Renewal

Big-money investors have dumped stocks for 4 straight weeks, even as major indexes hover near record highs

9 days ago   |   By Business Insider

Brendan McDermid/Reuters
US stocks have hit record highs in the past weeks as stimulus efforts have boosted economic-growth expectations.
Yet Bank of America revealed in a recent note that clients have dumped large amounts of money in the last weeks.
Only two sectors saw inflows: industrials and materials.
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US stocks have hit record highs in the past weeks - with the S&P 500 breaching 4,000 for the first time - as President Biden's unprecedented stimulus plan has spurred renewed economic optimism. Yet Bank of America...
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A secretive SpaceX investor has scored a 75% stock gain in the past 3 weeks

9 days ago   |   By Business Insider

Elon Musk, the founder of SpaceX.
Kevork Djansezian/Getty Images
International Holdings stock has surged 75% in the past three weeks. IHC's market cap has hit $43 billion, valuing it higher than First Abu Dhabi Bank. The UAE holding company owns a fund with a stake in Elon Musk's SpaceX. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. A SpaceX investor has seen its stock price surge 75% in the past three weeks for no apparent reason. International Holdings' market capitalization has soared to a record $43 billion as a result, surpassing the market value of First...
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