Daily ETF Roundup: BLV Soars, VGK Tumbles

Despite yet another shaky start, U.S. equity markets managed to push higher throughout the day, climbing back up to breakeven levels to close out the week. Both the S&P 500 and the Nasdaq finished in positive territory, posting marginal gains while the Dow slid by a modest seven points on the day. Commodities also rose across the board as both gold and oil gained roughly 0.4% on the day and soft commodities again outpaced their more durable counterparts; sugar was up close to 5% while coffee gained 4% in Friday trading. Today’s biggest news came from Europe, where a large downgrade of Irish debt spooked the markets and further added to the woes from earlier in the week. Due to this downgrade and fears over a crisis brewing in both Spain and Portugal, many investors bought up precious metals and other safe havens such as T-Bills in order to weather the [...] Click here to read the original article on ETFdb.com. Related Stories: Daily ETF Roundup: VXX Tumbles, IWN Soars Daily ETF Roundup: UNG Tumbles, VXX Soars Daily ETF Roundup: BLV Tumbles, EPP Soars