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Daily ETF Roundup: UNG Soars On Natural Gas Inventory, VXX Sinks Lower
U.S. equities rallied in complete and utter defiance today, seemingly shrugging aside the slew of bad news that bombarded the markets. Euro Zone drama unsuccessfully tried to take center stage yet again, as Spanish bond yields hit euro-era highs. Reports also indicated that U.S. job data has worsened, and yet stocks barreled through, bolstered by only an idealistic notion — hope. Investors interpreted the latest developments as a sign that perhaps the elusive QE3 might be put into action sooner rather than later. As investors place their hopes in the hands of the Fed, stock markets rallied: the Dow Jones Industrial Average came out on top with a gain of 1.1%, while the S&P 500 shot up 0.9% and Nasdaq inched 0.2% higher [see also 101 ETF Lessons Every Financial Advisor Should Learn]. U.S. consumer prices fell in the month of May, as declining gasoline prices helped offset higher rent and medical-care [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: VXX Soars On Spain Bailout, UNG Sinks Lower Daily ETF Roundup: UNG Jumps, VXX Falls Daily ETF Roundup: UNG Pops, VXX Drops Daily ETF Roundup: UNG Bounces Back, VXX Tumbles Daily ETF Roundup: UNG Rises Ahead Of Storage Data, VXX Loses 50% For The Year
U.S. equities rallied in complete and utter defiance today, seemingly shrugging aside the slew of bad news that bombarded the markets. Euro Zone drama unsuccessfully tried to take center stage yet again, as Spanish bond yields hit euro-era highs. Reports also indicated that U.S. job data has worsened, and yet stocks barreled through, bolstered by only an idealistic notion — hope. Investors interpreted the latest developments as a sign that perhaps the elusive QE3 might be put into action sooner rather than later. As investors place their hopes in the hands of the Fed, stock markets rallied: the Dow Jones Industrial Average came out on top with a gain of 1.1%, while the S&P 500 shot up 0.9% and Nasdaq inched 0.2% higher [see also 101 ETF Lessons Every Financial Advisor Should Learn]. U.S. consumer prices fell in the month of May, as declining gasoline prices helped offset higher rent and medical-care [...]

Click here to read the original article on ETFdb.com.

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