Equity markets were mixed in Thursday's trading session as gains
in the consumer and health care space offset weakness in the broad
tech sector. Due to this, the Dow rose by about 0.2%, the S&P
500 added 0.3%, while the Nasdaq was lower by one point thanks to a
weak earnings report from Cisco which saw the company slide by 10%
on the day.
In currency trading, the dollar was also flat, as the euro and
pound gained against the greenback while the dollar did strengthen
marginally against the yen and the Aussie dollar. Meanwhile, in
bond trading, short-term debt remained flat although investors did
moderate increases along the long-end of the curve. In this
segment, both 10-year and 30-year notes added three basis points of
yield in Thursday trading.
Commodity markets were, unsurprisingly, flat as well during
Thursday's session, although a few products did see volatile days.
Most oil and livestock products slumped while metals, natural gas,
and some softs added on the session. Seemingly, the biggest movers
came in the corn and cotton markets as these two commodities fell
by, respectively, 3.3% and 4.7% on the day (see the
Comprehensive Guide To Utility ETF Investing
In the ETF trading world, activity returned to normal in many
products as interest died down after European events temporarily
faded from the headlines. Volume came in below average in the major
equity and commodity products, although there was still some high
levels of interest in bond, international, and sector markets in
In particular, investors saw a big day in the
iShares Dow Jones US Oil & Gas Exploration &
Production ETF (
during Thursday trading. The product usually sees volume of about
181,000 shares in a session but saw a spike to 544,000 during
today's trading (see
Play An Oil Bull With These Three Emerging Market
The vast majority of the trading took place during the first
hour of the session for this large cap focused product while the
volume slowed to a trickle in the afternoon segment of Thursday.
Nevertheless, the product was flat on another lukewarm day in the
oil markets as IEO added just 0.4% for the session.
SPDR MSCI ACWI ex-US ETF (
was a big mover as global ETF investing remained in the spotlight.
This product usually sees volume of about 187,000 shares a day but
today saw a spike to 1.26 million shares (read
Five Great Global ETFs For Complete Equity
Nearly all of that volume came at 1:49pm as a block of 1.21
million shares hit the wires and temporarily moved shares of CWI
higher by a few cents. The product soon fell back below this
purchase level, but was still higher than what investors saw in
Although the volume was certainly unusual, investors should note
that many other global ETFs saw outsized days as well. Most
products tracking the EAFE or broad all world ex-US segments saw
above average trading levels, but all paled in comparison to the
impressive volume block that was traded in CWI during the day.
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