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    Daily ETF Roundup: DBB Gains On Data, UNG Sinks On Supply

    Fri, 03/02/2012 - 02:33 EDT - Seeking Alpha
    • DBB
    • Stoyan Bojinov
    • UNG

    By Stoyan Bojinov:Equities held onto gains throughout Thursday’s trading session despite a cornucopia of mixed economic data releases on the home front. The Nasdaq continued its rise into multi-year highs territory, gaining 0.74% on the day, while the Dow Jones Industrial Average lagged behind, inching higher by only 0.22%. Gold prices bounced back slightly following yesterday’s brutal sell-off; futures prices for the precious yellow metal settled near $1,720 an ounce as the trading session drew to a close. The worse-than-expected news included slight decreases in ISM manufacturing data and construction spending. Investors instead focused on the positives; jobless claims came in at 351,000 versus the previous figure of 353,000, while consumer spending increased by 0.2% versus last month’s flat reading. Crude oil prices rallied alongside bullish momentum on Wall Street; futures prices for the fossil fuel hit a multi-month high of $110.55 a barrel, settling just below the $109 level as theComplete Story »

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    • Daily ETF Roundup: IYT Soars On Data, VXX Inches Lower

      By Stoyan Bojinov:The bull train continues to roll full steam ahead as broad equity indexes managed to finish the trading session in green territory. The Dow Jones Industrial Average extended gains for the 7th consecutive session; the blue chip index gained 0.44% on the day, while the S&P 500 Index came out slightly ahead, tacking on a 0.60% gain.

    • Monday ETF Roundup: VNQ Runs Higher, FXI Slips On Data

      By Stoyan Bojinov:Stocks are off to a shaky start this week as investors digested discouraging economic growth expectations from China. The Asian behemoth cut its growth goal down to 7.5%, previously at 8%, which inevitably caused concerns that spilled over onto Wall Street. The Nasdaq led the way lower, shedding 0.86% on the day, while the Dow Jones Industrial Average held its ground best, losing only 0.11%. Gold prices regained a bit of lost ground as equities inched lower.

    • Thursday ETF Roundup: GDX Pops, VXX Drops

      By Stoyan Bojinov:Equity markets soared into green territory as investors rejoiced over encouraging economic data on Wall Street, while developments in the Euro zone also helped to ease lingering uncertainties stemming from Greece. On the home front, the Nasdaq led the way higher, gaining an impressive 1.51% on the day, while the Dow Jones Industrial Average lagged behind, inching higher by o.96%.

    • Wednesday ETF Roundup: XHB Pops On Data, VXX Drops As Stocks Rally

      By Stoyan Bojinov:Bullish momentum extended into Wednesday as investors rejoiced over encouraging earnings and economic data on the home front. The Nasdaq led the way higher, soaring 1.53% on the day, while the Dow Jones Industrial Average lagged behind, clinching a gain of 0.78%.

    • Tuesday ETF Roundup: VGK Soars As Berlusconi Resigns, VXX Tumbles

      By Michael Johnston: By Stoyan Bojinov

    • Daily ETF Roundup: GLD Soars After Greek Deal, XHB Drops Ahead Of Data

      By Stoyan Bojinov:Equity markets started off the week on a mixed note, soaring higher after the opening bell only to succumb to broad-based profit taking pressures as the trading session drew to a close. On the home front, the Dow Jones Industrial Average led the way higher, gaining 0.12% on the day, although it failed to close above resistance at the key 13,000 mark. The Nasdaq encountered some headwinds throughout the day, ultimately closing in red territory, down 0.11% for the day.

    • Tuesday ETF Roundup: VGK Bolstered By Debt Negotiations, UNG Continues To Sink

      By Stoyan Bojinov:Stocks endured yet another bumpy trading session as indexes oscillated between gains and losses for most of the day thanks to mixed economic developments. On the home front, Exxon Mobil (XOM) posted strong quarterly earnings, although lackluster home prices data overshadowed the energy giant’s profits.

    • Thursday ETF Roundup: TAN Shines, XHB Sinks

      By Stoyan Bojinov:Equities started the day in green territory and gave into selling pressures throughout the day as investors digested less-than-stellar economic and earnings reports. The S&P 500 sat at the bottom of the barrel, clinching a 0.58% loss on the day, while the Dow Jones Industrial Average proved to be most resilient, finishing with a minor 0.18% loss. Gold extended its rally from yesterday as investors were prompted to reallocate assets to safer corners of the market amidst the disappointing data releases.

    • Thursday ETF Roundup: IYT Jumps As Confidence Improves, UNG Continues Plunge

      By Stoyan Bojinov:The tug of war between the bulls and bears continues on Wall Street as investors digested yet another plateful of mixed earnings results coupled with encouraging economic data. The Nasdaq remains at the front of the pack for the week, gaining 0.67% on the day, while the Dow Jones Industrial Average lagged behind, clinching gains of 0.36%. Euphoria across equity markets created headwinds for the U.S. dollar for a third day in a row this week, which has helped beat down commodity prices to edge higher.

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      By Stoyan Bojinov:Thursday was a mixed day for the markets as bearish pressures in the morning were overturned thanks to positive employment data on the home front. The Nasdaq led the way higher, clinching gains of 0.81% on the day, while the Dow Jones Industrial Average lagged behind in red territory, shedding 0.02%. Gold continued its ascent for the fourth consecutive day this week and futures prices for the precious yellow metal settled near $1,620 an ounce as the trading session drew to a close.

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