Gold miner stocks dive into negative territory after jobs data
The gold miners sector took a dive into negative territory in premarket trading Friday, after the September government jobs report helped assuage fears of a sharp downturn in the economy, and lifted stock futures and Treasury yields. The VanEck Vectors Gold Miners ETF dropped 0.7% ahead of the open, reversing a pre-data gain of 0.7%. The ETF had surged a combined 2.6% on Tuesday and Wednesday, as the Dow Jones Industrial Average tumbled 838 points, or 3.1%, over the same time following disappointing manufacturing data.
Published:10/4/2019 8:24:11 AM