ETFs to Play the Reopening US Economy Optimism
Wall Street delivered a decent performance in April as investors remained upbeat about recovery in economic growth from the pandemic-led slowdown. The S&P 500 index saw its third consecutive month of gains last month, rising more than 5%. The other two broader indices like the Dow Jones Industrial Average and Nasdaq Composite were up 2.7% and 5.4%, respectively, in April.
The optimism surrounding the reopening of the U.S. economy seems to be increasing. Notably, the world’s largest economy is seeing a decline in the seven-day average of daily cases now. The metric dropped to under 50,000, declining 17% from the previous week (as of May 1), per a CNBC article. There has also been a drop in the number of hospitalizations along with a decreasing death toll from coronavirus infections.
Going on, accelerated coronavirus vaccine rollout is leading to faster U.S. economic reopening of…