Auto ETFs Rev Up as Microsoft Bets on GM’s Driverless Cars
January 19, 2021 at 15:04 PM EST
Automobile-related exchange traded funds accelerated Tuesday after Microsoft Corp. (MSFT) invested in General Motors Co. (GM) in anticipation of the next generation of driverless cars. On Tuesday, the First Trust Nasdaq Transportation ETF (FTXR) gained 1.5%, the First Trust NASDAQ Global Auto Index...
