Nasdaq, Technology Sector ETFs Are Underperforming
Technology stocks and sector-related exchange traded funds lagged the equities market on Thursday as investors rotate out of the growth style and a stronger dollar crimps the sector's outlook. The PowerShares QQQ (NasdaqGM: QQQ), which tracks the tech heavy Nasdaq-100 Index, dropped 1.6% Thursday while the Technology Select Sector SPDR (NYSEArca: XLK) fell 2.0%. Over… Click to read more at ETFtrends.com.
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