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As Major Indexes Swoon, Gold ETF Hits 4-Week High

ETFs tracking the main U.S. indexes took a 1% hit each Thursday as global growth concerns continue to weigh heavily on investor sentiment. The S&P 500, Dow Jones Industrial Average and Nasdaq indexes are back in correction territory, trading 10% or more below their 52-week highs, as the Street awaits Fed Chair Janet Yellen's speech after the close.

SPDR Dow Jones Industrial Average (ARCA:DIA) was down 1.6% shortly before noon.

All 30 industrial leaders in the exchange traded fund's stock portfolio were in the red, with a 6% loss for Caterpillar (NYSE:CAT), 3% each for 3M (NYSE:MMM) and Intel (NASDAQ:INTC), and 2% for Apple (NASDAQ:AAPL) and IBD Leaderboard stock Visa...