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...
How Are Stock-Index Futures Trading? On Tuesday, the Dow Jones Industrial Average dropped 217 points, or 0.55%, to 38,853. The S&P 500 edged up by 1 point, or 0.02%, to 5,306, while the Nasdaq Composite climbed 99 points, or 0.59%, to 17,020. Futures suggest that U.S. stock indices will open...
As summer and the mid-year mark approach, investors are finding success by sticking with stocks. Clare Hart, Morningstar’s 2024 “Outstanding Portfolio Manager,” shares her strategy as she wraps up a two-decade tenure at JPMorgan’s Equity Income Fund (OIEIX). Under her guidance, the fund has averaged a 9.4% annualized gain since...
With 62% of U.S. adults holding investments in corporate America, reducing consumer demand enough to curb inflation seems increasingly difficult. Last week, U.S. stocks reached new all-time highs, enhancing the financial well-being of millions and complicating the Federal Reserve’s battle against inflation. According to Gallup data released this month, 62%...
