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This Week In ETFs: May 6th Edition
May 06, 2012 at 07:00 AM EDT
This week proved to be a rather disappointing one as worse-than-expected jobs data shocked the markets, forcing the Nasdaq to its biggest single-session drop since November. The Dow Jones Industrial Average shed 1.27%, while both the S&P and Nasdaq logged in their worst weekly performances of 2012. The violent drop was spurred by less than cheery non-farm payrolls data, which came in at 115,000 jobs in April, well below the predicted 170,000. As outlooks worsened, European stocks fell sharply alongside U.S. equity markets. Worries about a weakening economy coupled with easing tensions between Iran had oil prices in a free fall on Friday, leading the commodity to plummet 4% to $98.49 per barrel. This week’s market upheaval has left many investors on shaky grounds as they continue to digest and analyze the overall health of the global economy [see also 15 Different Ways To Invest In Energy With ETFs]. The ETF industry considerably slowed down [...] Click here to read the original article on ETFdb.com. Related Posts: PIMCO Launches Active TIPS ETF (ILB)
This week proved to be a rather disappointing one as worse-than-expected jobs data shocked the markets, forcing the Nasdaq to its biggest single-session drop since November. The Dow Jones Industrial Average shed 1.27%, while both the S&P and Nasdaq logged in their worst weekly performances of 2012. The violent drop was spurred by less than cheery non-farm payrolls data, which came in at 115,000 jobs in April, well below the predicted 170,000. As outlooks worsened, European stocks fell sharply alongside U.S. equity markets. Worries about a weakening economy coupled with easing tensions between Iran had oil prices in a free fall on Friday, leading the commodity to plummet 4% to $98.49 per barrel. This week’s market upheaval has left many investors on shaky grounds as they continue to digest and analyze the overall health of the global economy [see also 15 Different Ways To Invest In Energy With ETFs]. The ETF industry considerably slowed down [...]
