ETF Trends
ETF Trends

Stock exchange traded funds hitched to the major indicators were lower Thursday after disappointing GDP data and an increase in weekly jobless claims. However, rallies in Tiffany (NYSE: TIF) and Guess (NYSE: GES) after quarterly earnings boosted retail sector ETFs.

Retail ETFs were higher Thursday as they caught a tailwind from gains in Tiffany and Guess shares after strong quarterly results. Tiffany shares rallied 6% on Thursday while Guess jumped 12%. [Guess, Tiffany Results Boost Retail ETFs]

A tech-heavy Nasdaq ETF saw action Thursday as a noted hedge-fund manager called for Microsoft’s (NasdaqGS: MSFT) chief executive to step down. Also, the Nasdaq-100 ETF is struggling with a key level that goes back to the dot-com wreck. [Nasdaq ETF Moves on Microsoft, Technicals]

Food exchange traded funds were flat Thursday along with HJ Heinz (NYSE: HNZ) shares as the company reported quarterly results and met with analysts and investors. [Food ETFs Stuck]

Silver ETFs were down about 2% on Thursday morning after rising the previous three days. The iShares Silver Trust (NYSEArca: SLV) slid 2% in premarket trade. The silver ETF ended Wednesday down 19.4% over the past month and with a 22.3% year-to-date gain, according to Morningstar. “Silver still looks expensive and we would caution that the market remains most vulnerable to swings in risk sentiment,” Credit Suisse said, according to a report from FastMarkets.com. [Silver ETFs Slip 2%]

See our preview of the GDP revision. [Stock ETFs Look to GDP Report]

Gregory A. Clay contributed to this article.

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.