ETF Trends
ETF Trends

As we reported Friday in our weekly Market Update newsletter, most of the major indexes and the exchange traded funds (ETFs) that track them were down: The Dow Jones industrial average ended the week down 0.6%. The S&P 500 lost 1.8% and fell below its long-term trend line (200-day moving average). The Nasdaq lost 2% and the Russell 2000 small-cap index was down 1.6%.

Today it appeared as if the indexes were making up for Friday’s losses. The Dow Jones industrial average increased 286 points, which is its biggest single-session point gain since Oct. 2002 and its largest percentage gain since 2003, according to Tim Paradis for the Associated Press.

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For full disclosure, some of Tom Lydon’s clients own DIA.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.