TradingMarkets 7 ETFs You Need to Know for Tuesday
Financials continue to be the leaders to the upside on Monday, as reflected by exchange-traded funds indexed to financial indexes. Energy and materials related ETFs continued to underperform, though many were off their intraday lows. Technology ETFs, particularly those with semiconductor exposure, were also among the exchange-traded funds moving higher on the first trading day of the week. Both Brazil and Latin America related funds were generally lower.
Here are 7 ETFs You Need to Know for Tuesday.
The small cap stocks of the Russell 2000 marked their second consecutive day of strong gains as seen in the rally in the iShares Russell 2000 Index fund, IWM
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PowerRating) on Monday.
The Semiconductor HOLDRS, SMH
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Failing to close above the highs of its 18-day consolidation range on Monday, the Select Financial Sector SPDRs, XLF
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consecutive day of days following last Thursday’s pullback.
The iShares Brazil Index Fund, EWZ
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PowerRating), which tested the March lows on an intraday basis.
Continuing to pullback, the ProShares UltraShort S&P 500 exchange-traded fund, SDS
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The Gold Trust SPDRs, GLD
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David Penn is Senior Editor at TradingMarkets.com.