Daily ETF Roundup: UUP Tumbles, MOO Surges Higher

U.S. equity markets continued their surge in Wednesday trading as the major indexes rose thanks to solid performances in the financial and basic materials sectors. The Dow was the laggard on the day gaining 0.7% compared to a 0.8% gain for the Nasdaq and a 0.9% surge for the broad S&P 500. These gains were matched by more strength in the commodity sector as gold and oil rose marginally but were outpaced by solid performances in the grains and softs sectors as soybeans and corn led all agricultural commodities on the upside. This surge in commodities, spurred by supply issues, was also buoyed by a weak dollar as the greenback slid against most major currencies and saw yields rise for most U.S. Treasury bond issues as well. Markets jumped on continued optimism over the situation in Europe as investors cheered the result of a highly-anticipated government bond auction in Portugal. The [...] Click here to read the original article on ETFdb.com. Related Posts: December ETF Roundup: $1 Trillion And Counting Daily ETF Roundup: GDX Descends, UUP Rises Thursday’s ETF To Watch: Market Vectors Agribusiness ETF (MOO) Daily ETF Roundup: UNG Tumbles, MOO Jumps Higher Daily ETF Roundup: EWZ Bounces Back, UUP Slides