Daily ETF Roundup: DBA Soars, XLV Falls

After staying flat for much of the trading session, equity markets fell in the final hour to finish the day lower. The Dow reported modest losses of 0.4% while the S&P 500 and the Nasdaq showed steeper losses of 0.7% and 1% respectively. Commodities finished the day flat as investors bought up T-Bills and pushed the yield back down to the 3% mark on the 10 year note. This flight to quality came after the Fed released its Beige Book in which it reported modest gains across all 12 of the Federal Reserve districts. “Manufacturing activity continued to expand in most districts, although several districts reported that activity had slowed or leveled off during the reporting period,” the Fed said in the report. While, manufacturing and industrials had been some of the strongest sectors of the economy, it now appears as if that strength may be waning as durable goods [...] Click here to read the original article on ETFdb.com. Related Stories: Daily ETF Roundup: GDX Soars, EWZ Falls Daily ETF Roundup: VXX Soars, VNQ Falls Daily ETF Roundup: JJC Jumps, UNG Falls