ETF Outlook for Tuesday July 8, 2014
The major U.S. indices fell Monday to kick off the week in the red. The Dow lost 0.26 percent, but was able to hold above the 17,000 level. The high beta stocks underperformed, with the NASDAQ losing 0.77 percent as money flowed into the “boring” sectors of the market.
The market opened lower again Tuesday and more light volume selling could be the theme this week.
iShares Dow Jones Transportation Index ETF (NYSE: IYT)
The sector lagged the overall market Monday with a loss of 1.05 percent, led lower by the airline stocks. The selling Monday is no reason to panic as the ETF closed at a new all-time high to ...
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