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Bond investors are abandoning aggregate benchmarks in favor of a broad mix of fixed-income investments to maximize yield with the stock market on edge.
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SpaceX has joined a growing cohort of companies that use dual class share structures to ensure many shareholders have little say in how they are run.
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Citrini Research says the artificial intelligence trade is getting crowded and investors might start refocusing on some less popular sectors with promise.
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Debt investors will scrutinise Musk's rocket company more closely than equity markets, says Ludovic Subran
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DayMark Wealth Partners has reached the final close of DayMark Fund I at $25m, completing the vehicle in partnership with Opto Investments. The fund was structured to offer accredited investors and qualified clients with diversified, growth-oriented exposure to private markets through a single vehicle. Capital will be split equally between private equity and venture capital, […]
The post DayMark closes $25m private markets fund with Opto appeared first on AltAssets Private Equity News.
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Stocks continued their push higher Friday, with today's gains helping the major market indexes snap a three-week losing streak.
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There was nothing particularly new today to boost investor sentiment. Both the economic and earnings calendars were thin. And early afternoon speeches from Kansas City Fed President Esther George and Fed Governor Christopher Waller echoed the hawkish tone struck by central bank officials in recent weeks. It could just be that Wall Street has come to terms with the fact that the Fed will almost certainly issue a third-straight 75 basis point rate increase at its policy meeting later this month. Or perhaps investors are simply taking advantage of bargains from the late-August selloff.
Whatever the reason, today's rally was broad-based, with all 11 sectors finishing higher. Leading the pack was communication services, which jumped 2.8% on strong gains for components Meta Platforms (META, 4.4%) and Netflix (NFLX, 2.7%). Energy ( 2.5%) also outperformed as U.S. crude futures bounced 3.9% to $86.79 per barrel.
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As for the major indexes, the Nasdaq Composite's 2.1% rally to 12,112 outpaced its peers. Still, the S&P 500 Index ( 1.5% to 4,067) and the
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 Investors pulled out of most asset classes, with stocks and bond funds seeing a combined $36 billion of outflows in the week to Wednesday, BofA said, amid fears of economic damage from the ...
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