QUICK SPARK: $5.3B Flows Into ETFs. VOO, SGOV and GLD Lead Investor Demand
VOO led ETF inflows with $3.3B. Investors also poured money into Treasury and gold ETFs; total ETF flows reached $5.3B on Thursday.
Economy · News reference
ETF investors are buying stocks and bonds as Treasury yields rise, with large-cap funds leading inflows ahead of Nvidia’s earnings report.
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VOO led ETF inflows with $3.3B. Investors also poured money into Treasury and gold ETFs; total ETF flows reached $5.3B on Thursday.
High job openings contrast with falling hires, leaving the Fed trapped between rising inflation and cooling job growth.
QQQ attracted $860.25 million and VOO $693.23 million in ETF inflows Thursday, while GLD added $627.68 million as total ETF flows reached $2.83 billion.
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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