Daily ETF Roundup: UNG Sinks On High Inventories, BLV Rises On Bond Boost

After solid performances earlier in the week, U.S. equity markets tumbled in Thursday trading thanks to weakness in the health care sector and a surprise increase in jobless claims. The Dow sank by 24 points on the session while the S&P 500 and the Nasdaq both fell by two points on the day. Commodities reversed their recent trend by sliding as well; gold and oil were both down about 0.8% while soft commodities, such as orange juice and cotton, led on the downside with losses exceeding 2.6%. These moves lower came despite further weakness in the greenback, as the U.S. dollar index shed 1.1% thanks to a nearly two cent loss against the euro. American stocks also experienced weakness thanks to Merck, a Dow component that shed more than 6.6% on the day after it was forced to discontinue a study on its blood thinning drug Vorapaxar. Many analysts had developed [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: BLV Sinks, UNG Surges Daily ETF Roundup: BLV Soars, UNG Sinks Daily ETF Roundup: UNG Surges On Weather, IYZ Tumbles On Increased Competition Daily ETF Roundup: UNG Tumbles, MOO Jumps Higher Best ETF Performers Of 2010: Winners For Every ETFdb Category