ProShares Ultra Basic Materials (
ETF
) (NYSE:
UYM
) is trading lower today, along with the basic materials sector. Alcoa Inc. (NYSE:
AA
) and United States Steel Corporation (NYSE:
X
) are facing big pressure. Alcoa (
AA
) lost 2.5% and US Steel (
X
) dropped 3.45% so far. Silver prices are heading lower today, and so is ProShares Ultra Silver (
ETF
) (NYSE:
AGQ
). AGQ trades 4.6% down. Emerging markets are struggling today, causing Direxion Daily Emerging Markets Bull 3x Shares(
ETF
) (NYSE:
EDC
) to trade lower. EDC trades 3.24% down, and it has a volume of 1.74M. SPDR S&P Metals and Mining (
ETF
) (NYSE:
XME
) trades in the negative territory. It fell 3.45% on the weakness in the mining sector. Newmont Mining Corporation (NYSE:
NEM
) and Titanium Metals Corporation (NYSE:
TIE
) are both trading 3% down.
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