If Tesla is added to the S&P 500 stock index this year, it will be a great victory for the electric vehicle maker and its shareholders. This is because money managers who manage funds that track the index or compare its performance against it will have to buy Tesla shares. …
Read More »Cruise ship stocks plunge as CDC’s extension of the no-sail order could be just the beginning
The actions of the cruise operators were affected on Friday by the extension of the order of prohibition of navigation on the part of the Centers for the Control and the Prevention of Diseases, as a result of the recent increase in the cases of COVID-19. The CDC said passenger …
Read More »The hidden risk in your S&P 500 index fund
How much of your retirement savings are you currently gambling with the fortune of just six companies? If you have them on an S&P 500 SPX, -0.14% Stock index fund, the answer is: about a quarter. That’s what the so-called “FANMAG” —Facebook FB, -0.70%, Apple AAPL, -0.46%, Netflix NFLX, -7.44%, …
Read More »Wall Street to open higher on optimism about economic recovery
(Reuters) – Major Wall Street indexes would open higher on Friday as investors bet on further official stimulus to fuel a post-pandemic economic revival, even as the COVID-19 cases saw yet another record increase in the country. FILE PHOTO: Traders Wear Masks While Working on the Floor of the New …
Read More »Nio Stock Drops, Netflix Sinks and Dow Might Open Higher
Text size US stocks rose slightly in pre-trade, as investors worried about rising tensions between the US and China, as well as cases of coronaviruses continuing to rise in what appears to be a stereotypical summer. on Friday. Dow Jones Industrial Average futures were up 75 points, or 0.3%. S&P …
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