Daily ETF Roundup: UNG Slides On Mild Weather, XHB Rises On Construction Report

Despite a rough stretch in morning trading thanks to tensions in the Middle East, U.S. stocks managed to finish the day on a high note thanks to a rosy economic forecast from the Fed. The Dow gained 62 points on the day while the S&P 500 and the Nasdaq gained, respectively, 0.6% and 0.8% in the session. Among the biggest winning sectors on the day were oil equipment firms as well as a host of technology companies that were boosted by strong data as well. Meanwhile, commodities also trended into the green as well with gold gaining one dollar an ounce and oil rising by about 70 cents a barrel. These gains in the commodity markets came thanks to a weaker dollar which fell by about 0.5% on the day against its major rivals, helping to push soft commodities up once again in today’s trading session.Two reports were key to [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: UNG Tumbles On Storage Report, IYT Continues Higher Daily ETF Roundup: UNG Slides After Storage Report, GDX Rises Along With Gold Daily ETF Roundup: UNG Tumbles, PHO Soars Higher Teucrium Launches Natural Gas ETF (NAGS) Daily ETF Roundup: XLE Surges, XHB Tumbles