S&P 500 hits all time close as rally broadens
The S&P 500 rose 22.62 points to 2121.10, eclipsing a prior high, with the Dow up 191.75 to 18252.54 and the Nasdaq near its record, signaling a broader stock surge after weeks of sideways trade. Investors cite bond stabilization, weaker dollar, abroad sales boost, and a softer producer inflation reading as reasons for potential Fed rate timing.
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SigFig Tracking Investors Facts in America
A brief look at American investors using SigFig tracking services. The report highlights user demographics, platform reach, and the role of automated portfolio monitoring in modern investing. It notes widespread adoption among retail traders and advisory clients, with emphasis on cost efficiency and diversification trends.
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America
America’s portfolio allocation by foreign investment trends
Data from SigFig tracks over half a million investors with assets totaling about 200 billion dollars. The report highlights largest holding Apple, and most bought Tesla while most sold FLWS. Five day and six month averages guide performance narratives.
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USA
America
SigFig
AAPL
TSLA
FLWS
SFUN
U.S
AAL
Shake Shack misses sales as first quarter revenue slows
Shake Shack reported softer than expected first quarter sales at $4.12 billion, missing the $4.19 billion estimate, even as earnings topped forecasts. The retailer cited a stronger earnings pace and a 1.3 percent rise in revenue, driven by gains in same store sales, lifting investor intrigue after a positive earnings release and a late rally.
MENTIONED IN THIS ARTICLE
Shake Shack the Burger Chain
Royal Caribbean Shares Rebound After Downgrade Target Boost
Royal Caribbean Cruises rose after two days of losses as Wedbush lifted its price target to 88 dollars. The stock traded around 74.45 dollars, up 2.73 dollars or about 3.8 percent, as investors awaited further guidance on cruise demand and arrivals.
MENTIONED IN THIS ARTICLE
Royal Caribbean Cruises
Wedbush
Avon Buyout Rumors Sparked Wild Surge Then Fade
Investors chased chatter about a possible buyout of Avon, sending shares up more than 20 percent before trading was halted. Avon denied any offer from PTG Capital or even that the firm existed, and the gains largely faded as the rumor proved unfounded.
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Wall Street
Avon
PTG Capital
Google public policy chief to replace Plouffe at Uber
Uber hires Google's Rachel Whetstone to lead communications and public policy as David Plouffe exits to join the Uber board. The move comes amid regulatory tensions and a funding round that could value Uber at 50 billion dollars.
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