Dow Jones ETF Loses $1 Billion in Wake of Worst Week Since 2008
- SPDR Dow Jones ETF sees 2nd-largest weekly outflow this year
- It could be the ‘market imploding,’ says JonesTrading’s Lutz
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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. That was as the Dow fell 6.9 percent, marking its worst week in a decade.