Wall Street Today:Cathie Wood's new ETF shuts out banking, fossil fuels
Asia stocks set to dip on recovery, stimulus risks: Markets Wrap
Asian stocks look set to dip Wednesday as traders evaluate economic risks from the delta virus strain and the prospect of a reduction in pandemic-era central bank stimulus support.
Asian stocks look set to dip Wednesday as traders evaluate economic risks from the delta virus strain and the prospect of a reduction in pandemic-era central bank stimulus support.
Futures for Japan, Australia and Hong Kong all fell. U.S. stocks edged back from all-time highs amid some mixed data, including a drop in consumer confidence to a six-month low and a record jump in home prices. S&P 500 and Nasdaq 100 contracts climbed in early Asian trading.
Cathie Wood's new ETF shuts out banking, fossil fuels
Cathie Wood is getting ready to debut a new exchange-traded fund focused on transparency.
Ark Investment Management's Transparency ETF will closely follow an index that excludes industries including alcohol, banking, gambling and oil and gas, Wood's company said in on Tuesday. The top holdings in the 100-company gauge are largely tech and consumer firms such as $Salesforce(CRM.US$, $Microsoft(MSFT.US$, $Apple(AAPL.US$, $Nike(NKE.US$and $Chipotle Mexican Grill(CMG.US$, An old Ark favorite, Elon Musk's $Tesla(TSLA.US$., also makes the cut.
Google, Apple hit by first law threatening dominance over App-Store payments
$Alphabet-A(GOOGL.US$and $Apple(AAPL.US$will have to open their app stores to alternative payment systems in South Korea, threatening their lucrative commissions on digital sales.
A bill passed Tuesday by South Korea's National Assembly is the first in the world to dent the tech giants’ dominance over how apps on their platforms sell their digital goods. It will become law once signed by President Moon Jae-in, whose party strongly endorsed the legislation.
Pinterest rare loser among Online-Ad stocks as user growth slows
$Pinterest(PINS.US$was the hottest social-media stock of 2020, but Wall Street is growing cautious after a couple of disappointing quarters sowed doubt that new pandemic-era users will stick with the platform.
Ark Investment Management's Transparency ETF will closely follow an index that excludes industries including alcohol, banking, gambling and oil and gas, Wood's company said in on Tuesday. The top holdings in the 100-company gauge are largely tech and consumer firms such as $Salesforce(CRM.US$, $Microsoft(MSFT.US$, $Apple(AAPL.US$, $Nike(NKE.US$and $Chipotle Mexican Grill(CMG.US$, An old Ark favorite, Elon Musk's $Tesla(TSLA.US$., also makes the cut.
Google, Apple hit by first law threatening dominance over App-Store payments
$Alphabet-A(GOOGL.US$and $Apple(AAPL.US$will have to open their app stores to alternative payment systems in South Korea, threatening their lucrative commissions on digital sales.
A bill passed Tuesday by South Korea's National Assembly is the first in the world to dent the tech giants’ dominance over how apps on their platforms sell their digital goods. It will become law once signed by President Moon Jae-in, whose party strongly endorsed the legislation.
Pinterest rare loser among Online-Ad stocks as user growth slows
$Pinterest(PINS.US$was the hottest social-media stock of 2020, but Wall Street is growing cautious after a couple of disappointing quarters sowed doubt that new pandemic-era users will stick with the platform.
People turned to Pinterest while isolating at home last year, leading to a jump in users, along with greater online commerce and advertising spending. But that tailwind -- which fueled a 254% rally in 2020 -- appears to be waning as the economy reopens, with the number of active Pinterest users dropping in the second quarter.
Wall Street traders driving S&P 500 records loaded up on hedges
Stocks may have just wrapped up August with 12 record closes, but Wall Street investors aren’t losing all self-control just yet.
Stocks may have just wrapped up August with 12 record closes, but Wall Street investors aren’t losing all self-control just yet.
Belying the near-extinction of short-sellers and fears of a market melt-up, options traders remain vigilant as the historically poor month of September for the S&P 500 looms. The index slipped 0.1% Tuesday, though August still gained 2.9%.
Microsoft's first major operating system in 6 years, Windows 11, launches Oct. 5
$Microsoft(MSFT.US$said Tuesday it will start offering free upgrades to Windows 11, the next version of its desktop operating system, to eligible PCs on Oct. 5.
Microsoft's first major operating system in 6 years, Windows 11, launches Oct. 5
$Microsoft(MSFT.US$said Tuesday it will start offering free upgrades to Windows 11, the next version of its desktop operating system, to eligible PCs on Oct. 5.
Windows, originally released in 1985, remains a key piece of Microsoft's business. In it's fiscal fourth quarter, Windows delivered $6.6 billion in revenue, representing 14% of the software and hardware company's total sales. A successful release of Windows 11 could further secure the franchise's future, which can also benefit other parts of Microsoft's business, such as Azure and Office.
There are mounting risks that make September a potentially hazardous time for stocks
After seven months of gains, stocks face plenty of potential risks that could make September live up to its reputation as the worst month of the year for the market.
There are mounting risks that make September a potentially hazardous time for stocks
After seven months of gains, stocks face plenty of potential risks that could make September live up to its reputation as the worst month of the year for the market.
According to CFRA, the $S&P 500 Index(.SPX.US$has been positive just 45% of the time in September going back to World War II. The average 0.56% decline in the month is the worst of all months, with February the only other month with an average negative performance.
US investors bank on derivatives to guard against stocks slowdown
Investors are increasingly turning to derivatives strategies to guard against a slowdown in the $51tn US equity market, suspecting that the white-hot rally this year is starting to run out of steam.
US investors bank on derivatives to guard against stocks slowdown
Investors are increasingly turning to derivatives strategies to guard against a slowdown in the $51tn US equity market, suspecting that the white-hot rally this year is starting to run out of steam.
Large institutional money managers have already shown a cautious tilt in recent weeks, opting for funds likely to do well in tougher economic or market environments.
Source: Bloomberg, Dow Jones, CNBC, Financial Times
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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