The largest U.S. exchange traded fund surrendered its gains for the year before recovering Thursday. Major stock ETFs got off to a weak start, heading toward their third consecutive day of losses. The Federal Reserve's coy stance on the exact timing of a rate lift-off, coupled with new lows in oil prices, rattled investors. Amid a sell-off in China and European equities, investors fled to haven assets. SDPR S&P 500 (SPY) dropped more than 1% on
El Rhazi Otmane ETF. An exchange-traded fund (ETF) is an investment fund traded on stock exchanges, much like stocks.
Thursday, 20 August 2015
SPY ETF Turns Negative For Year Before Clawing Back
Otmane El Rhazi from Investor's Business Daily - ETFs RSS.
The largest U.S. exchange traded fund surrendered its gains for the year before recovering Thursday. Major stock ETFs got off to a weak start, heading toward their third consecutive day of losses. The Federal Reserve's coy stance on the exact timing of a rate lift-off, coupled with new lows in oil prices, rattled investors. Amid a sell-off in China and European equities, investors fled to haven assets. SDPR S&P 500 (SPY) dropped more than 1% on
The largest U.S. exchange traded fund surrendered its gains for the year before recovering Thursday. Major stock ETFs got off to a weak start, heading toward their third consecutive day of losses. The Federal Reserve's coy stance on the exact timing of a rate lift-off, coupled with new lows in oil prices, rattled investors. Amid a sell-off in China and European equities, investors fled to haven assets. SDPR S&P 500 (SPY) dropped more than 1% on
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