Daily ETF Roundup: BLV Tumbles, XLF Surges

U.S. equity markets managed to hang on to slight gains despite an extremely up-and-down session, which had seen stocks retreat heavily at one point in the day before climbing back to close out the first week of November. The Dow and the Nasdaq both gained 0.1% on the day while the broad S&P 500 managed to jump by 0.4%. Although commodity market trading was muted somewhat after yesterday’s incredible surge, many assets managed to once again march higher; gold finished the day just shy of the $1,400/oz. mark and oil kept hold of the $87/bbl. level. These gains came despite relative strength in the currency markets for the greenback, which gained more than a cent against the euro and 0.65% against the yen. Today’s big event was the October jobs report, which showed that nonfarm payrolls rose by a greater-than-expected 151,000 last month. In addition, September numbers were revised to show [...] Click here to read the original article on ETFdb.com. Related Stories: Daily ETF Roundup: VXX Surges, VNQ Tumbles Daily ETF Roundup: UNG Tumbles, EWZ Surges Daily ETF Roundup: MOO Surges, VXX Tumbles