Nasdaq, Dow futures under pressure amid caution ahead of key economic data
Last week, the S&P 500 logged in its worst week since September.
Selling pressure is likely to continue on Wall Street as futures tied to US benchmarks–the Nasdaq Composite, S&P 500 and Dow Jones Industrial Average traded with sharp cuts on March 10. Caution persisted as investors braced for a wave of economic data releases,
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Read MoreFed Chances of Rate Cut Next Week Aren’t Budging. Why That May Change.
Stocks may be retreating and bond yields falling amid increased talk about a recession. But markets are still convinced it’s too early for the Federal Reserve to step in to help.
The odds of a quarter-point interest-rate cut at the Fed’s meeting next week are just 2%, compared with 98% for policy to remain unchanged,
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Read MoreHow to get loan against mutual fund investment
PAPER WORK
A loan against mutual funds is an effective way for investors to access liquidity without redeeming their investments. This facility allows individuals to pledge their mutual fund holdings as collateral to secure a loan from banks or financial institutions. This is ideal for short-term liquidity needs.
Check eligibility
Investors should check with banks and NBFCs that offer loans against mutual funds because all schemes are not eligible for pledging.
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Read MoreNeed funds? Here's how to get a loan against mutual fund
A loan against mutual funds lets you secure funds without selling your investments. By pledging your mutual fund units as collateral, you can borrow from banks or financial institutions, thereby offering a convenient solution for short-term financial needs.
Generally, banks and Non-Banking Financial Companies (NBFCs) accept large-cap equity funds, debt funds,
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Read MoreDon't fall for fake Trump post mocking people 'crying about the stock market'
Fact Check
The artificial intelligence chatbot Grok caused confusion when it erroneously told X users the post was authentic.
Image courtesy of Getty Images
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Read MoreThe Burst
Market Commentary: How To Pick Winners Every Day
It’s just so tempting to buy the dip or catch the falling knife. Maybe as consumers we are trained to buy the “flash sale” at the grocery store or retail outlet so when we see a stock price fall we think Buy, Buy, Buy. Whatever the reason, the reality is buying strength is a more time-tested strategy to build wealth.
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Read MoreThe Ivy
Billionaire Einhorn’s Most Undervalued Stock
David Einhorn is the billionaire money manager who founded Greenlight Capital, an asset manager that produced a 16.5% annualized return from 1996 to 2016 and cemented his legacy as one of the top fund managers of our era.
In his $1.7 billion fund, Einhorn has a host of stocks that appear to be substantially undervalued but one tops his list as the most undervalued,
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