Riding the Regional Banking Wave
On Monday, the SPDR S&P Regional Banking ETF took the spotlight, showcasing a robust performance with a 1.4% surge. Leading the charge were shares of New York Community Bancorp, up a substantial 5.7%, alongside The Bancorp, which climbed an impressive 3.6%.
Taking a Semiconductor Dive
Conversely, the Invesco Semiconductors ETF struggled in Monday’s trading, experiencing a 2.9% decline. Notable laggards within this ETF included Nova, plummeting by 7.8%, and Cirrus Logic, slipping 6% on the day.
VIDEO: Monday’s ETF Movers: KRE, PSI
Nasdaq, Inc. reminds us that the market’s ebbs and flows can build or ruin fortunes in a day. Proceed with caution and remember, the trend is your friend.
