Top & Flop ETFs Of Last Week
Zacks Investment Research | Sep 22, 2019 10:10PM ET
Wall Street logged in the first weekly decline of a month as investors turned their attention to the latest development in the U.S.-China trade dispute. Chinese trade delegation canceled visits to farms in Montana and Nebraska dampened the optimism surrounding trade talks. U.S. President Donald Trump said he wanted a complete trade deal, not just an agreement for China to buy more U.S. agricultural goods.
The major indices’ weekly decline came despite the stimulus measures taken by major central banks that eased global growth worries. In particular, the Fed slashed interest rates for the second time since the financial crisis by 25 bps to 1.75-2% last week to sustain a decade-long economic expansion. Additionally, oil price spiked on Saudi supply disruption and Mideast tensions (read: Zacks Investment Research
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