Voo ETF News

China''s Covid shutdowns slammed tech stocks and oil prices. The Nasdaq broke below its Feb. 24 lows, but the S&P 500 hasn''t yet.

U.S. indices finished lower Monday amid continued Russia-Ukraine uncertainty, as well as in anticipation of this week’s Fed decision. The Nasdaq composite finished lower by 2.04% to 12,581; The Invesco QQQ Trust Series 1 (NASDAQ: QQQ ) lost 1.92% to $318.17 The S&P 500 traded lower by 0.74% to 4,173; The SPDR S&P 500 ETF Trust (NASDAQ: SPY ) lost 0.72% to $417.06 The Dow Jones composite finished lower by 0.22% to 11,307; The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ: Full story available on Benzinga.com

The direction of the June E-mini S&P 500 Index early Tuesday is likely to be determined by trader reaction to the first pivot at 4228.50.

U.S. stocks finish mostly lower Monday, with the Nasdaq Composite and S&P 500 index producing the firmest decline.

The stock market has turned mixed in Monday''s midday action after showing gains earlier in the day.

Wall Street ended lower on Monday, led by a drop in the Nasdaq, as investors sold tech and big growth names ahead of this week''s Federal Reserve meeting and an expected hike in interest rates.

S&P 500 Ends in Red as Tech Wreck Continues Ahead of Fed Meeting

While in theory a possible default sounds like a major financial event experts remain relaxed A Russian debt default, the first stage of which could arrive as soon as this week , sounds, in theory, like a major financial event. After all, the last time Russia defaulted – indeed, the only other time since the Bolshevik revolution more than a century ago – was 1998 and chaos was a genuine possibility. Long-Term Capital Management, an enormous and already-ailing hedge fund, couldn’t handle the explosion in volatility and the general flight to safety in financial markets. Within a few weeks, the US Federal Reserve had to strong-arm 14 Wall Street banks into agreeing a $3.6bn bailout of LTCM to prevent a wider meltdown. The Fed was probably right to fear contagion: LTCM was absurdly over-extended via leverage, and half of Wall Street was over-extended to it. Continue reading…

The friction between Russia and Ukraine has again brought to the forefront the importance of renewable energy sources, as it has become apparent how dependent Europe is on Russia for the supply of fossil fuels. In reaction, the European Union in early March unveiled a new plan to accelerate near-term deployment for renewables by 20% – a move BofA Securities strategists say boosts the outlook for wind stocks and other green energy investments . SEE MORE Kiplinger ESG 20: Our Favorite Picks for ESG Investors And in the U.S., the federal government recently netted a record $4.37 billion through the sale of more than 488,000 acres in the Atlantic Ocean, off the coasts of New York and New Jersey. The six offshore sites, once developed, are expected to generate around 7 gigawatts (GW) of clean energy. But this may be only the beginning, given President Joe Biden''s plan of deploying 30 GW of offshore wind energy in the U.S. by 2030. Plus, the Energy Information Administration (EIA) expects the the share of solar and wind renewable energy sources will grow from 13% in 2021 to 17% in 2023.

Beyond engagement, stock markets can offer a store of value. That’s according to Erick Asuma , cofounder and CEO at Hisa Inc , Africa’s first wealth management platform that makes investing social and which launched earlier this year. Benzinga spoke with Asuma to learn more about how Hisa empowers its users, financially. Context: Hisa Technologies is a leading Kenyan financial media and software technology company that owns the Kenyan Wall Street brand, a financial news publication. “We did a few surveys over the years and realized our users wanted the ability to access the markets,” Asuma said of the pivot he and his team made. Then, in partnership with DriveWealth, a pioneer in fractional investing and embedded finance, Asuma’s team brought to market Hisa, a fractional trading platform. “It is a mobile app that enables anyone from Kenya access to fractional investing for U.S. stocks, as well as Kenyan stocks.” Today, Kenyan Wall Street and Hisa … Full story available on Benzinga.com

The top boss at Goldman Sachs argued this week that Wall Street shouldn’t play a leading role in ostracizing Russia from the international community over its escalating invasion of Ukraine – despite mounting calls on social media for businesses to take action. Goldman Sachs CEO David Solomon asserted that his bank and other financial institutions…

Isn’t it time for U.S. financial institutions to stop discriminating against U.S. petroleum production?

Last week, former NY Fed staffer Zoltan Pozsar sparked a shockwave across Wall Street when in his latest research piece, he suggested that as a result of the Ukraine war, which has resulted in a "commodity collateral" crisis (and which is quickly transforming into an old-school liquidity crisis), China''s PBOC will soon emerge as a dominant central bank and as the commodity-backed yuan ascends to a position of power, the world''s reserve currency, the dollar, would lose much of its global clout leading to even higher inflation across the western…

This is the daily notebook of Mike Santoli, CNBC’s senior markets commentator, with ideas about trends, stocks and market statistics.

After a short-lived uptick this morning, the S&P 500 index is now back in the red on reports that Russia has asked China for military equipment. Could it lead to the World War III? According to Jochen Wermuth – former advisor to the Russian ministry of Finance, such an alliance between Russia and China could […] The post Ukraine war: Pro explains what could trigger the World War III appeared first on Invezz .