Chip ETFs Pop As New Apple IPhones Loom; China Spikes

Otmane El Rhazi from Investor's Business Daily - ETFs RSS.

Chip-stock ETFs surged Tuesday ahead of Apple 's (AAPL) reveal of new iPhones, leading a broad rally in the U.S. stock market after last week's pummeling. Exchange traded funds tracking major indexes recovered somewhat from their second-worst weekly decline of 2015. Meanwhile, China ETFs spiked as much as 13%, with weak export data buoying investors' hopes of fresh stimulus measures. SPDR S&P Semiconductor (XSD) popped 3.6% on the stock market