‘‘You got a continuation of what you saw yesterday,’’ said Willie Delwiche, investment strategist at Baird. ‘‘You saw stock market weakness, you saw bond yields rising, and you saw the Fed funds futures continuing to shift away from pricing in a rate cut in the near future.’’ The S&P 500 index fell 6.21 points, or 0.2 percent, to 2,917.52. The Dow Jones average dropped 122.35 points, or 0.5 percent, to 26,307.79. The Nasdaq, which is heavily weighted with technology companies, slid 12.87 points, or 0.2 percent, to 8,036.77. Smaller-company stocks fared better. The Russell 2000 index rose 6.27 points, or 0.4 percent, to 1,582.65. Major indexes in Europe finished mostly lower. The S&P 500 index is up 16.4 percent for the year and notched three straight all-time highs before finishing lower Wednesday after the remarks by Federal Reserve chair Jay Powell. In those remarks, Powell played down the possibility of an interest … [Read more...] about Energy, tech companies help pull US stocks lower
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Verizon’s 5G network launch was rocky at best, but it has A Plan
This week I had the privilege of being one of the first journalists to test Verizon's first mobile 5G network, which launched in Chicago and Minneapolis on Wednesday. Although Verizon's 5G launch revealed deep issues that the carrier will need to address, the ability of 5G technology to profoundly change the way we use our phones is still just as relevant today as it was before Verizon's launch -- and the carrier knows it. Verizon also knows that after selling you on 5G in general, it has to get to you before AT&T, T-Mobile and Sprint do.5G promises exceedingly fast download speeds and low latency, or lagginess, connecting to a data network. Beyond cell phone use, industries as wide-ranging as city planning, manufacturing and medicine will all be able to tap into 5G's enormous bandwidth to let machines almost instantly communicate with each other. Even getting off on the wrong foot, 5G's ascendancy as the 4G's eventual replacement is a fact, not a fad."We're not … [Read more...] about Verizon’s 5G network launch was rocky at best, but it has A Plan
E.T.F.s Try to Lure Investors Into Ever Narrower Niches
Sections SEARCH Skip to content Skip to site index Business Subscribe Log In Log In Today’s Paper Business | E.T.F.s Try to Lure Investors Into Ever Narrower Niches Supported by ByConrad De Aenlle Jan. 11, 2019 Exchange-traded funds became the next big thing in portfolio management a couple of decades ago by being cheaper and easier to trade than mutual funds. These days, some managers are offering E.T.F.s as tools for specialization at the expense of diversification, carving up the stock market into ever thinner slices for investors eager to find other next big things. E.T.F.s have evolved from covering only broad indexes, such as the S&P 500, to sectors like energy and health care, industries like homebuilding and gold mining, and lately to subsets of industries — niches within niches — often in ultracool areas like robotics, cybersecurity and video gaming that capture investors’ … [Read more...] about E.T.F.s Try to Lure Investors Into Ever Narrower Niches
The Dow’s wild week explained
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Larry Edelman Globe Staff December 07, 2018 If you were watching stock prices Thursday morning, you’d be forgiven for wondering how the arrest of an executive from a Chinese company you’ve never heard of could send global markets into a tailspin.But there were the flashing red numbers: In Tokyo, stocks had already closed 1.9 percent lower; in Hong Kong the loss was 2.5 percent; and European bourses were tumbling across the board. US investors, who had the day off Wednesday as the nation mourned the loss of former president George H.W. Bush, braced for the worst.The day didn’t turn out to be anywhere near as bad as Tuesday, when the Dow Jones industrial average plunged nearly 800 points. But it was another session of sharp price swings Thursday, with the Dow at one point down almost 800 points — again — only to recoup nearly all of the … [Read more...] about The Dow’s wild week explained
Markets Right Now: Tech rout erases market’s gain for year
Updated 1:11 pm PST, Tuesday, November 20, 2018 FILE- In this Friday, Nov. 9, 2018, file photo trader Vincent Napolitano, left, works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, Nov. 20. FILE- In this Friday, Nov. 9, 2018, file photo trader Vincent Napolitano, left, works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, Nov. 20. Photo: Richard Drew, AP Photo: Richard Drew, AP Image 1 of / 1 Caption Close Image 1 of 1 FILE- In this Friday, Nov. 9, 2018, file photo trader Vincent Napolitano, left, works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, Nov. 20. FILE- In this Friday, Nov. 9, 2018, file photo trader … [Read more...] about Markets Right Now: Tech rout erases market’s gain for year