Technology Pulls Ahead

After starting the year in line with the overall market, technology stocks began pulling ahead in February and are now in positive territory for the year. The technology heavy PowerShares QQQ (QQQQ) is up over 4% year to date through April 3 while the SPDR S&P 500 (SPY) is down nearly 9% over the same time period.

ETF Assets Fall in Line with Market

ETF industry assets fell $97 billion or 16.7% in October, in line with the 16.7% decline in the S&P 500 for the month.

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