The S&P 500 index (SPX) notched its 26th record close of 2024 on Monday, ending at an all-time high of 5,360.79 after minor dips on Thursday and Friday. This milestone marks the 26th record close this year, per Dow Jones Market Data. The Nasdaq Composite (COMP) also reached its 14th...
Why Trades Following Monday’s NYSE Glitch Are Likely to Be Reversed Monday’s NYSE glitch prompted many investors to seize the opportunity to acquire Berkshire Hathaway’s Class A shares at a staggering discount exceeding 99%, according to FactSet data. However, even if some managed to execute orders before trading halted, it’s...
The new month of equity trading kicks off on a positive note, led by gains in Nvidia (NVDA) shares after the AI chipmaker announced its next-generation Rubin platform, set for release in 2026. However, benchmark Treasury yields are less than 20 basis points from their highest levels since early November,...
S&P 500 Posts Strongest May Since 2020, Defying ‘Sell in May’ The S&P 500 index recorded its strongest May performance since 2020, raising hopes for a summer rally and challenging the popular “sell in May and go away” adage. “Momentum leads price, and a strong May increases the odds of...
Early Friday, stock index futures indicate the S&P 500 may face another decline. Over the past two days, the Wall Street barometer has fallen 1.33% due to disappointing technology sector earnings, which have dampened optimism about AI-related companies. Rising borrowing costs have also hurt sentiment. Midweek, the 2-year Treasury yield...
Putnam Large Cap Growth Fund’s Strategy for Durable Growth Investors often demand superior performance to justify higher fees for active management. While outperforming broad stock indexes is challenging and fees can contribute to underperformance, active management can employ strategies to mitigate long-term risk, even with an aggressive growth focus. The...
