TradingMarkets 7 ETFs You Need to Know for Friday
While financial stocks were among the main beneficiaries of Thursday’s rally, emerging markets around the world have also been dramatically higher, boosting exchange-traded funds linked to markets as diverse as Hong Kong and Mexico. Pullbacks were in evidence across the spectrum of short and leveraged short ETFs, including those based on the Nasdaq 100 and S&P 500.
Here are 7 ETFs You Need to Know for Friday.
The ProShares UltraShort Financials exchange-traded fund, SKF
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Conversely, the ProShares Ultra Financials ETF, UYG
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Higher by more than 5% on Thursday was the iShares MSCI Emerging Markets Index exchange-traded fund, EEM
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Among those emerging markets moving higher on Thursday was that of Mexico, as reflected in the 4% advance of the iShares Mexico Index Fund, EWW
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Traders looking to take bets against the market’s advance will find both the ProShares UltraShort QQQ, QID
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After four days of declines from overbought conditions below the 200-day moving average, the Select Energy Sector SPDRS, XLE
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