The ARK Holdings selection refers to a family of exchange traded funds (ETFs) managed by ARK Investment Management LLC (ARK). ARK was founded in New York City in 2014 by Cathie Wood, a prominent investor known for her bullish stance on technology stocks. The firm's investment philosophy is centered around identifying disruptive technologies and investing in companies that are positioned to benefit from these trends. The ARK ETFs have gained attention from investors and analysts due to their strong performance and unique investment approach. ARK currently has eight ETFs: ARKK, ARKW, ARKG, ARKQ, ARKF, ARKX, PRNT, LZRL.
Ethereum ETFs Get Final Go-Ahead From The SEC: What Happen's Next?
In a landmark development, the SEC has approved the commencement of trading for spot Ethereum (CRYPTO: ETF) exchange-traded funds Monday, exposing mainstream investors to the price moves of the world'
Options Market Statistics: Big Tech Stocks Surge on Monday, Boosting S&P 500 and Nasdaq Gains
News Highlights
AU Morning Wrap: Australian Stock Market Gains Momentum with Tech Rally
Australian stock market gains momentum with tech rally. Stocks to watch: Woodside Energy, Transurban, Brainchip.
Bitcoin ETF has seen inflow of funds for four consecutive weeks, and the market is waiting for Trump's speech at the heavyweight cryptos conference this week.
Bitcoin ETF has received inflow of funds for the fourth consecutive week, with a total inflow of more than $3.1 billion in four weeks. Harris has not publicly commented on her views on cryptos, but if her position is similar to Biden's, traders may continue to believe that Trump is more favorable to the industry. Media reports suggest that Trump may propose to list bitcoin as a strategic reserve asset at this week's bitcoin conference.
S&P rose more than 1%, small cap index rose 1.7%, Tesla and Nvidia rose about 5% each, while commodity fell again.
U.S. stocks rose with the S&P up over 1%, the largest increase in seven weeks, and the NASDAQ up 1.6%. Funds have returned to small cap stocks, with the small cap index rising 1.7%. Investors bought U.S. tech stocks on the dip, and only Apple and Amazon among the seven tech giants declined, with Tesla and Nvidia both up about 5%. Cybersecurity leader CrowdStrike, which triggered a global IT failure, fell more than 13%, nearly erasing this year's gains. Some Trump trades cooled down, with electric cars and photovoltaic stocks rising and petroleum stocks falling. There was a new variable in the U.S. presidential election over the weekend, and safe-haven demand initially pulled down U.S. bond yields and the dollar while boosting gold, but panic subsided and the VIX volatility index fell 10% from its highest level in nearly three months. The China concept stock index surged 2.8%, while offshore Renminbi fell more than 110 points to a two-week low. Oil prices initially fell more than 1%, and metal fell sharply.
Notable Earnings After Tuesday's Close