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Apex Trader Funding (ATF) - News

5 Hot ETFs of Last Week

ETFs across various categories pulled in $4.4 billion in capital last week, pushing the year-to-date inflows to $532 billion. U.S. fixed-income ETFs led the way with $3.4 billion in inflows, followed by inflows of $2.4 billion in leveraged ETFs and $2.2 billion in U.S. equity ETFs. Vanguard S&P 500 ETF (ARCA:VOO), Direxion Daily Semiconductor Bull 3x Shares (ARCA:SOXL), SPDR Bloomberg 1-3 Month T-Bill ETF (ARCA:BIL), Invesco QQQ Trust (NASDAQ: QQQ) and Schwab Intermediate-Term U.S. Treasury ETF (ARCA:SCHR) dominated the top creation list last week. Wall Street witnessed a rollercoaster ride last week, dropping sharply and then climbing up. The S&P 500 recouped all its losses to end the week after the Aug 5 steep sell-off prompted by fears of a recession following weak jobs data. The Dow Jones Industrial Index shed 0.6% and the tech-heavy Nasdaq Composite Index fell 0.2% last week. The batch of early last week's data showed weakening labor markets and a slump in manufacturing that spurred recession concerns and battered global stock markets. Though these data signal a slowdown, the U.S. economy is far from recession anytime soon. The latest data shows that U.S. services sector activity rebounded from a four-year low in July amid a rise in orders and employment. The ISM survey's new orders measure rebounded to 52.4 from 47.3 in June, which was the lowest since December 2022. Investors are betting that the Fed will respond ...