After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Secretary of State Mike Pompeo privately told business executives and free traders that the trade war could end by the 2020 election and that hurdles to an immediate agreement...2020 Electionsread more
Market bull Jeff Saut told CNBC on Tuesday that the lows are in and the market is headed "much higher."Marketsread more
Home Depot CFO Carol Tome says "consumer confidence is near record high levels" but "consumer demand could be impacted" by lingering U.S.-China trade tensions.Mad Money with Jim Cramerread more
The company's stock seesawed after the markets closed Tuesday, initially swinging up by 4% before falling by about 2%.Retailread more
President Donald Trump believes he has quite the bargaining chip with the European Union.Marketsread more
The United States does not have a defense against hypersonic weapons, which can travel at least five times the speed of sound, or a little more than a mile per second....Defenseread more
See which stocks are posting big moves after the bell.Market Insiderread more
The Federal Reserve has lost control of interest rates as evidenced by the federal funds rate trading higher than any part of the U.S. Treasury yield curve, Jeffrey Gundlach,...Marketsread more
Investors looking to get a piece of the latest market surge poured cash into stock funds at the highest pace ever during the past four weeks.
Mutual funds and ETFs that focus on stocks garnered $58 billion in fresh money during the period that ended Wednesday, according to Bank of America Merrill Lynch. The rush comes during a period when the rose about 4 percent and was off to one of its fastest-ever starts for a calendar year.
The rush of cash is inspired by a "fear of missing out," Michael Hartnett, BofAML's chief investment strategist, said in a report on weekly fund flows. He added that the "frothy price action likely continues in the short term," though the firm's indicator of market sentiment is getting closer to a sell level.
New money didn't just go into exchange-traded funds that passively track market indexes like the S&P 500 and Dow industrials. Active funds, which have seen massive outflows in the past several years, also have reached a four-year peak inflows during the past four weeks.
All told, equity ETFs have pulled in $38.2 billion in 2018 while their mutual fund counterparts have gathered a net $5.6 billion, according to BofAML. Most mutual funds are run by managers who actively pick stocks and carry considerably higher fees than ETFs.
The one-week total inflow of $23.9 billion was the seventh-best on record.
U.S. funds showed the strongest money gains with $6.4 billion for the week, while Japan attracted $3.6 billion, emerging markets saw $3.5 billion and Europe pulled in $2.2 billion in creations. U.S. large-cap funds were the biggest beneficiary by style, with $6.5 billion of inflows, BofAML reported.
By sector, financials took in $1.6 billion while technology and energy saw $700 million apiece.
The surge comes as sentiment surveys show both professional and mom-and-pop investors getting much more optimistic.
The latest Investors Intelligence poll of professional newsletter editors saw bulls outnumber bears by 66.7 percent to 12.7 percent, the biggest spread since April 1986. The American Association of Independent Investors retail survey reported the difference at 54.1 percent to 21.4 percent.