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Winning Streak Disappears on Wall Street – November 12, 2009

November 12th, 2009

Energy Shares Lead Selloff

Stocks closed sharply lower Thursday, ending a six-day rally as energy shares dragged on the market. Four stocks fell for every one that rose on the New York Stock Exchange. The government’s report of a jump in petroleum supplies stirred worries that falling energy demand was a sign of weakness in [...]

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A measure of how quickly a fund turns over its holdings during the year. A highly active fund will have a high annual turnover. It is equal to the dollar transaction volume of the trades in one year divided by the total portfolio size, expressed as a percentage.