Creating a new Mount Rushmore based on the performance of Wall Street
Every four years, Washington D.C. and Wall Street converge as Americans elect a president and Wall Street tries to figure out what the outcome means for the stock and bond markets. And since so many hypotheses on this topic abound, it’s hard to keep track of them all.
Three of the 30 companies are changing, including its oldest member
Newspapers, radio, and TV news programs refer to the Dow Jones Industrial Average every day, calling it the Dow, the Dow Jones or even the DJIA. Economists, financial planners and investors pay close attention to its daily changes and longer trends.
On the one hand, there is [fill in the blank]; but on the other hand, there is…
Starting with the last week in July and for the first three weeks of August, investors celebrated that the S&P 500 had advanced for four consecutive weeks, culminating with it passing its pre-COVID peak from February 19th on August 17th.
Debunking two (possible) explanations for the Oracle’s latest stock moves
In just the first three weeks of July, Warren Buffett spent over $10 billion of Berkshire Hathaway’s cash stockpile by:
Buying the natural gas transmission pipelines and storage assets from Dominion Energy for about $9.7 billion