Nokia’s Poor Performance Keeps Wireless ETFs Restrained
May 31, 2011 at 15:39 PM EDT
Cell phone-related exchange traded funds (ETFs) have been supported by stronger sales in the smartphone markets, but Nokia Corporation’s (NYSE: NOK) poor second-quarter performance puts into question the sector momentum. First Trust NASDAQ CEA Smartphone Index Fund (NYSEArca: FONE) is up...