Daily ETF Roundup: UNG Slides, EWZ Soars

U.S. equity markets finished flat to start the week as conflicting data once again left traders with little conviction over how the economy will perform in the near future. While the Dow finished in the red by one point, both the S&P 500 and the Nasdaq managed to finish in positive territory. However, the big winner on the day was the safe haven investments; gold surged higher by $10/oz. and Treasury bills continued their ascent higher, pushing yields to near-historic levels. The Ten-year note yield fell by 10 basis points and the 2 year note yield slumped to just half a percent, suggesting that investors are willing to store assets in these ultra-low yielding securities in order to avoid the ongoing market turmoil. Data that came out earlier today certainly helped to confirm the gloominess in the markets; Japan’s economy grew by just 0.1% in the previous quarter, well below [...] Click here to read the original article on ETFdb.com. Related Stories: Daily ETF Roundup: FAA Soars, UNG Slides Daily ETF Roundup: UNG Slides, GDX Rises Daily ETF Roundup: GDX Slides, UNG Surges