5 Sector ETFs That Outperformed With Double-Digit Gains in July
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 01 2024
0mins
Should l Buy ITB?
Source: NASDAQ.COM
Market Trends: In July, the U.S. stock market experienced a "Great Rotation" as investors shifted from technology stocks to smaller companies and sectors expected to benefit from potential Fed rate cuts, with the Dow Jones gaining 4.4% while the Nasdaq Composite fell 0.8%.
Top-Performing ETFs: Notable ETFs that performed well included First Trust NASDAQ ABA Community Bank Index Fund (up 19.5%), iShares U.S. Home Construction ETF (up 19.3%), and SPDR S&P Telecom ETF (up 15.7%), reflecting broader market confidence amid declining inflation and resilient economic growth.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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