Daily ETF Roundup: BLV Tumbles, EPP Soars

U.S. equity markets surged higher to start September, as the Dow gained more than 250 points thanks to strong overseas data from China and Australia. The Nasdaq and S&P 500 also had banner days, as these benchmarks both tacked on close to 3%. This news helped to draw a few investors out of gold, which saw its price ease back below the $1,250 mark as traders embraced risk and bid up oil prices. Crude surged more than $2/bbl. on hopes of rising international demand. In currency markets, the dollar weakened against most rivals, falling against both the euro and the Australian dollar. This weakness in the greenback, combined with risk taking, pushed investors out of U.S. Treasury bills and sent yields soaring higher; the Ten year briefly touched 2.6% before settling back at 2.58%, while the 2 year finished the day yielding 0.51%. Today’s robust gains came thanks to a flurry [...] Click here to read the original article on ETFdb.com. Related Stories: Daily ETF Roundup: GDX Soars, BLV Tumbles Daily ETF Roundup: UNG Tumbles, GDX Soars Daily ETF Roundup: UNG Soars, FXI Tumbles