iShares Residential and Multisector Real Estate ETF

Mortgage rates have fallen to the lowest level since April 2023, but homebuyer demand remains cautious, with mortgage applications rising only slightly. The decline in rates is impacting mortgage-linked stocks positively.

Related tickers: REZ.

June closed on a high note for the stock market, with the S&P 500, tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), gaining 3.2%, despite significant disparities in sector and industry performances. The technology sector, as tracked by the Technology Select Sector SPDR Fund (NYSE:XLK), led the 11 S&P 500 sectors in performance last month, surging 7.7% and achieving its strongest monthly gain this year. In stark contrast, utilities lagged, with the Utilities Select Sector SPDR Fund (NYSE:XLU) dropping 6.3%, marking the worst month since September 2023. Top Performing Industry ETFs In June The iShares Expanded Tech-Software Sector ETF (NYSE:IGV) rallied 11.3% last month, topping the rankings among industry ETFs. Hot on its heels was the VanEck Semiconductor ETF (NYSE:SMH), which climbed 8.4%, showcasing strong momentum in the semiconductor sector. Since hitting its low ...Full story available on Benzinga.com

Related tickers: AVGO, SOXX, OLED, IGV, RNA, REZ, QRVO, SMH, SPY, CRWD, XBI, XLK, XLU, XSD, ADBE, ALNY, IBB, ORCL, SCLX, COPX.