Daily ETF Roundup: DBA Plummets On Commodity Weakness, VXX Surges On Nuclear Fears
March 15, 2011 at 17:05 PM EDT
U.S. equity markets continued their slide in Tuesday trading as fears over a nuclear disaster in Japan weighed on global equities. The Dow was down close to 1.2% while the broader indexes suffered similar losses of 1.3% for the Nasdaq and 1.1% for the S&P 500. Meanwhile, commodities continued to take a beating as gold tumbled by close to 2% and oil plummeted by 3.6% on fears that demand from Japan would be significantly curtailed going forward. Other commodities had even more severe declines as the soft, grain, and livestock sectors were hit especially hard; wheat and sugar were both down by more than 7% in the session. One of the biggest ETF winners on the day was the iPath S&P 500 VIX Short-Term Futures ETN (VXX), which soared by 4.2% in Tuesday trading. Today’s gains in the exchange-traded note offering exposure to the ‘fear index’ came as traders around [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: VXX Sinks, DBA Soars Daily ETF Roundup: VXX Soars, DBA Tumbles Daily ETF Roundup: VXX Tumbles, DBA Soars Daily ETF Roundup: DBA Soars, VXX Tumbles Daily ETF Roundup: VXX Soars, DBA Sinks