Additionally, some investors are worried about another summer swoon after an impressive first five months to the year. [How Rising Rates Could Affect Stock ETFs]
“Given how far it’s run and where it can go from here, investors are taking a pause and a more look-and-see approach than they have in the past, where equities are the only place to be,” Schultz added.
SPDR S&P 500
SPDR Dow Jones Industrial Average
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Max Chen contributed to this article.