Best/Worst Daily ETF Returns
Best/Worst Daily ETF Returns: BAL Jumps 3.82%
July 16, 2012
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The iPath Dow Jones UBS-Cotton Total Return ETN (NYSEArca: BAL) was the best-performing fund Friday, July 13, tagging on gains of 3.82 percent after China’s quarterly GDP announcement eased concerns surrounding demand for commodities. China is the world’s largest consumer of many raw materials, including cotton. Friday, the country pegged its second-quarter GDP at 7.6 percent, meeting the prevailing market expectation and putting to rest concerns that the slowdown in that economy could prove worse than many anticipated. Still, among the top-10 performers Friday, the bulk of the trading action took place in the Financial Select SPDR ETF (NYSEArca: XLF), which rallied 2.76 percent on the day, with nearly 78 million shares trading hands. XLF benefited from strong bank earnings reports coming from the likes of J.P. Morgan Chase and Wells Fargo, which helped push the overall stock market to its first positive closing in more than a week. The Dow Jones industrial average closed 203.82 points higher, or 1.6 percent, at 12,777.09. Friday’s price action helped put the index just above water for the week, ending the day with weekly gains of 0.04 percent. On the flip side, the United States Metals Index Fund (NYSEArca: USMI) bled 13.4 percent of value in light trading. The IQ South Korea Small Cap ETF (NYSEArca: SKOR), which will be shuttered on Aug. 17, was also among the day’s bottom performers, giving up 1.85 percent.
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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