8 Hours Ago
Income-seeking investors snapped up these ETFs in June to the tune of $1.6 billion, State Street says
Investors went into risk-on mode in the fixed income world in June, as exchange traded funds holding bank loans and collateralized loan obligations saw more than $1.6 billion in flows, State Street found.
The funds have seen 13 consecutive months with inflows, receiving more than $18 billion in that period, according to Matthew Bartolini, head of SPDR Americas Research at State Street Global Advisors.
Select offerings in the space tout 30-day SEC yields exceeding 6%.
Learn more about these higher yielding ETFS here.
–Darla Mercado
8 Hours Ago
Tesla notches 10 consecutive winning days
The electric vehicle maker posted a 3.7% gain on Tuesday, marking a 10th straight positive session for Tesla.
Since its last down day – June 24 – the stock has advanced roughly 43%. In the past month, the stock is up nearly 48%.
Even with the sharp run higher, shares are up a modest 5.6% in 2024, and they’re still off more than 4% in the past year.
This latest climb for Tesla was aided by the car manufacturer’s second-quarter production and deliveries report, posted just last week. Deliveries for the period came in at 443,956, compared to the 439,000 anticipated by analysts, per StreetAccount.
–Darla Mercado, Jason Gewirtz
10 Hours Ago
Stock futures open little changed
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