Best/Worst Daily ETF Returns
Best/Worst Daily ETF Returns: UNG Drops 5.36%
July 09, 2012
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The United States Natural Gas Fund (NYSEArca: UNG) was the worst-performing ETF Friday July 6, dropping 5.36 percent as the market in general gave in to renewed concerns that economic growth both here and abroad might be slower than expected. The latest bill of health on the U.S. economy came courtesy of the U.S. Labor Department, which reported Friday that only 80,000 new jobs were created in June, a number that disappointed the prevailing market expectations going into the report. The country’s unemployment rate was left unchanged at 8.2 percent. The Dow Jones industrial average fell 124.20 points on the jobs report, or 1 percent, to close at 12,772.47 Friday. The disappointing data also helped send oil prices lower for a second day, as sluggish economic growth doesn’t necessarily bode well for energy demand. NYMEX crude oil futures for August delivery dropped $2.77, or 3.2 percent, to $84.45 a barrel. The Teucrium Natural Gas Fund (NYSEArca: NAGS) and the United States 12 Month Natural Gas Fund (NYSEArca: UNL) were also among the day’s bottom performers, shedding 4.1 percent and 3.7 percent of value, respectively. On the flip side, the SPDR S&P International Consumer Discretionary ETF (NYSEArca: IPD) was the best-performing ETF Friday, tagging on gains of 3.33 percent amid thin trading volume. The iShares Dow Jones U.S. Home Construction Index Fund (NYSEArca: ITB) rose 1.66 percent Friday, as nearly 3 million shares of the fund traded hands. ITB now has $851.4 million in assets.
Bottom 10 1-Day Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges. |
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