|Day's Range||2,792.56 - 2,805.83|
|52 Week Range||2,257.02 - 2,807.54|
Nearly 95% of top-performing equity mutual funds failed to replicate their success over a two-year period. Over five years, not a single one was able to do so, a new study shows.
Companies are starting to lay out just how much shareholders will benefit from lower corporate taxes. The answer is: a lot.
Following a strong performance for two weeks and closing at a record high price levels, the S&P 500 started this week on a mixed note. On Thursday, the S&P 500 started the day on a stable note and closed the day at elevated levels. On January 18, eight out of the S&P 500’s 11 major sectors declined.
According to a report by the Wall Street Journal, a new German law now requires Facebook (FB), Alphabet’s (GOOG) Youtube, and Twitter (TWTR) to monitor the content on their respective platforms going forward. The German law was passed in June 2017. While it was supposed to take effect in October, regulators gave tech companies time to prepare their systems to police and delete banned content.
About $200 billion was wiped off the total market capitalization of the cryptocurrency market due to the recent fall in cryptocurrency prices. By the evening, the market cap was close to $450 billion. Etherum, the second-largest cryptocurrency, was trading at $907.30, a fall of 4% during the past week.
In the previous part of this series, we saw that Micron Technology (MU) focused on developing value-added memory solutions like SSD (solid-state drives) and graphics memory in fiscal 2017. The advent of smart cities, smart homes, smart cars, and smart factories would require higher DRAM (dynamic random access memory) content to process large quantities of data at the edge. Apart from product technology, Micron is also developing manufacturing process technology.