TradingMarkets 7 ETFs You Need to Know for Tuesday
Regional banks and homebuilders were among the winners on Monday, with surprisingly strong new home sales reported at the beginning of the week. Sectors and markets pulling back included energy shares as well as stock markets in emerging markets.
Here are 7 ETFs You Need to Know for Tuesday.
Trading in the KBW Regional Banking SPDRS, KRE
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Falling by more than 5% on Monday was the iShares FTSE/Xinhua 25 Index ETF, FXI
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PowerRating). FXI gapped down at the open, creating most of the fund’s losses early as the ETF was little changed over the course of the trading day.
Although still trading above both its 5- and 200-day moving averages, the ProSharse UltraShort Technology ETF, REW
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Early strength in the S&P Homebuilders Index Fund SPDRS, XHB
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Up for a second session in a row was the iShares Dow Jones U.S. Telecom Index exchange-traded fund, IYZ
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After four days of declines, the Indonesia Fund, IF
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Soaring prices for agricultural commodities helped support the PowerShares DB Agricultural Index ETF, DBA
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PowerRating). Trading below its 200-day moving average, DBA is up for a third day in a row yet still trades below its 5-day moving average, as well.
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