Friday ETF Wrap-Up: UNG Jumps, VXX Sinks
Michael Johnston submits:
Friday saw a flurry of activity ahead of the extended holiday weekend, as a highly-anticipated jobs report boosted investor confidence as the summer draws to a close. The U.S. economy lost 54,000 jobs in August but the private sector added 67,000 jobs, beating analyst estimates and giving Wall Street hope that a number of positive reports in recent weeks may reflect that the tide is finally turning in the U.S. Elsewhere, Bernanke told a panel that he had no options to prevent the failure of Lehman in 2008 while Samsung rolled out a tablet computer to rival the iPad.
In commodity markets, gold eased back from near-record levels and crude slid lower after a report showing that growth in the U.S. service sector slowed last month.
