U.S. equity markets surged higher, slashing into the severe losses from earlier in the week as good news from Intel (INTC) and Boeing (BA) helped to relieve some of the pressure and send shares soaring higher. The Dow rose by 62 points on the day while the S&P 500 and the Nasdaq boosted more robust gains of, respectively, 1.1% and 1.6%, as weakness in ExxonMobil (XOM) and Johnson & Johnson (JNJ) dragged down the performance of the DJIA. Commodity markets also rebounded across the board as soft and grain markets saw large price increases as well. Cotton, corn, soybeans and wheat all saw their prices rise by over 3.5% while more safe haven oriented commodities such as gold and silver declined to close out the week.
One of the biggest ETF winners on the day was the United States Natural Gas Fund (UNG) which surged higher by 3.5% in Friday
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Ashley Tappin Carmen Electra Amanda Marcum Leila Arcieri Kate Mara
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