Wall Street ended on a negative note last week just the week before that, strengthening the worth of the adage that September is historically the worst month of the year for stocks.
We have highlighted five ETFs from different sectors that hit new peaks in the recent trading session and have been the leaders in their respective sector so far this year.
Wall Street has been shining bright this summer thanks to upbeat corporate earnings, renewed optimism in a sustained economic recovery, and the Fed's dovish view.
The cyber security industry has gained immense popularity in recent years and is the fastest-growing corner of the broad technology space.
Wall Street had a moderately strong July with the S&P 500 adding about 1% past month, the Dow Jones gaining 0.4% and the Nasdaq Composite advancing 0.2%.
Though concerns about the spread of the Delta Variant of coronavirus worried investors, low rates boosted the demand for stock investments last week.
Diminishing worries about runaway inflation compelled investors to pile back into tech-oriented growth stocks.
The first half of 2021 was upbeat for stocks and the winning momentum is continuing. These sector ETFs have been robust lately.
Investors have rotated back into growth-oriented areas of the market in recent weeks on optimism surrounding the economic recovery.
The technology sector was the lone bright spot last week among the 11 S&P 500 sectors amid the market turmoil as optimism surrounding the economic recovery compelled investors to bet on the growth stocks....