The iShares MSCI Spain (NYSEArca:EWP) and the iShares MSCI Italy
(NYSEArca:EWI) were among the best-performing ETFs Monday, June 4,
amid growing hopes that Germany might mellow its stance enough to
spearhead efforts to help save the two financially troubled
Both Spain and Italy, along with Greece, are at the center of
the debt woes that have threatened the viability of the eurozone,
and by many measures have been considered too big to be saved. But
the market now seems increasingly hopeful that Germany and the
European Central Bank could step in to help.
EWP, which has already given up nearly 27 percent of its value
year-to-date, gained 4.4 percent Monday, while EWI tagged on 3.11
percent on the day. EWI is now 14.6 percent lower since the
beginning of the year.
Natural gas ETFs were also net gainers Monday, continuing to
stage a bit of a recovery from what have been sharp losses
recently, as the market prices in a still-worsening global economic
outlook that would not bode well for demand moving forward.
The United States Natural Gas Fund (NYSEArca:UNG) rose 4.3
percent on the day, while the United States 12 Month Natural Gas
Fund (NYSEArca:UNL) rose 2.4 percent. UNG still remains about a
third off its value coming into the year.
All in all, the Dow Jones industrial average ended a choppy
session marginally lower, giving up 17.11 points to end the day at
The iShares Dow Jones U.S. Home Construction ETF (NYSEArca:ITB)
was one of the worst-performing ETFs on Monday, shedding 4.2
percent as 3.73 million shares traded hands.
Concerns about joblessness in the U.S. and a growing sentiment
that the domestic economy might be poised for some slower growth
ahead are hurting stocks.
That possibility was most recently evidenced by the latest
Commerce Department U.S. factory orders report that showed orders
for U.S.-produced goods dropped 0.6 percent in April rather than
climbing slightly as expected. Such softness casts a shadow on
The Pax MSCI North American ESG (NYSEArca:NASI) dropped 4.8
percent on the day, while the Elements Credit Suisse Global Warming
ETN (NYSEArca:GWO) shed 6.1 percent in value.
Top 10 1-Day Performers, Excluding Leverage/Inverse Funds
and 'lt;1,000 Shares Traded
Bottom 10 1-Day Performers, Excluding Leverage/Inverse
Funds and 'lt;1,000 Shares Traded
||AUM ($, mm)
||iShares MSCI Spain
||United States Natural Gas
||iShares MSCI Italy
||iPath U.S. Treasury Steepener ETN
||United States 12 Month Natural Gas
||iShares MSCI Russia Capped
||EGShares Consumer Goods GEMS
||EGShares India Small Cap
||iShares MSCI-Europe Financials
||WisdomTree Australia & New Zealand Debt
||AUM ($, mm)
||C-Tracks Exchange-Traded Notes on the Citi
||ELEMENTS Credit Suisse Global Warming ETN
||Pax MSCI North American ESG
||Global X NASDAQ 500
||Market Vectors Solar Energy
||ETRACS Wells Fargo MLP ETN
||ProShares VIX Short-Term
||iShares Dow Jones U.S. Home Construction
||VelocityShares VIX Short Term ETN
Disclaimer:All data as of 6 a.m. Eastern time the date the
article is published. Data is believed to be accurate; however,
transient market data is often subject to subsequent revision and
correction by the exchanges.
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