4 ETFs to Buy in April to Tap Likely Market Rally | investing.com – Investing.com

SourceInvesting.com
SectorFinancial Markets
CountryGulf

Though the first quarter was upbeat for Wall Street, bouts of volatility constantly crossed paths due to rising rate worries that mainly resulted in growth stock sell-off. Tax hike worries also bothered market sentiments occasionally. Overall, the and the S&P 500 surged 7.8% and 5.8%, respectively, in first-quarter 2021. However, Wall Street seems to have kicked off April with more vigor as the S&P 500 has already crossed the 4,000 mark and is still running steady. The value-stock heavy Dow Jones and the tech-heavy Nasdaq too are doing well this month.

Upbeat U.S. economic indicators in the area of jobs and manufacturing have been aiding the rally (read: 4 Sector ETFs to Sizzle on Robust March Jobs Report). Fast COVID-19 vaccinations, progress on biotech researches on vaccines, and an unprecedented fiscal stimulus have been the other catalysts. President Joe Biden last week unveiled an additional $2 trillion spending plan (over and above the COVID-19 stimulus bill) over 10 years toward restoring transportation, communication and power infrastructure. The infrastructure plan will be paired with an additional $1 trillion in spending focused on social programs and is expected to be unveiled in April (read: ETFs to Win on Biden's Infrastructure Plan). According to Ryan ...read more...