Fed’s Preferred Inflation Gauge Matches Estimates; Personal Income, Spending Slow More Than Predicted
The headline inflation rate held steady at 2.7% year-on-year in April 2024, matching economist expectations.
OPEC+ Likely To Extend Production Cuts Amid Rising Summer Demand: Report
The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, are expected to extend their current production cuts this weekend, as per delegates and analysts.
Cathie Wood-Led Ark Invest Sells Nearly $28M Worth Of Robinhood Shares Amid Crypto API Launch And Lackluster Bitcoin Price Action
On Thursday, Cathie Wood-led Ark Invest made notable adjustments to its portfolio, including a significant sell-off of Robinhood Markets Inc (NASDAQ:HOOD) shares.
Regional Banks Yet To Recover From SVB Collapse: Time To Invest In The Top Banking ETF?
The Regional Banking ETF is down 13% since the collapse of Silicon Valley Bank in 2023, indicating investor distrust. Q1 earnings show resilience in the sector with positive revenue difference.
New Weight Loss ETF Is Essentially A Play On Eli Lilly, Novo Nordisk
New OZEM ETF offers investors exposure to weight-loss sector through top pharmaceutical companies Eli Lilly and Novo Nordisk, with potential for high growth but also risks.
Fed’s Favorite Inflation Data Due Friday: How Could Markets React To Surprises?
The highly anticipated PCE price index, a key measure of inflation, will be released on Friday. Investors await the data, which could impact interest rates and asset prices.
Tech, Blue Chip Stocks Drop; Small Caps, Real Estate Rebound As Yields Ease; Solar Industry Shines: What’s Driving Markets Thursday?
Wall Street experienced another decline on Thursday, with major large-cap indices affected by a downturn in the tech and communication services sectors.
Investors shifted their focus to market areas that have underperformed compared to tech over the past year, such as small caps, real estate and solar stocks.
Trading Strategies For Marvell Stock Post Q1 Print, A Top Holding In Spear Alpha ETF (SPRX)
Marvell Technology, Inc (NASDAQ: MRVL) was moving slightly higher on Thursday ahead of its first-quarter earnings print set to take place after the market closes.
IBIT Overtakes GBTC As The Biggest Bitcoin ETF: Here’s How They Compare
Bitcoin ETFs experienced consecutive days of net inflows in the last weeks of May, culminating in $45.14 million locked in by May 28.
S&P 500, Dow Jones Indices Experience Price Update Failures
S&P Dow Jones Indices appears to be experiencing some problems in early trading Thursday. Several users have reported issues with live pricing for the S&P 500 Index and the Dow Jones Industrial Average (DJIA). Neither index has updated prices since 10:41 a.m. ET.