| ETF Fund Flows: SPY Bleeds $4.75 Billion and Futures move lower |
| News - Financial News |
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Investors yanked $4.75 billion from the SPDR S'P 500 (NYSEArca:SPY - News), as stocks dropped after the Federal Reserve said yesterday it had no new plans to help the economy.Overall, investors pulled $4.74 billion from U.S.-listed ETFs yesterday, and total assets under management declined to $1.048 trillion from $1.06 trillion on Monday, Dec. 12, according to data compiled by IndexUniverse.The Dow Jones industrial average was down 66.45 points, or 0.6 percent, to close at 11,954.94. The S'P was down by 0.87 percent, as investors soured on prospects for the U.S. economy.After SPY, which topped IndexUniverse(TM)s Top 10 Redemptions list, the Nos. 2 and 3 funds were the PowerShares QQQ Trust (NYSEArca:QQQ - News) and the SPDR Barclays 1-3 month T-Bill ETF (NYSEArca:BIL - News), which saw outflows of $284.4 million and $275 million, respectively. [Read the full article] U.S. stocks fell on Wednesday with traders focused on a sliding euro and rising Italian bond yields as market anxiety …Quotes delayed, except where indicated otherwise. Delay times are 15 mins for NASDAQ, NYSE and Amex. See also delay times for other exchanges. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.Fundamental company data provided by Capital IQ. [Read the full article] NEW YORK (AP) -- Which toy maker has the most hit toys this holiday season? Mattel has more out-of-stock toys than Hasbro, according to an analysis by an analyst on Wednesday. Although no "hot toy" on the level of Tickle Me Elmo in 1996 or the robotic hamsters Zhu Zhu Pets in 2009 has emerged this year, toy retailers are still running low on or are out of stock on some popular toys. Mattel toys appear to be outperforming Hasbro, Sterne Agee analyst Margaret Whitfield said. The hardest-to-find toys included Mattel's Hot Wheels Wall Tracks Starter set, a car track set that can be mounted on walls, and Fijit, an interactive robot that comes in several bright colors. [Read the full article] 
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