Daily ETF Roundup: BWX Sinks, UNG Soars

Equity markets were off to a rough start in Wednesday morning trading, but within an hour rose into a more positive mood that helped major indexes finish the day in positive territory. The Dow and Nasdaq both finished the day ahead by half a percent while the broad S&P 500 finished up by a more modest 0.4%. While it was a good day for equities, the other asset classes were not as fortunate; oil lost more than $1/bbl. in today’s trading and gold retreating by 0.2% off of its record highs as safe-haven demand waned. This trend carried over into the bond markets, which saw longer-term issues fall as yields on the 10 year note rose up to 2.72% while 2 year notes stayed firm and saw their yields drop below the 0.5% mark. The big news in today’s session was Japan’s intervention into the currency markets in an attempt to [...] Click here to read the original article on ETFdb.com. Related Stories: Daily ETF Roundup: UNG Sinks, MOO Soars Daily ETF Roundup: UUP Sinks, UNG Soars Daily ETF Roundup: VXX Sinks, EWZ Soars