From Nasdaq:

Last week, Wall Street saw a 0.4% drop in the S&P 500 and a 1.3% decrease in the Nasdaq Composite due to rising rates and a benchmark U.S. treasury yield jump from 4.17% to 4.30%. January U.S. retail sales saw a 0.8% dip, worse than December’s 0.4% gain, and worse than a predicted 0.3% drop.

Although the S&P 500 was down for the week, it hit an all-time high last week. Bitcoin surged past the $52,000 mark for the first time since December 2021, powered by increased institutional investment. Coinbase Global made a groundbreaking shift, showcasing its first quarterly profit in two years and surpassing earnings and revenues expectations.

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) increased 4 points to 48 in February. This is the third straight month of positive sentiment in the housing market, and the highest level of confidence since August 2023. Winning ETF areas include Bitcoin Miners & Blockchain, Palladium, and Rising Rates ETFs.

Palladium-based fund abrdn Physical Palladium Shares ETF PALL surged 9.8% last week after a decline and trades above the $900 level. Rising Rates ETFs like Simplify Interest Rate Hedge ETF PFIX surged 5.9% with U.S. inflation exceeding expectations. The consumer price index rose by 0.3% for the month, a 3.1% year-over-year increase from December’s 3.4%. The Headline month-over-month producer price index (PPI) reached +0.3%, and excluding volatile food and energy prices, the core print came in at +0.5%.



Read more: 3 Top-Performing ETF Areas of Last Week