U.S. stocks rise; S&P 500 hits 1,900 – Market Snapshot – MarketWatch
This year has been miserable for hedge funds, especially those with long/short equity strategies. According to research firm Preqin, funds of that type were down an average of 0.24% in April. So that means changes must be made. In its latest Hedge Fund Trend Monitor report, Goldman Sachs has a handy table of stocks hedge funds are dropping to improve their performance. Stocks include Citigroup, GM, Ford, and AIG.
Meanwhile in the U.S., worries about a slowdown in the housing market are growing. Photo: Getty Images The Nasdaq Composite /quotes/zigman/12633936/realtime COMP +0.76% ended the day up 31.47 points, or 0.8%, at 4,185.81, clocking in a 2.3% gain over the past five days. The Russell 2000 index /quotes/zigman/2759624/realtime RUT +1.11% of small stocks gained 12 points, or 1.1% to 1,126.18, view according to preliminary data from FactSet. The small-cap index gained 2.1% over the week and moved above its 200-day moving average.
S&P 500 closes above 1,900 for first time – US News
The activity remained dull also due to the coming week being the rollover week with open positions at Rs5.03bn (as of May 22, 2014) in the futures counter. The trading remained centred on the third tier stocks with Pak International Bulk Terminal (right) displacing both K-Electric and Lafarge to climb as the top volume leader with 18m shares traded. Samar Iqbal, an investment analyst, pointed out that overall market volume dropped 10pc to 130m shares (value declined by 19pc to Rs4.8bn). Profit-taking was seen in NML and NCL on Friday following poor export numbers for textiles.
Stocks manage modest gains on foreign buying – Newspaper – DAWN.COM
Typically those declines occur once every 18 months. Another sign that investors have been more nervous this year than last is that while the S&P 500 has ground higher, the riskier parts of the stock market, such as small-company stocks, social media and biotechnology stocks have had sharp sell-offs. The Russell 2000, an index that tracks small company stocks, is down 3.2 percent this year at 1,126.19. The index has flirted with a correction after falling as much as 9.3 percent from its March 4 high of 1,208.65. Many investors still remain optimistic though, pointing to record company earnings and the Federal Reserve.