TradingMarkets 7 ETFs You Need to Know for Thursday
Aggressive monetary action by the Federal Reserve helped put a boost into already rallying sectors like the financials. Meanwhile, recession-proof sectors like consumer staples saw the biggest selling.
Here are 7 ETFs You Need to Know for Thursday.
Bond ETFs soared as the Federal Open Market Committee (FOMC) announced that the Federal Reserve would buy up to $300 billion in longer-term Treasuries. The iShares Barclay 20+ Year Treasury Bond ETF
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Among the few sectors to move higher on Wednesday were financials, which followed Tuesday’s gains with additional upside. The rally in stocks like Bank of America
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Also moving higher out of the financial sector were insurance companies AFLAC
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Ending lower for a third day in a row was the ProShares UltraShort Basic Materials ETF
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A pullback in the recession trade has led to selling in the consumer staples sector, with food stocks like Kraft
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