Markets

ETFs Start Strong, Then Reverse Course

The markets opened with a nearly 100-point jump before stocks and exchange traded funds (ETFs) reversed course after the Fed sounded the alarm on rising oil prices.

  • BNO) has shot up 10.6% in just 10 days; today, it's up nearly 2%.
  • EGPT) up more than 3% in early trading.
  • SIL) up more than 1% in early trading.
  • The U.S. dollar strengthened this morning on the bullish manufacturing report, as well: PowerShares DB U.S. Dollar Bullish (NYSEArca: UUP) is tempering losses after months of trading lower.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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