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Tuesday ETF Roundup: VXX Falls on Market Surge, VNQ Soars on Thirst for Yield

Published Tue, 09 Aug 2011 19:24:33 -0400 on Seeking Alpha

Tuesday was yet another roller coaster ride for markets as equities rose modestly to start the day, fell immediately following the FOMC statement, only to surge higher to close out the volatile session with multi-percentage point gains. The Dow finished the day higher by 430 points, a nearly 4% gain, while the S&P 500 and the Nasdaq posted even more robust gains of 4.7% and 5.3%, respectively. Commodity markets were also volatile on the day, as gold continued to surge, finishing around the $1,740/oz. mark, while oil, which at one point fell all the way to $75.71 in Asian trading, closed the session at the $80.5 mark, a loss of about 1.0%. Other commodities were more mixed, as silver crashed by nearly 5.1% but copper gained close to 2.3%, while softs and other energy commodities finished the day close to breakeven for the most part. Treasury bonds and currency markets... Read more