Major ETFs lost ground in quiet trade Tuesday as the market waits for the Federal Reserve to finish a two-day meeting in which it's expected to announce new stimulus measures to boost the economy.

In May, home prices in the U.S. continued to rebound, with all 20 cites posting gains compared to April, according to the widely followed S&P/Case-Shiller Home Price Index.

After two days of strong buying, stocks took a break on Monday, as they closed modestly lower on light trade. All of the major indices ended the session approximately in the bottom third of their respective ranges.

Homebuilder stocks are moving lower early Monday amid a mostly flat equities market. SPDR S&P Homebuilders (NYSE: XHB) is lower by 1.4 percent.

NEW YORK (AVAFIN) -- SPDR S&P Homebuilders options contracts experienced a new 90-day record for call contracts where a total of 3239 call contracts were traded in the busy trading session.

Investors poured $578.6 million into the SPDR S&P 500 ETF (NYSEArca:SPY) on Thursday,July 26, as financial markets rebounded on comments by the European central bank that it would do what was necessary to defend the existence of the euro.

There are a lot of exchange-traded funds on the market and many of those funds are similar in makeup, but most retail or part-time investors are aware of the more popular names like GLD, QQQ, XLF and UNG.

Wall Street Stocks were trading much higher Thursday, with the SPDR S&P 500 (NYSE: SPY), SPDR Dow Jones Industrial Average (NYSE: DIA) and the PowerShares QQQ (NYSE: QQQ) each gaining upward of 1.5% at the start of trading.

Stocks were trading much higher Thursday, with the SPDR S&P 500 (SPY), SPDR Dow Jones Industrial Average (DIA) and the PowerShares QQQ (QQQ) each gaining upward of 1.5% at the start of trading.

Homebuilder stocks have significantly outperformed the S&P 500 Index this year. XHB SPDR S&P Homebuilders ETF (NYSE: XHB) is higher by 22 percent year-to-date and iShares Dow Jones US Home Construction (NYSE: ITB) is higher by 37 percent.