U.S. stocks were falling on Wednesday morning, weighed down by the 1.2% slump of the Nasdaq Composite.
The S&P 500 was also falling nearly 0.9%, with the consumer discretionary and the information technology sectors each down around 1.4% as of 10:20 a.m. Eastern time, according to FactSet data.
» Read more about: Tech stocks weigh on the broader market, Target drags down the S&P 500 »
Big Tech stocks were falling sharply Wednesday, as investors awaited Nivia Corp.’s quarterly earnings results.
The Roundhill Magnificent Seven ETF, whose portfolio consists of seven Big tech stocks, was down a sharp 1.2%, according to FactSet data, at last check. Tesla Inc., Google parent Alphabet and Amazon.com Inc.
» Read more about: Big Tech stocks fall sharply as investors await Nvidia earnings »
The second quarter of 2024 saw S&P 500 firms boost stock repurchases by about 34.9% over last year to $235.9B, aided by higher stock purchases by tech and financial companies. This figure, however, was marginally lower compared to the first quarter, according to a report by S&P
» Read more about: SA Charts: These S&P 500 companies spent the largest on buybacks last quarter »
Important DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute,
Important DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute,
» Read more about: Nasdaq and S&P 500: Can Nvidia’s Results Reignite Tech Stock Momentum? »
US stocks fell on Wednesday ahead of Nvidia’s (NVDA) earnings, seen as a crucial litmus test for the artificial intelligence trade that could set the direction of markets for days to come.
The Dow Jones Industrial Average (^DJI) was down about 0.3%,
» Read more about: Stock market today: Dow, S&P 500, Nasdaq slide as Nvidia earnings loom large »
A new Institutional Retirement Income Council (IRIC) paper, “Retirement Income Reimagined – How Systematic Withdrawals Are Reshaping DC Plans”, examines the rapidly growing inventory of systematic withdrawals in-plan retirement income options.
“Systematic withdrawals represent powerful and flexible retirement income strategies within DC plans, with the understanding that the strategies have a level of variability and do not provide guaranteed income,” said Kevin Crain,
» Read more about: Retirement income reimagined: How ‘systematic withdrawals’ can reshape 401(k)s »
Investing in mutual funds for retirement is never too late. And the Zacks Mutual Fund Rank can be an excellent tool for investors looking to invest in the best funds.
The easiest way to judge a mutual fund’s quality over time is by analyzing its performance, diversification, and fees. Using the Zacks Mutual Fund Rank of over 19,000 mutual funds,
» Read more about: 3 Top-Ranked Mutual Funds for Your Retirement »
The latest Berkshire Hathaway 13F filing came out last week detailing the holding company’s buys and sells, and there were a few surprises. Warren Buffett waded into Pool Corporation (POOL -0.38%) and munched on Domino’s Pizza (DPZ -0.85%) for the first time.
The US economy grew at a slightly less rapid pace than economists had expected in the third quarter.
The Bureau of Economic Analysis’s advance estimate of third quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 2.8% during the period,
