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While many E.T.F.'s follow broad indexes, some focus on specific niches.
But other, equally broad indexes are more than 30percentt below that level.
Both stocks made gains Wednesday after the release of first-quarter earnings, even as broad indexes declined.
Because the market wasn't at ridiculously high levels, it seemed prudent to invest in broad indexes, foreign indexes and small- and large-cap indexes.
In addition, while other broad indexes have recently seen an improvement in breadth -- increasing numbers of stocks that are rising -- the Nasdaq has not.
Worried that accounting problems could portend more Enron-like collapses, investors sent the broad indexes to their lowest levels since November.
Similar(30)
A broad index of financial stocks fell almost 4percentt.
BETWEEN 2000 and 2011 broad indices of commodity prices tripled, easily outpacing global growth.
Investors often buy emerging markets in a single transaction, through a fund that closely follows a broad index.
Apple opened dramatically lower this morning, mirroring broad index declines.
The broad index is now up 5% for the year.
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