Daily ETF Roundup: XLE Surges, XHB Tumbles

Despite ongoing worries across much of the Middle East and a surging price for crude oil , American equity markets trended higher in Monday trading. The broad S&P 500 led the way on the upside, posting gains of 0.8% compared to a 0.6% jump in the Dow and a 0.5% rise in the tech-heavy Nasdaq. Oil markets were the main focus as traders bid up the price of the important commodity in light of ongoing tensions in Egypt, pushing the price of oil up close to $3/bbl or roughly 3.1% in the trading session. A variety of other commodities also surged on the day as the U.S. dollar slumped, pushing everything from livestock to grains higher for the session. One of the biggest ETF gainers on the day was the Energy Select Sector SPDR (XLE) which rose by 2.8% during Monday trading. Energy firms were boosted by a robust report from [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: XLE Rises, JJC Sinks Wednesday’s ETF To Watch: SPDR Homebuilders ETF (XHB) Daily ETF Roundup: UNG Slides, XLE Rises Oklahoma ETF, Texas ETF To Shut Down Five Ultra-Concentrated ETFs