A number of stocks jumped in the afternoon session after the major indices rebounded, as Fed Chair Jerome Powell delivered dovish remarks at the much-awaited Jackson Hole symposium. Powell suggested that with inflation risks moderating and unemployment remaining low, the Federal Reserve might consider a shift in its monetary policy stance, including potential interest rate cuts. This outlook eased market concerns about prolonged high interest rates and their impact on economic growth. The prospect of lower borrowing costs bolstered investor confidence, particularly in sectors that have lagged, leading to a broad rally across the market.
Regulatory changes may soon allow asset managers to launch new, more efficient ETF share classes linked to existing mutual funds, shaking up the $25 trillion industry. Early movers like Vanguard, DFA, Fidelity, and Franklin Templeton are poised to benefit.
As the US market prepares to open on Friday, let's get an early glimpse into the pre-market session and identify the S&P500 stocks leading the pack in terms of gains and losses.
Corporate crypto treasury strategies offer substantial opportunities but also carry the risk of a damaging feedback loop, according to a Franklin Templeton Digital Assets report.
APT breaks into the Top-3 RWA blockchains with over $540 million in tokenized credit, funds, and real estate, backed by BlackRock, Franklin Templeton, and more.
Join us in exploring the top gainers and losers within the S&P500 index in the middle of the day on Friday as we examine the latest happenings in today's session.
According to Trump Media’s filing with the SEC, the ETF will directly hold both cryptocurrencies, allocating 75% of its assets to Bitcoin and 25% to Ether.
