Daily ETF Roundup: GDX Surges, UNG Tumbles

Equity markets slumped to start the Holiday-shortened week as poor news out of Apple and Citi before the bell hit markets hard. However, a rally took place soon after as investors bought up beaten down securities which helped to push markets to gains on the day. The Dow finished ahead by 50 points while the S&P 500 rose by 0.1% and the tech heavy Nasdaq managed to gain 0.4%. Commodity markets were relatively subdued as gold gained five dollars an ounce and oil lost marginally, just under 30 cents for the session. The main leader in the commodity space was the grain market where corn, wheat, and rice all gained significantly on the day thanks to a slightly weaker dollar which fell as fears over a European debt contagion continued to subside. The biggest stories for today’s session arguably came out of the technology and banking sectors where key news [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: GDX Tumbles, UNG Surges Higher Daily ETF Roundup: UNG Shoots Higher, GDX Sinks On Gold’s Tumble Daily ETF Roundup: GDX Tumbles, UNG Surges Daily ETF Roundup: UNG Tumbles, GDX Soars Daily ETF Roundup: UNG Continues Slide, GDX Rises