Daily ETF Roundup: IWO Soars On Small Cap Strength, VXX Falters On Upbeat Markets

By: ETFdb
Stocks were able to climb out of their hole to finish out the week in positive territory, despite abysmal markets mid-way through the week. The S&P 500 was able to tack on 0.4% on the day while the Dow was able to make mild gains to erase its near 200 point nosedive on Tuesday. Today’s gains were spurned by strong jobs data, as this is the third consecutive month that has seen significant jobs growth. “Employers added 227,000 jobs last month, finishing three of the best months for hiring since the recession began, the government said before the market opened. The unemployment rate was unchanged at 8.3 percent as workers streamed into the labor force” writes Daniel Wagner. Though gold looked like it was in for another nasty trading day, the precious metal was able to pull out of its tailspin and finish the day up $15/oz. Gold was one [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: VXX Continues Higher, IWO Tumbles Daily ETF Roundup: VXX Jumps, Small Caps Sink Daily ETF Roundup: IWM Leads Winners As VXX Slides Daily ETF Roundup: VGK Pops On Greek Deal, VXX Slips Lower Daily ETF Roundup: VXX Jumps On Uncertainty, VGK Drops On Greece Jitters
Stocks were able to climb out of their hole to finish out the week in positive territory, despite abysmal markets mid-way through the week. The S&P 500 was able to tack on 0.4% on the day while the Dow was able to make mild gains to erase its near 200 point nosedive on Tuesday. Today’s gains were spurned by strong jobs data, as this is the third consecutive month that has seen significant jobs growth. “Employers added 227,000 jobs last month, finishing three of the best months for hiring since the recession began, the government said before the market opened. The unemployment rate was unchanged at 8.3 percent as workers streamed into the labor force” writes Daniel Wagner. Though gold looked like it was in for another nasty trading day, the precious metal was able to pull out of its tailspin and finish the day up $15/oz. Gold was one [...]

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

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