Wednesday’s ETF Chart To Watch: Teucrium Corn Fund (CORN)

Wall Street got off to a fairly tame start as investors came back from a long holiday weekend, as domestic equity indexes closed near the breakeven point and the NASDAQ edged out a small gain. Moody’s rating agency downgraded Portugal’s government debt to a grade of Baa2 from Baa1, almost immediately sending the euro lower versus the U.S. dollar in the currency market. “A further downgrade could be triggered by a significant slippage in the execution of the government’s fiscal consolidation program, a further downward revision of the country’s economic growth prospects or an increased risk that further support requires private sector participation,” Moody’s said in its report. While equity markets managed to stay fairly calm despite ongoing debt fears from overseas, gold and oil were the centers of attention as both commodities soared upwards of 2% during Tuesday’s trading session. Gold jumped by more than 30 points, settling back [...] Click here to read the original article on ETFdb.com. Related Posts: Don’t Fight The Curve: Five Commodity ETFs in Backwardation Strange Times For The Natural Gas ETN (GAZ) Talking Commodity ETFs With Sal Gilbertie Of Teucrium IndexIQ Launches Global Agribusiness Small Cap ETF (CROP) Tuesday’s ETF Chart To Watch: Teucrium Corn Fund (CORN)