Daily ETF Roundup: VXX Tumbles On Rising Market, XLV Jumps On Insurance Companies

U.S. equity markets started the week in the green as solid news from blue chips Caterpillar, Microsoft, and Wal-Mart helped to carry indexes higher in Monday trading. The Dow finished the day ahead by 0.6% while the broader indexes trailed the DJIA, gaining 0.5% each in comparison. Meanwhile, commodity markets rebounded again in Monday trading as the dollar weakened against many of its major rivals pushing gold higher by about $1/oz. and oil ahead by about 23 cents on the day. Soft commodities were more mixed on the session as sugar recorded a 3.3% surge while coffee tumbled by 2.5% on the day. Despite concern over the Greek situation, many investors chose to wait it out until more information was available on how the bailout would proceed or if Greece would reject another round of austerity measures. As a result, T-bills finished the session flat and the greenback was rangebound against many of [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: VXX Rises, XLV Sinks Daily ETF Roundup: VXX Slumps On Bailout Hopes, IYT Rises On Crude’s Decline UBS Unveils Natural Gas, Oil “Contango ETNs” Daily ETF Roundup: UNG Tumbles On EIA Report, VXX Continues Surge On Uncertainty Daily ETF Roundup: VGK Sinks On Greek Woes, VXX Skyrockets On Contagion Fears