Jobs Friday was even more active than usual as traders and investors digested more robust employment data along with news that Apple (NasdaqGS: AAPL) will replace AT&T (NYSE: T) in the Dow Jones Industrial Average later this month.
U.S. employers added 295,000 new jobs in February, enough to lower the unemployment rate to 5.5%, but stocks and U.S. government bonds tumbled as markets assumed the continuation of strong employment data opens the door for the Federal Reserve to raise interest rates later this year.
The S&P 500 and the Dow Jones Industrial Average each closed the week with losses of at least 1.5% while the Nasdaq Composite was slightly better with a weekly loss of just under 1%. With, here is a compilation of some of this week’s biggest stories from the world of exchange traded funds.
Broad Market and Sector ETFs
Apple could make the Dow and the Dow ETF relevant again. [Apple is Finally Making its way to the Dow]
Consumer discretionary ETF firms up. [A Fine Run for a Big Discretionary ETF]
Homebuilders ETFs survive Lumber Liquidators slide.
Investors still love staples ETFs. [Staples ETFs Remain an Investor Favorite]
Why this biotech ETF is soaring. [A New Biotech is off to a Fast Start]