Wall Street was steady last week as the S&P 500 added 2.1%. The Dow Jones gained 3% and the Nasdaq advanced 2%, thanks to fading geopolitical tensions and ebbing tariff-related fears. Among the key developments, America's top banks announced plans to raise their third-quarter dividends following successful results from the Federal Reserve’s latest annual stress test.
The results indicate that the banks have sufficient capital to weather severe economic disruptions, including recession, high unemployment, and market instability (read: Banks Lift Payouts Amid Successful Stress Test: ETFs in Focus).
Nonfarm payrolls in the United States rose by 147,000 in June 2025, following an upwardly revised 144,000 in May and well above forecasts of 110,000. The reading was also in line with the average monthly gain of 146K over the prior 12 months.
Meanwhile, the House of Representatives narrowly passed Donald Trump's sweeping economic legislation, dubbed the "Big, Beautiful Bill," on July 3, 2025 following a dramatic and emotional debate. The final tally stood at 218-214, with only two Republicans — Reps.
Healthcare cuts emerged as one of the bill’s most contentious elements, with projections suggesting millions of Americans could lose coverage. Clean energy provisions also triggered backlash. The final bill abandoned the most extreme proposals but marks a clear pivot away from federal support for renewable energy.
Any Wall of Worry?
Despite the buoyant mood, analysts on Wall Street are signaling caution. The economic data remains murky. A downward revision to Q1 GDP growth, a slight rise in PCE inflation, and continued jobless claims — now at their highest since 2021— point to softness in the labor market.
Winning ETFs of Last Week
Against this backdrop, below we highlight a few winning exchange-traded funds (ETFs) of last week.
CoinShares Valkyrie Bitcoin Miners ETF WGMI – Up 21.1%
The CoinShares Valkyrie Bitcoin Miners ETF provides exposure to companies involved in bitcoin mining operations and does not invest directly in bitcoin. The fund charges 75 bps in fees.
Grayscale Bitcoin Miners ETF MNRS – Up 16.2%
The underlying Indxx Bitcoin Miners Index measures the performance of global Bitcoin mining companies that generate the majority of their revenue from Bitcoin mining activities or mining-related hardware, software, services, or projects. The fund charges 59 bps in fees.
Schwab Crypto Thematic ETF STCE – Up 14.7%
The underlying Schwab Crypto Thematic Index (Net) seeks to deliver global exposure to companies that may benefit from the development or utilization of cryptocurrencies and other digital assets, and the business activities connected to blockchain and other distributed ledger technology. The fund charges 30 bps in fees.
Invesco Solar ETF TAN – Up 12.9%
The underlying MAC Global Solar Energy Index is comprised of companies in the solar energy industry. The fund charges 67 bps in fees.
ProShares S&P Kensho Cleantech ETF CTEX – Up 11.7%
The underlying S&P Kensho Cleantech Index tracks the performance of companies focused on building technologies or products that enable the generation of energy in a clean manner. The fund charges 58 bps in fees.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Invesco Solar ETF (TAN): ETF Research Reports ProShares S&P Kensho Cleantech ETF (CTEX): ETF Research Reports Schwab Crypto Thematic ETF (STCE): ETF Research ReportsThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
