Markets

Gold ETFs Fall, But Bonds Rise, As U.S., Foreign Stock Indexes Drop

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Major stock index ETFs fell early Tuesday, pulled lower by weak Chinese factory data and a retreat by European stocks.

Gold prices opened higher but reversed lower.

"A feature in the marketplace is the rally in gold prices to a 15-month high this week," said Kitco senior technical analyst Jim Wyckoff. "News reports said Monday's price action saw the largest daily money inflow to the gold ETF, SPDR Gold Trust ( GLD ), in five years."

IShares 20+ Year Treasury Bond ( TLT ) was up 1.54%. It carries an IBD Relative Strength Rating of 60, higher than SPDR S&P 500's ( SPY ) 55 and PowerShares QQQ's ( QQQ ) 38. The rating measures performance over the past 12 months relative to all other stocks and ETFs tracked by IBD.

The broader iShares Core U.S. Aggregate Bond ETF ( AGG ) was up 0.3%.

11 Bellwether ETFs

Here's a look at how the major exchange-traded funds tracking various asset classes were performing today.

Following daily ETF market action can be key to successful investing:

SPDR S&P 500 ( SPY ), -0.9%, RS 55

PowerShares QQQ ( QQQ ), -0.9%, RS 38

SPDR Dow Jones Industrial Average ( DIA ), -0.9%, RS 63

IShares Core S&P Mid-Cap ( IJH ), -1.3%, RS 63

IShares Russell 2000 ( IWM ), -1.4%, RS 51

IShares MSCI EAFE ( EFA ), -1.3%, RS 38

Vanguard FTSE Emerging Markets ( VWO ), -2.2%, RS 41

SPDR Gold Shares ( GLD ), +0.4%, RS 85

IShares Core U.S. Aggregate Bond ( AGG ), +0.3%, RS 51

PowerShares DB U.S.$ Bullish ( UUP ), -0.1%, RS 28

IPath S&P 500 VIX Short-Term Futures ( VXX ), +4.2%, RS 11

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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