Daily ETF Roundup: DBB Falls, UNG Finally Surges Higher

American equity markets plunged in Monday trading as higher oil prices and a series of downgrades in the technology sector pushed all of the major indexes sharply lower. The Dow, which at one point was up almost 70 points on the day, finished the session down by 80 points, while the broader indexes posted more significant losses of 0.8% for the S&P 500 and 1.4% for the tech-heavy Nasdaq. Commodity markets again rose across the board as oil prices gained more than one dollar a barrel and precious metals also gained; gold was up more than $5/oz. while silver approached the $36/oz. level in Monday trading. Meanwhile, Treasury and currency markets were more mixed as the dollar held firm against the world’s major currencies while yields rose by a few basis points on most maturity levels of U.S. debt. One of the biggest losers in the ETFdb 60 was the [...] Click here to read the original article on ETFdb.com. Related Posts: “Optimum Yield” ETFs: A Contango-Free Alternative? February ETF Flows: Commodities Are Hot, Emerging Markets Are Not Daily ETF Roundup: UNG Continues Remarkable Slide, EWZ Surges On Petrobras Strength Daily ETF Roundup: VXX Jumps On Middle East Tensions, UNG Slides Despite Crude’s Surge February ETF Roundup: Launches, Filings, and Closures