|Day's Range||62.23 - 62.23|
Maybe environmental, social, and governance, or ESG, investing is a sustainable strategy, after all. Barron’s fourth annual ranking of big-cap equity mutual funds that received an “above average” or “high” sustainability rating from (MORN) shows that they outperformed comparable funds with lower sustainability ratings. The 189 actively managed funds that met those criteria returned 30% in 2019, just shy of the 31.5% that the S&P 500 index returned for the year.
On Friday, the Invesco QQQ Trust (QQQ) was up 0.2%, SPDR Dow Jones Industrial Average ETF (DIA) rose 0.1% and SPDR S&P 500 ETF (SPY) gained 0.2%. China revealed industrial production recovered last year after a 6.9% growth in output in December, beating projections and revealing its fastest pace of expansion in nine months, the Wall Street Journal reports. “It’s a case of looking at it as a glass-half-full, rather than a glass-half-empty,” Geoffrey Yu, head of the U.K. office for UBS Group’s wealth management arm, told the WSJ.
U.S. markets are continuing their run higher over the past few days, with the S&P 500 holding above the 3,300 level, as job openings sunk to their lowest level since roughly 2018, as hiring took off in November, ahead of the holiday season, and the employment market contracted as well, the Labor Department reported Friday. Over the month, hires and separations were little changed at 5.8 million and 5.6 million, respectively. Within separations, the quits rate was unchanged at 2.3 percent and the layoffs and discharges rate was little changed at 1.1 percent.
Small-cap ETFs have been beating the S&P 500 this year, thanks to a more compelling valuation, decent U.s. economic growth momentum, a dovish Fed and easing trade tensions.
This represents the best single-month Housing Starts number since way back in March 2006, and underscores a big boost in demand for existing homes.
With the S&P 500 getting more expensive as it crosses record high after high, investors can look outside the U.S. for better deals, according to at least two strategists.
Elon Musk’s SpaceX is all set to blow up a Falcon 9 rocket minutes after its takeoff from Florida on Saturday, according to The Verge . What Happened SpaceX’s unmanned Crew Dragon capsule atop a Falcon ...
U.S. markets and stock ETFs rallied Thursday as strong corporate earnings and an improving global trade outlook helped fuel the risk-on sentiment. On Thursday, the Invesco QQQ Trust (QQQ) was up 0.5%, SPDR Dow Jones Industrial Average ETF (DIA) rose 0.7% and SPDR S&P 500 ETF (SPY) gained 0.6%. Adding to the market momentum, better-than-expected profits and revenue from Morgan Stanley (MS) helped maintain the optimism over fourth quarter earnings.
The joint operations between the U.S. and Iraqi forces started on Wednesday, two American military officials told the New York Times on condition of anonymity. The operations resumed ten days after the Iraqi Parliament voted to expel all American troops from the country on Jan 5. The United States made its stand on resuming operations in Iraq clear last week.
The Kings will use Consensys' Ethereum blockchain platform Treum to live-bid in-game sports gear. The move will help ensure that every auctioned item the fans purchase is "authenticated," Kings said. The registration of the auctioned gear on blockchain will establish a clear trail of the item's history, according to the Kings, ensuring that the fans aren't duped during the resells.