Daily ETF Roundup: XLF Slumps, HAO Tumbles

Wall Street started off the week on a sour note after a volatile U.S. Treasuries trading session sparked a sell-off in equity markets. Investors also paid close attention to commentary from Fed officials; Dallas Fed President Richard Fisher stated his support of the central bank tapering its bond-buying program, but emphasized the need for the scale back to be a gradual process. Minneapolis Fed President Narayana Kocherlakota also voiced his support of the fed, urging investors that the central bank has not become more hawkish [see The Cheapest ETF for Every Investment Objective]. Global Market Overview: XLF Slumps, HAO Tumbles After high yielding sectors lagged amid Treasury concerns, all three major U.S. equity indexes tumbled to close in negative territory. The Dow Jones Industrial Average ETF shed 0.9% after its underlying index tumbled 139.84 points. The S&P 500 ETF fell 1.26%, while the tech-heavy Nasdaq ETF lost 0.99%. In Europe, markets also took a sharp cut in returns; [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Stocks Nosedive, VXX Spikes and XLP Tumbles Daily ETF Roundup: Fed Hints At Future Taper, XLU And IBB Tumble Daily ETF Roundup: XLI Rallies Alongside Industrials, VOX Pops Daily ETF Roundup: XHB Pops On Homebuilder Data, EWG Jumps On Bundesbank Outlook Daily ETF Roundup: Stocks End Week In The Red, IXC Slumps Alongside Energy Shares