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First Trust Exchange-Traded Fund VIII - First Trust Active Factor Small Cap ETF
2024-02-03 05:47:00 ET
Summary
The major US indices continued to melt higher in January, with the Nasdaq, Dow Jones Industrial Average, and S&P 500 all making gains.
The incremental strength in equity markets was set against a backdrop of a resilient, growing US economy.
The relative strength of the economy likely contributed to the move we observed in sovereign yields, with bond prices moving lower on the month as yields on the 10-year Treasury finished the month slightly higher than where it started the year at 3.97%.
What’s New
Following a torrid rally to end the year, major US indices continued to melt higher in January, with the Nasdaq, Dow Jones Industrial Average, and S&P 500 all making gains....