January 31, 2008 at 2:30 pm by Tom Lydon
Exchange traded funds (ETFs) and the markets got off to a rocky start in 2008. Already this year, oil has managed to top $100 a barrel, gold set new records and the Federal Reserve cut rates twice. What awaits us the rest of the year?
The major indexes took a beating this month. The Dow Jones industrial average finished down 4.6%. The Nasdaq ended down 9.9%, and the S&P 500 ended down 6.1%. Precious metals were one of the strongest performers this month. Gold was up 11%, while silver was up 14.6%. Agriculture made a strong showing, too, up 12.3%.
Click here to view the full ETF performance report.
Tags: Agriculture, Dow Jones Industrial Average, Federal Reserve, Metals & Mining, NASDAQ, Oil, S&P 500, Silver
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