News

On Tuesday, the S&P 500 declined, set to end a four-day streak that pushed stocks to new record highs following the U.S. presidential election. The broad market index fell 0.1%, while the Nasdaq Composite was down 0.08%. The Dow Jones Industrial Average dropped 167 points, or 0.3%. Key sectors associated with the “Trump trade” were […]

Disney is reportedly widening its search for a successor to CEO Bob Iger, according to sources cited by The Wall Street Journal on Tuesday. The company is now considering external candidates, including Andrew Wilson, CEO of video game giant Electronic Arts. Previously, Disney’s succession plan was viewed as an internal contest among four long-serving Disney […]

Citi cautions that the recent post-election optimism among investors may put the market at risk of a short-term pullback. In a client note, Citi’s quantitative research team highlighted that stock market positioning is currently “extended,” raising the risk of a potential unwind for both the S&P 500 and Russell 2000. “S&P positioning is at its […]