Daily ETF Roundup: VXX Jumps On Middle East Tensions, UNG Slides Despite Crude’s Surge

By: ETFdb
March got off to an extremely rough start in the equity markets as fears over the Middle East continued to weigh on stocks across the board. The Dow, buoyed by some of the larger energy names, finished the day down 1.4% compared to a slightly more dramatic 1.6% loss for both the Nasdaq and the S&P 500. Commodity markets on the other hand continued their recent surge as gold finished higher by 1.8% and WTI crude jumped above the $100/bbl mark to post a 3.6% gain on the day. Most other commodities finished the day marginally higher as well although energy products were a clear winner while livestock was a loser across the board. Unquestionably, the main focus of the market in today’s session was the rising tensions in the Middle East and their impact on crude oil prices. As the situation continues to deteriorate in Libya, a variety of [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: UNG Surges Higher, VXX Tumbles Ten Worst Performing ETFs Of 2010 Daily ETF Roundup: UNG Tumbles, VXX Soars Daily ETF Roundup: UNG Sinks, VXX Rises Daily ETF Roundup: VXX Sinks, UNG Soars
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