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Daily ETF Roundup: DBA Rises, EWZ Sinks

By: ETFdb
After trending higher in the first hour of trading, equity markets slumped back to breakeven before falling back into negative territory to end the day. The Dow and S&P 500 both finished the session off by 0.4% while the Nasdaq posted a much steeper loss of 0.9% thanks to weakness in the tech sector. Commodities also fell with oil continuing its slide below the $73/bbl. mark and gold slipping as well. Traders apparently continued their push into the U.S. Treasury market; prices rose and bond yields fell to 2.6% on the 10 Year and 0.49% on the Two Year. Equity markets initially appeared to be off to a good start in the early part of the day, boosted by ongoing optimism in the form of M&A activity; BHP continued its push for Potash and Dell and Hewlett-Packard entered into a bidding war for data-storage firm 3Par. But this optimism was overshadowed [...] Click here to read the original article on ETFdb.com. Related Stories: Daily ETF Roundup: UNG Sinks, MOO Rises Daily ETF Roundup: UNG Sinks, EWZ Rises Daily ETF Roundup: GDX Sinks, EWZ Rises
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