March 13, 2014 |
There are more millionaires in the United States than ever before. The number of households with net worth of $1 million or more, excluding their homes, is at a record 9.63 million, according to a new report. That eclipses the old mark of 9.2 million in 2007 before the global financial crisis, according to the Spectrem Group research firm. The tally of millionaires slipped to 6.7 million in 2008 as the financial crisis struck. The study reinforces other data showing that the wealthy are doing well compared to many other segments of society.
September 28, 2010 |
U.S. stocks rose Tuesday as latecomers jumped onto the September bandwagon, buying up sectors that have outperformed during the month. The S&P 500 has risen 9.4 percent so far in September, historically the worst month for stocks. "When a month takes you by surprise like this, you tend to be underexposed to stocks and overexposed in cash and bonds. And as the quarter comes to an end, people are rushing to at least have ownership of the stocks that have performed well and have a good outlook.
March 8, 2012 |
The rising stock market is making Americans richer. A powerful surge in stock prices that began in early October helped boost Americans' net worth 2.1% in the fourth quarter, according to data released Thursday by the Federal Reserve. Investor stock portfolios jumped nearly 10% in the final three months of the year, as the Standard & Poor's 500 index rose 11%. Overall net worth rose to $58.5 trillion, up nearly 20% from the early-2009 low that followed the global financial crisis.
March 13, 2012 |
It looks like actively managed stock funds can't beat the market -- even when the market itself is struggling. More than four out of five actively managed U.S. stock funds trailed their underlying indexes in 2011, even though the stock market plodded through an uninspiring year, according to new research . An analysis by Standard & Poor's Corp. found that 84% of funds underperformed last year. That's even worse than their dismal showings in the recent past. Over the last three years, 57% of funds trailed their indexes.
May 18, 2012 |
NEW YORK -- Facebook Inc. is just hours away from transforming itself into one of America's largest public companies in a splashy stock market debut that has been the talk of Wall Street. The social network is set to begin trading on the Nasdaq Stock Market at 8 a.m. Pacific time under the ticker symbol FB. It is set to become the second-largest initial public offering in history. The IPO will value Facebook at more than $104 billion, making it bigger than companies such as McDonald's and Amazon.com.
May 7, 2013 |
The Dow Jones industrial average is on a tear with the rest of the stock market, but valuations on stock prices are still reasonable. In a new report, research firm S&P Capital IQ argues that stocks are still fairly valued even though share prices lately have surged far faster than underlying corporate earnings. “Market valuations are appealing but not compelling,” Sam Stovall, the firm's chief equity strategist, concludes in the report. That's welcome news Tuesday, as the Dow Jones industrial average has jumped past 15,000 in early trading, part of a powerful rally that has sent stocks nearly straight up over most of the last six months.