Dow Jones ends day on historic note as investors rush to buy after Trump’s Iran ceasefire deal
The stock market closed Wednesday on a historic run, the day after news of a ceasefire in the Iran war.
The Dow Jones ended the day up 1,326.23 points, the seventh-largest one-day gain in history.
On Tuesday evening, President Donald Trump announced the U.S. had reached a two-week ceasefire deal with Iran.
Read MoreOil plunges below $95 as the Dow surges 1,300 in a worldwide rally following a ceasefire with Iran
Oil prices plunged below $95 per barrel, and stock markets surged worldwide Wednesday after President Donald Trump pulled back from his threat to destroy Iran.
The S&P 500 leaped 2.5% after Trump announced a two-week ceasefire with Iran, less than 90 minutes before a deadline Trump had set for it to open the Strait of Hormuz and allow oil tankers to exit the Persian Gulf.
Stock market today: Dow, S&P 500, Nasdaq surge, oil plunges after US-Iran ceasefire sparks relief rally
Oil and gas production in the Middle East faces a “months-long” process toward normalization, even with a ceasefire deal in place, the energy consultancy Wood Mackenzie said on Wednesday.
Throughout the war’s first five weeks, the effective closure of the Strait of Hormuz by Iran has filled onshore storage tanks and forced producers throughout the Middle East to shut in,
Read MoreStock Market Today, April 8: Oil Prices Plunge and Markets Rally on Iran Ceasefire
5 ETFs Yielding Over 7 Percent Built for Long Term Income Investors
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A 7% yield sounds compelling until you ask the question that separates income investing from return-of-capital illusion: where is the money actually coming from? A fund that pays 10% annually while losing 8% in share price is not delivering income, it is returning your own capital with a distribution label attached.
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Read MoreThe Burst
Billionaire Sells Major AI Stock
Over three decades, Druckenmiller compounded capital at roughly 30% a year without a single losing year, a record I am not sure is matched by anyone, anywhere Buffett included. So what’s this investing maestro doing now?
In the third quarter, Druckenmiller exited Broadcom entirely, a company that is a tollroad in the chip wars of AI.
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Read MoreThe Ivy
Warren Buffett’s Final Warning Shot
At Berkshire Hathaway, cash has swelled to levels that dwarf the market capitalizations of many household-name companies. Estimates put the pile near $400 billion, much of it parked in short-dated U.S. Treasuries.
Berkshire didn’t wake up one morning and decide to sit on mountains of cash. The buildup has been gradual,
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Read MoreThe Spotlight
Wall Street Gave Up, The Business Didn’t
Most people still think of Docusign as a digital signature tool. That’s a mistake, and it’s exactly the gap management is trying to exploit.
Over the last year, Docusign has rolled out its Intelligent Agreement Management platform, which aims to solve a much bigger and more expensive problem: what happens after a contract is signed.
» Read more about: Wall Street Gave Up, The Business Didn’t »