Rapid gains in technology stocks have already powered the Nasdaq back to its record levels. Disney lost 1.4 percent. Wall Street stocks advanced early today, keeping positive momentum from last week's strong jobs report ahead of key data releases on USA inflation and retail sales.
The Dow Jones Industrial Average dropped 124 points, or 0.5%, to 25211. The S&P 500 fell 17.71 points, or 0.64%, to 2,765.31. The fund purchased 20,550 shares of the exchange traded fund's stock, valued at approximately $5,084,000.
Stocks are opening slightly higher on Wall Street, led by gains in retailers and technology companies.
Evolution adds Jeff Goldblum to its dino-park sim
Goldblum appeared in a special trailer outlining his appearance, and he's already awarded it "ten Goldblums". Jurassic World Evolution is expected to be released for the PC, PlayStation 4 and Xbox One.
Industrials (-1.2%) was easily the weakest sector on the day, as investors anxious that "a mistake in trade policy could be as big as a mistake in monetary policy", according to Art Hogan, chief market strategist at B. Riley FBR.
Gains in Apple, Amazon and chipmakers Broadcom and Micron Technology drove the S&P 500 higher. SPDR Dow Jones Industrial Average ETF makes up approximately 1.3% of Centaurus Financial Inc.'s investment portfolio, making the stock its 12th biggest position. Futures for the Nasdaq 100 index rose 40.25 points to 7,164.75.
Stocks are opening higher on Wall Street and bond yields are falling as investors are relieved to see that inflation remained in check last month.
Trump considers TV commentator Kudlow as economic adviser
The president said last week that Cohn, the former top Goldman Sachs executive, was likely to return to his administration in the future.
Chipmaker Qualcomm slumped 3.3 percent after the White House blocked a hostile bid from Broadcom to take over the company, citing national security concerns.
The broad-based S&P 500 added 0.2 per cent at 2,792.63, while the tech-rich Nasdaq Composite Index gained 0.3 per cent to 7,585.93.
Smith Moore & CO. boosted its stake in SPDR Dow Jones REIT ETF (NYSEARCA:RWR) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
Remembering Pi: Google Doodle honours mathematical constant with apple pies
Today, Google homepages across the world are featuring something delectable and irrational at the same time. According to piday.org , Pi has been calculated to over one trillion digits beyond its decimal point.
The Dow Jones industrial average climbed 116 points, or 0.5 percent, to 25,294.