Why One Stock Sent the Dow Lower on Tuesday Morning
Soft inflation data lifted major U.S. stock indexes Tuesday, except for one notable exception: the Dow Jones Industrial Average, the blue-chip index that for many is synonymous with “the stock market.”
The Dow was down about 0.5% in midday trading, while the S&P 500 and the Nasdaq Composite advanced 0.7% and 1.5%,
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Read MoreS&P 500 (NYSEARCA: SPY) Live: Cooling Inflation Data Buoys Wall Street's Market Outlook
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The markets are showing little conviction or direction despite signs of cooling inflation.
Coinbase to join S&P 500 next week in crypto-market milestone
(Bloomberg/Isabelle Lee and Emily Graffeo) — Coinbase Global Inc., the largest US cryptocurrency exchange, will be added to the S&P 500 Index in the latest milestone for the booming digital-asset industry.
The company will replace Discover Financial Services in the index prior to the start of trading on May 19, S&P Dow Jones Indices said in a press release.
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Read MoreCoinbase inclusion in S&P 500 signals 'dramatic turnaround' for crypto industry
Coinbase (COIN) stock surged more than 18% on Tuesday as Wall Street cheered the inclusion of the first and only crypto exchange in the S&P 500 (^GSPC) — a major milestone for the company and an industry once in the crosshairs of regulators.
“Coinbase has gone from being in an intense litigation with the SEC just a few months back (later dropped by the SEC under the Trump regime) to being the latest addition to S&P 500,”
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Read MoreLeveraged MLP Exposure: ETNs Vs. ETFs
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Infrastructure Capital Advisors (“Infrastructure Capital”) is a leading provider of investment management solutions designed to meet the needs of income-focused investors.
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Read MoreThe Burst
Is Etsy An All-Time Buy Now?
Why is Etsy stock so low? ETSY is down 36.7% year-to-date following disappointing sales reports that missed Street estimates.
The stock that nearly reached $300 per share in 2021 but is now trading under $50 per share. Adding insult to injury, Etsy (NASDAQ: ETSY) was recently dropped from the S&P 500 index.
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Read MoreThe Ivy
Is Another NVIDIA Stock Split Imminent?
NVIDIA has split its stock six times during its 25 years as a public company. The first stock split happened in 2001, and it doubled the number of shares available. If you owned 100 Nvidia shares before the split, you had 200 shares after. The most recent stock split occurred on May 22, 2024 and was 10:1 meaning for every 100 shares owned on May 21,
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Read MoreThe Spotlight
1 Dividend Aristocrat To Be Wary Of
Residential real estate investment trust (REIT) Essex Property Trust, Inc. (NYSE:ESS) operates in West Coast markets, primarily acquiring, developing, and managing multifamily residential properties. It has a portfolio of more than 60,000 apartment units, primarily located in California and Seattle.
Founded in 1971 and going public in 1994,