The Federal Reserve maintained its target fed funds rate range of between zero and 0.25%. The Fed also reassured investors it will continue to support the economy via asset purchases while the U.S. recovers from the pandemic.
So far in 2021, the Vanguard Value Index Fund ETF (NYSE: VTV) is up 17.4% nearly double the year-to-date return of the Technology Select Sector SPDR Fund (NYSE: XLK).
Facebook Inc (NASDAQ: FB) hasn’t issued any notable news since it printed its first-quarter 2021 earnings report on April 28, but that hasn’t stopped the stock from reaching new all-time high after new all-time high.
Investors are eagerly anticipating the U.S. Federal Reserve’s updated economic projections expected out Wednesday.
Inflation is at the forefront of many investors minds at the moment, but the latest global hedge fund manager survey from Bank of America suggests fund managers aren’t particularly concerned about inflation.
Investors who have owned stocks in the past year have generally experienced some big gains. In fact, the SPDR S&P 500 (NYSE: SPY) total return over the past 12 months is 42%. But there is no question some big-name stocks performed better than others along the way.
Petco Health and Wellness Company, Inc. (NASDAQ: WOOF) spiked higher on Monday afternoon. Earlier in the day, the company announced plans to present at the Evercore ISI Consumer & Retail Summit on Tuesday morning.