Tech ETFs to Avoid as Amazon Tanks – and Two to Buy Instead
October 31, 2014 at 17:24 PM EDT
Amazon.com Inc. (Nasdaq: AMZN) stock has had a dismal 2014, down 24.1%. Now, AMZN isn't just hurting shareholders, it's also weighing heavily on some tech ETFs. While AMZN has been falling all year, the Dow Jones Industrial Average is up 4.7%. The Nasdaq and S&P 500 are up 10.8% and 8.9% in 2014. As AMZN continues its 2014 slide, investors can avoid the tech ETFs that invest heavily in the e-commerce giant. In fact, there's a competitor to Amazon that's boosting tech ETFs now. The post Tech ETFs to Avoid as Amazon Tanks – and Two to Buy Instead appeared first on Money Morning - Only the News You Can Profit From .