Daily ETF Roundup: BWX Soars On Safe Haven Demand, FXI Sinks On Weak Data

U.S. stocks tumbled to close out the Holiday-shortened week as nonfarm payrolls rose by an abysmal 54k, well short of analyst estimates, pushing the unemployment rate up to 9.1%. The Dow tumbled by 97 points on the session while the S&P 500 fell by roughly 1% and the Nasdaq led all three on the downside, losing close to 1.5% thanks to weakness in the telecom and semiconductor segments of the market. Thanks to this continued weakness in the equity markets– it is the fifth straight week of losses for the Dow– traders sought exposure to commodities and Treasury bonds instead as metals rose and T-bond yields fell, once again flirting with the 3.00% mark. Despite the inflows to Treasurys, the U.S. dollar turned in a very weak performance once again against most of the world’s other major currencies. The greenback slipped by close to 1.5 cents against the euro and suffered half [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: FXI Surges On Emerging Market Reversal, VXX Tumbles On Rising Market ETF Pipeline: Floating Rate Bonds, European Bonds, And More Firstrade Offers Commission Free ETFs March ETF Stats: Another Solid Quarter Market Vectors Planning Japanese Bond ETF