Industrial ETFs Rebound After ‘Carnage’
August 01, 2011 at 09:48 AM EDT
Exchange traded funds that track the industrial sector bounced Monday on enthusiasm over the U.S. debt deal after selling off hard last week. “Carnage best describes the Industrial Select Sector SPDR Fund (NYSEArca: XLI) as it seemingly collapses though both the 200-day exponential moving average...