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Posted on 02/09/10 at 6:21pm by Craig Jones
The market bounced back after recent downturn and ETFs were there to follow. Commodity emerging market bull ETFs had the biggest gains today.
Direxion Daily Emerging Markets Bull 3x Shares(ETF) (NYSE: EDC) jumped 9.25% as the MSCI Emerging Markets Index performed really well today, on the news of a possible bailout for Greece.
Oil rallied on the weaker dollar and ProSharesUltra DJ-AIG Crude Oil (NYSE: UCO) added 6.18% as S&P GSCI Crude Oil Total Return Index recovered.
ProShares Ultra Basic Materials (ETF) (NYSE: UYM) gained 5.61% on the strength of The Dow Chemical Company (NYSE: DOW), which spiked 6.15%. Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) gained 3.44% and E.I. du Pont de Nemours & Company (NYSE: DD) added 2.14%.
Halliburton Company (NYSE: HAL) gained 3.49% today and lifted Direxion Daily Energy Bull 3X Shares(ETF)
(NYSE: ERX) 5.7% up. Schlumberger Limited (NYSE: SLB) had a successful trading session too, with an increase in price of 2.64%.
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