Summary of Key ETF News
Starting next year, the quote unit applied to US stocks and ETFs will be reduced from the current $0.01 to $0.005. This change is expected to reduce trading costs for investors and will be applied to approximately 1,788 stocks starting from November next year. Additionally, the cap on fees for the New York Stock Exchange and Nasdaq will be lowered from $0.30 per 100 shares to $0.10.
India's major indices have reached record highs, catching the attention of global investors. The outlook for automotive and financial-related stocks is particularly positive, with both the Sensex Index and the Nifty 50 Index showing significant increases. Domestic investors can indirectly invest in the Indian market through ETFs during this bullish phase.
On Wednesday, the SPDR S&P 500 ETF Trust (SPY) showed a downward trend due to changes in outlook from the Federal Reserve's Beige Book report. The economy is currently experiencing a growth rate of 2.5-3%, with the stock market at all-time highs, and the Fed has decided to lower interest rates. Consequently, major financial institutions also predict further interest rate cuts.
Cathie Wood's ARK ETF adjusted its tech and healthcare-focused portfolio by executing multiple significant trades on September 18, 2024. This included selling shares of Palantir Technologies and purchasing shares of Tempus AI Inc. While reducing its position in the biopharmaceutical sector, ARK remains optimistic about the 3D printing sector and continues to invest in it.
Related News
U.S. Stocks and ETFs to Be Traded in $0.005 IncrementsU.S. Stocks and ETFs to Be Traded in $0.005 Increments, Effective Next November... Expected to Reduce Costs, Will Be Used Alongside Existing $0.01 Increments
Indian Stock Market Breaks Previous Highs…Focus on Automotive and Financial StocksIndian stock market breaks previous highs…Focus on automotive and financial stocks, promising Tata Motors and HDFC Bank. Wedding season boosts expectations for jewelry stocks. Retail investors can indirectly invest via ETFs.
Cathie Wood's ARK ETF Adjusts Portfolio, Sells Palantir and Veeva Stocks By Investing.com - Investing.comCathie Wood's ARK ETF Adjusts Portfolio, Sells Palantir and Veeva Stocks
SPDR S&P 500 ETF Trust Outlook Dims Amid Fed Rate Cut Expectations By Investing.com - Investing.comSPDR S&P 500 ETF Trust Outlook Dims Amid Fed Rate Cut Expectations