Daily ETF Roundup: UNG Soars, MUB Tumbles

By: ETFdb
Wall Street started off the holiday-shortened week on a mixed note as a stronger U.S. dollar weighed on a variety of asset classes. Despite a stronger greenback, both the S&P 500 and the Nasdaq managed to post gains of 0.3% while the Dow slid marginally, posting a 0.1% loss. Commodities, an asset class usually crushed by a strong dollar, also saw broad strength as softs, metals, and energy all posted solid days, especially considering the lack of truly bullish news. While the day was relatively void of market moving events, some ongoing issues helped to move certain sectors. Fears over a Federal Reserve plan to cut debit-card interchange fees once again weighed on American Express as analysts at Stifel Nicolaus cut their rating on the company from buy to hold, pushing down shares of the blue chip giant by more than 6% on the day. Meanwhile, the dollar continued to gain [...] Click here to read the original article on ETFdb.com. Related Stories: Daily ETF Roundup: UNG Tumbles, VXX Soars Daily ETF Roundup: GDX Soars, BLV Tumbles Daily ETF Roundup: BLV Tumbles, EPP Soars
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