US stocks ended markedly higher on Tuesday, and Dow industrials posted a third consecutive gain, fueled by a rally in energy and materials stocks, a day after technology stocks underwent a surprising reversal. . Comments made by members of the Federal Reserve implying increased support for the economy and pointing …
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There is a possibility that the unemployment rate will drop sharply in the next six months, St. Louis Fed President James Bullard said Tuesday. In his webcast comments to the New York Economic Club, Bullard noted that many Americans are still informing the government that they are on a temporary …
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Benchmarks for US stocks boosted gains Tuesday afternoon after Federal Reserve Governor Lael Brainard painted a bleak outlook for the economy facing the COVID-19 pandemic, but said he advocated a policy that stimulates the business sector hit by the virus. Brainard said that Fed policy should do more to boost …
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Investor interest in the exchange-traded thematic funds skyrocketed in the second quarter, according to a report released Monday. Thematic ETFs are funds that identify “powerful and disruptive macro-level trends and underlying investments that will benefit from the materialization of those trends,” wrote analysts at Global X, a thematic issuer of …
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Shares of nCino Inc. NCNO, + 159.71%, A maker of cloud-based software provider for financial institutions, it shot up 154% in its commercial debut on Tuesday, after the company valued its initial public offering above an already increased price range. The IPO is priced at $ 31 late Monday. The …
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