April 08, 2008 at 6:00 am by Tom Lydon
There was no rally in the first day of trading this week for stocks and exchange traded funds (ETFs) like the one last week, in which the Dow Jones industrial average skyrocketed nearly 400 points.
At the start of the day yesterday, stocks went higher, then shifted to flat and mixed. It’s earnings season, and as the numbers come in, it could create some interesting movements in the market. Right now, Wall Street is proceeding with caution while they wait, says the Associated Press. On top of that, they’re also waiting for the Federal Reserve to issue minutes from its March meeting today.
The top-performing ETFs in trading yesterday were:
- iPath DJ AIG Natural Gas ETN (GAZ), up 5%
- MACROshares Oil Up Tradeable Shares (UCR), up 4.7%
- United States Natural Gas (UNG), up 4.5%
- SPA MarketGrader200 (SNB), up 3.8%
Tags | Dow Jones Industrial Average, Energy, ETNs, Federal Reserve, Gas, Natural Gas, Oil, UNG
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