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    Wednesday ETF Roundup: VXX Jumps On Greek Concerns, GLD Creeps Lower

    Thu, 02/09/2012 - 06:08 EDT - Seeking Alpha
    • GLD
    • Stoyan Bojinov
    • VXX

    By Stoyan Bojinov:Stock markets had a whirlwind of a day as indexes fluctuated between gains and losses amidst the looming Greek debt negotiations, ultimately closing in shallow green territory. On the home front, the Nasdaq charged ahead, gaining 0.41% on the day, while the Dow Jones Industrial Average just barely pulled off a win, settling 0.04% higher on the day. Crude oil prices were also quite volatile, hitting a high of $100.09 a barrel in the morning, only to settle lower near the $99 level as the trading session drew to a close [see also Doomsday Special: 7 Hard Asset Investments You Can Hold In Your Hand].
    With no major economic data releases on the home front today, equity markets took cues from overseas. Switzerland’s unemployment rate came in unchanged at 3.1%, while Germany’s trade balance took a bit of a hit. The trade balance account for the exporting-behemoth came in atComplete Story »

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    • 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.

    • Wednesday ETF Roundup: GDX Rises With Gold, VXX Creeps Lower

      By Stoyan Bojinov:Equity markets took investors for a roller-coaster ride Wednesday as selling pressures in the morning were eventually overturned by bullish fever in the afternoon. On Wall Street, the Nasdaq charged ahead, gaining 0.39% on the day, while the Dow Jones Industrial Average just barely missed the green, settling 0.05% lower as the trading session drew to a close.

    • 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.

    • Thursday ETF Roundup: XLF Jumps On U.S. Data, GLD Slumps On Profit Taking

      By Stoyan Bojinov:Equity markets charged higher on Thursday, recouping losses from yesterday, as optimism swept over Wall Street following better-than-expected jobless claims data. The Nasdaq and the S&P 500 Index tied, both gaining 0.83% on the day, while the Dow Jones Industrial Average lagged behind, clinching gains of 0.51%.

    • Tuesday ETF Roundup: XLK Leads The Rebound, VXX Sinks Lower

      By Stoyan Bojinov:Equity markets staged a ferocious rebound today following Monday’s dismal sell-off. Investors brushed aside worse-than-expected economic data on the home front, instead focusing on upbeat commentary from the International Monetary Fund (IMF) as well as a successful Spanish bond auction overseas. On Wall Street, the Nasdaq charged ahead, clinching gains of 1.82% on the day, while the Dow Jones Industrial Average just barely lagged behind, gaining 1.50% as the trading session drew to a close.

    • Daily ETF Roundup: XHB Rises With ISM Data, VXX Sinks Lower

      By Stoyan Bojinov:Equity benchmarks finally snapped their losing streak as investors rejoiced over better-than-expected economic data on the home front. The Nasdaq led the way higher for a second day in a row this week, gaining 0.66% as the session drew to a close, while the Dow Jones Industrial Average lagged behind, inching higher by 0.22% on the day.

    • Monday ETF Roundup: AMJ Bounces Higher, VXX Sinks Lower

      By Stoyan Bojinov:Stock markets got off to a bullish start as euphoria from last week spilled over while investors also cheered on Apple’s (AAPL) dividend announcement. After months of rumors and speculation, the Apple dividend is finally here.

    • 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.

    • Daily ETF Roundup: VXX Jumps, GDX Slumps

      By Stoyan Bojinov:Stocks oscillated between minor gains and losses on Wednesday following yesterday’s impressive rally on Wall Street. Domestic equity indexes drifted sideways with a bit of a downward bias for most of the trading session as economic news were sparse. The Dow Jones Industrial Average was able to finish in green territory, clinching a 0.12% gain on the day, while the S&P 500 slipped into negative territory, shedding 0.12% as the closing bell rang.

    • Monday ETF Roundup: EWY Leads Sell Off, VXX Soars Thanks To Uncertainty

      By Stoyan Bojinov:Equity markets around the globe plunged lower as ongoing eurozone debt woes continue to weigh down on investor’s confidence, while the resurfacing deficit drama in the U.S. only added to the growing cloud of uncertainty. The Dow Jones Industrial Average led the way lower, plunging 2.11% on the day, while the S&P 500 was the most resilient of the domestic equity indexes, shedding 1.87%. Profit taking was abundant across every corner of the market and even gold failed to take on safe haven appeal.

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