News of a possible deal to end the 10-day U.S. government showdown sent stocks soaring Thursday. This is how strong the gains were: Not only did the Dow Jones Industrial Average surge 323 points, but only 13 stocks in the S&P 500 closed lower.
Emerging markets ETFs were among the standout performers on Thursday as two of the day’s top-15 non-leveraged ETFs were India funds. Here is the reason behind the Indian ebullience:
Speaking of ETFs that were once beloved only to recently be hit with selling pressure, biotech and solar ETFs bounced back on Thursday. [Chart of the Day: Biotech Bounce]
Here is Thursday’s sea of green from the ETF execution team at WallachBeth Capital.
