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Financials Push Stocks Lower; Investors Shrug at Beige Book – October 21, 2009

October 20th, 2009

Investors Stage a Late Selloff

Stocks retreated for a second day as banking, retail and technology shares led the session lower. The Dow Jones Industrial Average lost 92.12 points to finish the day off at 9,949.36. Broader stock indicators also fell into negative territory. The bank sector suffered on reports that the Obama administration will [...]

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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.