US STOCKS-Dow, S&P dogged by growth worries; techs help Nasdaq bounce. Dec 10 (Reuters) - Wall Street dropped on Monday, led by Apple Inc, financials and healthcare stocks, falling further after its biggest slide since March last week on worries over global growth, the China-U.S. trade war and uncertainty over the Brexit deal. The benchmark S&P 500 and the blue-chip Dow Jones Industrial Average, already in the red for the year after last week's slide of more than 4.5 percent, fell another 0.5-0.6 percent, while the Nasdaq moved marginally higher. Ten of the 11 major S&P sectors were lower, led by a 1.4-percent drop in financials on expectations that the Federal Reserve would be less aggressive with monetary policy next year.
CI Investments Inc. bought a new position in Electronic Arts Inc. (NASDAQ:EA) during the third quarter, according to its most recent disclosure with the SEC. Bank of New York Mellon Corp now owns 4,061,892 shares of the game software company’s stock worth $489,417,000 after purchasing an additional 145,570 shares in the last quarter. Morgan Stanley dropped their price target on shares of Electronic Arts from $122.00 to $111.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 31st. The business’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, analysts expect that Electronic Arts Inc. will post 3.87 EPS for the current fiscal year.
Nasdaq plans to add Quandl to its Analytics Hub business within Global Information Services.Nasdaq has grown meaningfully over the years through a number of strategic expansions. The company’s M&A activity expanded its technology offering, fortified its Corporate Solutions business, improved its market surveillance techniques as well as boosted its global information services business.In September 2018, the company acquired Swedish company, Cinnober to consolidate the company’s presence as an ace infrastructure technology provider. It delivered a 2.11% positive surprise in the last reported quarter.Intercontinental Exchange operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Asia, Israel and Canada. Click to get this free report Intercontinental Exchange Inc. (ICE) : Free Stock Analysis Report Nasdaq, Inc. (NDAQ) : Free Stock Analysis Report CME Group Inc. (CME) : Free Stock Analysis Report Cboe Global Markets, Inc. (CBOE) : Free Stock Analysis Report To read this article on Zacks.com click here.
NEW YORK, Dec. 06, 2018 (GLOBE NEWSWIRE) -- Nasdaq (NDAQ) today announced it launched a Corporate Bond exchange for listing and trading of corporate bonds. “Fixed income investors have undergone a number of market structure and technological changes since the 2008 financial crisis, while at the same time companies have increased their issuance to take advantage of a low interest rate environment,” said Ted Bragg, head of U.S. “Nasdaq-listed companies today have underwritten more than 3,000 corporate bonds, and there exists an opportunity for public companies to list their equity and debt in a more cost effective way, using Nasdaq trading technology and surveillance, which is substantial.”. Nasdaq Nordics currently lists 1,287 corporate bonds across six exchanges, seeing more than 80% growth since 2013, and Nasdaq will bring this experience from that market to its entry into the U.S. bond listing market.
Hedge funds and other investment firms that we track manage billions of dollars of their wealthy clients' money, and needless to say, they are painstakingly thorough when analyzing where to invest this money, as their own wealth depends on it. Despite the increase in interest, the company wasn’t one of the 30 most popular stocks among hedge funds. If you'd ask most shareholders, hedge funds are perceived as slow, old financial tools of years past. While there are greater than 8000 funds in operation today, Our researchers look at the elite of this club, approximately 700 funds. Here is what it had to say in the report: Shares of Micron returned 87% on the year. As a former semiconductor analyst that covered Micron we believe that while Micron is a widely-followed stock, we possess unique perspective. Due to the fact that Micron Technology, Inc. (NASDAQ:MU) has witnessed a decline in interest from the entirety of the hedge funds we track, logic holds that there lies a certain "tier" of money managers that elected to cut their full holdings heading into Q3.
NEW YORK, Dec. 04, 2018 (GLOBE NEWSWIRE) -- Nasdaq (NDAQ) today reported monthly volumes for November 2018, on its investor relations website. About Nasdaq Nasdaq (NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 100 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Such forward-looking statements include, but are not limited to (i) projections relating to our future financial results, total shareholder returns, growth, trading volumes, products and services, order backlog, taxes and achievement of synergy targets, (ii) statements about the closing or implementation dates and benefits of certain acquisitions and other strategic, restructuring, technology, de-leveraging and capital return initiatives, (iii) statements about our integrations of our recent acquisitions, (iv) statements relating to any litigation or regulatory or government investigation or action to which we are or could become a party, and (v) other statements that are not historical facts. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control.
Nasdaq Inc (NASDAQ: NDAQ) announced the acquisition of a financial data company Tuesday. Nasdaq said it bought Quandl, Inc., which provides alternative and core financial data. The The Toronto-based company offers alternative data to over 30,000 monthly users compiled from roughly 350 sources, per the companies' joint announcement. “Quandl will allow Nasdaq to partner more closely with the investing community as the industry continuously seeks ways to evaluate an endless supply of information to drive new insights, investment ideas and deliver alpha,” Bjorn Sibbern, executive vice president and head of Nasdaq’s global information services, said in a statement.