Long-term U.S. Treasuries rally on soft economic data, leading to expectations of Fed rate cut in Sept. Popular TLT ETF breaks key downtrend & 50-day MA, while other bond ETFs see even higher gains.
Indian stock market drops as Modi's coalition is predicted to lose majority. Nifty 50 index fell by 5.9%, worst since March 2020. US investors face volatility with Indian ETFs.
Fidelity's move is seen as an attempt to generate new industry revenues amid a shift from mutual funds to generally cheaper and more tax-efficient ETFs.