Daily ETF Roundup: TIP Soars On Risk Aversion, GDX Falls On Earnings And CapEx Fears

Wall Street finished this rocky trading week like it started, as all of the major benchmarks finished the day well off of the session’s highs. The Dow fell by 0.8% while the S&P 500 sank by 0.7% and the Nasdaq tumbled by just 0.4% in comparison, as weakness in the GDP report combined with gloom over the debt ceiling debacle to cause many traders to flee risky assets. Meanwhile, in commodity markets, gold finished higher by nearly $11/oz. to come within a few dollars of its all-time high thanks to continued uncertainty over the American economy. Unfortunately, this trend had the opposite impact on oil as the vital commodity finished the day below the $96/bbl. level, down more than 1.5%. Softs also plunged on the day as all of the grains finished the week lower led by a nearly 2.6% loss in both corn and Chicago wheat, although industrial metals and most [...] Click here to read the original article on ETFdb.com. Related Posts: Inflation-Fighting ETFs Back In Focus Three ETFs to Watch This Week: EIS, TIP, GDX IndexIQ Launches Two Inflation Protected ETFs Discussing The PIMCO Total Return ETF (TRXT) With Todd Rosenbluth Three ETFs To Watch This Week: GDX, PPA, EPU