Daily ETF Roundup: CMF Sinks, DBA Soars

By: ETFdb
U.S. equity markets surged to start the week, as solid retail sales helped to boost optimism in the markets early in Monday trading. However, stocks eventually slumped and finished the day close to breakeven, as the Dow managed to gain just 0.1% while the S&P 500 lost 0.1% and the Nasdaq fell by 0.2%. Commodity markets were also mixed as gold slumped by $10/oz. and oil finished the day lower by 0.4%. Softs and grains managed to rebound as corn pulled ahead by 3.8% and sugar jumped higher by 3.1%. The big news was in the Treasury markets where yields continued their ascent higher despite the implementation of QE2; 10 Year Yields surged by 0.14% up to 2.92% while seven and five year debt yields moved higher by 0.14% and 0.17%, respectively. Today’s rocky session came at the hands of somewhat positive data showing that U.S. retail sales rose 1.2% in [...] Click here to read the original article on ETFdb.com. Related Stories: Daily ETF Roundup: UUP Sinks, UNG Soars Daily ETF Roundup: BWX Sinks, UNG Soars Daily ETF Roundup: GDX Soars, SCZ Sinks
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