Daily ETF Roundup: GDX Tumbles, UNG Marches Higher

By: ETFdb
Equity markets stayed flat in much of Tuesday’s trading session with the Dow sneaking by with a gain and the S&P 500 and the Nasdaq both posting modest losses. However, despite the neutral nature of today’s equity markets, the 10 Year T-Bill finally broke back through the 3% barrier to finish the day at 3.05%. Commodity markets also struggled with oil and gold both falling close to 2% as the precious metal dropped close to $25/oz. in today’s trading. Today’s flat results came after consumer confidence fell in July to its lowest level since February due to consumers growing increasingly concerned about the weak job market and tepid economic growth levels. This bearish news was canceled out by several earnings reports which helped to boost the markets and keep most indexes even on the day. One of the day’s key reports came from DuPont which reported strong sales and boosted [...] Click here to read the original article on ETFdb.com. Related Stories: Daily ETF Roundup: VXX Continues Higher, VGK Tumbles Further Daily ETF Roundup: VXX Continues Higher, IWO Tumbles Daily ETF Roundup: UNG Tumbles, IYT Drives Higher
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