From New York to London to Tokyo, if there’s one similarity among the world’s equity markets it’s this: record highs.Of the world’s 20 largest stock markets, 14 have hit all-time highs recently. The MSCI ACWI Index, which tracks developed and emerging markets, has been on a record-breaking run, setting another new high on Friday. In … Read more
An unprecedented amount of cash flowed into the world’s largest and oldest exchange-traded fund last week, as stocks rallied to near-record highs after the Federal Reserve indicated it could cut interest rates next year. State Street’s $478 billion SPDR S&P 500 ETF (ticker SPY) raked in $20.8 billion on Friday, the biggest inflow since the … Read more
America’s biggest tech companies have become too large even for the stock index tracking America’s biggest tech companies. Now the benchmark’s overseer is taking action to pare back their influence. The seemingly unstoppable growth of megacaps like Apple and Microsoft mean they have breached an upper limit imposed on stocks in the Nasdaq 100. As … Read more