Tuesday ETF Roundup: GDX Sinks, EWZ Rises
Tuesday, March 9th, 2010ETF Database submits:
On the one year anniversary of the market bottom, most major markets finished the day flat. Financial stocks were mostly higher after rumors surfaced out of D.C. that the government would ban short-sales on companies in which the government owned a stake. This rumor helped to send financial firms such as AIG and Fannie Mae (FNM) and Freddie Mac (FRE) higher. Meanwhile, most commodities were lower as a stronger dollar weighed on precious metals and sent oil down more than $1.60 in Tuesday trading.
The ETFdb 60 Index inched up 1.03 points, or 0.1%, to close at 1,041.44 on the day. In moderate trading, winners outnumbered losers by nearly two-to-one. The ETFdb 60 is now up 0.7% on the year.
