Markets will have a shortened week to digest new data as a result of the Labor Day weekend holiday. Here are the key ETFs to watch for the week of Monday, September 1, 2014: iShares NASDAQ Biotechnology ETF (NASDAQ: IBB ) Biotech stocks have regained their leadership status and broke out to new all-time highs last week. After a brief bout of volatility in the second quarter, these favored momentum stocks are soaring once again and topped their prior February highs. IBB is the largest ETF in this space, with $5.5 billion in total assets. This fund tracks 121 companies engaged in technology research and development for the medical field. The largest holdings in this market cap weighted vehicle include Gilead Sciences (NASDAQ: GILD ) and Celgene Corp (NASDAQ: CELG ). Related Link: Best And Worst ETFs Of The Week Amid Summer Send Off So far this year, IBB has gained nearly 22 percent and will look to add to those gains if the health care rally continues. United States Oil Fund (NYSE: USO ) Crude oil futures closed at their highest level in weeks after a multi-month sell off that included a break below $95 per barrel. USO tracks … Continue reading
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