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Wall Street has been on a remarkable rally, buoyed by a surge in technology stocks. Most of the gains were driven by five "mega-cap" tech companies?
One of Vanguard's ETFs has risen 24% year to date. However, that performance isn't close to the gains delivered by an ETF managed by VanEck.
We have highlighted three ETFs each from the best and worst-performing zones in the first half of 2024.
Two years ago, President Biden signed the CHIPS and Science Act into law. Certainly, assuming it's implemented to its fullest potential, the legislation could be a boon for a variety of semiconductor stocks.
Nvidia has performed well over the past year. That has helped boost performance for ETFs in the tech sector.
The stock market has been on an incredible run. And as we have pointed out several times, that bull market run higher has been lead by technology stocks.
The theme of the past couple of weeks has been the S&P 500 pressing higher in spite of weak breadth. With the likes of Nvidia down 5% on the day (and down 14% since last Tuesday's high), the semiconductor ETF (SMH) is testing the uptrend that has been in place since its April lows.
Jeff deGraaf, Renaissance Macro Research, joins 'Closing Bell' to discuss the market rotation and the headwinds for the semiconductor sector.
Semiconductor stocks have led the market rally, buoyed by the artificial intelligence (AI) drive.
The VanEck Semiconductor ETF is a passive fund that has positions in many leading chip companies. The fund provides investors with exposure to many different aspects of the semiconductor market, providing a degree of diversification.