ETF Trends
ETF Trends

A late bounce in the SPDR S&P 500 ETF (NYSEArca: SPY) wasn’t enough to salvage Friday as the exchange traded fund (ETF) closed with a 0.4% loss. A government shutdown appeared likely as lawmakers in Washington seemed unable to reach a compromise over the U.S. budget late Friday.

In commodities markets, U.S. Oil Fund (NYSEArca: USO) rose nearly 3% as crude futures topped $113 a barrel.

The big story in metals markets Friday was the rally in silver that pushed futures well over $40 an ounce.

The iShares Silver Trust (NYSEArca: SLV) added nearly 3%. The ETF’s silver-bullion holdings rose to record levels this week, while the metal’s strength also lifted silver-miner funds.

The iShares MSCI Japan Index Fund (NYSEArca: EWJ) rose about 2% in U.S. trading Friday after the Nikkei Stock Average closed higher in Japan.

An exchange traded fund (ETF) following the dollar’s movements fell nearly 1% on Friday to a fresh 52-week low.

PowerShares DB US Dollar Bullish Fund (NYSEArca: UUP)

For full disclosure, Tom Lydon’s clients own SLV.

The opinions and forecasts expressed herein are solely those of John Spence, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.