Major stock exchange traded funds finished Monday’s session little changed despite a spate of merger news and a weaker dollar.
SPDR S&P 500 ETF (NYSEArca: SPY) closed flat, while PowerShares DB US Dollar Bullish (NYSEArca: UUP), an ETF tracking the greenback’s movement against a basket of currencies, fell 0.5%.
Metals ETFs also pulled back on Monday as iShares Silver Trust (NYSEArca: SLV) dropped nearly 4% and SPDR Gold Shares (NYSEArca: GLD) fell 1%.
Tom Lydon appeared on CNBC’s “Squawk on the Street” to discuss the overall metals market and where he sees opportunities for metal-related ETFs. [Tom Lydon on Metals Markets]
Exchange traded funds that invest in U.S. small-cap and microcap stocks got a boost Monday from rallies in Timberland (NYSE: TBL), Graham Packaging (NYSE: GRM), Ness Technologies (NasdaqGS: NSTC), M&F Worldwide (NYSE: MFW) and other undersized companies. M&A news drove several of the stocks. [Small and Microcap ETFs Rise]