Major U.S. index ETFs wobbled Wednesday, opening high for the second consecutive day but paring gains as investors weighed overseas action and Fed comments on rate normalization. Stock ETFs pulled back after a top Federal Reserve official described a September rate hike as "less compelling" now. PowerShares QQQ (QQQ), tracking the tech-laden Nasdaq composite index, popped 2.3% to 100.25 intraday. Among its top 25 stocks, Google (GOOG), Amazon
Wednesday 26 August 2015
These ETFs Are Wobbling On China, Fed Moves
Otmane El Rhazi from Investor's Business Daily - ETFs RSS.
Major U.S. index ETFs wobbled Wednesday, opening high for the second consecutive day but paring gains as investors weighed overseas action and Fed comments on rate normalization. Stock ETFs pulled back after a top Federal Reserve official described a September rate hike as "less compelling" now. PowerShares QQQ (QQQ), tracking the tech-laden Nasdaq composite index, popped 2.3% to 100.25 intraday. Among its top 25 stocks, Google (GOOG), Amazon
Major U.S. index ETFs wobbled Wednesday, opening high for the second consecutive day but paring gains as investors weighed overseas action and Fed comments on rate normalization. Stock ETFs pulled back after a top Federal Reserve official described a September rate hike as "less compelling" now. PowerShares QQQ (QQQ), tracking the tech-laden Nasdaq composite index, popped 2.3% to 100.25 intraday. Among its top 25 stocks, Google (GOOG), Amazon
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