VTI - 5 Most-Loved ETFs of Last Week | Benzinga
Overall, ETFs pulled in $12.8 billion in capital last week, pushing the year-to-date inflows to $324.7 billion. U.S. fixed-income ETFs led the way higher with $8.3 billion in inflows, followed by inflows of $1.8 billion in international equity ETFs and $1.8 billion in currency ETFs.
Vanguard S&P 500 ETF (ARCA:VOO), iShares S&P 500 Growth ETF (ARCA:IVW), iShares Russell 2000 ETF (ARCA:IWM), Vanguard Total Stock Market ETF (ARCA:VTI) and iShares MSCI EAFE Growth ETF (BATS: EFG) dominated the top creation list last week.
Wall Street wrapped up the last week with gains. The tech-heavy Nasdaq Composite Index outperformed, advancing 2.4%, while the S&P 500 and Dow Jones Industrial Average booked gains of 1.3% and 0.3%, respectively. The gains were driven by the tech surge, especially NVIDIA (NASDAQ: NVDA). The chipmaker surpassed Apple (NASDAQ: AAPL) in terms of market cap and became the second-most valuable company in the United States.
Rate cut bets ramped up last week following the weak data, which signaled a slowdown in the world's largest economy. U.S. manufacturing activity slowed for the second straight month in May, and U.S. construction spending fell unexpectedly for the second consecutive month in April on declines in non-residential activity.
However, a stronger jobs report diminished rate cut bet hopes to end the week, leading to a spike in Treasury yields. U.S. job growth jumped in May and wage growth accelerated. The economy added 272,000 jobs in May, ...