Daily ETF Roundup: VXX Spikes On BOJ Worries, KBE Slumps

By: ETFdb
U.S. equities were in for a wild ride today, as investors digested the Bank of Japan’s latest monetary policy decision. The BOJ announced that it will keep its key interest rate and asset-buying program unchanged, a sign that economic recovery may be picking up. Meanwhile, investors turned their attention to the start of the German Constitutional Court’s two-day hearing that will question the legality of the European Central Bank’s bond-buying program [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: VXX Spikes On BOJ Worries, KBE Slumps After a choppy trading session, all three major U.S. equity indexes fell to close in negative territory. The Dow Jones Industrial Average ETF shed 0.66%, after its underlying index fell more than 150 points near the open. The S&P 500 ETF fell 1.03%, while the tech-heavy Nasdaq ETF slipped 1.05%. In Europe, markets were lower, with the Stoxx Europe 600 shedding 1.2%. Meanwhile, Asian equities tumbled following the [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: VXX Spikes On Fed Concerns, XLB Tumbles Daily ETF Roundup: KBE Pops As Banks Charge Ahead, UST Slumps Daily ETF Roundup: Dow Tumbles, Posting Worst One-Day Drop In 2013 Daily ETF Roundup: Dow Closes Above 14,300 Daily ETF Roundup: Early Morning Rally Sizzles, Stocks Close In Red
U.S. equities were in for a wild ride today, as investors digested the Bank of Japan’s latest monetary policy decision. The BOJ announced that it will keep its key interest rate and asset-buying program unchanged, a sign that economic recovery may be picking up. Meanwhile, investors turned their attention to the start of the German Constitutional Court’s two-day hearing that will question the legality of the European Central Bank’s bond-buying program [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: VXX Spikes On BOJ Worries, KBE Slumps After a choppy trading session, all three major U.S. equity indexes fell to close in negative territory. The Dow Jones Industrial Average ETF shed 0.66%, after its underlying index fell more than 150 points near the open. The S&P 500 ETF fell 1.03%, while the tech-heavy Nasdaq ETF slipped 1.05%. In Europe, markets were lower, with the Stoxx Europe 600 shedding 1.2%. Meanwhile, Asian equities tumbled following the [...]

Click here to read the original article on ETFdb.com.

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