Stocks Rise In Broad Market Rally (SPY, QQQ, GLD, USO, TLT, UUP)

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The major averages rose once again on Tuesday as traders and investors appear to be discounting the troubling global headlines and aggressively adding risk to their portfolios. The Dow Jones Industrial Average added 81 points to close at 12,279. The widely watched blue-chip average traded in a range between 12,173 and 12,285. The SPDR S&P 500 ETF
SPY
gained 0.67% to finish at $131.86. Volume was on the light side with around 126.4 million SPY shares trading hands compared to a 3-month daily average of 164.3 million. The PowerShares QQQ Trust ETF
QQQ
, which tracks the performance of the Nasdaq 100, surged 0.97% to $57.08. Volume was around two thirds of the 3-month daily average on the QQQ, which recently changed its ticker symbol from QQQQ. Gold was very moderately lower on the session, but continues to trade above $1,400. COMEX gold futures lost around 0.15% to $1,419.10. The SPDR Gold Trust ETF
GLD
shed 0.24% to $138.21 on the New York Stock Exchange. Crude Oil rose throughout Tuesday's trading session. NYMEX crude futures added 0.77% to $104.78. The United States Oil Fund ETF
USO
climbed 1% to $41.83 on the NYSE. Long-term Treasuries fell as risk-appetite ruled the day. The iShares Barclays 20+ Year Treasury Bond ETF
TLT
shed 0.77% to $91.59. The yield on the 10-Year Note rose 5.8 basis points to 3.49%. The U.S. Dollar hugged the flatline throughout the day. The PowerShares DB US Dollar Index Bullish ETF
UUP
, which tracks the performance of the greenback versus a basket of foreign currencies, lost 0.05% to $21.85. The closely watched EUR/USD pair is currently trading at $1.4108, as the Euro appears to be completely impervious to the sovereign debt problems of some of the EU's constituents.
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Posted In: Broad U.S. Equity ETFsCurrency ETFsIntraday UpdateMoversETFs
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