May 30, 2008 at 2:02 pm by Tom Lydon
Overall, May wasn’t a bad month for exchange traded fund (ETF) investors, but the economy still faces some hurdles. Two of the major indexes finished higher while the Dow Jones industrial average lost 1.4%. The S&P 500 was up 1.1% and the Nasdaq gained 4.6%.
The high cost of oil and gas continued to strain consumer confidence, however, and a report was issued today that showed sentiment was at a 28-year low. Although oil pulled back from its record above $135 a barrel to close at $127.35, it’s still cutting into spending and has people wondered about prices rising further during the summer travel season.
The strongest ETFs for the month were:
- Market Vectors Russia (RSX), up 17.6%
- SPDR S&P Metals & Mining (XME), up 14.9%
- United States Gasoline (UGA), up 14.6%
Click here to review the full ETF performance report.
For full disclosure, some of Tom Lydon’s clients own RSX.
Tags | Dow Jones Industrial Average, Energy, Gas, Metals, NASDAQ, Oil, Russia, S&P 500
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June 5th, 2008 at 8:57 pm
ETF Performance Reports are a great asset to this site. Consider a spreadsheet format for sort capabiliy.