| Major stock exchange traded funds took a hit Tuesday while gold tumbled to its lowest level since the Brexit vote shook world markets in June. SPDR S&P 500 (SPY), a proxy for the broad U.S. market, closed down 0.5% and in the bottom half of the day's trading range.
Rate-sensitive utilities and real estate led declining S&P sectors, down as much as 2.1%. Financials bucked the downtrend to advance 0.6%. Gold prices breached the key technical level of $1,300 an ounce in early trade. That break of support led to heavy selling, with spot gold settling $43 lower Tuesday at $1,269.70 an ounce...........................................Full Article: Source
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