Yahoo Finance’s Jared Blikre breaks down how markets opened on Thursday.
High-yield debt of riskier companies is not as junky as investors believe. Consider finding a place for them in your investment portfolio: Junk bonds are now a source of decent dividend yield and potential capital appreciation – and a compelling contrarian play. “I’ve been doing this a long time, and I think now is a very attractive time to enter the asset class,” T. Rowe Price US High Yield fund (TUHYX) manager Kevin Loome told me in a recent interview.
Investors added nearly $35 billion to U.S.-listed ETFs during the month.