Wall Street gains in June, tech companies reach trillion-dollar market cap, top ETFs in multiple sectors.

From Nasdaq: 2024-07-02 15:00:00

Wall Street recorded gains in June, with the S&P 500, Dow Jones and Nasdaq up, while the Russell 2000 dipped. NVIDIA and Amazon reached $3 trillion and $2 trillion market cap respectively. U.S. policy makers projected one rate cut this year and four in 2025. The ECB cut interest rates for the first time since 2019.

Top ETFs in June included Crypto Miners, Healthcare, India, and MLPs. The Valkyrie Bitcoin Miners ETF was up 22.7%, driven by gains in crypto stocks. The Simplify Health Care ETF rose 8.2%, fueled by the growing healthcare industry. The iShares MSCI India Small-Cap ETF gained 7.2%, benefiting from India’s potential growth.

The InfraCap MLP ETF increased by 7%, as MLPs are expected to benefit from potential interest rate cuts. The Roundhill Magnificent Seven ETF was up 6.9%, driven by the performance of major tech companies like NVIDIA, Apple, and Amazon. Market analysts suggest monitoring dollar fluctuations and industry performance for future opportunities.



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