Daily ETF Roundup: GDX Surges On Gold’s Strength, IYT Sinks On Crude’s Rally

American equity markets started the Holiday-shortened week mixed, as strength in the natural resource and tech sectors were weighed down by weakness in financials and industrials. The Dow and the S&P 500 both finished the day down 0.1% while the Nasdaq managed to post a 0.4% gain for the session, thanks to a 2.2% from search giant Google. Commodity markets, however, stole the show as weakness in the U.S. dollar propelled many resources sharply higher including a 2.3% gain for gold and a 2% jump in crude oil prices. Softs, grains, and the rest of the metals finished markedly higher as well, largely led by a 3.8% bump in wheat and a nearly 4.9% surge in silver futures. This came as the U.S. dollar lost close to 1.1 cents against the euro and faced weakness against the pound, yen, and Aussie dollar as well. T-Bills did manage to see some inflows despite [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: IYT Tumbles On Higher Crude, GDX Rises On Gold Demand Daily ETF Roundup: GDX Surges, IYT Crashes & Burns This Week In ETFs: November 20th Edition Daily ETF Roundup: GDX, IYT Jump, PFF Slides Daily ETF Roundup: VXX Falls Even Further, IYT Jumps On ISM Report