Regional Banking ETF Rises While Lithium ETF Struggles
On Friday, the SPDR S&P Regional Banking ETF led the way among exchange-traded funds, gaining approximately 3.6% for the day. Key contributors to this rise included Axos Financial, which saw a significant increase of about 6.8%, and New York Community Bancorp, climbing roughly 6.1% as well.
In contrast, the Lithium ETF faced challenges, declining around 1.9% by Friday afternoon. Stocks within this sector experienced some of the weakest performances, notably Tesla, which dropped about 8%, and Albemarle, down roughly 0.7% for the day.
VIDEO: Friday’s ETF Movers: KRE, LIT
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