12 Mar 2004 What are iShares and Exchange Traded Funds?
Posted at 15:37h in The Friday BriefAfter a 36% rise of the Dow Jones Industrials, a 40% rise of the broader S&P 500 and a 55% rise of the NASDAQ, investors decided to take a breather. The first stocks to succumb to selling pressure were last year’s market leaders; technology and biotechnology companies comprising the majority of the NASDAQ index. It reached a peak on January 29th suffering three periods of 6% declines each since then. The index is currently off just under 10% from its high. The Dow reached a 52-week high on February 19 at 10,753, but has fallen 5.6% since then. The S&P 500 was last to succumb, peaking on March 5th and falling 4.4% from that level.