ETF Trends
ETF Trends

A 2% rally in Alcoa (NYSE: AA) shares on takeover speculation lessened the pain Tuesday in a roughly $10 billion exchange traded fund (ETF) indexed to the Dow Jones Industrial Average.

Dow component Alcoa jumped 2% and bullish options activity rose on talk Rio Tinto Group may make a bid for the aluminum giant.

SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) was down 0.3% in the last hour of trading Tuesday but fell less than the Nasdaq and S&P 500.

Trading volume in Alcoa shares was above average Tuesday as the stock was among the most active on the NYSE.

SPDR Dow Jones Industrial Average ETF

The opinions and forecasts expressed herein are solely those of John Spence, 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.