Tech stocks led gains, U.S. economy added jobs, Bitcoin, natural gas, semiconductors, weight-loss drugs performed well

From Barchart: 2024-06-11 13:00:00

Last week, Wall Street saw gains as the S&P 500, Dow Jones, and Nasdaq all advanced. Tech stocks led the charge, with U.S. technology stocks seeing the largest weekly inflows in nine weeks, reflecting renewed investor confidence. Additionally, the U.S. economy added 272,000 jobs in May, the highest in five months, signaling growth.

Among the winning ETF areas last week were Bitcoin Miners, Natural Gas, Semiconductors, and Weight-Loss Drugs. Bitcoin prices surged above $71,000, while natural gas is expected to play a crucial role in U.S. energy generation. Semiconductors performed well, with funds heavy on NVIDIA seeing gains. Weight-loss drug manufacturers also saw positive movements due to growing demand globally.



Read more at Barchart: Best ETF Areas of Last Week