Daily ETF Roundup: UNG Surges On EIA Report, XLP Tumbles On Downgrade And Data
June 02, 2011 at 17:45 PM EDT
Despite a sinking dollar and a move away from U.S. Treasury bonds, most equities finished the session lower thanks to more poor data and speculation over Friday’s jobs report. The Dow led the way on the downside, falling by 0.3% in the session, compared to a 0.1% loss for the broad S&P 500. Meanwhile, the Nasdaq managed to post a four point gain for Thursday trading as strength in the semiconductor and internet sectors helped to carry the benchmark on the day. Commodity markets were also mixed on the day as many of the riskier soft commodities such as sugar and coffee rose sharply on the day although weakness was seen in the metals department as copper and gold declined marginally and silver fell by over 4% in the session. In the bond markets, Treasurys all but reversed their run-up yesterday as the ten year saw its yields rise by nine basis [...] Click here to read the original article on ETFdb.com. Related Posts: Three ETFs To Watch During Hurricane Season Daily ETF Roundup: UNG Surges On Warm Weather, VXX Tumbles On Rising Market Daily ETF Roundup: UUP Sinks On Poor Data, UNG Soars On Hot Forecast Daily ETF Roundup: UNG Falls On EIA Storage Report, EWY Surges On Strong Data Daily ETF Roundup: VGK Sinks On Euro’s Woes, UNG Soars On Weather Forecast