May 08, 2012 at 18:00 PM EDT
Daily ETF Roundup: UNG Spikes Higher, GDX Sinks With Gold
Equity markets took cues from overseas today as Greek elections stole the headlines, forcing investors to brush aside a pair of encouraging economic data releases on the home front. Profit taking pressures took hold of the market right from the opening bell, although major indexes did manage to regain a lot of lost ground by the end of the day. On Wall Street, the Dow Jones Industrial Average led the way lower, sinking 0.59% on the day, whereas the Nasdaq proved most resilient, losing 0.39% on the day [see ETF Insider: Cautiously Bullish At Home]. Euro zone debt drama is the talk of the town once again, and as such, domestic data reports are likely to be overlooked. On the home front, the NFIB small business index came in better-than-expected, along with news of 3.74 million job openings in March versus the previous reading of 3.57 million. Political tensions stemming from Greece ignited demand for safe haven [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: GDX Jumps With Gold, UNG Sinks With Oil Seven Surprising ETF Performance Comparisons Daily ETF Roundup: UNG Surges On Production Cuts, GDX Slips On Gold’s Weakness Daily ETF Roundup: UNG Jumps On Chinese Demand, GDX Tumbles As Gold Loses Daily ETF Roundup: UNG Tumbles On Mild Weather, GDX Continues Surge On Demand
Equity markets took cues from overseas today as Greek elections stole the headlines, forcing investors to brush aside a pair of encouraging economic data releases on the home front. Profit taking pressures took hold of the market right from the opening bell, although major indexes did manage to regain a lot of lost ground by the end of the day. On Wall Street, the Dow Jones Industrial Average led the way lower, sinking 0.59% on the day, whereas the Nasdaq proved most resilient, losing 0.39% on the day [see ETF Insider: Cautiously Bullish At Home]. Euro zone debt drama is the talk of the town once again, and as such, domestic data reports are likely to be overlooked. On the home front, the NFIB small business index came in better-than-expected, along with news of 3.74 million job openings in March versus the previous reading of 3.57 million. Political tensions stemming from Greece ignited demand for safe haven [...]

Click here to read the original article on ETFdb.com.

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