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2021-07-23

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GIC Posts Best Gain Since 2015, Warns Lower Returns Are Coming

2021-07-23

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2021-07-23

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2021-07-23

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Wall Street ekes out gains, led by tech, growth stocks

2021-07-23

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2021-07-23

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The five-year nominal return rose to 8.8%, the highest since 2014. The fund doesn’t publish one-year results or its assets under management.</p>\n<p>The firm, which the Sovereign Wealth Fund Institute estimates runs about $453 billion, is the latest institutional investor to report bumper results thanks to a stimulus-fueled recovery in public and private markets. GIC’s Singaporean peer Temasek Holdings Pte last week reported itsbiggest annual returnsince 2010, while a Kuwaiti sovereign savings fund hada 33% gainover the same period.</p>\n<p>“It’s been a good recovery for almost everything,” Chief Investment Officer Jeffrey Jaensubhakij said in an interview before releasing results Friday, adding that public market gains also buoyed returns for private investments looking to list.</p>\n<p>While the U.S. remains the single biggest source of GIC’s assets at 34% -- down from 36% last year -- Asia excluding Japan is a fast-rising category, making up 26% of the mix. Japan saw the biggest decline.</p>\n<table>\n <colgroup></colgroup>\n <colgroup></colgroup>\n <tbody>\n  <tr>\n   <td>Geographic mix in %</td>\n   <td>2020</td>\n   <td>2021</td>\n  </tr>\n  <tr>\n   <td>United States</td>\n   <td>36</td>\n   <td>34</td>\n  </tr>\n  <tr>\n   <td>Asia ex-Japan</td>\n   <td>20</td>\n   <td>26</td>\n  </tr>\n  <tr>\n   <td>Japan</td>\n   <td>14</td>\n   <td>8</td>\n  </tr>\n  <tr>\n   <td>Eurozone</td>\n   <td>10</td>\n   <td>9</td>\n  </tr>\n  <tr>\n   <td>Middle East, Africa and the rest of Europe</td>\n   <td>5</td>\n   <td>5</td>\n  </tr>\n  <tr>\n   <td>United Kingdom</td>\n   <td>5</td>\n   <td>5</td>\n  </tr>\n  <tr>\n   <td>Latin America</td>\n   <td>2</td>\n   <td>3</td>\n  </tr>\n  <tr>\n   <td>Global</td>\n   <td>8</td>\n   <td>10</td>\n  </tr>\n </tbody>\n</table>\n<p>GIC is expecting lower returns over the next five to 10 years as inflation, rising yields, high valuations and lingering effects of the pandemic threaten to erode gains, according to the annual report.</p>\n<p>“The point to make is that in aggregate, they are significantly, significantly lower that what we have been able to enjoy over the past 20 years,” Jaensubhakij said, referring to projected returns for the fund.</p>\n<p>GIC reduced its bond and cash holdings over the year to about 45% of assets from 50%, and plans to reduce them further given the prospect for higher yields -- and lower prices -- for fixed income. Jaensubhakij said the firm recognizes that bonds and cash represent “guaranteed low returns” as opposed to the potentially low returns offered by other assets.</p>\n<p>“We are looking to move some asset allocation further out of those assets,” he said, adding that some riskier alternatives are also at higher prices. “So we’re in that unenviable position of trying to decide between two not so good alternatives.”</p>\n<p>Chief Executive Officer Lim Chow Kiat said the bond market poses a universal problem for all investors, reflecting a longer-term, low-return theme that GIC has touched on for several years.</p>\n<p>“It’s something that’s very challenging but we try our best to find, in other asset classes, opportunities to augment the overall portfolio return,” he said. “Bonds give the clearest indication of the expected returns because today’s starting bond yield gives you a lot of clues.”</p>\n<p>Short term growth</p>\n<p>Overall, GIC is bullish on the short-term prospects for global markets thanks to the success of vaccines in combating Covid-19 and central banks around the world slashing interest rates and pumping in huge amounts of stimulus - much of which is yet to be spent.</p>\n<p>“Near term, from a growth and corporate earnings perspective, we are quite positive,” said Jaensubhakij. But the uncertainty caused by lumpy vaccine rollouts and new potential variants, rising inflation and higher bond yields are all negative factors. “There is good reason to be cautious about the overall returns environment over the next five years or so.”</p>\n<p>GIC’s solution will be to find niches, such as digital technology to help industries transform, sustainability and even businesses hit by geopolitical strife. GIC is a major investor in startups and data centers, and has teams looking for opportunities across the Chinese stock market, he added. The fund also plans to open an office in Sydney next year to target real estate and other assets in Australia.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GIC Posts Best Gain Since 2015, Warns Lower Returns Are Coming</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGIC Posts Best Gain Since 2015, Warns Lower Returns Are Coming\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-23 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-22/gic-posts-best-gain-since-2015-warns-lower-returns-are-coming><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore’s sovereign wealth fund posted its biggest gain in several years on the back of an equities rally but expects returns to be “significantly” lower over the next decade due to lofty valuations...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-22/gic-posts-best-gain-since-2015-warns-lower-returns-are-coming\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.bloomberg.com/news/articles/2021-07-22/gic-posts-best-gain-since-2015-warns-lower-returns-are-coming","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111845769","content_text":"Singapore’s sovereign wealth fund posted its biggest gain in several years on the back of an equities rally but expects returns to be “significantly” lower over the next decade due to lofty valuations and rising bond yields.\nGIC Ptereported an annualized real return of 4.3% for the 20 years ending March 31, its best performance since 2015, and a jump from the 2.7% gain reported last year. The five-year nominal return rose to 8.8%, the highest since 2014. The fund doesn’t publish one-year results or its assets under management.\nThe firm, which the Sovereign Wealth Fund Institute estimates runs about $453 billion, is the latest institutional investor to report bumper results thanks to a stimulus-fueled recovery in public and private markets. GIC’s Singaporean peer Temasek Holdings Pte last week reported itsbiggest annual returnsince 2010, while a Kuwaiti sovereign savings fund hada 33% gainover the same period.\n“It’s been a good recovery for almost everything,” Chief Investment Officer Jeffrey Jaensubhakij said in an interview before releasing results Friday, adding that public market gains also buoyed returns for private investments looking to list.\nWhile the U.S. remains the single biggest source of GIC’s assets at 34% -- down from 36% last year -- Asia excluding Japan is a fast-rising category, making up 26% of the mix. Japan saw the biggest decline.\n\n\n\n\n\nGeographic mix in %\n2020\n2021\n\n\nUnited States\n36\n34\n\n\nAsia ex-Japan\n20\n26\n\n\nJapan\n14\n8\n\n\nEurozone\n10\n9\n\n\nMiddle East, Africa and the rest of Europe\n5\n5\n\n\nUnited Kingdom\n5\n5\n\n\nLatin America\n2\n3\n\n\nGlobal\n8\n10\n\n\n\nGIC is expecting lower returns over the next five to 10 years as inflation, rising yields, high valuations and lingering effects of the pandemic threaten to erode gains, according to the annual report.\n“The point to make is that in aggregate, they are significantly, significantly lower that what we have been able to enjoy over the past 20 years,” Jaensubhakij said, referring to projected returns for the fund.\nGIC reduced its bond and cash holdings over the year to about 45% of assets from 50%, and plans to reduce them further given the prospect for higher yields -- and lower prices -- for fixed income. Jaensubhakij said the firm recognizes that bonds and cash represent “guaranteed low returns” as opposed to the potentially low returns offered by other assets.\n“We are looking to move some asset allocation further out of those assets,” he said, adding that some riskier alternatives are also at higher prices. “So we’re in that unenviable position of trying to decide between two not so good alternatives.”\nChief Executive Officer Lim Chow Kiat said the bond market poses a universal problem for all investors, reflecting a longer-term, low-return theme that GIC has touched on for several years.\n“It’s something that’s very challenging but we try our best to find, in other asset classes, opportunities to augment the overall portfolio return,” he said. “Bonds give the clearest indication of the expected returns because today’s starting bond yield gives you a lot of clues.”\nShort term growth\nOverall, GIC is bullish on the short-term prospects for global markets thanks to the success of vaccines in combating Covid-19 and central banks around the world slashing interest rates and pumping in huge amounts of stimulus - much of which is yet to be spent.\n“Near term, from a growth and corporate earnings perspective, we are quite positive,” said Jaensubhakij. But the uncertainty caused by lumpy vaccine rollouts and new potential variants, rising inflation and higher bond yields are all negative factors. “There is good reason to be cautious about the overall returns environment over the next five years or so.”\nGIC’s solution will be to find niches, such as digital technology to help industries transform, sustainability and even businesses hit by geopolitical strife. GIC is a major investor in startups and data centers, and has teams looking for opportunities across the Chinese stock market, he added. The fund also plans to open an office in Sydney next year to target real estate and other assets in Australia.","news_type":1},"isVote":1,"tweetType":1,"viewCount":135,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":175922839,"gmtCreate":1627003456821,"gmtModify":1703482208825,"author":{"id":"4089517082623800","authorId":"4089517082623800","name":"HF888","avatar":"https://static.tigerbbs.com/1749b55c949db7eda3ccd1b0aede1e05","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089517082623800","authorIdStr":"4089517082623800"},"themes":[],"htmlText":"Pls give a like&nbsp;","listText":"Pls give a like&nbsp;","text":"Pls give a like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/175922839","repostId":"1111845769","repostType":4,"isVote":1,"tweetType":1,"viewCount":201,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":175922380,"gmtCreate":1627003445440,"gmtModify":1703482208496,"author":{"id":"4089517082623800","authorId":"4089517082623800","name":"HF888","avatar":"https://static.tigerbbs.com/1749b55c949db7eda3ccd1b0aede1e05","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089517082623800","authorIdStr":"4089517082623800"},"themes":[],"htmlText":"Pls give a like&nbsp;","listText":"Pls give a like&nbsp;","text":"Pls give a like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/175922380","repostId":"1111845769","repostType":4,"isVote":1,"tweetType":1,"viewCount":97,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":175928292,"gmtCreate":1627003386216,"gmtModify":1703482206693,"author":{"id":"4089517082623800","authorId":"4089517082623800","name":"HF888","avatar":"https://static.tigerbbs.com/1749b55c949db7eda3ccd1b0aede1e05","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089517082623800","authorIdStr":"4089517082623800"},"themes":[],"htmlText":"Please give me a like. Tq","listText":"Please give me a like. Tq","text":"Please give me a like. Tq","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/175928292","repostId":"1164478982","repostType":4,"repost":{"id":"1164478982","kind":"news","pubTimestamp":1626995319,"share":"https://ttm.financial/m/news/1164478982?lang=&edition=fundamental","pubTime":"2021-07-23 07:08","market":"us","language":"en","title":"Wall Street ekes out gains, led by tech, growth stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=1164478982","media":"Reuters","summary":"NEW YORK  - Big tech helped Wall Street inch up to a higher close on Thursday, modestly building on a two-day rally as lackluster economic data and mixed corporate earnings prompted a pivot back to growth stocks.A pull-back in economically sensitive cyclicals kept the S&P 500’s and the blue-chip Dow’s gains muted, while small-caps underperformed their larger rivals.“The market is flip-flopping between the view that economic growth has almost peaked so you need to buy stocks that manufacture thei","content":"<p>NEW YORK (Reuters) - Big tech helped Wall Street inch up to a higher close on Thursday, modestly building on a two-day rally as lackluster economic data and mixed corporate earnings prompted a pivot back to growth stocks.</p>\n<p>A pull-back in economically sensitive cyclicals kept the S&amp;P 500’s and the blue-chip Dow’s gains muted, while small-caps underperformed their larger rivals.</p>\n<p>But megacap tech and tech-adjacent stocks, such as Microsoft Corp, Amazon.com, Apple Inc, <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc and Alphabet Inc, rose ahead of their quarterly results next week, putting the Nasdaq out front.</p>\n<p>All three major U.S. stock indexes ended the session within 1% of their record closing highs.</p>\n<p>Growth stocks, which outperformed throughout the health crisis, were back in favor, gaining 0.8%, while the value index slipped by 0.5%.</p>\n<p>“The market is flip-flopping between the view that economic growth has almost peaked so you need to buy stocks that manufacture their own growth like tech names, versus the view that economic growth will continue and you want to own cyclicals and value names,” said David Carter, chief investment officer at Lenox Wealth Advisors in New York.</p>\n<p>The number of U.S. workers filing first-time applications for unemployment benefits spiked unexpectedly to 419,000 last week, a two-month high, according to the Labor Department.</p>\n<p>Market participants are closely watching labor market indicators for hints as to when the Federal Reserve, expected to convene next week for its two-day monetary policy meeting, will begin discussions about hiking key interest rates from near zero.</p>\n<p>“The jobless data today didn’t have a meaningful impact on markets or the economic outlook,” Carter added. “It’s now all about how much longer the Fed will tolerate low rates. The Fed seems to be favoring its full employment mandate more than its price stability mandate.”</p>\n<p>“Accordingly, the upcoming Fed meeting could be impactful,” Carter said.</p>\n<p>Benchmark Treasury yields eased after the bid at the largest-ever TIPS auction touched a record low, pressuring rate sensitive banks.</p>\n<p>The Dow Jones Industrial Average rose 25.35 points, or 0.07%, to 34,823.35, the S&amp;P 500 gained 8.79 points, or 0.20%, to 4,367.48 and the Nasdaq Composite added 52.64 points, or 0.36%, to 14,684.60.</p>\n<p>Of the 11 major sectors of the S&amp;P 500, tech was shining brightest, gaining 0.7%. Energy stocks suffered the largest percentage drop.</p>\n<p>The second-quarter reporting season barreled ahead at full-throttle, with 104 of the companies in the S&amp;P 500 having reported. Of those, 88% have beaten consensus estimates, according to Refinitiv.</p>\n<p>Drugmaker Biogen Inc gained 1.1% after hiking its full-year revenue guidance, while Domino’s Pizza Inc surged 14.6% to an all-time high on the heels of its quarterly report.</p>\n<p>Southwest Airlines Co posted a bigger-than-expected quarterly loss, sending its stock down 3.5%, and American Airlines Group Inc dipped 1.1% even after reporting a quarterly profit.</p>\n<p>The S&amp;P 1500 Airlines index ended the session off 1.7%.</p>\n<p>Shares of Texas Instruments Inc slid 5.3% after its current-quarter revenue forecast cast concerns as to whether the company will be able to meet spiking demand in the face of a global semiconductor shortage.</p>\n<p>The Philadelphia SE Semiconductor index ended the session down 0.9%.</p>\n<p>Chipmaker Intel Corp slipped more than 1% in extended trading after the chipmaker posted results and raised its annual revenue forecast.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.82-to-1 ratio; on Nasdaq, a 1.90-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 39 new 52-week highs and no new lows; the Nasdaq Composite recorded 70 new highs and 54 new lows.</p>\n<p>Volume on U.S. exchanges was 8.25 billion shares, compared with the 10.12 billion average over the last 20 trading days.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street ekes out gains, led by tech, growth stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street ekes out gains, led by tech, growth stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-23 07:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/usa-stocks/us-stocks-wall-street-ekes-out-gains-led-by-tech-growth-stocks-idUSL1N2OY2HH><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - Big tech helped Wall Street inch up to a higher close on Thursday, modestly building on a two-day rally as lackluster economic data and mixed corporate earnings prompted a pivot ...</p>\n\n<a href=\"https://www.reuters.com/article/usa-stocks/us-stocks-wall-street-ekes-out-gains-led-by-tech-growth-stocks-idUSL1N2OY2HH\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.reuters.com/article/usa-stocks/us-stocks-wall-street-ekes-out-gains-led-by-tech-growth-stocks-idUSL1N2OY2HH","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164478982","content_text":"NEW YORK (Reuters) - Big tech helped Wall Street inch up to a higher close on Thursday, modestly building on a two-day rally as lackluster economic data and mixed corporate earnings prompted a pivot back to growth stocks.\nA pull-back in economically sensitive cyclicals kept the S&P 500’s and the blue-chip Dow’s gains muted, while small-caps underperformed their larger rivals.\nBut megacap tech and tech-adjacent stocks, such as Microsoft Corp, Amazon.com, Apple Inc, Facebook Inc and Alphabet Inc, rose ahead of their quarterly results next week, putting the Nasdaq out front.\nAll three major U.S. stock indexes ended the session within 1% of their record closing highs.\nGrowth stocks, which outperformed throughout the health crisis, were back in favor, gaining 0.8%, while the value index slipped by 0.5%.\n“The market is flip-flopping between the view that economic growth has almost peaked so you need to buy stocks that manufacture their own growth like tech names, versus the view that economic growth will continue and you want to own cyclicals and value names,” said David Carter, chief investment officer at Lenox Wealth Advisors in New York.\nThe number of U.S. workers filing first-time applications for unemployment benefits spiked unexpectedly to 419,000 last week, a two-month high, according to the Labor Department.\nMarket participants are closely watching labor market indicators for hints as to when the Federal Reserve, expected to convene next week for its two-day monetary policy meeting, will begin discussions about hiking key interest rates from near zero.\n“The jobless data today didn’t have a meaningful impact on markets or the economic outlook,” Carter added. “It’s now all about how much longer the Fed will tolerate low rates. The Fed seems to be favoring its full employment mandate more than its price stability mandate.”\n“Accordingly, the upcoming Fed meeting could be impactful,” Carter said.\nBenchmark Treasury yields eased after the bid at the largest-ever TIPS auction touched a record low, pressuring rate sensitive banks.\nThe Dow Jones Industrial Average rose 25.35 points, or 0.07%, to 34,823.35, the S&P 500 gained 8.79 points, or 0.20%, to 4,367.48 and the Nasdaq Composite added 52.64 points, or 0.36%, to 14,684.60.\nOf the 11 major sectors of the S&P 500, tech was shining brightest, gaining 0.7%. Energy stocks suffered the largest percentage drop.\nThe second-quarter reporting season barreled ahead at full-throttle, with 104 of the companies in the S&P 500 having reported. Of those, 88% have beaten consensus estimates, according to Refinitiv.\nDrugmaker Biogen Inc gained 1.1% after hiking its full-year revenue guidance, while Domino’s Pizza Inc surged 14.6% to an all-time high on the heels of its quarterly report.\nSouthwest Airlines Co posted a bigger-than-expected quarterly loss, sending its stock down 3.5%, and American Airlines Group Inc dipped 1.1% even after reporting a quarterly profit.\nThe S&P 1500 Airlines index ended the session off 1.7%.\nShares of Texas Instruments Inc slid 5.3% after its current-quarter revenue forecast cast concerns as to whether the company will be able to meet spiking demand in the face of a global semiconductor shortage.\nThe Philadelphia SE Semiconductor index ended the session down 0.9%.\nChipmaker Intel Corp slipped more than 1% in extended trading after the chipmaker posted results and raised its annual revenue forecast.\nDeclining issues outnumbered advancing ones on the NYSE by a 1.82-to-1 ratio; on Nasdaq, a 1.90-to-1 ratio favored decliners.\nThe S&P 500 posted 39 new 52-week highs and no new lows; the Nasdaq Composite recorded 70 new highs and 54 new lows.\nVolume on U.S. exchanges was 8.25 billion shares, compared with the 10.12 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":65,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":175921315,"gmtCreate":1627003336237,"gmtModify":1703482203914,"author":{"id":"4089517082623800","authorId":"4089517082623800","name":"HF888","avatar":"https://static.tigerbbs.com/1749b55c949db7eda3ccd1b0aede1e05","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089517082623800","authorIdStr":"4089517082623800"},"themes":[],"htmlText":"Please give me a like . 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Tq","listText":"Please give me a like. Tq","text":"Please give me a like. Tq","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/175928292","repostId":"1164478982","repostType":4,"repost":{"id":"1164478982","kind":"news","pubTimestamp":1626995319,"share":"https://ttm.financial/m/news/1164478982?lang=&edition=fundamental","pubTime":"2021-07-23 07:08","market":"us","language":"en","title":"Wall Street ekes out gains, led by tech, growth stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=1164478982","media":"Reuters","summary":"NEW YORK  - Big tech helped Wall Street inch up to a higher close on Thursday, modestly building on a two-day rally as lackluster economic data and mixed corporate earnings prompted a pivot back to growth stocks.A pull-back in economically sensitive cyclicals kept the S&P 500’s and the blue-chip Dow’s gains muted, while small-caps underperformed their larger rivals.“The market is flip-flopping between the view that economic growth has almost peaked so you need to buy stocks that manufacture thei","content":"<p>NEW YORK (Reuters) - Big tech helped Wall Street inch up to a higher close on Thursday, modestly building on a two-day rally as lackluster economic data and mixed corporate earnings prompted a pivot back to growth stocks.</p>\n<p>A pull-back in economically sensitive cyclicals kept the S&amp;P 500’s and the blue-chip Dow’s gains muted, while small-caps underperformed their larger rivals.</p>\n<p>But megacap tech and tech-adjacent stocks, such as Microsoft Corp, Amazon.com, Apple Inc, <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc and Alphabet Inc, rose ahead of their quarterly results next week, putting the Nasdaq out front.</p>\n<p>All three major U.S. stock indexes ended the session within 1% of their record closing highs.</p>\n<p>Growth stocks, which outperformed throughout the health crisis, were back in favor, gaining 0.8%, while the value index slipped by 0.5%.</p>\n<p>“The market is flip-flopping between the view that economic growth has almost peaked so you need to buy stocks that manufacture their own growth like tech names, versus the view that economic growth will continue and you want to own cyclicals and value names,” said David Carter, chief investment officer at Lenox Wealth Advisors in New York.</p>\n<p>The number of U.S. workers filing first-time applications for unemployment benefits spiked unexpectedly to 419,000 last week, a two-month high, according to the Labor Department.</p>\n<p>Market participants are closely watching labor market indicators for hints as to when the Federal Reserve, expected to convene next week for its two-day monetary policy meeting, will begin discussions about hiking key interest rates from near zero.</p>\n<p>“The jobless data today didn’t have a meaningful impact on markets or the economic outlook,” Carter added. “It’s now all about how much longer the Fed will tolerate low rates. The Fed seems to be favoring its full employment mandate more than its price stability mandate.”</p>\n<p>“Accordingly, the upcoming Fed meeting could be impactful,” Carter said.</p>\n<p>Benchmark Treasury yields eased after the bid at the largest-ever TIPS auction touched a record low, pressuring rate sensitive banks.</p>\n<p>The Dow Jones Industrial Average rose 25.35 points, or 0.07%, to 34,823.35, the S&amp;P 500 gained 8.79 points, or 0.20%, to 4,367.48 and the Nasdaq Composite added 52.64 points, or 0.36%, to 14,684.60.</p>\n<p>Of the 11 major sectors of the S&amp;P 500, tech was shining brightest, gaining 0.7%. Energy stocks suffered the largest percentage drop.</p>\n<p>The second-quarter reporting season barreled ahead at full-throttle, with 104 of the companies in the S&amp;P 500 having reported. Of those, 88% have beaten consensus estimates, according to Refinitiv.</p>\n<p>Drugmaker Biogen Inc gained 1.1% after hiking its full-year revenue guidance, while Domino’s Pizza Inc surged 14.6% to an all-time high on the heels of its quarterly report.</p>\n<p>Southwest Airlines Co posted a bigger-than-expected quarterly loss, sending its stock down 3.5%, and American Airlines Group Inc dipped 1.1% even after reporting a quarterly profit.</p>\n<p>The S&amp;P 1500 Airlines index ended the session off 1.7%.</p>\n<p>Shares of Texas Instruments Inc slid 5.3% after its current-quarter revenue forecast cast concerns as to whether the company will be able to meet spiking demand in the face of a global semiconductor shortage.</p>\n<p>The Philadelphia SE Semiconductor index ended the session down 0.9%.</p>\n<p>Chipmaker Intel Corp slipped more than 1% in extended trading after the chipmaker posted results and raised its annual revenue forecast.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.82-to-1 ratio; on Nasdaq, a 1.90-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 39 new 52-week highs and no new lows; the Nasdaq Composite recorded 70 new highs and 54 new lows.</p>\n<p>Volume on U.S. exchanges was 8.25 billion shares, compared with the 10.12 billion average over the last 20 trading days.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street ekes out gains, led by tech, growth stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street ekes out gains, led by tech, growth stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-23 07:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/usa-stocks/us-stocks-wall-street-ekes-out-gains-led-by-tech-growth-stocks-idUSL1N2OY2HH><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - Big tech helped Wall Street inch up to a higher close on Thursday, modestly building on a two-day rally as lackluster economic data and mixed corporate earnings prompted a pivot ...</p>\n\n<a href=\"https://www.reuters.com/article/usa-stocks/us-stocks-wall-street-ekes-out-gains-led-by-tech-growth-stocks-idUSL1N2OY2HH\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.reuters.com/article/usa-stocks/us-stocks-wall-street-ekes-out-gains-led-by-tech-growth-stocks-idUSL1N2OY2HH","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164478982","content_text":"NEW YORK (Reuters) - Big tech helped Wall Street inch up to a higher close on Thursday, modestly building on a two-day rally as lackluster economic data and mixed corporate earnings prompted a pivot back to growth stocks.\nA pull-back in economically sensitive cyclicals kept the S&P 500’s and the blue-chip Dow’s gains muted, while small-caps underperformed their larger rivals.\nBut megacap tech and tech-adjacent stocks, such as Microsoft Corp, Amazon.com, Apple Inc, Facebook Inc and Alphabet Inc, rose ahead of their quarterly results next week, putting the Nasdaq out front.\nAll three major U.S. stock indexes ended the session within 1% of their record closing highs.\nGrowth stocks, which outperformed throughout the health crisis, were back in favor, gaining 0.8%, while the value index slipped by 0.5%.\n“The market is flip-flopping between the view that economic growth has almost peaked so you need to buy stocks that manufacture their own growth like tech names, versus the view that economic growth will continue and you want to own cyclicals and value names,” said David Carter, chief investment officer at Lenox Wealth Advisors in New York.\nThe number of U.S. workers filing first-time applications for unemployment benefits spiked unexpectedly to 419,000 last week, a two-month high, according to the Labor Department.\nMarket participants are closely watching labor market indicators for hints as to when the Federal Reserve, expected to convene next week for its two-day monetary policy meeting, will begin discussions about hiking key interest rates from near zero.\n“The jobless data today didn’t have a meaningful impact on markets or the economic outlook,” Carter added. “It’s now all about how much longer the Fed will tolerate low rates. The Fed seems to be favoring its full employment mandate more than its price stability mandate.”\n“Accordingly, the upcoming Fed meeting could be impactful,” Carter said.\nBenchmark Treasury yields eased after the bid at the largest-ever TIPS auction touched a record low, pressuring rate sensitive banks.\nThe Dow Jones Industrial Average rose 25.35 points, or 0.07%, to 34,823.35, the S&P 500 gained 8.79 points, or 0.20%, to 4,367.48 and the Nasdaq Composite added 52.64 points, or 0.36%, to 14,684.60.\nOf the 11 major sectors of the S&P 500, tech was shining brightest, gaining 0.7%. Energy stocks suffered the largest percentage drop.\nThe second-quarter reporting season barreled ahead at full-throttle, with 104 of the companies in the S&P 500 having reported. Of those, 88% have beaten consensus estimates, according to Refinitiv.\nDrugmaker Biogen Inc gained 1.1% after hiking its full-year revenue guidance, while Domino’s Pizza Inc surged 14.6% to an all-time high on the heels of its quarterly report.\nSouthwest Airlines Co posted a bigger-than-expected quarterly loss, sending its stock down 3.5%, and American Airlines Group Inc dipped 1.1% even after reporting a quarterly profit.\nThe S&P 1500 Airlines index ended the session off 1.7%.\nShares of Texas Instruments Inc slid 5.3% after its current-quarter revenue forecast cast concerns as to whether the company will be able to meet spiking demand in the face of a global semiconductor shortage.\nThe Philadelphia SE Semiconductor index ended the session down 0.9%.\nChipmaker Intel Corp slipped more than 1% in extended trading after the chipmaker posted results and raised its annual revenue forecast.\nDeclining issues outnumbered advancing ones on the NYSE by a 1.82-to-1 ratio; on Nasdaq, a 1.90-to-1 ratio favored decliners.\nThe S&P 500 posted 39 new 52-week highs and no new lows; the Nasdaq Composite recorded 70 new highs and 54 new lows.\nVolume on U.S. exchanges was 8.25 billion shares, compared with the 10.12 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":65,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":175921315,"gmtCreate":1627003336237,"gmtModify":1703482203914,"author":{"id":"4089517082623800","authorId":"4089517082623800","name":"HF888","avatar":"https://static.tigerbbs.com/1749b55c949db7eda3ccd1b0aede1e05","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089517082623800","authorIdStr":"4089517082623800"},"themes":[],"htmlText":"Please give me a like . Tq&nbsp;","listText":"Please give me a like . Tq&nbsp;","text":"Please give me a like . Tq","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/175921315","repostId":"2153166605","repostType":4,"repost":{"id":"2153166605","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"T-Reuters","id":"1086160438","head_image":"https://static.tigerbbs.com/a113a995fbbc262262d15a5ce37e7bc5"},"pubTimestamp":1627000125,"share":"https://ttm.financial/m/news/2153166605?lang=&edition=fundamental","pubTime":"2021-07-23 08:28","market":"us","language":"en","title":"Magna To Acquire Veoneer In Deal Representing A Total Value Of $ 3.8 Bln","url":"https://stock-news.laohu8.com/highlight/detail?id=2153166605","media":"T-Reuters","summary":"Veoneer Inc:Magna To Acquire Veoneer, Positioning Magna'S Adas Business As A Global Leader In A Fast","content":"<p>Veoneer Inc:Magna To Acquire Veoneer, Positioning Magna'S Adas Business As A Global Leader In A Fast-Growing Industry.Magna Will Acquire All Of Issued And Outstanding Shares Of Veoneer For $ 31.25 Per Share In Cash.Announced That They Have Entered Into A Definitive Merger Agreement Under Which Magna Will Acquire Veoneer.Deal Representing A Total Value Of $ 3.8 Billion, And An Enterprise Value Of $ 3.3 Billion.Expect To Realize Annual Run-Rate Synergies Of Approximately $100 Million By 2024.Magna Expects To Operate Veoneer'S Arriver Sensor Perception And Drive Policy Software Platform As An Independent Business Unit.Veoneer Will Be Combined With Magna'S Existing Adas Business And Integrated Into Magna'S Electronics Operating Unit.Transaction Has Been Unanimously Approved By Veoneer And Magna Boards Of Directors.Veoneer'S Board Of Directors Unanimously Recommends That Veoneer Stockholders Approve Proposed Merger And Merger Agreement.Transaction Is Expected To Close Near End Of 2021.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMagna To Acquire Veoneer In Deal Representing A Total Value Of $ 3.8 Bln\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086160438\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a113a995fbbc262262d15a5ce37e7bc5);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">T-Reuters </p>\n<p class=\"h-time\">2021-07-23 08:28</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Veoneer Inc:Magna To Acquire Veoneer, Positioning Magna'S Adas Business As A Global Leader In A Fast-Growing Industry.Magna Will Acquire All Of Issued And Outstanding Shares Of Veoneer For $ 31.25 Per Share In Cash.Announced That They Have Entered Into A Definitive Merger Agreement Under Which Magna Will Acquire Veoneer.Deal Representing A Total Value Of $ 3.8 Billion, And An Enterprise Value Of $ 3.3 Billion.Expect To Realize Annual Run-Rate Synergies Of Approximately $100 Million By 2024.Magna Expects To Operate Veoneer'S Arriver Sensor Perception And Drive Policy Software Platform As An Independent Business Unit.Veoneer Will Be Combined With Magna'S Existing Adas Business And Integrated Into Magna'S Electronics Operating Unit.Transaction Has Been Unanimously Approved By Veoneer And Magna Boards Of Directors.Veoneer'S Board Of Directors Unanimously Recommends That Veoneer Stockholders Approve Proposed Merger And Merger Agreement.Transaction Is Expected To Close Near End Of 2021.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VNE":"Veoneer, Inc.","MGA":"曼格纳国际"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2153166605","content_text":"Veoneer Inc:Magna To Acquire Veoneer, Positioning Magna'S Adas Business As A Global Leader In A Fast-Growing Industry.Magna Will Acquire All Of Issued And Outstanding Shares Of Veoneer For $ 31.25 Per Share In Cash.Announced That They Have Entered Into A Definitive Merger Agreement Under Which Magna Will Acquire Veoneer.Deal Representing A Total Value Of $ 3.8 Billion, And An Enterprise Value Of $ 3.3 Billion.Expect To Realize Annual Run-Rate Synergies Of Approximately $100 Million By 2024.Magna Expects To Operate Veoneer'S Arriver Sensor Perception And Drive Policy Software Platform As An Independent Business Unit.Veoneer Will Be Combined With Magna'S Existing Adas Business And Integrated Into Magna'S Electronics Operating Unit.Transaction Has Been Unanimously Approved By Veoneer And Magna Boards Of Directors.Veoneer'S Board Of Directors Unanimously Recommends That Veoneer Stockholders Approve Proposed Merger And Merger Agreement.Transaction Is Expected To Close Near End Of 2021.","news_type":1},"isVote":1,"tweetType":1,"viewCount":119,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":175923835,"gmtCreate":1627003273527,"gmtModify":1703482202612,"author":{"id":"4089517082623800","authorId":"4089517082623800","name":"HF888","avatar":"https://static.tigerbbs.com/1749b55c949db7eda3ccd1b0aede1e05","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089517082623800","authorIdStr":"4089517082623800"},"themes":[],"htmlText":"Nicw","listText":"Nicw","text":"Nicw","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/175923835","repostId":"2153673675","repostType":4,"isVote":1,"tweetType":1,"viewCount":88,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}