Daily ETF Roundup: UNG Tumbles, EWZ Soars

After an initial sell-off, equity markets surged to finish the week sharply higher despite warnings from technology bellwether Intel and a bearish outlook from Fed Chair Ben Bernanke. The Dow jumped by 160 points, while the S&P 500 and the Nasdaq posted similarly robust gains; both finished the day up 1.7%. This jump helped to boost oil prices by more than $2/bbl, putting an end to crude’s recent skid. As equity markets regained some of their recent losses, bond markets suffered; the 10 year yield rose by 0.17% while the two year note also surged higher to finish the day yielding 0.56%. Despite a warning from Intel that sales will fall short of earlier forecasts, investors were reassured by the Fed’s pledge to increase its quantitative easing program and buy up long-term bonds and other assets in hopes of spurring the economy back to strong levels of growth. “Regardless of the [...] Click here to read the original article on ETFdb.com. Related Stories: Daily ETF Roundup: UNG Tumbles, GDX Soars Daily ETF Roundup: UNG Tumbles, VGK Soars Daily ETF Roundup: VXX Tumbles, IYT Soars