From Nasdaq: 2024-08-06 10:00:00

ETFs attracted $16.1 billion last week, bringing year-to-date inflows to $532 billion. U.S. equity ETFs led with $9 billion, followed by U.S. fixed-income ETFs with $6.9 billion and international fixed-income ETFs with $1.1 billion. Top creations included IVV, VOO, TLT, AGG, and SOXL.

Wall Street faced a tough week as the Nasdaq fell 3%, entering correction territory. The S&P 500 and Dow Jones lost 2% each, while the Russell 2000 dropped 6.8%. Soft jobs data and disappointing earnings from Amazon and Intel fueled fears of an economic slowdown and recession.

Indices slumped after a weak jobs report showing 114,000 jobs added in July, well below expectations. Unemployment rose to 4.3%, the highest since October 2021. Manufacturing data from the Institute for Supply Management also pointed to a slowdown in July.

Top ETFs from last week include IVV, VOO, TLT, AGG, and SOXL. IVV collected $6.6 billion, while VOO saw $2.7 billion in inflows. TLT amassed $1.7 billion, AGG pulled in $1.1 billion, and SOXL gained $870 million in assets. These ETFs track the S&P 500, 20+ Year Treasury Bonds, Aggregate U.S. Bonds, and Semiconductor sectors respectively.



Read more at Nasdaq: 5 Most Loved ETFs of Last Week Amid Market Turmoil