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As the three major U.S. averages dropped more than 1.6% for the week, nearly every exchange-traded fund was lower over the five sessions.
Financial-related ETFs were hit hard. On Wednesday, Bear Stearns (BSC Quote) fell 2.5% amid worries about two of its hedge funds, reigniting fears about the effects of the subprime fallout.
The Ultra Financials ProShares (UYG Quote) ETF ended down 5.5% to $66.55. Additionally, the iShares Dow Jones Broker-Dealers (IAI Quote) was lower by 3.4% to $55.89. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,471.58 | 1,108.86 | 2,175.81 | 32.75 |
Oil *
79.69
|
|
UP
126.74
|
UP
13.23
|
UP
31.21
|
UP
0.74
|
10 Yr
3.28%
SPDR Gold
117.38
|
|
+1.23%
|
+1.21%
|
+1.46%
|
+2.31%
|
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