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Daily ETF Roundup: Bulls Return On Encouraging Labor Data

February 01, 2013 | Filed Under » ,
Tickers in this Article » DIA, QQQ, SPY, TECL, TUR
The bulls charged ahead on Wall Street today, starting off the month of February with bang. Encouraging U.S. data sent the Dow Jones Industrial Average rallying past the psychologically important 14000 threshold for the first time since 2007. Sparking the rally was an uplifting jobs report from the Labor Department, which stated that U.S. employers added 157,000 jobs in January. Though this figure was below the 166,000 estimate and aseparatesurvey showed the unemployment rate rising to 7.9% from 7.8% in December, investors clung on to the good news after being hammered with sour economic and earnings news throughout the week .

Global Market Overview:Bulls Return On Encouraging Labor Data

Boosted by today's labor report, all three major U.S. equity indexes closed in positive territory. TheDow Jones Industrial Average ETF logged in a 0.96% gain, with its underlying index closing at 14009.79. The S&P500 ETF rallied 1.03%, whilethetech-heavy Nasdaq ETF jumped 1.18%. In Europe, markets were mostly higher after Markit's euro-zone purchasing managers' index contracted at the slowest rate in almost a year. Asian equities were also broadly higher following strong Chinese manufacturing data and a further weakening yen. China's Shanghai Composite Index popped 1.4%, while Japan's Nikkei Stock Average inched 0.5%.

Bond ETF Roundup

U.S. Treasury prices were lower today following positive manufacturing, consumer sentiment, and labor data. Yields on 10-year notes rose more than 4 basis points, while 30-year bond yields jumped over 6 basis points. Yields on 5-year notes rose only 1 basis point .

Commodity Roundup

Natural gas futures dropped 1.05% today after a report indicated a smaller-than-expected decline in stockpiles. Meanwhile, gold held onto gains, closing above $1,670. In other metals, prices for silver and copper rose 1.54% and 1.33%, respectively.

ETF Chart Of The Day #1:

The Daily Technology Bull 3x Shares was one of the best performers today, gaining 3.61% during the session. Alongside a broad-market rally, this leveraged ETF gapped significantly higher at the open only to push higher throughout the day. TECL eventually settled near its high of $52.75 a share .

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ETF Chart Of The Day #2:

The MSCI Turkey Investable Market Index Fund also had a strong performance today, gaining 2.50% during the session. As investors piled into riskier corners of the market, this ETF gapped significantly higher at the open. TUR edged higher throughout the day, eventually settling at $69.31 share .

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ETF Fun Fact Of The Day

The best-performing themed strategy over the trailing one-week period has been theEnergy Bull ETFdb Portfolio,which has gained 1.3%.

Disclosure: No positions at time of writing.

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