The Materials Select Sector SPDR Fund ETF (NYSEARCA:XLB), which tracks the S&P 500 materials sector, shed 4.7% in the second quarter of 2024, underperforming the broader S&P 500 index, which increased by 4.1% during the same period. The materials sector rose nearly 9% in the first quarter. Newmont (NEM) sawContinue Reading
DNY59 Industrial Select Sector SPDR Fund ETF (NYSEARCA:XLI), which tracks the S&P Industrial sector, fell about 2.64% in the second quarter of 2024, compared to an 11.63% rise in the first quarter of the year. The industrial sector (SP500-20), which has an 8.5% weightage on the S&P 500, fell anotherContinue Reading
The S&P500 (SP500) closed in the red on Friday, after an eventful week that saw companies including Micron Technology (NASDAQ:MU) and Nike (NYSE:NKE) posting quarterly results. The market also focused on inflation data and the first U.S. presidential debate of the year. For the week, the Nasdaq (COMP:IND) advanced overContinue Reading
Financial Select Sector SPDR Fund ETF (NYSEARCA:XLF), which tracks S&P 500 financials sector, has seen a slower second quarter and has fallen 1.9% since the start of April. The financials sector’s gain lagged behind the S&P 500’s rise of 4.1%. The sector, which showed consistent gains in the first threeContinue Reading
Daniel Balakov Quantitative strategists at Bank of America have set out to bust a few market “myths,” saying there are some investment adages that sound smart, but it turns out that those narratives don’t work. The U.S. Quantitative Strategy team led by Savita Subramanian said amid a continued period ofContinue Reading
Communication Services Select Sector SPDR Fund ETF (NYSEARCA:XLC), which tracks S&P 500 Communication services sector, gained over 5% during the second quarter, outperforming the 4.6% rise in the broader S&P500 Index. The communication services sector, which consists of stocks including Alphabet (GOOG), Meta Platforms (META), Disney (DIS) and Comcast (CMCSA),Continue Reading
Jun. 28, 2024 10:59 AM ETSPY, AMZN, NVDA, GDX, EVX, AMLP, VOO, INCO, URTH, META, EMQQ, GBTC, MILN, ESGU, BLOK, AIQ, ESPO, SP500, FIVG, METV, USCABy: Carla Mozee, SA News Editor Michael M. Santiago/Getty Images News Exchange-traded funds focused on bitcoin (BTC-USD), blockchain technology and the Indian economy represented theContinue Reading
Pornpimone Audkamkong A CyberMetals study examined investing preferences among different age groups of investors. The team surveyed 1,004 investors “to explore their preferences and trust in different investment vehicles.” This included 60% of respondents from the U.S. and 40% from the U.K., from which 15% were Gen Z, 50% wereContinue Reading
Kenstocker/iStock via Getty Images Google (NASDAQ:GOOG)(NASDAQ:GOOGL) is the most common company consumers associate with artificial intelligence, according to a survey by Jefferies. When asked what companies one most associates with AI, 63% of consumers thought of Google. This was followed by OpenAI at 51%, Meta Platforms (NASDAQ:META) with 44% andContinue Reading
Khaosai Wongnatthakan OpenAI’s sudden move to restrict access to its services in China has set the stage for a battle between domestic AI players, from Alibaba (NYSE:BABA) to Baidu (NASDAQ:BIDU), to grab more of the space in the AI arena, Bloomberg News reported. Microsoft (MSFT)-backed OpenAI sent memos this weekContinue Reading
