Daily ETF Roundup: FXI Sinks On Rate Hike, GDX Jumps On Portuguese Concerns

American equity markets finished solidly in the green in Wednesday trading as stocks mostly drifted higher on low volume, led by solid gains in the blue chips in the tech and consumer goods sectors. The Dow rose by close to 0.5% on the day leading the broader indexes, the Nasdaq and the S&P 500, which gained just 0.3% and 0.1%, respectively. Commodity markets were more mixed in today’s session than they started the week, as gold rose by about 1.1% and oil slid back by about twenty cents a barrel. Softs also faced more resistance as cocoa and cotton both fell by over 1.2%, but rice and orange juice managed to gain more than one percent on the day. Meanwhile, the U.S. dollar made strong gains against many of the major currencies of the world as traders fretted over a downgrade of Portuguese debt, pushing the value of the euro down by [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: GDX Continues Slide, FXI Surges Higher Daily ETF Roundup: GDX Soars, FXI Tumbles Daily ETF Roundup: FXI Rises, GDX Sinks Daily ETF Roundup: GDX Surges On Gold’s Strength, IYT Sinks On Crude’s Rally ETF Screener Upgrade: Filter Commission Free ETFs