Markets enjoyed a strong rally on “Black Friday” as they look to make a run higher for the end of November. But broad indexes had a relatively slow open to the last week of the month, as there was little news to push equities one way or the other. The technology sector was among the strongest performers on the day, as popular stocks like Facebook (FB) and Apple (AAPL) surged 8.1% and 3.2% respectively. It was performances like these that allowed for the Nasdaq to be the only major benchmark to turn in a positive day [for more news and analysis subscribe to our free newsletter].
A Slow Cyber Monday
Today marked “Cyber Monday”, as it was so cleverly dubbed after the fact that many retailers offer enticing online specials and sales the Monday after Thanksgiving. But other that this pseudo-holiday, there wasn’t a whole lot to talk about. Both the SPDR S&P 500 ETF (SPY, A) and Dow Jones Industrial Average ETF (DIA, B) turned in narrow losses for the session, while the QQQ ETF (QQQ, A-) was able to gain a respectable 0.4% [see also 101 ETF Lessons Every Financial Advisor Should Learn].
Bond ETF Roundup
The bond space fared better than broad equities today, as all major categories (save junk bonds) were able to finish the day higher. The Barclays 20 Year Treasury Bond Fund (TLT, A-) outdid its fixed income counterparts, as it jumped nearly 0.5% for the “Cyber Monday” session.
Commodity ETF Roundup
The commodity space was relatively active on the day, as a number of these hard assets shot in different directions. Commodity performance have been under particular scrutiny as of late, as many fear that the slowing growth of emerging markets will cripple these crucial assets and their investors alike.
ETF Chart Of The Day #1: UNG
The United States Natural Gas Fund (UNG, B+) got slaughtered on the day as it dropped more than 3.5%. With the winter months approaching, many would expect NG prices to climb, but forecasts are calling for a warmer-than-average start to December, which will temper demand and prices alike. This ETF gapped significantly lower at the open and trended sideways for the remainder of the session.
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ETF Chart Of The Day #2: XLU
The Utilities Select Sector SPDR (XLU, A) has been on a downhill slope since Hurricane Sandy ravaged the east coast. But the fund saw a rare win today as it was able to soar more than 1.2% with a number investors likely buying in on what they felt was a discounted price [see 5 High-Yield, Low Volatility ETF Plays].
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ETF Fun Fact Of The Day
The best performing regional strategy from the trailing 13-week period is our Ex-U.S. Portfolio; this portfolio is up 5.5% as it seems that securities outside of the U.S. are trending higher.
Disclosure: No positions at time of writing.
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