Eric Balchunas: Nvidia falls 5 percent pre-market while SPY ETF gains

Eric Balchunas: Nvidia falls 5 percent pre-market while SPY ETF gains
Nvidia falls, SPY ETF gains pre-market

Nvidia shares were down 5 percent in pre-market trading due to a reported incident involving a Chinese spy, while the SPY ETF was up 70 basis points in pre-market activity.

Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence, described this as an example of how indexing functions as a team sport.

Eric Balchunas has previously commented on new ETF launches. He recently noted the debut of the REX Peptide ETF (PEPT) targeting weight loss drug makers. In another report, he covered William Blair's first international and emerging markets ETFs with lower fees than the firm's mutual funds.

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