U.S. Treasuries have also been outperforming. Over the past month, the iShares 7-10 Year Treasury Bond ETF (NYSEArca: IEF) gained 2.1% and iShares 20+ Year Treasury Bond ETF (NYSEArca: TLT) rose 7.7%. U.S. government debt is attracting safe-haven demand. Furthermore, given China’s aggressive currency moves, traders cut back expectations for a Federal Reserve rate hike in September, supporting fixed-income assets. [Imminent Rate Hikes? These ETFs say Otherwise]
While the S&P 500 Index briefly dipped below its 200-day moving average, U.S. markets pared earlier loses in late day trading, with financials leading the eight sectors lower while energy and utilities lead market gains.
Market Vectors Junior Gold Miners ETF
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Max Chen contributed to this article.