We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
ETF Winners Amid Wall Street's Best Week Since 2023
Read MoreHide Full Article
Key Takeaways
Wall Street logged the best week since 2023 despite tariff turmoil and wild market swings.
U.S. treasuries plunged, U.S. dollar slumped and gold hit a new record, capping best week since 2020.
Rate-hedged ETFs, gold and silver miners and semiconductors led the weekly gains in the ETF scorecard.
Wall Street ended the tariff-led chaotic week on a positive note on April 11. The S&P 500 gained 1.8% on April 11, while the Nasdaq Composite climbed 2.1%, and the Dow Jones Industrial Average rose 1.5%, despite escalating tariff tensions between the United States and China (read: US-Sino Trade War Escalates: ETF Areas Under Pressure).
Biggest Weekly Gains Since 2023 Despite Being Hit by Tariffs
For the week, SPDR S&P 500 ETF Trust (SPY - Free Report) tacked in 9.1% gains, SPDR Dow Jones Industrial Average ETF Trust (DIA - Free Report) jumped 8.2% andthe Nasdaq-100-based ETF Invesco QQQ Trust, Series 1 (QQQ - Free Report) advanced 11.4%.
Markets experienced wild swings throughout the week, largely driven by President Trump’s fast-moving and changing tariff policy. Wednesday brought historic gains after Trump announced a temporary 90-day pause on tariffs for some 75 countries, but tariffs on Chinese goods were pushed up to 145%.
However, markets tumbled on Thursday, only to rebound on Friday. On April 11, China announced that it would raise tariffs on U.S. imports to 125%, up from the previously planned 84%, effective Saturday.
Despite the volatility, the S&P 500 and Dow posted theirbest weekly performances since 2023, while the Nasdaq’s 7% weekly surgemarked its strongest rise since 2022, as quoted on Yahoo Finance.
The strongest performances of last week came from the Technology, Industrials, and Financials sectors. AI chipmaker NVIDIA (NVDA - Free Report) led the "Magnificent Seven" group of tech giants higher.
Treasury Yields Spike, Dollar Slides, Gold Hits Record
Investor concerns over the U.S. economic stability and the effectiveness of traditional safe-haven assets led to major shifts in the bond and commodities markets. U.S. treasuries and the U.S. dollar could not live up to their traditional safe-haven status, continuing sell-offs.
The 10-year U.S. Treasury yields surged to 4.56%, their highest since February, amid a bond sell-off. The US Dollar Index fell below 100, signaling less confidence in U.S. assets. Meanwhile, Gold surged past $3,200 per ounce, setting a new all-time high and closing its best five-day run since 2020.
Consumer sentiment fell to its lowest point since 2022 in April, due to fears of rising inflation amid tariff developments. Many consumers now expect inflation to climb significantly in the year ahead.
ETF Winners of Last Week
Against this backdrop, below we highlight a few winning exchange-traded funds (ETFs) of last week.
Image: Bigstock
ETF Winners Amid Wall Street's Best Week Since 2023
Key Takeaways
Wall Street ended the tariff-led chaotic week on a positive note on April 11. The S&P 500 gained 1.8% on April 11, while the Nasdaq Composite climbed 2.1%, and the Dow Jones Industrial Average rose 1.5%, despite escalating tariff tensions between the United States and China (read: US-Sino Trade War Escalates: ETF Areas Under Pressure).
Biggest Weekly Gains Since 2023 Despite Being Hit by Tariffs
For the week, SPDR S&P 500 ETF Trust (SPY - Free Report) tacked in 9.1% gains, SPDR Dow Jones Industrial Average ETF Trust (DIA - Free Report) jumped 8.2% andthe Nasdaq-100-based ETF Invesco QQQ Trust, Series 1 (QQQ - Free Report) advanced 11.4%.
Markets experienced wild swings throughout the week, largely driven by President Trump’s fast-moving and changing tariff policy. Wednesday brought historic gains after Trump announced a temporary 90-day pause on tariffs for some 75 countries, but tariffs on Chinese goods were pushed up to 145%.
However, markets tumbled on Thursday, only to rebound on Friday. On April 11, China announced that it would raise tariffs on U.S. imports to 125%, up from the previously planned 84%, effective Saturday.
Despite the volatility, the S&P 500 and Dow posted their best weekly performances since 2023, while the Nasdaq’s 7% weekly surge marked its strongest rise since 2022, as quoted on Yahoo Finance.
The strongest performances of last week came from the Technology, Industrials, and Financials sectors. AI chipmaker NVIDIA (NVDA - Free Report) led the "Magnificent Seven" group of tech giants higher.
Treasury Yields Spike, Dollar Slides, Gold Hits Record
Investor concerns over the U.S. economic stability and the effectiveness of traditional safe-haven assets led to major shifts in the bond and commodities markets. U.S. treasuries and the U.S. dollar could not live up to their traditional safe-haven status, continuing sell-offs.
The 10-year U.S. Treasury yields surged to 4.56%, their highest since February, amid a bond sell-off. The US Dollar Index fell below 100, signaling less confidence in U.S. assets. Meanwhile, Gold surged past $3,200 per ounce, setting a new all-time high and closing its best five-day run since 2020.
Consumer sentiment fell to its lowest point since 2022 in April, due to fears of rising inflation amid tariff developments. Many consumers now expect inflation to climb significantly in the year ahead.
ETF Winners of Last Week
Against this backdrop, below we highlight a few winning exchange-traded funds (ETFs) of last week.
Simplify Interest Rate Hedge ETF (PFIX - Free Report) – Up 22.6%
iShares MSCI Global Gold Miners ETF (RING - Free Report) – Up 20.2%
iShares MSCI Global Silver Miners ETF (SLVP - Free Report) – Up 18.2%
Global X Defense Tech ETF (SHLD - Free Report) – Up 13%
Strive U.S. Semiconductor ETF (SHOC - Free Report) – Up 12.6%