From Nasdaq: 2024-05-14 13:00:00

Last week, Wall Street saw positive gains, with the S&P 500 up 1.9%, the Dow Jones rising 2.2%, and the Nasdaq Composite gaining 1.1%. The Dow had its best week of 2024 and secured eight consecutive days of gains spurred by companies like Amgen, Amazon, Apple, Boeing, and Goldman Sachs.

Apple unveiled new iPad models last week, including iPad Pro and iPad Air versions, along with updated accessories. US consumer sentiment dropped to a six-month low. Fed officials are stating higher rates may be here to stay for a while, with U.S. companies seeing the best earnings season in almost two years with expected earnings growth.

Winning ETFs of last week include silver miners, junior gold miners, global shipping, and American industrial ETFs. Lower interest rates favored sectors dependent on borrowing, while natural gas prices hit a 14-week high due to supply and demand factors trimming the storage surplus. Shipping companies have been performing well due to re-routing following recent events.



Read more at Nasdaq: 4 Best ETF Areas of Last Week