Investors poured $37.6 billion into ETFs last week, led by SPY and tech-heavy funds, shrugging off Powell's hawkish tone as markets stay fixated on growth.
Risk appetite cooled on Tuesday as investors interpreted the latest batch of corporate earnings as solid but not spectacular, offering a convenient excuse to take profits after strong year-to-date rallies.
Vanguard S&P 500 ETF has smaller assets under management (AUM) but provides large-cap exposure and lower costs compared to the iShares Russell 2000 ETF.
Tech stocks edged higher Friday, rebounding from Thursday's 1.5% drop in the Nasdaq 100 as upbeat earnings from mega-cap giants kept the rally momentum alive.
Wall Street's favorite benchmark, the S&P 500, has spent 128 consecutive trading sessions above its 50-day moving average, a rare occurrence that has happened only 3 times in modern history.
Wall Street saw a cautious tone on Thursday as major tech-heavy indexes edged lower, weighed down by mixed earnings from the mega-caps and the lingering impact of hawkish remarks from Fed Chair Jerome Powell th
