Investors Swarm into Stock ETFs Amid "Fiscal Cliff" Hopes—Lipper
Investors in U.S.-based
funds have pumped the most new money into stock exchange-traded
funds since mid-September, while adding to bond funds amid
growing optimism U.S. lawmakers will avoid the looming "fiscal
cliff" of tax hikes and spending cuts.
Data from Thomson Reuters' Lipper service showed on Thursday
that Stock ETFs raked in $7.66 billion in new investor cash in
the week ended Nov. 28, the most money since the week the U.S.
Federal Reserve announced its extended stimulus plan.
Protecting Your Trading Desk From the Next Tech-Driven Crash
After several technology incidents and mini-flash crashes pointing out the risks inherent in computerized trading, institutional traders and sell side desks are examining how they can protect their orders from getting caught up in the next debacle.
Facebook Stock Soars As Share Lockup Ends
Shares of Facebook Inc jumped as much as 11.2 percent on Wednesday, even as the biggest block of shares held by insiders became eligible for sale for the first time since the social media company's disappointing debut in May.