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Mid-Day Market Update: Crude Oil Down 1 8%; Ocugen Shares Spike Higher

Mid-Day Market Update: Crude Oil Down 1 8%; Ocugen Shares Spike Higher
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

Beat Paltry TIPs Returns with the TFLT ETF

December 21, 2020 Yield-starved investors don’t have to take on multiple positions in high-yield bonds, emerging markets bonds, and other assets in order to get yield in today’s environment. They can have it all and stay on target with their income requirements using the TFLT seeks investment results that correspond to the price and yield performance, before fees and expenses, of the Wilshire TargetIncomeTM 10-Year Treasury +2% Plus Index. The fund is a fund of funds and invests at least 80% of its total assets in the securities of the underlying index. The underlying index seeks to provide broad exposure to income-producing asset classes using a portfolio of exchange-traded funds, with the goal of providing exposure that may be sufficient to support an annualized yield of the U.S. 10-Year Treasury yield plus two percent for the fund, net of fees.

With interest rates plummeting, forget saving and invest

Topsy-turvy: A third of us would withdraw money from our accounts and stuff it under our bedroom mattress if rates turn negative What should investors and savers do if interest rates turned negative? New research just published by financial giant Aegon suggests that a third of us would withdraw money from our savings accounts and stuff it under our bedroom mattress. But many more – 42 per cent – would use it as an impetus to save less and invest more.  The findings come amid ongoing speculation that the Bank of England might cut interest rates to below 0.1 per cent in order to revitalise the UK economy. Last week, its monetary policy committee decided to stick for the time being with a base rate of 0.1 per cent, but a New Year cut cannot be ruled out. 

Wall Street Aims To Open Higher

Wall Street Aims To Open Higher BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Weekly Jobless Claims, Housing Starts Data, and the Philadelphia-area manufacturing activity report are the highlights on Thursday. The developments in Washington as well as the roll-out of the COVID-19 vaccine might influence investor sentiments. Asian shares finished mostly higher, while European shares are trading lower. Early signs from the U.S. Futures Index suggest that Wall Street might open higher. As of 7.40 am ET, the Dow futures were adding 98.00 points, the S&P 500 futures were gaining 17.75 points and the Nasdaq 100 futures were up 61.00 points. The U.S. major averages eventually ended Wednesday s session mixed. The Dow dipped 44.77 points or 0.2 percent to 30,154.54, the Nasdaq climbed 63.13 points or 0.5 percent to 12,658.19 and the S&P 500 rose 6.55 points or 0.2 percent to 3,701.17.

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