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 SCHD ETF is set to become the next king of dividend ETFs as it overtakes VIG in the assets under management (AUM).
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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.
Investors are still buying REIT ETFs like VNQ and SCHH despite the rising fears that the Federal Reserve will hike interest rates.
The SCHD ETF has officially become the biggest dividend ETF after overtaking VIG, helped by its strong inflows and price performance.