Although stocks rallied in mid-day trading, they couldn’t hang on to the surge and fell back towards breakeven to close out Tuesday’s session. The Dow managed to finish up by 0.1% but the broader indexes were not so lucky as the S&P 500 fell by 0.2% and the Nasdaq sank by 0.9%. Utilities and health care led on the upside while basic materials, some large cap tech, and a few big name financials led the way on the downside. In terms of commodities, the headline products of gold and oil both finished the day higher as gold rose by about 1.5% and oil gained about 55 cents a barrel or 0.6%. Other natural resources, namely the softs and most of the energy group, also trended higher although some grains and industrial metals led on the downside. In currency markets, the dollar weakened slightly ahead of tomorrow’s key Fed decision, falling further against the yen [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: PBW Sinks, GDX Soars Daily ETF Roundup: GDX Tumbles, PBW Soars Higher Daily ETF Roundup: VGK Soars On Greek Relief Hopes, GDX Declines On Demand For Risky Assets Daily ETF Roundup: VXX Surges Nearly 10% On Market Woes, PBW Dips On Obama Speech August ETF Stats: Keeping The Winning Streak Alive (Just Barely)
Although stocks rallied in mid-day trading, they couldn’t hang on to the surge and fell back towards breakeven to close out Tuesday’s session. The Dow managed to finish up by 0.1% but the broader indexes were not so lucky as the S&P 500 fell by 0.2% and the Nasdaq sank by 0.9%. Utilities and health care led on the upside while basic materials, some large cap tech, and a few big name financials led the way on the downside. In terms of commodities, the headline products of gold and oil both finished the day higher as gold rose by about 1.5% and oil gained about 55 cents a barrel or 0.6%. Other natural resources, namely the softs and most of the energy group, also trended higher although some grains and industrial metals led on the downside. In currency markets, the dollar weakened slightly ahead of tomorrow’s key Fed decision, falling further against the yen [...]
Click here to read the original article on ETFdb.com.
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