Wednesday ETF Roundup: VGK Soars On Greek Hopes, GDX Falls On Demand For Risk

U.S. equity markets started the day on a weak note thanks to troubles in Europe, but surged in the final few hours of trading on hopes of a solution in Greece. The Dow finished the day up by 1.3% while the broader indexes posted better performances, gaining 1.4% for the S&P 500 and 1.6% for the Nasdaq. Commodities, on the other hand, largely finished the day down as gold’s safe haven appeal declined, sending the precious metal below the $1,825/oz. level while oil fell off its recent highs, sinking by about 1.8% in comparison. Softs were more mixed on the day as many grains rebounded from yesterday’s slump while livestock products finished in the green pretty much across the board.
For the full story and charts go to the link below.
http://seekingalpha.com/article/293733-wednesday-etf-roundup-vgk-soars-on-greek-hopes-gdx-falls-on-demand-for-risk