Direxion is planning to start a new “work-from-home” exchange-traded fund that tracks industries such as cloud technologies, remote communications and cyber security.
The velocity of the rebound mirrors the speed of the plunge, calling into question the staying power of the gains.
Two offerings from American Century -- one focused on growth, the other on value -- begin trading Thursday.
The S&P 500 started Tuesday 17% higher than a week ago, after gaining four days out of five and posting its best week since 2009.
TD Ameritrade has seen new-account openings for its automated investing platform jump 150% from the same period a year ago. Wealthfront signups are up 68% and Betterment's increase is 25%.
The Fed’s pledge last week to buy investment-grade credit and certain ETFs helped halt the slide in mutual fund net-asset values and sparked a rally in higher-rated debt.
The Justice Department’s antitrust division has signed off on the takeover without requiring any changes, according to a source.
Exchange-traded funds that tend to be dominated by longer-term, buy-and-hold investors are starting to see money drain out.
ETFs that stand to benefit from Fed buying are now rallying.
The inevitable downgrades from triple-B to double-B will put money managers to the test.