TradingMarkets 7 ETFs You Need to Know for Wednesday
Although basic materials were early leaders, financial stocks increasingly moved toward center stage on a day when the Federal Reserve Board lowered its target rate to historic lows.
Here are 7 ETFs You Need to Know for Wednesday.
Financial stocks were among the biggest beneficiaries of the Fed’s decision to lower its target rate to a “target range” between 0% and 0.25%. This means big moves in financial-related exchange-traded funds like the Financial Select Sector SPDRS, XLF
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Helping lead stocks higher early in the day on Tuesday were chemical companies, specifically chemical fertilizer companies. Many of these companies were upgraded by Merrill Lynch
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Renewed buying in consumer discretionary or consumer cyclicals stocks was reflected in the upward movement in exchange-traded funds like the Consumer Discretionary Select Sector SPDRS, XLY
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Continuing to rally since making a low in early December, the Gold Shares SPDRS, GLD
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