Stock ETFs Down After Fed; Adobe, Intel Strain Nasdaq-100
June 22, 2011 at 17:00 PM EDT
A late-session dive in stocks pushed exchange traded funds firmly into the red Wednesday after the Federal Reserve stood pat on interest rates, but said the economy has slowed in recent months. PowerShares QQQ (NasdaqGM: QQQ), an ETF following the Nasdaq-100, slipped 0.7%, in line with the other...
