Daily ETF Roundup: UNG Jumps, VXX Falls
Today’s session was no barn-burner by any means, but at least we got to see major benchmarks finish in positive territory and snap a six day losing streak. The Dow squeezed out gains of 20 points while the S&P 500 jumped by about 0.3%. Markets were lifted upwards by better than expected jobless claims on the day, as investors hope to see hiring pick up for the month of May after a disappointing result for last month. But while stocks were able to conjure up a decent day, commodities faced harsher behavior [see also The Cheapest Actively Managed ETFs]. Unlike equity benchmarks, crude oil was unable to alleviate its own six day losing streak, as the fossil fuel finished just barely down on the day. Analysts and investors are highly speculative as to whether or not the commodity is sitting at a low, or if it has a long ways [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: UNG Pops, VXX Drops Daily ETF Roundup: UNG Bounces Back, VXX Tumbles Daily ETF Roundup: UNG Rises Ahead Of Storage Data, VXX Loses 50% For The Year Seven Surprising ETF Performance Comparisons Daily ETF Roundup: VXX Spikes After Fed Minutes, UNG Down On Strong Dollar
Today’s session was no barn-burner by any means, but at least we got to see major benchmarks finish in positive territory and snap a six day losing streak. The Dow squeezed out gains of 20 points while the S&P 500 jumped by about 0.3%. Markets were lifted upwards by better than expected jobless claims on the day, as investors hope to see hiring pick up for the month of May after a disappointing result for last month. But while stocks were able to conjure up a decent day, commodities faced harsher behavior [see also The Cheapest Actively Managed ETFs]. Unlike equity benchmarks, crude oil was unable to alleviate its own six day losing streak, as the fossil fuel finished just barely down on the day. Analysts and investors are highly speculative as to whether or not the commodity is sitting at a low, or if it has a long ways [...]

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

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