Daily ETF Roundup: UNG Continues Remarkable Slide, EWZ Surges On Petrobras Strength

Despite surging prices for oil, U.S. equity markets managed to finish the day slightly higher as positive data on the employment front pushed some traders into stocks. The Dow finished ahead by 8 points while the S&P 500 managed to gain 0.2%, but both gains paled compared to the 0.4% surge posted in the Nasdaq as semiconductors and Yahoo! helped to carry the tech-heavy index higher for the day. Once again commodities broadly advanced during the session as gold hit another record–finishing the day at $1,435/oz.–and WTI crude surged by another $2.7/bbl. to close above the $102 mark. This also caused a sell-off in the U.S. dollar, which declined by close to half a percent against its major rivals while traders also headed for the exits in the Treasury market; yields were up across the board with the 10 year note finishing just below the 3.5% level. Conflicting reports throughout [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: UNG Tumbles, EWZ Soars Daily ETF Roundup: UNG Soars, EWZ Tumbles Daily ETF Roundup: UNG Tumbles, EWZ Surges Daily ETF Roundup: UNG Jumps, EWZ Falls Daily ETF Roundup: UNG Tumbles, EWZ Soars