Daily ETF Roundup: VXX Surges After Bernanke Testimony, PBW Sinks On Lower Oil And Subsidy Fears

American stocks tumbled on the second day of Bernanke’s testimony on Capitol Hill, as hopes for more stimulus faded and debt ceiling talks dominated the headlines. The Dow finished lower by 0.4% while the S&P 500 slumped by 0.7% and the Nasdaq fell even further, dropping by 1.2% on the day. The biggest losses were in the industrial goods, services, and tech sectors, while the health care and consumer segments managed to hold firm despite broad market weakness. Commodity markets, on the other hand, finished mostly lower as well as gold rose by $2/oz. but oil tumbled by over $2/bbl. in Thursday trading. All other energy products finished the day lower while weakness was also seen in the grains and softs markets as well. The U.S. dollar was relatively flat in today’s session as the currency gained against the pound and yen but dropped when matched up against the Aussie [...] Click here to read the original article on ETFdb.com. Related Posts: This Week in ETFs: April 23rd Edition Daily ETF Roundup: VXX Soars On Market Uncertainty, VGK Declines On More Italian Worries Daily ETF Roundup: VXX Falls Even Further, IYT Jumps On ISM Report Daily ETF Roundup: VXX Continues Slide On Greek Austerity, XLF Rises On Bank Case Settlement Daily ETF Roundup: XLE Surges On Oil’s Jump, VXX Sinks On Greek Hopes