The rug was unceremoniously pulled out from under the bulls this past week as several key earnings misses and economic data surprises led to a muted decline in stocks.
The SPDR S&P 500 ETF Trust (NYSE: SPY) jostled lower for much of the week and continues to underscore the difficulty in forecasting price trends this year.
Social media stocks Twitter Inc (NYSE: TWTR), LinkedIn Corp (NYSE: LNKD) and Yelp Inc (NYSE: YELP) were all deeply discounted after releasing earnings results. Investors were disappointed with recent progress and forward guidance estimates, which prompted heavy selling across the board in this sector.
The following ETFs ...
/www.benzinga.com/trading-ideas/long-ideas/15/05/5468401/the-best-and-worst-etfs-of-last-week-amid-social-medias-colla alt=The Best (And Worst) ETFs Of Last Week Amid Social Media's Collapse>Full story available on Benzinga.com
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