SanDisk Jumps 10%, Lululemon Crashes 17%: Stock Market Today
A blowout August jobs report pushed traders to price a coin-flip chance of a Federal Reserve rate hike this month, dragging the S&P 500 and Dow lower by midday Friday.
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The BWET ETF has jumped by 1,600% this year, and is beating popular funds like S&P 500's SPY and Nasdaq 100s QQQ
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A blowout August jobs report pushed traders to price a coin-flip chance of a Federal Reserve rate hike this month, dragging the S&P 500 and Dow lower by midday Friday.
VOO led ETF inflows with $3.3B. Investors also poured money into Treasury and gold ETFs; total ETF flows reached $5.3B on Thursday.
Economist Mohamed El-Erian warns of a fundamental imbalance in the bond market as traditional buyers of U.S. debt retreat and yields surge.
High job openings contrast with falling hires, leaving the Fed trapped between rising inflation and cooling job growth.
This S&P 500 Index outlook explores the top catalysts for US stocks this week, including US consumer and producer inflation.
- Reuters