U.S. equity markets plunged to end the week as fears over rate tightening in China sent shares tumbling across the board; the Dow finished the day lower by 0.8% while the broad S&P 500 fell by 1.2%. However, this paled in comparison to the steep losses in the Nasdaq which sank by 1.5% to close out the week on the back of a 2.3% loss in Google and a 2.7% drop in shares of Apple. While these losses were severe, they were nothing compared to the rough day in the commodity markets; gold tumbled by 2.6% while oil fell by 3.6% in Friday trading. Meanwhile, soft commodities once again sank as sugar tumbled another 11.6% today while cotton fell by 3.6% as slowdown fears in China shredded the recent surge in commodity markets. The broad sell-off came as the Chinese government reported that the pace of inflation hit a two-year high, [...] Click here to read the original article on ETFdb.com. Related Stories: Daily ETF Roundup: DBA Soars, VXX Tumbles Daily ETF Roundup: VXX Tumbles, DBA Soars Daily ETF Roundup: VXX Tumbles, IYT Soars