Economy & Markets
The important economic and stock market news that advisors need to know.
U.S. Stocks Climb to Record Highs on Stimulus Talks, Vaccine News
By Claire Ballentine and Kamaron LeachS&P 500 Index advanced 1.1% to 3,662.41; Dow improved 0.6% to 29,823.52, the biggest gain in a week; and Nasdaq gained 1.3% to 12,355.11.
December 01, 2020
Life Insurers' Commercial Mortgage Investments Did OK in Q3: TreppLife insurers' hotel and motel mortgage loans performed better than the average commercial real estate mortgage loan they held.
November 30, 2020
Group Calls for Limiting Power of BlackRock, Vanguard & State Street"Outsized footprint" of Big Three "poses new issues" for U.S. economic competitiveness and financial market stability, says American Economic Liberties Project.
November 30, 2020
Fidelity Plans to Merge 3 Funds, as Assets Hit $3.5TOne planned fund merger affects the flagship Magellan fund; meanwhile, the number of new RIA client accounts grew 164% from last year.
November 30, 2020
Biden Tapping Wall Streeters for Economic Team: ReportsThe president elect taps a former BlackRock advisor and might name a current executive for a key post, published reports say.
November 29, 2020
S&P Global to Buy IHS Markit for $39BThe deal, which would be one of the biggest this year, could bring together two of the largest market data providers.
November 29, 2020
5 Investment Ideas to Keep, 5 to Trash: Gary N. SmithThe author describes the research that proves several theories about stocks and that debunks a few other notions, including one tied to Trump's tweets.
November 28, 2020
What's Firing Up Wall Street's $300B Custom-Index Boom?The real selling point for direct indexing could be the ability to remove companies from a portfolio's exposure rather than add them.