ETF Trends
ETF Trends

A dramatic reversal in the Nasdaq-100 on Thursday carried PowerShares QQQ (NasdaqGM: QQQ) to a gain but top holding Oracle (NasdaqGS: ORCL) fell 5% after hours following its earnings report.

The Nasdaq exchange traded fund closed with a nearly 1% advance for the session thanks to a late-day bounce and strength in Apple (NasdaqGS: AAPL). [Nasdaq Hangs Tough]

The S&P 500 finished in the red Thursday but managed to hold at a key technical level. Talk of a new bailout for Greece helped fuel an afternoon ramp in stocks. [Stock ETFs Back for Test of 200-Day Average]

The dollar strengthened on Thursday, one day after the Federal Reserve cut its economic forecast. [Dollar ETF Could be ‘Tell’]

An exchange traded fund tracking the closely-watched Dow Jones Transportation Average has been turned away this week at its 50-day moving average, despite strength in top holding FedEx (NYSE: FDX). [Transportation ETF Rolls Over]

Oil prices fell about 3% on Thursday after the International Energy Agency said it would release stocks from its strategic oil reserve. [Energy ETFs Hit Oil Slick]

Precious metals ETFs also lost ground in Thursday’s volatile market. SPDR Gold Shares (NYSEArca: GLD) fell about 2% while iShares Silver Trust (NYSEArca: SLV) retreated 3%.

U.S. Oil Fund (NYSEArca: USO)

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.