Markets Breakdown in Late Trading
Tweet
Share
E-mailGet Alerts AAPL Hot Sheet
Price: $338.37 -0.5%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.4%
EPS Growth %: +20.4%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.4%
EPS Growth %: +20.4%
Join SI Premium – FREE
After starting the day in the green following this weekend's Spanish bank bailout, markets broke down late in the day on Monday after investors lost their appetite for risk. Apple Inc.'s (Nasdaq: AAPL) latest product announcements did little to motivate investors, as investors seem to be experiencing a bit of fatigue.
As a result, the Nasdaq led markets into the red with (Nasdaq: QQQ) losing 1.56 percent, while (NYSE: SPY) lost 1.2 percent.
In terms of sectors, materials (NYSE: XME), energy (NYSE: XOP), and financials (NYSE: XLF) all traded lower, while utilities (NYSE: XLU) and consumer stapes held their ground (NYSE: XLP).
Spot gold (NYSE: GLD) was solid, but gold mining stocks (NYSE: GDX) received little love and were lower, in-line with the broader market.
As a result, the Nasdaq led markets into the red with (Nasdaq: QQQ) losing 1.56 percent, while (NYSE: SPY) lost 1.2 percent.
In terms of sectors, materials (NYSE: XME), energy (NYSE: XOP), and financials (NYSE: XLF) all traded lower, while utilities (NYSE: XLU) and consumer stapes held their ground (NYSE: XLP).
Spot gold (NYSE: GLD) was solid, but gold mining stocks (NYSE: GDX) received little love and were lower, in-line with the broader market.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Crude Inventory Fell 7.2 Million Barrels Last Week - EIA
- Wall St ends higher on chip stocks recovery; earnings in focus
- Fed: Governors Hammack, Kashkari and Logan dissented in favor of rate hike
Create E-mail Alert Related Categories
ETFs, Market CheckSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
