Veterans Day on Wall Street featured an abundance of takeover news, with Motorola putting one of its major units up for sale and H-P announcing that it is planning to acquire 3Com for $2.7 billion. The Dow extended its winning streak to six days, reaching a new 2009 high. The ETFdb 60 Index gained 4.34 [...]
The bulls continued to dominate the bears Monday on Wall Street, as the Dow Jones Industrial Average reached a new 2009 high. Reports of an uptick in M&A activity outweighed news of continued job cuts at Sprint, sending stocks soaring to start off the week. But it wasn’t just stocks that jumped on Monday, as [...]
A week that saw the Dow cross the 10,000 mark for the first time in a year ended with the blue chip index just shy of the psychologically important level. Most securities finished Friday in the red, as the ETFdb 60 Index, a benchmark designed to measure the performance of the universe of investable assets [...]
In recent months, the U.S. housing market has shown signs of life, with several major metropolitan areas eking out small month-over-month gains. While home prices remain well below year-ago levels, there are at least signs that the worst has passed, and a modest recovery is now underway.
To paraphrase Vanguard Group founder Jack Bogle, we now know what many have suspected for a long time: indexing has changed the world of investing. Withall of the developments in the indexing world, and in particular the ETF industry, it is easy to get caught up in the excitement, focusing exclusively on the positive developments [...]
After growing at a torrid pace in 2008, the ETF industry had showed signs of slowing down through the first four months of 2009. But May represented a return to old form, with more than $14 billion in new assets flowing into ETFs during the month according to Morningstar, the largest monthly inflow of the [...]
As a result of the seemingly endless decline in the U.S. housing market (we’re nearing the three year mark for the current downturn), most real estate ETFs on the market have been posted huge losses since 2007, with many still down more than 50% from their record highs despite recent rallies. But as any shrewd investor [...]