Economy & Markets
The important economic and stock market news that advisors need to know.
U.S. Oil Prices Drop Below Zero, Spooking Stocks
By Bernice NapachThe decline was linked to the May futures contract, which expires tomorrow, forcing sellers to find buyers.
April 20, 2020
Fund Outflows in March Topped Outflows in October 2008Morningstar's latest fund flows report shows investors favored money market funds over all others.
April 20, 2020
WisdomTree to Close and Liquidate 10 ETFs: Portfolio ProductsAlso, BNY Mellon launches an end-to-end tech solution for ActiveShares ETFs.
April 20, 2020
Congress Nears Deal on New Stimulus PackageThe package will provide aid for small businesses and hospitals and funds for testing, Treasury Secretary Steven Mnuchin says.
April 17, 2020
Morgan Stanley's Gorman on COVID-19 Crisis: 'You Can't Model This'The CEO also talks about his own coronavirus experience and what the economy needs to get back on its feet.
April 17, 2020
Most 401(k) Participants Staying Put Amid Volatility: MorningstarBut self-directed 401(k) investors were far more likely to make portfolio changes in Q1, Morningstar reported.
April 17, 2020
Trump Issues 3-Phase Plan to Reopen EconomyThe plan will allow governors to take "a phased and deliberate approach to re-opening their states," Trump said.
April 17, 2020
Vanguard Abruptly Closes Treasury Money Market Fund to New InvestorsIt made the move to preempt further declines in the fund's yield.