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Trading Day: Recovery, but on mute
Reuters71d agoneutral
Trading Day: Recovery, but on mute

By Jamie McGeever ORLANDO, Florida, June 8 (Reuters) - The S&P 500 and Nasdaq rebounded on Monday from Friday's tech-led rout, on news of an Israel-Iran detente and as investors bought back cheapened

10-year hitting 5% yield would be concerning, portfolio manager says
Reuters Videos71d agoneutralVIDEO
10-year hitting 5% yield would be concerning, portfolio manager says

<body><p>STORY: "The concern is we've had a 30-40 basis point backup in rates here in the last month," said Livengood. "The 10-year is dancing around 4.6 percent. If that goes a lot higher, if we hit 5 percent or more, that interest rate scenario probably slows economic growth a bit, starts to slow earnings growth of the S&P 500 companies, and changes our investment outlook a bit to be more defensive."</p><p>He added that the Federal Reserve could raise interest rates if this occurs.</p></body>

Clean Energy Is the S&P 500’s New Boss: ACES Up 29% YTD
24/7 Wall St.71d agoneutral
Clean Energy Is the S&P 500’s New Boss: ACES Up 29% YTD

The headline number is true and a little stale. The ALPS Clean Energy ETF (NYSEARCA:ACES) hit a 52-week high in late May and was tracking roughly a 32% gain on the year at that peak, with one outlet pegging the fund at a 19.4% gain in May alone. Then came last week. ACES closed Friday ... Clean Energy Is the S&P 500’s New Boss: ACES Up 29% YTD