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- Business and Finance News - 9.26.24
Business and Finance News - 9.26.24
Good Morning, Students!
Arbitrage is the practice of taking advantage of price discrepancies by simultaneously buying and selling an asset in different markets or forms. The goal is to profit from the difference in price without taking on significant risk. It is often used by traders and investors to exploit inefficiencies in the market, ensuring prices eventually converge.
Leverage arbitrage opportunities to capitalize on market inefficiencies and boost profits.
-Mr. W
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TOP STORIES
*Boeing (BA) - Boeing is a leading American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide.
Applications to refinance home loans surged 20% last week as mortgage rates fell to a two-year low of 6.13%, while the refinance share of applications rose to 55.7%. In contrast, mortgage applications to purchase a home increased by just 1% for the week, up 2% from a year ago. (CNBC)
*Mortgage Bankers Association (MBA) - The Mortgage Bankers Association (MBA) is a national trade association representing all aspects of the real estate finance industry. It advocates for the interests of mortgage professionals, including lenders, mortgage brokers, and service providers.
*Oklo (OKLO) - Oklo is a company that designs and develops advanced nuclear reactors to provide clean and sustainable energy.
*Southwest Airlines (LUV) - Southwest Airlines is a major American airline known for its low-cost carrier model.
*Volkswagen (VLKPF) - Volkswagen AG is a leading global automobile manufacturer headquartered in Wolfsburg, Germany that designs, manufactures, and sells a wide range of vehicles.
THE MARKETS
Here’s how the major indexes did yesterday:
Dow Jones Industrial Average: 41,914.75 -293.47 (-0.70%)
S&P 500: 5,722.26 -10.67 (-0.19%)
Nasdaq Composite: 18,082.21 +7.68 (+0.04%)
Russell 2000: 2,197.45 -26.54 (-1.19%)
Here’s how leading market ETFs did yesterday:
SPDR S&P 500 ETF Trust (SPY): 570.04 -1.26 (-0.22%)
iShares Core S&P 500 ETF (IVV): 572.66 -1.36 (-0.24%)
Invesco QQQ Trust (QQQ): 485.82 +0.45 (+0.09%)
Vanguard S&P 500 ETF (VOO): 525.61 -1.07 (-0.20%)
Vanguard Total Stock Market ETF (VTI): 281.94 -0.93 (-0.33%)
Here’s how The Magnificent Seven did yesterday:
Apple (AAPL) [3.471T]: 226.37 -1.00 (-0.44%)
Microsoft (MSFT) [3.212T]: 432.11 +2.94 (+0.69%)
Nvidia (NVDA) [3.043T]: 123.51 +2.64 (+2.18%)
Alphabet (GOOGL) [2.016T]: 161.49 -0.80 (-0.49%)
Amazon (AMZN) [2.004T]: 192.53 -1.43 (-0.74%)
Meta Platforms (META) [1.442T]: 568.31 +4.98 (+0.88%)
Tesla (TSLA) [819.68B]: 257.02 +2.75 (+1.08%)
Here’s how the major cryptocurrencies did yesterday:
Bitcoin (BTC): $63,481.76 (9:00PM PST on 9/25/24)
Ethereum (ETH): $2,600.70 (9:00PM PST on 9/25/24)
Solano (SOL): $148.93 (9:00PM PST on 9/25/24)
Disclaimer: This content is not intended as financial guidance. The purpose of this newsletter is purely educational, and it should not be interpreted as an encouragement to engage in buying, selling, or making any financial decisions regarding assets. Exercise caution and conduct your own research before making any investment choices.