Daily ETF Roundup: DBA Surges On Crop Speculation, PBW Falls On Alternative Energy Woes
June 08, 2011 at 17:45 PM EDT
American equity markets once again finished the day lower, marking the sixth straight session in the red for U.S. benchmarks. The Dow slumped by 22 points while the S&P and Nasdaq posted heavier losses of, respectively, 0.4% and 1.0% on the session. The biggest losers came in the tech and financial sectors as banks slumped on a government ruling on fees and tech fell pretty much across the board. Meanwhile, in commodity markets, gold finished the day flat while crude oil gained close to 2% after an OPEC meeting in Vienna saw no increases to production from the cartel. Other resources also finished the day broadly higher as the soft commodities put up multi-percentage point gains including a 3.7% surge in the corn market. T-Bills continued to rise though as the ten and two year notes both saw yields tumble to near record levels; a Two-Year Treasury bill now yields investors under [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: UNG Rises On Flood Damage Speculation, PBW Tumbles On Oil’s Fall Teucrium Plans A Different Kind Of Commodity ETF Daily ETF Roundup: DBA Surges On Crop Report, EWJ Slumps On Nuclear Concerns Daily ETF Roundup: UNG Continues Slide, PBW Surges On Clean Energy Demand Daily ETF Roundup: DBA Tumbles On Soft Commodity Slump, GDX Soars On Gold’s Strength