The markets and exchange traded funds (ETFs) in April had their fair share of ups and downs, but in the end, it was a positive month for several sectors and the major indexes.
The Dow Jones Industrial Average rose 7.3% for the month. The Nasdaq gained 12.7%, and the S&P 500 increased 9.4%. While there are some areas that are still struggling, a few sectors are also showing signs of improvement and crossing above their long-term trend lines (200-day moving average). This includes retail (up 20.9% in April), Taiwan (up 26.6%) and networking (up 29.7%).
The strongest sector this month was REITs, which rose about 32%.
For a complete look at the month of April, click through to see our April ETF Performance Report.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.