Daily ETF Roundup: XLE Rises, JJC Sinks

Markets tumbled in the early part of Friday’s session before recouping much of their losses to close out the first week of January. Both the Dow and the S&P 500 slid by 0.2% while the Nasdaq fell by 0.3% on the day thanks to a lower than expected increase in jobs for December 2010. Commodity markets continued their recent weakness as gold fell marginally, oil finished the day flat, and most grains tumbled back from their recent highs. Currency markets remained relatively mixed as Treasury markets saw inflows that helped to push down yields across the spectrum including a drop from 0.68% to 0.6% on the two year yield. Undoubtedly the biggest story on the day was the jobs report which disappointed economists who had forecast a much more robust increase in employment for the month of December. The Labor Department showed an increase in employment of 103,000, far less than [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: EWJ Slides, JJC Continues Climb Daily ETF Roundup: JJC Continues Climb, EWZ Slides Supply Issues, Hoarding Report Send Copper ETFs Soaring Daily ETF Roundup: JJC Sinks, UUP Trends Higher Daily ETF Roundup: UUP Tumbles, JJC Continues Higher