ETF Trends
ETF Trends

Stock exchange traded funds were off to a bullish start Tuesday as the Dow rallied 100 points and the euro strengthened versus the dollar before Greek austerity votes. Europe’s debt crisis continued to simmer.

Upbeat earnings and a 7% rally from Nike (NYSE: NKE) lifted consumer discretionary ETFs, and the Nasdaq-100 PowerShares QQQ (NasdaqGM: QQQ) rallied 1% along with top component Apple (NasdaqGS: AAPL). [ETF Spotlight: Consumer Discretionary]

Gold ETFs were slightly higher while futures traded above $1,500 an ounce after reports on U.S. home prices and consumer confidence. [Gold ETFs Steady]

In currencies, a Swiss franc ETF rallied to a fresh record high Tuesday. [Swiss Franc ETF]

In sector ETFs, utilities have held up relatively well in the market pullback, suggesting investors are in a defensive posture. [Utilities ETFs]

PowerShares QQQ

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.