Wall Street Today: Cathie Wood’s Ark Invest files to create a bitcoin ETF
S&P 500, Nasdaq close at record highs
Stocks were mixed Monday, with growth shares continuing their recent trend of outperforming value names, as the 10-year Treasury yield sank to 1.47%. The Nasdaq Composite S&P 500 closed at record levels.
The $Dow Jones Industrial Average(.DJI.US$slipped 151 points, or 0.44%. But the $S&P 500 Index(.SPX.US$rose 0.23% and ended at a new record high of 4,290.61. The $Nasdaq Composite Index(.IXIC.US$advanced 1% to a record 14,500.51.
The $Dow Jones Industrial Average(.DJI.US$slipped 151 points, or 0.44%. But the $S&P 500 Index(.SPX.US$rose 0.23% and ended at a new record high of 4,290.61. The $Nasdaq Composite Index(.IXIC.US$advanced 1% to a record 14,500.51.
With global stocks poised to close out their fifth quarterly advance amid a worldwide vaccine rollout, the debate over elevated valuations has returned. The S&P 500 is trading above the average of the past decade and demand for against losses in coming months has risen in the options market.
Cathie Wood funds jump as gene editing edges closer to reality
Two Cathie Wood funds are back in the spotlight after adding about $1 billion in market value on Monday following a promising advance in the field of gene editing.
Cathie Wood funds jump as gene editing edges closer to reality
Two Cathie Wood funds are back in the spotlight after adding about $1 billion in market value on Monday following a promising advance in the field of gene editing.
Wood’s Ark Investment Management is a top holder of companies operating in this area after the active investor made an early bet on $CRISPR Therapeutics(CRSP.US$, $Intellia Therapeutics(NTLA.US$and $Editas Medicine(EDIT.US$-- three companies using a technology for editing the human genome called Crispr. Ark is also the second largest holder in $Beam Therapeutics(BEAM.US$, another company working on fixing genetic mutations.
Government antitrust lawsuits against Facebook thrown out by Federal judge
A federal judge against Inc. filed by the federal government and most states, a major win for the company before the cases even got off the ground.
The judge dismissed the case brought by 46 states in its entirety, largely on the grounds that the attorneys general waited too long to bring their claims.
$Facebook Inc(FB.US$shares rose over 4% upon this report, with market cap closing up above $1T for the first time.
Government antitrust lawsuits against Facebook thrown out by Federal judge
A federal judge against Inc. filed by the federal government and most states, a major win for the company before the cases even got off the ground.
The judge dismissed the case brought by 46 states in its entirety, largely on the grounds that the attorneys general waited too long to bring their claims.
$Facebook Inc(FB.US$shares rose over 4% upon this report, with market cap closing up above $1T for the first time.
Morgan Stanley, Goldman Sachs boost shareholder payouts
The largest U.S.
banks said they would boost payouts to shareholders after the Federal Reserve affirmed they are healthy enough to do so.
Five of the six largest banks lifted their dividends on Monday, collectively raising the per-share payouts 40% from levels they held steady or cut during the coronavirus-induced economic collapse.
Cathie Wood’s Ark Invest files to create a bitcoin ETF
Cathie Wood’s Ark Invest with the Securities and Exchange Commission on Monday to create a bitcoin exchange-traded fund.
The ETF’s investment objective is to track the performance of bitcoin, according to the SEC filing. The fund would trade under the ticker symbol “ARKB,” if approved by the SEC. Ark Invest is working in partnership with 21Shares to launch the ETF.
The largest U.S.
banks said they would boost payouts to shareholders after the Federal Reserve affirmed they are healthy enough to do so.
Five of the six largest banks lifted their dividends on Monday, collectively raising the per-share payouts 40% from levels they held steady or cut during the coronavirus-induced economic collapse.
Cathie Wood’s Ark Invest files to create a bitcoin ETF
Cathie Wood’s Ark Invest with the Securities and Exchange Commission on Monday to create a bitcoin exchange-traded fund.
The ETF’s investment objective is to track the performance of bitcoin, according to the SEC filing. The fund would trade under the ticker symbol “ARKB,” if approved by the SEC. Ark Invest is working in partnership with 21Shares to launch the ETF.
El-Erian says the Fed is behind on inflation and risks another recession if it is forced to catch up
Federal Reserve officials are underestimating inflation and risking that the U.S. could fall into another recession, Mohamed El-Erian, chief economic advisor at Allianz, told CNBC on Monday.
Hitachi targets strong US growth under Biden’s infrastructure plan
Hitachi is anticipating a wave of infrastructure spending and a return of manufacturing under the Biden administration, as the Japanese industrial conglomerate bets on the US market to drive its next phase of growth.
Europe risks ‘two track’ rollout of electric car charging points
Almost three quarters of Europe’s car charging points are located in just three EU countries, according to findings by the industry trade body, highlighting the “imbalance” of the region’s electric vehicle network.
ACEA, which represents Europe’s carmakers, warned that poorer nations with fewer charging points risk being left behind by Brussels-issued bloc-wide rules that will drive higher electric car sales later this decade.
$ARK ETFs(BK2551.US$ $Morgan Stanley(MS.US$ $Goldman Sachs(GS.US$
Federal Reserve officials are underestimating inflation and risking that the U.S. could fall into another recession, Mohamed El-Erian, chief economic advisor at Allianz, told CNBC on Monday.
Hitachi targets strong US growth under Biden’s infrastructure plan
Hitachi is anticipating a wave of infrastructure spending and a return of manufacturing under the Biden administration, as the Japanese industrial conglomerate bets on the US market to drive its next phase of growth.
Europe risks ‘two track’ rollout of electric car charging points
Almost three quarters of Europe’s car charging points are located in just three EU countries, according to findings by the industry trade body, highlighting the “imbalance” of the region’s electric vehicle network.
ACEA, which represents Europe’s carmakers, warned that poorer nations with fewer charging points risk being left behind by Brussels-issued bloc-wide rules that will drive higher electric car sales later this decade.
$ARK ETFs(BK2551.US$ $Morgan Stanley(MS.US$ $Goldman Sachs(GS.US$
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Moomoo Recap USOP : With global stocks poised to close out their fifth quarterly advance amid a worldwide vaccine rollout, the debate over elevated valuations has returned. The S&P 500 is trading above the average of the past decade and demand for against losses in coming months has risen in the options market.
RoyLoy : Huh