Daily ETF Roundup: XLB Tumbles, EWY Jumps Higher

American equity markets finished the week on a high note as investors bought up securities ahead of the three day weekend. The Dow lead the other major indexes thanks to its 0.6% gain, followed by a 0.2% jump in the price of the S&P 500 and a 0.1% move higher in the tech-heavy Nasdaq. Commodity markets, on the other hand, were much more mixed as gold finished shy of $1,390/oz. but oil tumbled to finish at just $86/bbl. The real movement came from a variety of lesser-known commodities as softs and grains tumbled across the board, in fact, silver was one of the few commodity winners gaining slightly more than 3% in the session. The market largely drifted higher as traders bought up securities ahead of the holiday weekend thanks to momentum and relatively strong data from corporate America. By sector, markets were pretty mixed as some of the smaller financials [...] Click here to read the original article on ETFdb.com. Related Posts: Harvard Endowment Hearts ETFs Free Trade Agreement Puts South Korean ETFs In Focus Korea ETFs Plummet As North/South Tensions Flare ETFs For The “Next 11″ Economies Three ETFs In Focus Ahead Of G20 Summit