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)
