Wall Street was downbeat last week. Amid major developments last week, the Fed's rate hike deserves mention.
These inverse/leveraged ETFs won last week amid broader market slump.
Wall Street was downbeat last week on rising rate worries and FedEx'
Wall Street was downbeat last week with the S&P 500, the Dow Jones, the Nasdaq Composite and the Russell 2000 losing in the range of 3% to 4%, respectively.
We have concerns like a worsening COVID situation in China, high inflation in the United States, slowdown fears both in the United States and Euro zone as well as looming rate hikes by the ECB.
Big technology stocks are facing their biggest rout in more than a decade. The S&P 500's information-technology sector has dropped 20% so far this year.
Wall Street was downbeat last week, with losses seen in all major indexes
The market sell-off has resulted in higher demand for inverse or inverse-leveraged ETFs as these fetch outsized returns on bearish sentiments in a short span.