sank as the social media company posted a sluggish start to the year in its advertising business.
A key measure of consumer prices, known as the personal consumption expenditure price index, that the Federal Reserve officially uses for its target rose 2.3% in March from a year earlier, the biggest gain since 2018.
With the S&P 500 poised to end the first four months of 2021 with a rally of more than 10%, the adage of “sell in May and go away” may be on many investors’ minds.
The S&P 500 Information Technology Index’s ratio to the benchmark gauge of American equities set this year’s low in March, and then climbed as demand for the debt caused yields to fall.
The London-based International Financial Reporting Standards Foundation has been asked by governments and financial regulators to set up the new body for writing standards on how listed companies should disclose risks from climate-change on their operations.
early in 2020 as the pandemic crushed travel, has been trimming its bank holdings over the past year in a major shift for a portfolio that had roughly 41% of its fair value concentrated in banks, insurers and financial firms at the end of 2019.When he addresses shareholders, another potential theme could be how businesses adjust as the recovery unfolds: With vaccines rolling out, large corporations are re-examining everything from customer demand to their return-to-office plans.
Futures tied to the S&P 500 added 0.8%, suggesting that the broad-market index may resume its march toward a fresh record after the opening bell.
The S&P 500 hovered near record highs on Thursday, helped by gains in Facebook and upbeat economic data, while the Nasdaq eased as investors locked in profits from certain megacap technology firms. Seven of the 11 major S&P 500 sectors were trading higher, with communication services stocks leading gains.
That’s pushed the Bloomberg Commodity Spot Index to the highest level since 2012 this week.“This week saw an avalanche of strong data and reassuring developments in the U.S., but that may have buried the rising global risk of more transmissible Covid variants,” said Vandana Hari, the founder of energy consultant Vanda Insights in Singapore.
After a year of ordering in, more Americans have started to go back to restaurants as a $1,400 stimulus payment from the government in March boosted spending, while the rollout of COVID-19 vaccines lifted consumer confidence.
-AstraZeneca said its COVID-19 vaccine sales were $275 million in the first-quarter and it is on track to deliver 200 million doses a month from April, as better-than-expected results and a second half growth forecast boosted its shares.
SEOUL -Stakes in Samsung Electronics and affiliates held by its late chairman were divided among his family and appear to bolster the control of his son and the company’s vice chairman, Jay Y.
The Invesco Solar ETF is its top holding at 14.2%, and two Ark Investment Management products — the ARK Genomic Revolution ETF and ARK Fintech Innovation ETF — each comprise more than 9%.Thematic ETFs have exploded in popularity within the past year as retail investors entered the market in droves, eager to bet on unique niches.
The S&P 500 closed at a record high on Thursday, fueled by gains in Facebook following its strong earnings report, while Amazon jumped in extended trade following its quarterly report.