In one of the wildest sessions in recent memory, U.S. stocks plummeted to start the day, remained underwater throughout most of midday trading, only to surge in the final hour to post solid gains across the board. The Dow finished up by about 1.4% while the broader indexes posted more impressive gains as the S&P 500 rose by 2.3% and the Nasdaq accelerated by 3.0% for the day. Gains were pretty much across the board but the biggest moves came in the tech and financial sectors while health care and utilities lagged. Meanwhile, in commodity markets, gold ended the day sharply lower thanks to a return to risky assets while oil failed to return to the green, finishing the session down about 50 cents. Other commodities weren’t as lucky either as copper and grains mostly finished lower while some softs, namely coffee, cotton, and cocoa, finished the day in the green [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: IWM Rises, VXX Sinks Daily ETF Roundup: VXX Jumps, Small Caps Sink Daily ETF Roundup: IWM Leads Winners As VXX Slides September ETF Roundup: Launches, Filings, and Closures Volatility ETPs: Where Are The Critics Now?
In one of the wildest sessions in recent memory, U.S. stocks plummeted to start the day, remained underwater throughout most of midday trading, only to surge in the final hour to post solid gains across the board. The Dow finished up by about 1.4% while the broader indexes posted more impressive gains as the S&P 500 rose by 2.3% and the Nasdaq accelerated by 3.0% for the day. Gains were pretty much across the board but the biggest moves came in the tech and financial sectors while health care and utilities lagged. Meanwhile, in commodity markets, gold ended the day sharply lower thanks to a return to risky assets while oil failed to return to the green, finishing the session down about 50 cents. Other commodities weren’t as lucky either as copper and grains mostly finished lower while some softs, namely coffee, cotton, and cocoa, finished the day in the green [...]
Click here to read the original article on ETFdb.com.
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