Nikada This week’s financial gainers were led by major Japanese lenders as the yen continued to weaken (significantly) against the dollar. On the flip side, bitcoin (BTC-USD) miners fell the most with cryptocurrency prices pulling back. Overall, financial stocks (with market cap over $2B) finished the week ended June 28Continue Reading
hxdbzxy/iStock via Getty Images The S&P 500 (SP500) on Friday advanced +14.48% for the first half of 2024 and +4.14% in Q2, while its accompanying SPDR S&P 500 ETF Trust (NYSEARCA:SPY) moved +4.22% in the quarter and +14.5% for H1. The benchmark index has been recently driven largely by aContinue 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
Aajan/iStock via Getty Images UBS analysts highlighted the top contributors to EPS growth for the S&P 500 (SP500) during the second quarter. S&P 500 EPS is forecasted to grow 7.8% in the second quarter, assuming a typical pace of revisions and surprises, with growth finishing at 10.5-11%, analysts, headed byContinue Reading
CHUNYIP WONG Collectibles are the most searched-for type of investment in America’s 50 most populated cities, and gold (XAUUSD:CUR) fever appears alive in the West, according to a study by investment platform CyberMetals. The platform in a broader survey about the investment landscape found California lead the top 10 statesContinue Reading
Information Technology has been the best performing name among all 11 S&P 500 (SP500) sectors in the first half of 2024, but Cathie Wood’s actively managed ARK Innovation ETF (NYSEARCA:ARKK) – which aims to provide investors exposure to disruptive innovation and technology – was unable to keep up with it.Continue Reading
The tech-focused Nasdaq 100 (NDX) index has seen a strong 2024 so far, with the gauge trading higher on the year by 19.1% with just a few days left in H1. Within the average’s top 10 performing names, two stocks have returned triple digits, while all other constituents have providedContinue Reading
Singapore, Singapore, June 25th, 2024, Chainwire Ranked the number one derivatives DEX by volume, SynFutures V3 tops $100 billion in cumulative trading volume on Blast SynFutures, the leading DeFi derivatives protocol, has just crossed $100 billion in cumulative trading volume on Blast. The milestone comes less than four months followingContinue Reading
This week marks the last handful of trading days for the first half of 2024, as market participants watched the benchmark S&P 500 (SP500) advance 15.1% year to date. As the first half of 2024’s trading concludes, investors can look back to see the top 10 performing S&P 500 namesContinue Reading
The S&P 500 (SP500) on Friday saw small moves, with the expiration of major options not adding to the volatility of the session. For the week, the Nasdaq (COMP:IND) was flat. The S&P (SP500) and Dow (DJI) advanced 0.61% and 1.45%, respectively. Wall Street had a slew of upgrades andContinue Reading
