U.S. equities tumbled today as a steep sell off in gold and other commodities spooked Wall Street. Sparking today’s volatile session were several disappointing reports on the home front and from China. The Federal Reserve Bank of New York reported that its business-conditions index declined more than expected, while a separate report showed home builders’ confidence falling for the third straight month. In China, economic growth in the first quarter came in at 7.7%; analysts were expecting GDP growth to be 8%. Also adding to today’s jitters was news of explosions at the site of the Boston Marathon [see Free Member Report: How To Pick The Right ETF Every Time]. Global Market Overview: Dow Tumbles, Posting Worst One-Day Drop In 2013 Following today’s disappointing economic reports and the sell off in gold, all three major U.S. equity indexes tumbled into negative territory. The Dow Jones Industrial Average ETF fell 1.76%, as its underlying index tumbled 265.86 points. The S&P 500 ETF slumped 2.32%, [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Early Morning Rally Sizzles, Stocks Close In Red Daily ETF Roundup: Stocks End Off Lows, Volatility Spikes Daily ETF Roundup: Stocks Post Worst One-Day Drop In 2013 Daily ETF Roundup: Stocks Pull Back On Fed And Lackluster GDP Daily ETF Roundup: Jobs Report Boosts Markets