Stocks Dip Ahead of Trump Inauguration

U.S. stocks fell on Thursday, with the Dow on track to mark its fifth day of losses as investors stayed away from making risky bets ahead of Donald Trump's swearing-in as president on Friday.

Trump's Treasury Pick Defends His Foreclosure Actions

Steven Mnuchin, Donald Trump's pick to lead the Treasury Department, on Thursday defended his handling of thousands of foreclosures during the height of the financial crisis, saying he had worked hard to assist homeowners to refinance so they could keep their homes.

AmEx profit falls 8.2 percent

American Express Co's quarterly profit fell 8.2 percent as the credit card issuer boosted spending on marketing and promotion to fend off rising competition.

Beating Up Inverse, Leveraged ETFs is Fake News

With President-elect Donald Trump being sworn in on Friday, the exchange traded fund industry, especially the leveraged and inverse segment, could enjoy more favorable treatment as many anticipate the new administration could cut back on regulation and even roll back financial industry reforms. “There is a lot of discussion about how the new administration may…

Stocks

ETFs

Davis’ Active Strategies Helps Fill a Void in ETF Space

The exchange traded fund universe has quickly expanded as money managers craft numerous index-based strategies. While passive ETFs have flourished, the actively managed ETF segment has been conspicuously left depopulated. However, things are changing as more traditional open-end fund managers step into the ETF business. For instance, David Advisors launched the Davis Select U.S. Equity…

Technology

U.S. Stock ETFs Dips Ahead of Trump’s Swearing-in

After a strong rallying follow the presidential elections, U.S. equities and stock exchange traded funds are stuck in tight range and even weakened as investors pared down bets ahead of Donald Trump’s presidential inauguration on Friday. The S&P 500 Index, along with related funds including the SPDR S&P 500 ETF (NYSEArca: SPY), iShares Core S&P…

Retirement