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Daily ETF Roundup: XLE Falls, GDX Soars

By: ETFdb
After a choppy Wednesday trading session, equity markets managed to finish in positive territory; the Nasdaq led the way on the upside with a gain of 0.3%. Treasury yields fell slightly as investors continued to buy up the bonds despite near-record low yields for these relatively safe securities. Commodity markets were mixed as oil fell half a percent but gold moved higher to finish the day at the $1,230/oz. mark. Today’s modest gains came after strong results out of retailers helped to boost Wall Street expectations about the consumer heading into the fall quarter. One of the key reports came from Target, which made up early losses to gain 2.7% as second quarter earnings rose 14%. Chico’s FAS, a woman’s clothing retailer, jumped 8.2% on second quarter profits that were more than double last year’s levels. This helped to boost the rest of the consumer discretionary sector and allowed the [...] Click here to read the original article on ETFdb.com. Related Stories: Daily ETF Roundup: VXX Soars, FXI Falls Daily ETF Roundup: GDX Soars, EWZ Falls Daily ETF Roundup: DBA Soars, XLV Falls
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