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ETFs Mixed with Japan Quake and Economic Data

Exchange traded funds (ETFs) wavered in morning trading after a massive earthquake hit Japan . Many are predicting the impact will be minimal on the global economy.

  • Japanese stocks fell sharply in late trading on Friday after a powerful earthquake rocked the country's northern coast, triggering a tsunami and generating tremors that shook buildings in Tokyo. News of the quake, which struck in the closing minutes of stock market trading in Tokyo, accelerated a fall caused after hefty overnight losses on Wall Street and amid lingering worries over the political turmoil in the Middle East. The quake - the worst ever in Japan since at least 1891 - had a magnitude of 8.9 and its epicenter was 231 miles northeast of Tokyo, EWJ) was down 1.6% in early trading.
  • Shoppers snapped up new cars, clothing and electronics in February, pushing retail sales up for the eighth straight month. Retail sales rose 1% last month, RTH) is trading flat today.
  • Reinsurance stocks across Europe dropped sharply Friday after a massive earthquake off the coast of Japan triggered a devastating tsunami. FEU) is trading flat early Friday.
  • UNG) is up 2.5% so far today.

Gregory A. Clay contributed to this article.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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