Wall Street rises as oil retreats, but AI jitters keep tech stocks in check
NEW YORK, Oct 21 — Wall Street stocks mostly rose yesterday, greeting a pullback in oil prices as investors steered funds towards industrial equities amid lingering caution over artificial intelligence shares.
Comments from Qatari Foreign Ministry spokesman Majed al-Ansari describing US-Iran talks as “ongoing” pressured crude prices, despite no concrete changes in a conflict that has dented energy supplies for more than seven months.
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Read MoreStop Sleeping on Bonds: 3 ETFs to Buy So You Can Profit When Rates Rise
Today’s investor population is divided into three types:
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Investors who understand bonds from experience many years ago.
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Investors who think they understand bonds but don’t know what they don’t know.
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Read MoreExperts warn of interest rate hike; new mortgages could cost buyers thousands more
Potential homebuyers hoping to see costs come down might be out of luck as inflation continues to push the Federal Reserve toward an interest rate hike.
Data released last week by the Labor Department shows that consumer prices rose 3.7% over the 12 months through September.
S&P 500, Dow Gain As Earnings Season Sets In, While SpaceX Aids Nasdaq After-Hours — SPCX, BA, MMM, NFLX, QCOM In Focus
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The S&P 500 ended Tuesday 0.3% higher, the Nasdaq 100 slipped 0.1%, and the Dow Jones Industrial Average added 1%.
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SpaceX posted $4.4 billion in net income for the quarter ending September.
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3M beat earnings expectations for the September quarter and raised its full-year guidance.
A Simple Way to Benefit From Rising Rates: Buy Money Market Funds
Rising interest rates have wreaked havoc this year in financial markets.
Yet they are an unambiguous boon in one unheralded arena: money market funds, where the higher rates almost immediately funnel more money to investors without major complications.
This is a big exception to the other major effects of rising rates,
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Read MoreThe Burst
Got $1,780? Is This The Best Investment In 2024?
Retail investors are conditioned to focus on gains but those who have been around the block and made a fortune focus first on downside risks.
That focus is one of the reasons why so many buy Berkshire Hathaway. After all, when the stock market fell by 20% in 2022, Berkshire treaded water and essentially stayed flat.
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Read MoreThe Ivy
1 Little-known Fund Goes All In On Semi Stock
Prospect Capital Advisors isn’t a big name fund but it’s put almost 10% of its fund into a single stock, Silicon Motion Technology.
For a fund overseeing hundreds of millions of dollars, this is quite a bet. Why risk it all on a little-known stock when you can follow the herd into Apple,
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