TradingMarkets 7 ETFs You Need to Know for Thursday

The popularity of exchange-traded funds continues to grow at an amazing pace. Fifteen years after the first ETFs appeared in the United States, exchange-traded funds are now among the most widely traded securities in the market.

Here are 7 ETFs You Need to Know for Thursday.

Reflecting a near-400 point drop in the Dow Jones Industrial Average on Wednesday, the Dow Diamonds exchange-traded fund, DIA
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was down more than 4%. One way traders are hedging against declines in the Dow 30 stocks is through inverse ETFs like the ProShares Short Dow 30 ETF, DOG
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.

Financials were the major laggards on Wednesday. The most widely traded financial-related ETF is the SPDRS Select Financial ETF, XLF
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Nearing its October highs, the ProShares UltraShort Basic Materials ETF, SMN
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was up more than 15% on Wednesday.

Not surprisingly, emerging markets ETFs were among those moving most aggressively lower. The iShares FTSE/Xinhua 25 ETF, FXI
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lost more than 8% on Wednesday. The India Fund, IFN
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was down more than 6%.

The announcement from Microsoft
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signaling that the acquisition talks were “done” with Yahoo
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, helped send traders out of technology stocks on Wednesday. The SPDRS Select Technology ETF, XLK
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closed lower for the third out of the past four sessions.

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