Hints and tips:
...The blue-chip S&P 500 closed up 0.9 per cent, at a new record, continuing a rally that has pushed the index 27 per cent higher since October. The Nasdaq Composite gained 1.3 per cent....
...The S&P Global/Cips UK construction purchasing managers’ index, a measure of the health of the industry, rose to 49.7 in February from 48.8 in January....
...Acts announced so far include Andrea Bocelli and Robbie Williams — with plenty more to come. 2023’s line-up included Billy Joel, Bruce Springsteen and Guns N’ Roses....
...“Most asset managers are shrinking and BlackRock has been growing,” said Kyle Sanders, equity analyst at Edward Jones....
...Separately, S&P Global will report manufacturing data for Brazil, Mexico and Canada....
...Craig Lazzara, managing director at S&P Dow Jones Indices, said “we should soon begin to see the impact of increasing mortgage rates on home prices” as well....
...Some big news overnight from the US, where Matthew Connolly and Gavin Black, two former traders for German lender Deutsche Bank, have had their convictions for Libor rigging quashed....
...The professor apparently quoted Huck Finn, which of course uses the N-word, in explaining to a foreign student why censorship might happen....
...Dow Jones Indices....
...Across fund shops, sector ETFs are preparing for the impact of certain tweaks to the industry classification system by S&P Dow Jones Indices and MSCI....
...On Wall Street, the blue-chip S&P 500, the tech-focused Nasdaq and the Dow Jones Industrial Average all fell....
...By Yasmin Khan (Bloomsbury, £26) Bress ‘N’ Nyam: Gullah Geechee Recipes From a Sixth-Generation Farmer A Gullah Geechee phrase meaning “bless and eat”, Bress ‘n’ Nyam chronicles chef Matthew Raiford’s...
...S&P Dow Jones Indices and MSCI have launched a consultation on a potential revamp of the widely followed Global Industry Classification Standards (GICS) that determine which sector each company is placed...
...The S&P 500 has risen by 5.6 per cent on average in the three years after both slopes have been downward, meaning losses after inflation....
...The benchmark has been on a winning streak since the start of the year, rising just over 25 per cent so far, well ahead of the S&P 500, Nasdaq Composite and Stoxx Europe 600 indices....
...That has continued into August with healthcare and utilities sector ETFs both taking another $1bn each in inflows so far this month,” said Matthew Bartolini, head of SPDR Americas research at State Street...
...“April’s performance was truly extraordinary,” said Craig Lazzara, managing director and global head of index investment strategy at S&P Dow Jones Indices....
...Claire Jones...
...S&P Dow Jones Indices, which manages the S&P 500, passed over Tesla late on Friday when it announced three new companies to add to the benchmark index as part of its regular quarterly reweighting....
...“This is the largest trade for the S&P 500, but not the largest trade we have handled as a firm,” said Matthew Bartolini, head of SPDR Americas Research at SSGA....
...The S&P Dow Jones Index committee has discretion to move a company between indices, but Mr Rosenbluth said he “did not expect GameStop to be added to the large-cap index in the near term, given that the...
...(Mother Jones) Animal House 19-year-old social media star Josh Richards got his start making videos with his TikTok collective, Sway House....
...After the Dow Jones index rallied 27 per cent in seven weeks from its March 23 low, John Cassidy of The New Yorker asked: “Have investors . . . lost their minds?”...
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