The S&P 500 and Nasdaq both ended lower due to growth in stocks
Tuesday marked the start of a holiday-shortened week, and Wall Street finished lower as surging U.S. Treasury yields put pressure on mega-cap shares that are sensitive to interest rates.The tech-heavy Nasdaq was most negatively impacted by growth stocks (.IGX). Value stocks aided the Dow to maintain nominal gains while the S&P 500 followed the Nasdaq […]
S&P 500 plunges to a two-year low; bear market rally crushed
On Tuesday, the S&P 500 (.SPX) dropped to a level below its June low amid concerns about extremely vigorous Federal Reserve policy tightening, prompting investors to estimate how much lower stocks would have to drop before stabilising.Since late August, when the U.S. Federal Reserve made statements and took bold actions that suggested the central bank’s […]
Rocky market giving macro funds a boost
Hedge funds that bet on bonds, currencies, stocks and commodities are among the industry’s biggest winners this year easily outpacing growth and tech funds’ returns and preparing to see significant inflows of capital as the stock market hovers near bear market territory. So-called global macro funds returned 10.3% in the first four months of the […]
S & P 500 ends at record high as Wall Street rises
Wall Street climbed, with the S&P 500 closing at a record high, as investors awaited cues from the Federal Reserve amid caution over rising borrowing costs spurred by massive fiscal stimulus. In a concrete sign that the worst of the damage from the pandemic may be over for the airline industry, Delta Air Lines, Southwest […]