TradingMarkets 7 ETFs You Need to Know for Tuesday
Is an overdue pullback at hand? With the major equity index exchange-traded funds (ETFs) moving back toward the lows of the day on Monday, sellers have been most aggressive in the consumer discretionary and basic materials sectors. Internationally, country ETFs from Europe to Asia are following the lead of the U.S. markets in pulling back.
Here are 7 ETFs You Need to Know for Tuesday.
Selling off after rallying for four consecutive trading days were consumer discretionary ETFs like the Consumer Discretionary Select Sector SPDRS ETF
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Down more than 1% on Monday was the SPDR Gold Shares ETF
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Among the most-widely traded Asian country ETFs, the biggest pullback is in the iShares FTSE/Xinhua China 25 ETF
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A one-day dip into oversold territory above the 200-day moving average was enough for bond ETFs like the iShares iBoxx Investment Grade Corporate Bond ETF
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Strength in the U.S. Dollar meant lower prices for both the Euro and the British pound. Pulling back on Monday were the CurrencyShares Euro Trust ETF
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PowerRating). For the FXB, Monday’s decline represents the second in a row.
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