Daily ETF Roundup: EWZ Soars, JJC Falls
August 31, 2010 at 17:41 PM EDT
After slumping to start the day, equity markets stayed in positive territory only to fall back after the FOMC minutes were released in the final hour of trading. While stocks may have finished the day where they started, bonds and commodities experienced a more volatile day with yields on government debt once again plunging as the 10 year note sank below 2.5% and the 2 year fell below 0.5%. Meanwhile, precious metals continued their ascent with gold finishing the day just under $1,250 oz. and silver rising to $19.3/oz. Oil was not as lucky; prices of crude for October delivery fell by almost $3/bbl., or close to 4%. Today’s rocky session was thanks in large part to the minutes released by the Federal Reserve regarding the last policy meeting. The minutes said the Fed panel agreed it would “need to consider steps it could take to provide additional policy stimulus tools [...] Click here to read the original article on ETFdb.com. Related Stories: Daily ETF Roundup: DBA Soars, XLV Falls Daily ETF Roundup: XLE Falls, GDX Soars Daily ETF Roundup: VXX Soars, FXI Falls