Investor unease over the rise in weekly jobless claims was apparent Thursday morning as exchange traded funds (ETFs) following CBOE Volatility Index futures moved higher.
The $1.4 billion iPath S&P 500 VIX Short-Term Futures ETN (NYSEArca: VXX) added 2% in the early going. A leveraged exchange traded note, VelocityShares Daily 2x VIX Short-Term ETN (NYSEArca: TVIX), was up more than 3%. [VIX ETFs Rise to End Week.]
In U.S. stocks, the Dow was down 100 points and equity ETFs followed lower after weekly jobless claims came in higher than expected.
ProShares VIX Short-Term Futures ETF (NYSEArca: VIXY)
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