Cloud Computing Stocks Rebound: SKYY Rises Into Presidents Day Break, Tuesday Reopen in Focus
Cloud-focused ETFs rose about 2.6% Friday, led by SKYY, as U.S. inflation data came in softer than expected and Treasury yields fell. The First Trust Cloud Computing ETF closed at $114.26. Major indexes ended the week lower despite the move. U.S. markets are closed Monday for the holiday.