TradingMarkets 7 ETFs You Need to Know for Thursday
Stocks staged a dramatic intraday reversal after a coordinated rate cut by central bankers in the U.S., Europe and the U.K. failed to initially boost the markets.
Market index ETFs and sector funds in areas such as basic materials and technology, which had been extremely oversold, were among the biggest beneficiaries of midday buying.
Here are 7 ETFs You Need to Know for Thursday
Up more than 7%, the ProShares Ultra QQQ exchange traded fund, QLD
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The iShares MSCI Emerging Markets Index ETF, EEM
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Also moving higher after consecutive declines was the Select Basic Materials Sector SPDRS, XLB
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Still oversold, the iShares S&P Latin America 40 Index exchange traded fund, ILF
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The ProShares UltraShort Semiconductor ETF, SSG
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After five days of lower closes, the Oil Service HOLDRS, OIH
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