TradingMarkets 7 ETFs You Need to Know for Thursday
Strength in materials stocks was most apparent on Wednesday, as technology stocks pulled back from intraday highs. Bond ETFs, which had been pulling back in recent days, managed to rally from their intraday lows.
Here are 7 ETFs You Need to Know for Thursday.
Dollar strength was blamed for weak earnings and earnings forecasts in a number of companies from Costco
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Advancing for a third consecutive session was the Materials Select Sector SPDRS ETF, XLB
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Conversely, the ProShares UltraShort Basic Materials ETF, SMN
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On the commodities front, precious metals continue to outperform the agricultural commodities. If you think this trend is likely to continue, the iShares Silver Trust ETF, SLV
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A number of bond ETFs are continuing to pull back toward their 200-day moving averages including the iShares Barlcays 20+ Year Treasury Bond ETF, TLT
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