Previous Close | 4.3000 |
Open | 4.2000 |
Bid | 3.5000 |
Ask | 3.9000 |
Strike | 1,450.00 |
Expire Date | 2024-12-20 |
Day's Range | 4.2000 - 4.3000 |
Contract Range | N/A |
Volume | |
Open Interest | 4.13k |
A broadening rally in U.S. stocks is offering an encouraging signal to investors worried about concentration in technology shares, as markets await key jobs data and the Federal Reserve's expected rate cuts in September. As the market's fortunes keep rising and falling with big tech stocks such as Nvidia and Apple, investors are also putting money in less-loved value stocks and small caps, which are expected to benefit from lower interest rates. The Fed is expected to kick off a rate-cutting cycle at its monetary policy meeting on Sept. 17-18.
The Dow Jones Industrial Average rose 228 points, or 0.6%, and set another all-time high. An inflation measure closely tracked by the Federal Reserve remained low last month, keeping the central bank on track to cut rates at its upcoming meeting. Chipmakers were broadly higher, led by Marvell Technology, which climbed 9.2% after hitting Wall Street's sales and profit targets.
Next Century Growth Investors, LLC, an investment Management Company, released its “Small Cap Strategy” second-quarter 2024 investor letter. A copy of the letter can be downloaded here. The equities market in 2024 saw mixed results in the second quarter. Small-cap indices generally posted negative results, whereas large-cap indices posted favorable results. The strategy returned (3.32)% […]