Friday’s ETF Chart To Watch: PowerShares DB USD Index Bullish (UUP)

Domestic equity indexes snapped their ugly loosing streak for the week after positive economic data paved the way higher for stocks. The Dow Jones Industrial Average led the way higher with a modest 0.38% gain, while the Nasdaq lagged behind, clinching a 0.07% gain on the day. Better-than-expected jobless claims data along with an upbeat manufacturing report gave way to the bulls on Wall Street to reclaim some lost ground, following the rampant selling pressures that have been plaguing equity markets all week. Gold edged a bit lower following yesterday’s nasty sell-off; futures prices for the precious yellow metal closed near $1,570 an ounce as the trading session drew to a close. Investors will shift their attention to Wall Street later today as U.S. consumer price index data is released. The PowerShares DB USD Index Bullish (UUP) is our ETF to watch for the day as it may experience an [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: UUP Surges On Weak Euro, VGK Slaughtered On Shaky Deal ETF Insider: Stay On The Defense ETF Insider: Investors Shopping For Hope Wednesday’s ETF To Watch: PowerShares DB USD Index Bullish (UUP) 10 Strange But True Facts About The ETF Industry