Big Tech ETF on pace to snap weekly winning streak amid S&P 500 breadth worries
Megacap stocks can “mask a lot of the internal weakness” in the S 500, says Todd Sohn, an ETF strategist at Strategas.
Megacap stocks can “mask a lot of the internal weakness” in the S 500, says Todd Sohn, an ETF strategist at Strategas.
"If we don't recover pretty dramatically between now and Friday's close, so just two days, we will see sell signals in our intermediate-term metrics."
Bitcoin hit a new all-time high, while MicroStrategy continues stacking BTC and prepares for it’s Nasdaq 100 stock listing. Ripple finally launched its stablecoin, with big plans for global payments and XRP integration. Meanwhile, Hedera and Chainlink team up to accelerate DeFi adoption, and Anchorage Digital scores a BitLicense for New York operations. Plus, Pudgy Penguins holders can now claim their PENGU airdrop on Solana—but don’t miss the deadline! Keep reading for the biggest updates in cr
A food company has chosen Kentucky for a facility that will employ more than 900 people, Gov. Andy Beshear said Thursday, saying the project ranks as the fifth-largest jobs project since he took office. Kitchen Food Co., an Australia-founded premium ready-meals business, will locate a prepared foods facility in Hopkinsville and create 925 jobs as part of its $69 million investment, Beshear announced. Hopkinsville is about 170 miles (275 kilometers) southwest of Louisville, Kentucky.
Micron shares dropped as investors digested weak guidance. Analysts at Bank of America and UBS lowered their prices targets for the stock after earning.
The Northeast's "exurbs," or smaller cities beyond the suburbs but in commuting distance of major cities, dominated the top 10 housing markets this year.
Indexes rose after a broad sell-off on Wednesday after the Federal Reserve back rate-cut expectations at its policy meeting.
UnitedHealth shares have been on the decline since the CEO of its UnitedHealthcare unit was killed in New York City on Dec. 4. Monitor these important chart levels.
Stocks are looking to bounce back from their worst day since the summer.
Exchange-traded funds are rewriting the financial playbook, with 2024 marking a historic year for the industry. From record-breaking flows to innovative fund launches, Bank of America detailed $1.6 trillion in ETF inflows this year in a new note. The global ETF market has grown to a staggering $15.1 trillion in assets under management. Additionally, ETF launches hit an all-time high of 1,485 in 2024, and institutional ownership continues to surge, cementing ETFs as the cornerstone of modern inve