Tag: Investors

S&P 500 and Nasdaq rise as investors buy tech shares beaten up this week

The S&P 500 and Nasdaq Composite rose on Wednesday as tech shares recovered some of their losses from earlier in the week at the expense of names who would benefit from an economic recovery.

The broader-market index closed 0.8% higher at 3,572.66 and the Nasdaq jumped 2% to 11,786.43. The Dow Jones Industrial Average — which had been the stalwart early this week — struggled, falling 23.29 points, or 0.1%, to 29,397.63.

Apple gained 3%. Netflix climbed 2.2%. Facebook and Amazon rose 1.5% and 3.4%, respectively. Alphabet closed 0.6% higher, and Microsoft was up by 2.6%.

American Express fell 4.2%

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Stock rally fades, but investors’ hopes for the economy remain

Stocks downshifted Tuesday, the day after their powerful worldwide rally, but optimism remained high that the global economy may still be headed for a return to normal.

It was the second day in a row that rising hopes for a COVID-19 vaccine pushed investors to rethink which stocks they see winning and losing, and that left the majority of U.S. stocks higher but indexes mixed. Treasury yields and oil, meanwhile, held on to their big gains from Monday or rose higher.

The Standard & Poor’s 500 index slipped 4.97 points, or 0.1%, to 3,545.53. The relatively small movement, though, belied

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SoftBank-backed GetYourGuide secures $133 million from investors

GetYourGuide CEO Johannes Reck.

GetYourGuide

LONDON — SoftBank-backed activity booking app GetYourGuide has raised 114 million euros ($133 million) as it tries to look beyond the pandemic. Total investment in the company now stands at over $780 million, while its valuation of over $1 billion remains the same.

The Berlin start-up’s latest funding round, led by U.S. private equity firm Searchlight Capital, has been raised as a convertible note, which is a short-term debt that will turn into equity in a future financing round.

GetYourGuide CEO Johannes Reck told CNBC on Thursday that raising money through standard means would have

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Palantir’s public debut frustrates some investors

A listing date that moved twice, a company known for parsing data that couldn’t find some of its own shareholders, and a complicated twist on an already unfamiliar route to market. Palantir Technologies Inc.’s direct listing had everything — and left some shareholders wondering whether the 17-year-old company was really ready to go public.

Palantir started trading Wednesday, choosing to run a seldom-tested direct listing process instead of a traditional initial public offering. Its shares closed Friday at $9.20, below the $10 they opened at on the New York Stock Exchange, giving the company a market valuation of $15.2 billion.

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Analysis: Elite investors accessing Trump briefings is everything that’s wrong with the stock market

At the time, Trump was assuring Americans on Twitter that the coronavirus was “very much under control” and claiming the stock market was “starting to look very good to me!”

Word of private uncertainties held by US officials quickly spread to elite investors via a hedge fund consultant, the Times reported. That intel gave these traders a crucial leg up on common investors, allowing them to make timely bets that stocks would drop.

“Short everything” was the reaction of one major investor briefed on the memo from the hedge fund consultant, the Times said.

Elizabeth Warren slams Disney for laying off thousands of workers after awarding fat executive pay packages
By March 11, the S&P 500
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