Major U.S. index ETFs jabbed higher Wednesday, rallying after a two-day rout as Chinese markets calmed and domestic data showed jobs and productivity gains. In late morning trade, ETFs tracking the S&P 500 index rose enough to trim their losses from their 52-week highs to under 10%. That level is widely seen as the threshold for a correction. SPDR S&P 500 (SPY) popped 0.7%, with technology leading the sectors higher and utilities the greatest
Wednesday 2 September 2015
Chip, Biotech ETFs, Gutted In August, Lead Relief Rally
Otmane El Rhazi from Investor's Business Daily - ETFs RSS.
Major U.S. index ETFs jabbed higher Wednesday, rallying after a two-day rout as Chinese markets calmed and domestic data showed jobs and productivity gains. In late morning trade, ETFs tracking the S&P 500 index rose enough to trim their losses from their 52-week highs to under 10%. That level is widely seen as the threshold for a correction. SPDR S&P 500 (SPY) popped 0.7%, with technology leading the sectors higher and utilities the greatest
Major U.S. index ETFs jabbed higher Wednesday, rallying after a two-day rout as Chinese markets calmed and domestic data showed jobs and productivity gains. In late morning trade, ETFs tracking the S&P 500 index rose enough to trim their losses from their 52-week highs to under 10%. That level is widely seen as the threshold for a correction. SPDR S&P 500 (SPY) popped 0.7%, with technology leading the sectors higher and utilities the greatest
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