Home > Market Set Up > Stocks Close Marginally Lower (SPY, QQQQ, GLD, USO, TLT, UUP)

Stocks Close Marginally Lower (SPY, QQQQ, GLD, USO, TLT, UUP)

After remaining in positive territory for much of Monday’s session, the Dow Jones Industrial Average weakened in the last 10 minutes of trading to close 5 points lower at 10,138.52. The Dow traded in a range between 10,101 and 10,202.

The SPDR S&P 500 ETF (NYSE: SPY) finished 0.31% lower at $107.53. Volume was much lower than the three month average. Around 167 million SPY shares traded hands compared to a 3 month average of over 262 million.

The PowerShares QQQ Trust ETF (NASDAQ: QQQQ), which tracks the performance of the Nasdaq 100, closed 0.38% lower at $45.10. Year to date, the tech heavy ETF has declined 1.42% after registering large gains earlier in 2010.

Gold fell in a volatile trading session on Monday. COMEX gold futures are currently trading at $1,239.5 an ounce. The SPDR Gold Trust ETF (NYSE: GLD) hit an all time high of $123.56 in morning trading, before pulling back sharply. On the day, the GLD declined 1.36% to $121.09. Volume was heavier than usual.

Oil declined today as well, as NYMEX crude futures fell $0.82 to $78.04. The United States Oil Fund ETF (NYSE: USO) lost 1.26% to finish at $35.21.

Treasury prices moved higher on Monday, sending yields even lower. The iShares Lehman 20+ Year Treasury Bond ETF (NYSE: TLT) jumped 0.94% to $99.98. The 52 week high in the TLT is within reach at $100.31. The yield on the 10-year bond is now at an ultra low 3.02%.

The U.S. Dollar notched gains today as well. The PowerShares DB US Dollar Index Bullish ETF (NYSE: UUP , which tracks the performance of the dollar against a basket of foreign currencies, climbed 0.52% to $24.96. The closely watched EUR/USD pair is currently trading at $1.2278


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