U.S. Stock ETFs Maintain Momentum on Fed Rate Cut Bets
This article was originally published on ETFTrends.com.
U.S. markets and stock exchange traded funds strengthened Wednesday on rising expectations of a Federal Reserve interest rate cut, following a weak private sector jobs growth. On Wednesday, the Invesco QQQ Trust (NASDAQ: QQQ) increased 0.6%, SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) was up 0.7% and SPDR S&P 500 ETF (NYSEArca: SPY) rose 0.7%. [...]