Tuesday ETF Wrap-Up: DBA Falls, EPP Rises
Wednesday, March 24th, 2010ETF Database submits:
Equity markets trended higher on Tuesday as major indexes finished the day up nearly 1%. The Dow finished up more than 100 points to put the benchmark at a fresh 17-month high, as component Caterpillar (CAT) soared higher by over 4%. This continues a remarkable rally that has seen the index move higher in 10 of the last 12 sessions. “The recent uptick has been more a function of less bad news rather than a lot of good news,” said Dean Barber, president at Barber Financial Group in an article for CNN Money.
The ETFdb 60 Index, a benchmark measuring the performance of asset classes available through ETFs, added 4.33 points, or 0.4%, in its second consecutive winning session. Winners outnumbered losers by more than three-to-one.
