Tag: New York Stock Exchange

Anti-ESG Fund Rakes in Millions After Two Days on the Market

Admin

Strive Asset Management’s anti-activist, energy exchange-traded fund (ETF) raked in over $60 million in funds in its first two days of trading, according to the company’s website.

Strive’s U.S. energy index fund ($DRLL), which invests heavily in fossil fuels in an effort to combat environmentally focused investing, launched Tuesday on the New York Stock Exchange (NYSE) and was one of the exchange’s largest launches of its kind, according to a company letter to investors. Strive hopes that the early success of the fund will help “unlock” value in the domestic energy sector by mandating firms to focus on “profits over politics,” according to the company’s website.

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Major Chinese Telecom Companies Kicked Off New York Stock Exchange Following Trump Executive Order

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Three major Chinese telecom companies will be removed from the U.S. stock market after President Donald Trump banned investing in companies that aid China’s military.

On Jan. 11, China Mobile, China Telecom and China Unicom will be removed from the New York Stock Exchange, CNN reported. The telecom companies are all major state-owned firms that the U.S. suspects are tied to the Chinese military.

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Wall Street Tilts Higher Again on Economic Recovery Hopes

The Associated Press

Wall Street’s rally is spilling into a new week as most stocks continue to ride the high supplied by Friday’s surprisingly encouraging report on the U.S. jobs market.

The S&P 500 was up 0.5% in midday trading on Monday, bringing it back within 5.3% of its record set in February, as optimism strengthens that the worst of the coronavirus-induced recession may have already passed. Stocks that would benefit most from an economy that’s growing again were rising the most, but pullbacks for a handful of big tech stalwarts were keeping the market’s overall gains in check.

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