ProShares Ultra Basic Materials (
ETF) (NYSE:
UYM) closed 3.43% lower today, along with basic materials stocks like Freeport-McMoRan Copper & Gold Inc. (NYSE:
FCX) and Nucor Corporation (NYSE:
NUE). FCX fell 4.18%, and NUE dropped 2.37% in today's trading session.
Market Vectors Steel (
ETF) (NYSE:
SLX) was also struggling today, just like Rio Tinto plc (ADR) (NYSE:
RTP) and Vale (ADR) (NYSE:
VALE). SLX fell 3.26%, while Rio Tinto (
RTP) and VALE dropped 2.90% and 4.14% respectively.
ProShares Trust ProShares Ultra DJ-UBS Crude Oil (NYSE:
UCO) fell 3.19%, as crude oil lost almost 2%. UCO closed at $9.40, and had a volume of 3.61M shares.
SPDR S&P Metals and Mining (
ETF) (NYSE:
XME) fell 3.12% and closed at $47.46. Its objective is to replicate total return performance of the S&P Metals and Mining Select Industry Index.
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