BDRY ETF

U.S. stocks closed the final week and the month of August with gains.

Technology remained the best-performing sector of the second quarter on the AI drive while energy lagged.

Last week, Wall Street became increasingly anxious due to underwhelming corporate updates from major banks, sparking worries about ongoing inflation and the possibility of continued high interest rates.

Iran conducted a series of airstrikes with drones and missiles on Israel on Saturday night, marking its first direct attack on Israeli territory and raising fears of a major escalation.

While Nvidia's ascent and strong earnings reports have buoyed investor confidence, ongoing developments in monetary policy and economic data will continue to shape market sentiment in the weeks and months ahead.

Recent weeks have seen a surge in security threats in the Red Sea, primarily due to attacks by Yemen-based Houthi militants. This has forced shipping companies to adjust their usual navigation routes, resulting in an unintended substantial rise in freight rates.

Red Sea serves as a critical transit route for oil. Consecutive Houthi attacks in this area for the past two months may boost these ETF areas.

Shipping and energy sectors are the biggest winners from the attack in Red Sea.

Recent attacks on vessels in the Red Sea have led major shipping companies to halt shipments through the waterway which is a key route for oil, refined products, and other consumer goods.