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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