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Asian shares retreat as US stocks halt their record-breaking rally, while oil prices fall back
Associated Press71d agoneutral
Asian shares retreat as US stocks halt their record-breaking rally, while oil prices fall back

Oil prices fell back after surging Wednesday as renewed fighting threatened the U.S.-Iran ceasefire. Early Thursday in Asia, Brent crude was $1.17 lower at $96.64 per barrel, while benchmark U.S. crude oil shed $1.08 to $94.94 per barrel. Oil prices had climbed a day earlier after both the United States and Iran said they launched retaliations for earlier attacks or attempted ones.

SpaceX stock market debut set to make Elon Musk a trillionaire
Sky News71d agoneutral
SpaceX stock market debut set to make Elon Musk a trillionaire

SpaceX plans to raise up to $75bn (£56bn) when it goes public this month – putting Elon Musk on course to become the world's first trillionaire. The space company is gearing up for what is expected to be the largest-ever stock market debut. It says it will sell 555.6 million shares at $135 (£100) a piece in its initial public offering (IPO).

Review & Preview: Down Day
Barrons.com71d agoneutral
Review & Preview: Down Day

REVIEW PREVIEW NEWSLETTER What goes up… All three major indexes fell on Wednesday, with S&P500 and Nasdaq Composite Index snapping a two-week streak of positive returns. The S&P fell 0.7%, while the Nasdaq dropped 0.

Wall Street ends lower as Middle East tensions escalate
Reuters Videos71d agoneutralVIDEO
Wall Street ends lower as Middle East tensions escalate

<body><p>STORY: Wall Street's main indexes tumbled on Wednesday, with the Dow losing about 1.2%, the S&P 500 shedding about three-quarters of a percent and the Nasdaq falling roughly nine-tenths of a percent.</p><p>Flaring tensions in the Middle East and rising crude prices stoked inflation jitters and convinced investors to take some profits.</p><p>Energy stocks, buoyed by oil prices, enjoyed the largest percentage gains, with Exxon Mobil&nbsp;and Chevron both closing higher.&nbsp;</p><p>Meanwhile, six of the Magnificent Seven group of megacap tech stocks ended lower, with Meta the only exception.</p><p>Liz Miller is founder and president of Summit Place Financial Advisors.</p><p>"I more and more just keep seeing this market as a ping pong. One day we've got the momentum leading tech stocks up and then that drives all the indices up. And the next day we've got sort of the second tier undervalued companies up and the index is down. [FLASH] Today's again, one of those days where we're seeing energy with the most strength.&nbsp;We're seeing some of the consumer come through, some of the industrial, but techs are marginally down.&nbsp;And that's what I mean when I think about this market as a ping pong market, because these are high quality companies, they're large cap, they would be top tier fundamentally, but they haven't really participated as much in the index strength."</p><p>Among individual movers, shares of GameStop jumped 6% after the original meme stock posted a rise in quarterly revenue and unveiled a $2 billion share buyback program.</p><p>Shares of Crowdstrike, down nearly 3% at the close, dropped about another 10% in extended trading after the cyber security company reported a 15% jump in its first-quarter operating expenses as it ramps up investments in AI and product development.</p><p>And shares of Broadcom fell more than 6% in extended trading despite the company forecasting third-quarter revenue above Wall Street expectations, betting on robust demand for its custom AI chips and networking gear.</p></body>

Most Income Investors Have Never Heard of These 3 ETFs Paying Over 10 Percent Monthly
24/7 Wall St.71d agoneutral
Most Income Investors Have Never Heard of These 3 ETFs Paying Over 10 Percent Monthly

Three options-overlay ETFs are quietly paying double-digit annual distribution rates on a monthly (or weekly) schedule, and most income investors have never touched them. YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) is throwing off roughly 50% annualized through weekly checks. NEOS Nasdaq-100 High Income ETF (NASDAQ:QQQI) and NEOS S&P 500 High Income ETF (CBOE:SPYI) sit ... Most Income Investors Have Never Heard of These 3 ETFs Paying Over 10 Percent Monthly

Vanguard index product becomes first ETF to top $1 trillion in assets
Reuters71d agoneutral
Vanguard index product becomes first ETF to top $1 trillion in assets

The Vanguard S&P 500 ETF, the index investing pioneer's ‌flagship exchange-traded product, became the first in ‌the history of ETFs to reach and exceed $1 trillion in assets, ​the investment firm confirmed on Wednesday. The Vanguard fund hit this milestone, the latest record in the remarkable ascent of exchange-traded funds, on Tuesday, less than 18 months after ‌overtaking State Street ⁠Investment Management's SPDR S&P 500 ETF in assets, as investors looking for broad market ⁠exposure also sought out the lowest-cost funds. VOO levies a management fee of only 0.03%, compared to 0.09% for ​the State ​Street fund, which now ​is third in the ‌three-way race between those two firms and BlackRock Inc..