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Stocks Rally After Investors Digest Jobs Report
  + stars: | 2023-06-10 | by ( Jack Pitcher | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/stocks/global-stocks-markets-dow-news-10-06-2023-f08aba32
Persons: Dow Jones Organizations: dow
ETF Providers Rush to Tap Into AI Investing Craze
  + stars: | 2023-06-04 | by ( Jack Pitcher | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/etf-providers-rush-to-tap-into-ai-investing-craze-3ca8e0c2
Persons: Dow Jones
Stocks Slide With Focus on Potential Rate Hike
  + stars: | 2023-06-01 | by ( Jack Pitcher | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/global-stocks-markets-dow-news-05-31-2023-91f8ac0c
Persons: Dow Jones Organizations: dow
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/global-stocks-markets-dow-news-05-18-2023-da40450a
Investors Are Nervous—and That Could Support Stocks
  + stars: | 2023-05-14 | by ( Jack Pitcher | ) www.wsj.com   time to read: 1 min
Investors have a sour outlook on U.S. stocks. Contrarians say that is good news for the market. Turmoil in the banking sector has dragged fund managers’ enthusiasm for stocks to a 2023 ebb, according to Bank of America’s most recent monthly survey. The stress adds to worries including lingering inflation, higher interest rates and a slowing economy that have driven them to cut their stockholdings to their lowest levels relative to bonds since 2009.
Investors Are Nervous—And That Could Support Stocks
  + stars: | 2023-05-13 | by ( Jack Pitcher | ) www.wsj.com   time to read: 1 min
Investors have a sour outlook on U.S. stocks. Contrarians say that is good news for the market. Turmoil in the banking sector has dragged fund managers’ enthusiasm for stocks to a 2023 ebb, according to Bank of America’s most recent monthly survey. The stress adds to worries including lingering inflation, higher interest rates and a slowing economy that have driven them to cut their stockholdings to their lowest levels relative to bonds since 2009.
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/global-stocks-markets-dow-news-07-05-2023-77ab0fea
Persons: Dow Jones Organizations: dow
Stocks Rally to Cap Tumultuous Week
  + stars: | 2023-05-05 | by ( Jack Pitcher | ) www.wsj.com   time to read: 1 min
Shares of online used-car seller Carvana surged after it posted results. Photo: Brandon Bell/Getty ImagesStocks ripped higher Friday on the back of an upbeat jobs report, capping a tumultuous week that saw regional bank stocks buckle even after JPMorgan Chase swooped in to buy failing First Republic Bank and the Federal Reserve chairman said the banking system was sound. Risk appetite returned after Apple , the largest U.S. company by market value, reported first-quarter results that exceeded analyst expectations after the closing bell Thursday. Apple shares rallied 4.7%, helping to snap the S&P 500’s four-day losing streak.
Investors Are Piling Into Actively Managed ETFs
  + stars: | 2023-05-02 | by ( Jack Pitcher | ) www.wsj.com   time to read: 1 min
Investors are pouring money into actively managed exchange-traded funds, underscoring the appeal of active strategies after years of calls for passive index investing to take over. Active funds still make up a sliver of the roughly $7 trillion ETF market—less than 6% of total assets—but have attracted about 30% of the total flows to ETFs so far this year, according to Bloomberg Intelligence. That follows a banner year for active ETFs in 2022, when they gathered roughly 14% of total flows.
Individual investors scooped up shares of single stocks and exchange-traded funds at a near-record clip in the first quarter. They appear to have learned some lessons in risk taking as well. Individuals bought a net $77.7 billion in equities and ETFs on U.S. exchanges in the first three months of the year, according to Vanda Research data, which excludes contributions to 401(k)s and other retirement accounts. That sum trails only the first quarters of 2021 and 2022, when they bought about $80 billion.
Investors are wagering that a general slowdown and tighter lending conditions stemming from the turmoil in the banking sector will force the Federal Reserve to loosen monetary policy sooner than expected. Since the abrupt collapse of Silicon Valley Bank, investors have thrown out the playbook they used last year when they dumped riskier, rate-sensitive technology companies in favor of investments that generated immediate cash for the holder.
The capital markets have been on ice since the collapse of Silicon Valley Bank two weeks ago. No companies with investment-grade credit ratings sold new bonds over the seven business days from March 9 through March 17, the first week in March without a new high-grade bond sale since 2013, according to PitchBook LCD. The market for new junk-bond sales has largely stalled this month, and no companies have gone public on the New York Stock Exchange in more than two weeks.
China’s reopening after three years of zero-Covid policies is attracting investors eager for growth , but some see risk. Wall Street sees a lot to like about Chinese stocks, but there are many skeptics who see better ways of betting on a rebound in the second-largest global economy. As the country’s long-awaited reopening unleashes three years of pent-up consumer demand, analysts see opportunities to profit from a growth wave. Early data point toward a fast rebound in traveling, eating out and “revenge spending” by Chinese consumers after years of severe restrictions.
Individual investors can’t get enough of Tesla Inc. In recent weeks, they have scooped up shares of Elon Musk’s electric-vehicle maker at a frenzied pace, setting repeated records for one-day purchases. Already in 2023, they have spent a net $13.6 billion on Tesla shares, approaching the record sum of nearly $17 billion for all of last year, according to Vanda Research.
Global investors are pouring money into funds that track Chinese stocks, betting that the long-awaited reopening of the world’s second-largest economy will keep powering markets higher. Investors have added more than $2 billion on a net basis this year to U.S.-based mutual and exchange-traded funds that buy Chinese equities, according to data from Refinitiv Lipper. That reflects five consecutive weeks of inflows and marks a reversal from the second half of last year when they pulled almost $1 billion. It also coincides with an exodus from U.S.-focused stock funds.
U.S. stocks rose Monday as investors awaited inflation data due later this week that will help them assess where monetary policy is headed. The S&P 500 gained 46.83 points, or 1.1%, to 4137.29, and the Dow Jones Industrial Average rose 376.66 points, or 1.1%, to 34245.93. The Nasdaq Composite climbed 173.67 points, or 1.5%, to 11891.79.
Robinhood announced its share plans in its quarterly earnings release. Shares in Robinhood Markets Inc. jumped in after-hours trading Wednesday after the company said it plans to pursue repurchasing the shares that Sam Bankman-Fried bought last year. Mr. Bankman-Fried disclosed in May that he had bought a 7.6% stake in Robinhood, calling it an “attractive investment.” The share price initially rallied, jumping 25% the day after Mr. Bankman-Fried revealed his investment.
Pandemic-era darlings like Carvana Co., Coinbase Global Inc. and Peloton Interactive Inc. are back on top of the stock market’s leaderboard, all more than doubling to start the year. After a punishing 2022 when investors dumped shares of those companies and other speculative stocks, traders are piling back into some of the riskiest corners of the market. They are betting the Federal Reserve’s work to cool inflation is nearly done and the central bank will pivot to cutting interest rates as soon as later this year.
Some of the stocks that got crushed in 2022 have surged this year. The market’s comeback in 2023 has been very bad news for one group: short sellers. Short sellers profit from stock declines by borrowing shares of companies that they believe are overvalued, selling them, and then buying them back at a lower price later. They made huge gains in 2022, when markets around the world tumbled.
Thirty years ago, the launch of the first exchange-traded fund ushered in a new era of investing. Now, the industry is bringing exotic trading strategies to the masses. The SPDR S&P 500 ETF Trust, which tracks the benchmark U.S. stock index, gave investors the ability to buy and sell hundreds of stocks through a single, publicly traded share for the first time.
Bonds Over Stocks: The New 60-40 Portfolio
  + stars: | 2023-01-17 | by ( Matt Wirz | Jack Pitcher | ) www.wsj.com   time to read: 1 min
BlackRock is advising clients to buy bonds and sell stocks going into 2023. Investors big and small are betting on bonds, after debt funds in 2022 posted their worst performance on record. The steep selloff in fixed income means that bonds now pay their highest yields in more than a decade. Fund giants such as BlackRock Inc. and Vanguard Group say that makes high-quality corporate and mortgage bonds attractive compared with stocks, which stand to extend their losses from last year if the U.S. economy enters recession.
Corporate Insiders Aren’t Betting on a Market Rebound
  + stars: | 2023-01-05 | by ( Jack Pitcher | ) www.wsj.com   time to read: 1 min
Elon Musk last month pledged to pause his sales of Tesla shares for at least 18 to 24 months. U.S. stocks have been on sale of late, but corporate insiders aren’t finding many bargains. Insider sentiment, measured by the trailing three-month average ratio of companies whose executives or directors have been buying stock versus selling, has dropped for six consecutive months, according to data from InsiderSentiment.com. That is the longest such decline in almost two years.
Stocks Tumble After Robust Economic Data
  + stars: | 2022-12-22 | by ( Joe Wallace | Jack Pitcher | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/global-stocks-markets-dow-update-12-22-2022-11671711835
Stocks Finish Lower After Robust Economic Data
  + stars: | 2022-12-22 | by ( Joe Wallace | Jack Pitcher | ) www.wsj.com   time to read: 1 min
Stocks fell Thursday after economic data pointed to a strong labor market and faster economic growth than previously thought. The S&P 500 tumbled 56.05 points, or 1.4%, to close at 3822.39. The Dow Jones Industrial Average fell 348.99 points, or 1%, to 33027.49. The technology-focused Nasdaq Composite lost 233.25 points, or 2.2%, to close at 10476.12. U.S. markets had rallied Wednesday, fueled by signs of revived consumer confidence, but on Thursday they were on track for their third consecutive weekly decline.
Tesla Bears Are Sitting on $15 Billion in Gains This Year
  + stars: | 2022-12-21 | by ( Jack Pitcher | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/tesla-bears-are-sitting-on-15-billion-in-gains-this-year-11671627666
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