The Dow Jones Industrial Average on Thursday fell below what was previously the year's nadir, on Oct. 10. Now, 7,197, from Oct. 10, 2002, is squarely in the sights of the bears. If that level is breached, we would be back to prices not seen since 1997.
TheStreet.com Ratings' review of the five most improved and deteriorated exchange-traded fund rating changes for the month shows a few of the defensive ETFs rising faster than their peers. Meanwhile, fear of deflation turned the outlook on five funds from bullish to neutral.
The most improved ETF this month is PowerShares Dynamic Utilities (PUI Quote), rising five notches to A- from a rating of C. With holdings of Duke Energy (DUK Quote), Dominion Resources (D Quote), and American Electric Power (AEP Quote), the fund has slipped lower recently, but not as much as the overall market sell-off. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |
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