Global X, the firm behind a wide-ranging lineup of exchange-traded funds, announced this week the debut of two funds linked to NASDAQ indexes. The Global X NASDAQ 400 Mid Cap ETF (QQQM) will be linked to an index consisting of the top 400 mid-capitalization domestic and international non-financial securities listed on NASDAQ. The Global X NASDAQ 500 ETF (QQQV) will be linked to an index consisting of 500 of the largest domestic and international non-financial securities listed on NASDAQ. [click to continue…]
Global X became the latest issuer to offer an ETF targeting a segment of the global technology industry this week, rolling out the first ETF to specifically target the social media industry. The new Global X Social Media Index ETF (SOCL) will seek to replicate the Solactive Social Media Index, a benchmark that includes companies [...]
The Independence Day-shortened week was a tumultuous one for markets as stocks stayed flat for much of Tuesday and Wednesday only to soar higher in Thursday’s session on hopes of a jobs recovery. Unfortunately, this was quickly dispelled by a horrendous June jobs report which saw just 14,000 jobs created in the month, helping to push the national [...]
First Trust has rolled out the industry’s first ETF focused exclusively on the cloud computing industry, debuting the ISE Cloud Computing Index Fund (SKYY) on Wednesday. The new ETF will seek to replicate a modified equal-dollar weighted index comprised of companies involved in the cloud computing industry, including both “pure play” companies and those with [...]
The old adage “never judge a book by its cover” has been applied to a wide variety of situations over the years, from encouraging open mindedness in social situations to shopping for a car to, well, judging books by their covers. And it turns out this piece of advice can be quite valuable for investors [...]
A rocky Friday trading session ended with mixed results for American equities as the Dow fell, the S&P 500 was flat, and the Nasdaq surged ahead. Commodity markets finally fell back down to earth as gold tumbled by $9/oz. and oil fell by 1.5% on the day. Meanwhile, the dollar managed to firm up in [...]
Despite sub-par economic growth and a lack of jobs, equity markets have been surging over the past few months as investors have scooped up beaten down equities in hopes of riding the recent trend to robust gains. No more has this been true than in the technology sector where a variety of large companies seem [...]
Trading volumes have slumped on Wall Street in recent sessions, as most investors have waited anxiously for another earnings season to give the markets direction and offer an assessment of the recovery. This season got off to a hot start; aluminum manufacturer Alcoa and train operator CSX posted solid earnings, which helped to buoy the [...]
The saga of Google in China took another turn today, as the search engine giant announced it had adapted its business plan to meet Beijing’s demands. For the past three months Google has been redirecting Chinese users to the company’s Hong Kong search engine, which is uncensored. The Chinese government lost patience with the automatic [...]
As anxiety over Europe’s debt woes and the resulting drag on global growth have intensified in recent weeks, equity markets around the world have plummeted. Technology companies, which led the way higher during the recovery of 2009, have fallen on hard times. After rising for much of the start of 2010, the tech heavy Nasdaq [...]
When Google announced earlier this month that it was making a nearly $40 million investment in two wind farms owned by NextEra Energy Resources, many investors were left scratching their heads. The Mountain View, California-based company is known for allowing its employees to pursue pet projects on company time, but a not-so-insignificant investment in wind [...]
