iShares U.S. Financial Services ETF Price & Performance (IYG)

FedEx shares fell over 8% pre-market Friday as the company reduced its fiscal 2025 earnings forecast. Broader markets also declined, with S&P 500 futures down 0.3% and Nasdaq futures slipping 0.4%. Tariff uncertainty contributed to the negative sentiment, signaling potential economic challenges ahead.1

The global ETF industry reached a record $15.5 trillion in assets at February's end, driven by $61.67 billion in net inflows from the top 20 ETFs. SPDR S&P 500 ETF Trust led with $8.67 billion in inflows, reflecting a strong investor preference for equity-focused funds.2

Discover Financial Services stock has fallen 21.2% from its 52-week high, underperforming the iShares U.S. Financial Services ETF. Despite a 33.8% gain over 52 weeks, recent declines reflect challenges in maintaining momentum, though increased interest income and transaction volumes offer some optimism.3