In the world of Exchange Traded Funds (ETFs), Friday witnessed quite a rollercoaster ride, with contrasts stark enough to make even the most seasoned investor raise an eyebrow. The SPDR S&P Regional Banking ETF emerged as the day’s star performer, blazing ahead by a commendable 2%. This stellar ascent was propelled by surges in key constituents such as Metropolitan Bank Holding, which soared by a striking 19.1%, and Valley National Bancorp, not far behind with a respectable 4.4% increase.
In a striking juxtaposition, the Semiconductor ETF found itself in a downward spiral, tumbling by approximately 2.3% during Friday’s afternoon trading session. Among the notable casualties within this ETF were Advanced Micro Devices, witnessing a 4.1% decline, and Micron Technology, facing a 3.9% drop on the same day.
