INSUBCONTINENT EXCLUSIVE:
With the stock market in free fall, exchange-traded fund investors are running for the exits.
Investors pulled $1 billion from the SPDR Dow
Jones Industrial Average ETF Trust, ticker DIA, last week -- the second largest outflow this year and the most in nine months
Dow fell as much as 2 per cent on Monday, extending losses to the lowest level since September 2017 as concerns out of Washington kept
Last week, equities spiralled after the Federal Reserve raised rates for the fourth time this year and central bank Chairman Jerome Powell
failed to quell worries in the press conference
Individual company news also weighed.
Walgreens Boots Alliance Inc posted weaker-than-expected earnings last week and announced a new
cost-cutting plan that raised concerns about how the company is going to grow
Analysts at Bank of America Merrill Lynch also downgraded American Express last week, saying market swings could be signaling weaker growth
