It was a holiday-shortened trading, but one that did not lack for fireworks. No, the Fourth of July pun was not intended. Ongoing declines for mainland Chinese stocks, Puerto Rico’s debt default and Greece’s increasingly precarious financial situation got the week started with a bang.
Greek banks and equity markets were closed this week and the country is heading to Sunday referendum where a “no” vote means Greek Prime Minister Alexis Tsipras could secure financing to help his country avert disaster.
On Thursday, the Labor Department said the U.S. economy added 223,000 jobs last month with an unemployment rate of 5.3%, but the labor participation rate dropped, meaning the Federal Reserve might be forced to put off raising interest rates.
With that, here are some of the biggest ETF stories from the four-day trading week.
Broad Market/Sector ETFs
Financial services just keep waiting on the Fed. [Financial Services are Waiting on the Fed]
Considering a popular tech ETF for July.
Healthcare ETFs can survive and thrive when rates rise. [Don’t Ditch Healthcare ETFs if Rates Rise]
Schwab expands commission-free ETF lineup.
This dividend ETF is still potent. [A Dividend ETF That Still Rewards Investors]
How interest rates are affecting MLP ETFs. [Rising Rates Could Crimp MLP ETFs]