Stock ETFs traded higher on Tuesday and were poised to end a four-day losing streak as Temple-Inland (NYSE: TIN) rallied 40% following a takeover bid while Talbots (NYSE: TLB) plunged by a similar percentage after disappointing quarterly earnings.
Exchange traded funds that invest in timber and forestry stocks rose Tuesday in the wake of International Paper’s (NYSE: IP) unsolicited bid for Temple-Inland. [Timber ETFs Climb]
A retail sector ETF rose Tuesday despite the sell-off in shares of holdings Talbots and Pep Boys (NYSE: PBY). [Retail ETF Weakens]
Exchange traded funds tracking U.S. stocks and the dollar have tended to move in opposite directions during the credit flameout and stimulus-fueled recovery, with many equity rallies coming at the greenback’s expense. However, some analysts have pointed out that the dollar and stocks have both moved lower in recent weeks. This could be a troubling trend, because a similar pattern developed before the market tanked in 2008. [Stock, Dollar ETFs Fall Together]