Stock Market News for May 3, 2021 Zacks.com 3 hrs ago
Wall Street closed lower on Friday primarily due to profit booking by investors. Moreover, weaker-than-expected earnings results by some big companies also dented investors confidence. All the three major stock indexes ended in red. For the week as a whole, these indexes had mixed performances. However, these indexes performed impressively in April.
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How Did The Benchmarks Perform?
The Dow Jones Industrial Average (DJI) was down 0.5% or 185.51 points to close at 33,874.85. Notably, 21 components of the 30-stock blue-chip index ended in the red while 9 in green. The tech-heavy Nasdaq Composite finished at 13,962.68, tumbling 0.9% or 119.86 points due to weak performance by large-cap technology stocks.
PPG Industries Stellar Q1 Results Lift Materials ETFs etftrends.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from etftrends.com Daily Mail and Mail on Sunday newspapers.
February 18, 2021
As investors look to the markets ahead, it is important to considers ways to prepare for both cyclical and secular changes.
In the recent webcast,
Barbell Cyclical and Secular Change: Balancing Opportunities and Risks, Michael Arone, Chief Investment Strategist, SPDR, State Street Global Advisors, highlighted the shift in factor trends that took place in the fourth quarter of 2020, with cyclical size and value factors taking charge.
“Size and Value rallied hard off the vaccine news, while Quality held up better than Momentum, given the potential for an uneven recovery,” Arone said.
Nevertheless, the momentum factor continues to shine in 2020 and remains the best performing single factor so far this year. This just goes to show that individual factor plays may not last forever. Investors may be better served with a diversified multi-factor ETF strategy that provides a balanced approach to diversification.
Smart Sector ETFs Picks Part III: IT, Materials, Real Estate, Utilities investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.