Wednesday ETF Roundup: IYT Surges, BLV Sinks

ETF Database submits:

Concerns over the health of the global economy subsided as investors bought up equities across the board ahead of the Thanksgiving Holiday on Thursday. The Dow rose by 151 points while the S&P 500 and the Nasdaq jumped by 1.5% and 1.9%, respectively. While these moves offered a nice pre-holiday boost to many investors’ portfolios, they were nothing compared to moves in the commodity and bond markets. Although gold was relatively flat on the day, crude posted 3.5% gain to finish the session above the $84/bbl. mark while Treasury bonds suffered severe losses that sent yields surging across most maturity levels. The medium part of the curve experienced the biggest move as five, seven, and ten year Bonds saw their yields all jump by at least 0.14% on the day.

Equity markets rose today as investors shrugged off the tensions on the Korean peninsula as the two nations refrained from trading any more

By admin posted about 1 year ago

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