Daily ETF Roundup: UNG Tumbles, MOO Jumps Higher

U.S. equity markets drifted higher in Wednesday’s trading session as a surprisingly solid private-sector employment report from ADP boosted market sentiment. Thanks to this report, the Dow rose by a modest 32 points while the S&P 500 and the Nasdaq both posted more robust gains of 0.5% and 0.8%, respectively. Commodity markets were once again volatile as gold tumbled more than $20/oz. before regaining much of its lost ground in late session trading while oil managed to push higher, finishing the day up 1.1%. All of this came as the U.S. dollar gained against many of its major rivals, helping to push the dollar index up to $80.2 or a 1% gain on the day. While this surge in the U.S. dollar was followed by rising bond yields across most maturity levels, this was only a result of the day’s biggest news story; the robust ADP report. According to the [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: UNG Tumbles, MOO Soars Daily ETF Roundup: UNG Sinks, MOO Soars Daily ETF Roundup: UNG Sinks, MOO Rises UNG vs. FCG: A Better Natural Gas ETF? Daily ETF Roundup: UNG Rises, MOO Sinks