Daily ETF Roundup: VXX Surges, USO Capsizes
Market swiftly moved south on the day as hiring slowed for the month of April, despite the dip in unemployment. What many realized was that the drop to 8.1% was not necessarily because of new hires, but because an increasing number of people have exited the labor force, as finding a job has been too difficult a task for many. All in all, the Dow shaved off about 170 points while the S&P 500 lost 1.6%, making today one of the worst trading sessions of 2012. Likewise, the Nasdaq took a big hit as it shrank by nearly 2.3% [see also 5 Simple ETF Trading Tips]. While equities struggled to get going, some commodities had an even tougher time. Both crude oil and natural gas experienced harsh sell-offs after the bad hiring data. Today witness crude’s first close below $100 in recent memory as the commodity dipped 3.9% for the [...] Click here to read the original article on ETFdb.com. Related Posts: UBS Unveils Natural Gas, Oil “Contango ETNs” May ETF Stats: Hot Streak Continues This Week in ETFs: May 14th Edition Daily ETF Roundup: UNG Pops, VXX Drops ETF Insider: Opportunities In A Pullback
Market swiftly moved south on the day as hiring slowed for the month of April, despite the dip in unemployment. What many realized was that the drop to 8.1% was not necessarily because of new hires, but because an increasing number of people have exited the labor force, as finding a job has been too difficult a task for many. All in all, the Dow shaved off about 170 points while the S&P 500 lost 1.6%, making today one of the worst trading sessions of 2012. Likewise, the Nasdaq took a big hit as it shrank by nearly 2.3% [see also 5 Simple ETF Trading Tips]. While equities struggled to get going, some commodities had an even tougher time. Both crude oil and natural gas experienced harsh sell-offs after the bad hiring data. Today witness crude’s first close below $100 in recent memory as the commodity dipped 3.9% for the [...]

Click here to read the original article on ETFdb.com.

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