Certain exchange-traded funds, or ETFs, experienced a significant surge following Fed ChairJerome Powell's speech at the Jackson Hole Symposium.
"The time has come for policy to adjust," Powell said in a speech.
The reassuring statement regarding upcoming rate cuts sparked a strong rally in the most interest rate-sensitive corners of the stock market during Friday's session. Here's a look at three of the top-performing industry ETFs on Friday: regional banks, solar, and home builders.
1) Regional Banks
TheSPDR S&P Regional Banking ETF (NYSE:KRE) surged 5% by 3:00 p.m. ET, setting up for...
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