Roughly two thirds of large-cap active stock funds beat their Russell 1000 benchmark in April, placing the month in the 97th percentile historically for active-fund performance, according to Bank of America research. It was the best performance for active managers since May 2021.
Fund managers can
Markets are interpreting Friday's strong payrolls report as good news, says Interactive Brokers chief strategist Steve Sosnick.
"The payrolls number does justify a bit of a rally. If it doesn’t take rec
Investors sold stock and bond funds last week while flocking to money markets, according to Refinitiv Lipper fund flows data for the week ended May 3.
While investors purchased a net $5.8 billion of mutual funds and exchange-traded funds over the period, money-market purchases were entirely respons
Stocks rose Thursday after House Speaker Kevin McCarthy told reporters that the House of Representatives could vote on a debt-ceiling deal as soon as next week.