Money market account rates today, February 21, 2024 (up to 4.75% APY return)
Money market account rates vary widely. So which banks are offering the best money market account rates today? Find out here.
Wall Street ends sharply lower on mounting concerns over economy, tariffs
The S&P 500 suffered its largest single-day percentage drop since December 18, as did the small cap Russell 2000. For the week, all three indexes lost ground, with the Dow registering its steepest Friday-to-Friday plunge since mid-October. "I don't like all this red on a Friday," said Greg Bassuk, CEO at AXS Investments in New York.
China tech stocks cap best winning run in five years on earnings surprises, fund rotation
Chinese tech stocks listed in Hong Kong advanced on Friday for their best weekly winning streak since 2020, as earnings surprises and optimism about the artificial intelligence sector drew global investors rotating funds into the sector. The Hang Seng Tech Index closed up 6.5%, its best single-day gain since October, to reach its highest in three years. That took its weekly gain to more than 6% in its sixth straight week of advances, the longest winning streak since May 2020.
Homebuilders Near S&P 500 Bottom on High Rates and Tariff Fears
(Bloomberg) -- Investors are ditching US homebuilder stocks at a record pace as elevated borrowing costs bruise the industry’s prospects and signal that the shares may have further to fall.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalTrump Targets $128 Billion California High-Speed Rail ProjectAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsTrump Asserts Power Over NYC, Proclaims ‘Long Li
Global equity fund inflows rise on European stock rally, cooling US inflation
Global equity funds continued to see robust inflows, with the majority directed to European equity funds, which hit record highs fueled by hopes for peace in Ukraine and a surge in the defense sector due to anticipated increases in military spending. Also, a U.S. inflation report suggesting that the Federal Reserve's preferred measure of prices might be cooler than anticipated, bolstered stock prices and fund inflows during the week. Investors ploughed a robust $13.35 billion into global equity funds during the week, significantly outweighing $5.32 billion worth of net purchases the previous week, LSEG Lipper data showed.
SEC revamps cyber and crypto enforcement unit under Trump administration
The reconfigured unit signals a more hands-off approach on digital currencies, but legal experts to not expect major changes in cyber risk disclosure.
Bitcoin Treasury Bandwagon Reaches Africa as Altvest Jumps on Board
The South African alternative investment firm has bought one bitcoin.
3 Reasons to Sell LOCO and 1 Stock to Buy Instead
Over the past six months, El Pollo Loco’s stock price fell to $12.36. Shareholders have lost 8.8% of their capital, which is disappointing considering the S&P 500 has climbed by 8.9%. This may have investors wondering how to approach the situation.
3 Reasons to Sell MTD and 1 Stock to Buy Instead
Over the past six months, Mettler-Toledo’s shares (currently trading at $1,304) have posted a disappointing 8.9% loss, well below the S&P 500’s 8.9% gain. This may have investors wondering how to approach the situation.
Crypto Market Faces Weak Demand, Needs Trump Initiatives to Kick In, JPMorgan Says
Institutional crypto futures positioning suggests a weakness in demand, the report said.