The SPDR S&P 500 ETF Trust (NYSE: SPY) has spent the last few days consolidating, but the rally is narrowing. This is a sign of weakness.
What To Know: In the second week of May, over 500 companies that trade on the NYSE made new 52-week highs. This week, less than 50 did.
Cathie Wood-led Ark Investment Management on Wednesday shed more weight in Palantir Technologies Inc (NYSE: PLTR), its second such sale in the data analytics company in recent months.
The SPDR S&P Biotech ETF (NYSE: XBI) is trading below an important resistance level, but the iShares Nasdaq Biotechnology ETF (NASDAQ: IBB) has broken out.
Cathie Wood-led Ark Investment Management on Tuesday snapped up 858,129 shares, estimated to be worth about $59.12 million, in UiPath Inc (NYSE: PATH) on the dip.
Shares of the New York-based software automation company closed 3.34% lower at $68.90 on Tuesday.
Investors could be looking for the hottest sectors to invest in for the second half of 2021. One way to play the hot sectors is to invest in ETFs, or exchange-traded funds, to get exposure to many stocks in one sector that could benefit.
Here is a look at five ETFs that could have a strong second-half performance in 2021.
The Financial Select Sector SPDR Fund (NYSE: XLF) tracks the financial stocks, which include companies like banks and brokers. Between June 7 and June 18, the ETF lost about 10% of its value.
Cathie Wood-led Ark Investment Management on Monday deployed the Ark Space Exploration & Innovation ETF (BATS: ARKX) to buy 3,007 shares, estimated to be worth about $1.6 million, in the video streaming company Netflix Inc (NASDAQ: