Daily ETF Roundup: UNG Continues Slide, DBA Surges Higher

By: ETFdb
Although equity markets tumbled to start Thursday’s session, they soon rebounded to finish the day in the green across the board as rising oil prices allowed the energy sector to carry the broad markets to gains. The Dow and Nasdaq both rose by 0.2% while the broad S&P 500 gained 0.3% on the day thanks to robust performances from some of the smaller oil equipment and drilling firms. Meanwhile, commodity markets also gained on the day as gold hit its highest level in more than a month and oil gained close to $1.5/bbl. to finish just under the $86.5 mark. A number of other commodities also saw impressive trading days as well; corn and cotton both surged by more than 3% while coffee, wheat, and soybeans finished ahead by more than 2.5% as well. The main economic news in Thursday’s session came from government reports which showed that the economic [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: UNG Surges, DBA Sinks Daily ETF Roundup: UNG Plummets, DBA Soars Inside The Corn ETF (CORN) Corn ETF (CORN) Debuts “Optimum Yield” ETFs: A Contango-Free Alternative?
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