Stocks Drop, But Investors Should Also Watch Another Falling Market
Stocks lost ground on Thursday, as investors tried to figure out whether they should be rooting for strong or weak economic data in light of its impact on future decisions from the Federal Reserve on monetary policy. As of 11:15 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 221 points to 34,593. The S&P 500 (SNPINDEX: ^GSPC) had dropped 29 points to 4,451, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) had declined 106 points to 15,056.
With all the huge gains that high-growth tech stocks have delivered over the past year, many investors have stopped paying attention to commodities markets like gold and silver. However, precious metals have made significant moves in recent weeks, and the trend appears to be a lot more negative for investors in those commodities than that market has seen in some time. Below, we'll look more closely at what's happening with precious metals today and what it could mean for the rest of the stock market.
Image source: Getty Images.
Source Fool.com
