A U.S. Senator who previously bet against the stock market in 2022 has placed a new bet with an ETF that shorts U.S. listed companies. Here are the details.
Cathie Wood-led ARK Investment Management bought over 69,000 shares of Jack Dorsey-owned Block Inc (NYSE: SQ) at an estimated valuation of over $3.8 million, based on Wednesday’s closing price.
Former Treasury Secretary Lawrence H. Summers has praised Federal Reserve Chair Jerome Powell for his policy stance stating the apex bank head has framed the issues correctly.
As of Friday’s close, The Dow Jones Industrial Average Index had soared 14.44% off the Sept. 30 closing price, putting it on track for its best month since November 1928, when the Dow gained 16.35% over the close in October of that year.
Stocks have been due for a rally, and coinciding with the historically strong month of October, the broad market S&P 500 has climbed nearly 5% over the last month, after falling 9% in September.
Is bullish sentiment back? ETF flows over the past week suggest the answer is yes.
ARK Investment Management bought over 10,000 shares in cryptocurrency exchange platform Coinbase Global Inc. (NASDAQ: COIN) at a valuation of over $2.2 million, based on Monday’s closing price.
Donald Trump served as the 45th president of the United States from January 2017 to January 2021. He was defeated by former Vice President Joe Biden in the 2020 presidential election.