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Tuesday’s ETF Chart To Watch: SPDR S&P Oil & Gas ETF (XOP)

By: ETFdb
Wall Street got off to a quiet start yesterday as investors were reluctant to aggressively jump back on board following last week’s volatile trading across both equity and commodity markets. Domestic indexes fluctuated between small gains and losses during trading hours on Monday, while overseas European shares tumbled lower after investor confidence sank following news of the S&P’s downgrade of Greek debt. “In our view, there is increased risk that Greece will take steps to restructure the terms of its commercial debt, including its previously-issued government bonds,” the rating agency said in a statement, also warning that more downgrades could soon follow. Share of Citigroup jumped back to pre-crisis levels as the financial giant underwent a reverse split, which combined 10 outstanding shares of Citi stock into one new share, effectively reducing the number of Citigroup shares outstanding to 2.9 billion from 29 billion. Gold advanced higher past $1,500 an [...] Click here to read the original article on ETFdb.com. Related Posts: April ETF Data: Assets Set Record, EEM Strikes Back IndexIQ Debuts Global Oil Small Cap ETF (IOIL) Tuesday’s ETF Chart To Watch: iShares Silver Trust (SLV) Thursday’s ETF Chart To Watch: SPDR S&P Oil & Gas ETF (XOP) Seven Best ETF Performers Of Q1 (And Five Of The Worst)
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