Despite the gains recorded as recanted, the S&P 500 is still down more than 7.5% in the year-to-date period, as it is set to close this month as its absolute worst since March 2020.
The top picks for Cathie Wood’s Ark Innovation ETF include Tesla Inc which accounts for approximately 10.40%, closely followed by Coinbase Global Inc which represents 6.09% of the total assets under management.
With Bitcoin gaining 2.62% in the last 24 hours, shares of Coinbase and MicroStrategy may also begin to garner some points.
Investors are decidedly shunning risky assets and putting funds into growth stocks ahead of the proposed market stabilization era.
There is widespread belief that the Fed will hike interest rates at its upcoming meeting, even as tech stocks underperformed last week.
Apple is currently working on four new iPhones, including iPhone 14, iPhone 14 Max, iPhone 14 Pro, and iPhone 14 Pro Max.
The plans by the FOMC to increase interest rates are also projected to be commensurate with the tapering of bond purchases by at least $100 billion monthly.
Government bond yields remained high with the two-year treasury adding 1.04% and the 10-year note hitting a high of 1.87%.
Netflix blamed increased competition from other streaming companies for the slowdown.
The figures Netflix posted seemed to affect US stocks as index futures performance was unbalanced between the DIJA, Nasdaq Composite, and the S&P 500.
Peloton stock has dropped 84.68%, 32.27%, and 74.46% in the past year, YTD, and three months respectively.
Through the Amazon app, users will have personalized information and save them time to select from a huge stack.
The growth of China’s Hang Seng Index was not replicated in the United States as all major indices gave up their gains to close Wednesday’s session in a bearish manner,
Sony is also likely to ink new acquisitions in the near future to solidify its position.
Morgan Stanley recorded net revenues of $14.5 billion and $59.8 billion during the fourth quarter and full-year respectively.