Daily ETF Roundup: GDX Falls, IWM Gains

Although U.S. equity markets surged to start the day, they faltered in the final hour of trading to finish the day flat despite solid political developments out of Washington. The Dow and the S&P 500 both finished more or less unchanged while the Nasdaq continued its short-term outperformance gaining 0.1% on the day. A similar trend was present in commodities as well where gold and oil both surged in early trading only to finish the day sharply lower; gold managed to barely hang on to the $1,400 mark while oil slid more than $1.2/bbl. in Tuesday trading. As a result of this sell-off in commodities, investors fled to the only safe haven left– short-term U.S. Treasurys– which saw incredible spikes in yield with rates surging by over 10 basis points on the two year note. The biggest news on the day came from Washington as Obama and the Congressional Republicans [...] Click here to read the original article on ETFdb.com. Related Stories: Daily ETF Roundup: GDX Surges, VXX Falls Off A Cliff Daily ETF Roundup: XLE Falls, GDX Soars Daily ETF Roundup: GDX Soars, EWJ Falls