HStocks Wall Street’s major market averages traded lower on Friday as U.S. President Donald Trump extended the pause on attacks against Iran’s energy infrastructure into April. The tech-focused Nasdaq Composite ( COMP:IND ) was -0.8%. At the same time, the benchmark S&P 500 ( SP500 ) was -0.6%, and the blue-chip Dow ( DJI ) was -0.7% From a sector-by-sector standpoint, nine of the 11 S&P segments ...
HStocks Wall Street’s major market averages traded lower on Friday as U.S. President Donald Trump extended the pause on attacks against Iran’s energy infrastructure into April. The tech-focused Nasdaq Composite ( COMP:IND ) was -0.8%. At the same time, the benchmark S&P 500 ( SP500 ) was -0.6%, and the blue-chip Dow ( DJI ) was -0.7% From a sector-by-sector standpoint, nine of the 11 S&P segments were in the red, with consumer discretionary at the bottom. At the other end of the spectrum, utilities has been the strongest sector. The 10-year Treasury yield ( US10Y ) added 5 basis points to 4.46%, while the 2-year yield ( US2Y ) rose 1 basis point to 4.00%. The 30-year yield ( US30Y ) climbed 6 basis points to 4.98%. On the Middle East conflict front, President Trump described talks with Tehran as “going very well.” However, an Iranian official dismissed a reported U.S. proposal to end the conflict as “one-sided and unfair.” “The S&P 500 broke below 6,500 for the first time since this Iran war-driven pullback began, and that suggests that stocks want to go lower for the time being and we may very well be headed towards a 10% correction, which would leave us at 6,280. This may end up being one of the most attractive entry points for new money in the market since Liberation Day,” Glen Smith, chief investment officer of GDS Wealth Management, stated. As for stocks that were on the move, Entergy Corporation ( ETG ) climbed +3.3%, and shares of Palo Alto Networks ( PANW ) fell -6.7%. How do you think about gold as an investment? Share your opinion in our user poll . More on markets Dividend Roundup: Micron Technology, Cisco, Nucor, Freeport-McMoRan, and more 20 dividend stocks to watch as the Middle East conflict continues to shake markets OECD lifts G20 inflation outlook as rising energy prices impact global markets Exxon Mobil tops Nvidia in valuation amid the ongoing Middle East conflict Consumer staples stocks flash oversold signals as sector slides
As part of an agreement with Elliott Investment Management, Norwegian Cruise Line Holdings ( NCLH ) has replaced four board members and added another member, reaffirming the company’s “commitment to Board refreshment and shareholder value creation.” Effective March 31, Alex Cruz, former chairman and CEO of British Airways; Kevin Lansberry, former CFO of Disney Experiences; Steve Pagliuca, managing...
As part of an agreement with Elliott Investment Management, Norwegian Cruise Line Holdings ( NCLH ) has replaced four board members and added another member, reaffirming the company’s “commitment to Board refreshment and shareholder value creation.” Effective March 31, Alex Cruz, former chairman and CEO of British Airways; Kevin Lansberry, former CFO of Disney Experiences; Steve Pagliuca, managing partner and co-chairman of Bain Capital; Brian MacDonald, CEO of CDK Global; and Jonathan Cohen, CEO of Hepco Capital Management, will all join the Norwegian Cruise Line Holdings’ ( NCLH ) board. They will replace Stella David, David Abrams, Harry Curtis, and Mary Landry, all of whom have announced their resignations. Norwegian CEO John Chidsey has been appointed board chairman. This brings the board to nine members, eight of whom are independent. Pursuant to these changes, Elliott has agreed to standstill and voting commitments. The agreement follows harsh criticism from Elliott that the company’s 2026 outlook fell “meaningfully short of the company’s potential,” and the commentary during the earnings call “reinforced a troubling pattern of execution lapses and strategic missteps across the business that have been years in the making.” As one of Norwegian’s ( NCLH ) largest shareholders with a stake greater than 10%, Elliott urged changes to end a period of inconsistent strategy, weak execution, inaccurate guidance, and poor cost discipline, leaving Norwegian shares as among the worst-performing in the S&P 500 over the last five years. “With the right strategy and strong execution, we see a clear path for the stock to reach $56 per share, or 159% higher than current levels,” Elliott Management said in its letter to the board. With a refreshed board, Elliott said it is encouraged by its constructive engagement with CEO Chidsey and looks forward to engaging with him and the board “as they drive changes necessary to meaningfully improve operational execution and capitalize o...
Brookfield Asset Management ( BAM ) ( BAM:CA )-owned alternative asset manager Oaktree Capital Management is said to be meeting all its $7.7B private credit fund redemption requests. The news comes as several private credit funds curb withdrawals after a surge in redemption requests. BlackRock ( BLK ), Blue Owl Capital ( OWL ), Ares Management ( ARES ), and Apollo Global Management ( APO ) capped ...
Brookfield Asset Management ( BAM ) ( BAM:CA )-owned alternative asset manager Oaktree Capital Management is said to be meeting all its $7.7B private credit fund redemption requests. The news comes as several private credit funds curb withdrawals after a surge in redemption requests. BlackRock ( BLK ), Blue Owl Capital ( OWL ), Ares Management ( ARES ), and Apollo Global Management ( APO ) capped withdrawals from certain funds. Blackstone ( BX ) had said its $82B private credit fund's repurchase requests for the quarter exceeded the 5% of shares typically available for repurchase, and the board elected to upsize the offer to 7% of shares, the maximum amount permitted without changing the terms of the repurchase offer. Oaktree is allowing investors to take out 8.5% of net assets, equivalent to ~$400M, with Brookfield contributing about $80M for the redemptions, Bloomberg News reported on Friday, citing a regulatory filing . The Oaktree Strategic Credit Fund, aimed at retail investors, is set to repurchase 6.8% of its own shares. Brookfield has agreed to buy an additional 1.7% from a single investor, the report noted, citing a letter to the fund's investors. Furthermore, Oaktree is reportedly cutting the fund's dividend by 2 cents to 16 cents. Oaktree Strategic Credit Fund had $1.8B of available liquidity from cash and undrawn credit facilities as of March 23, and has sold a portion of its publicly traded loans and bonds this year, partly to reduce software exposure, according to the letter. More on Brookfield Asset Management Ltd. Brookfield Asset Management: Buy This Compounding Dividend Machine Now Brookfield Asset Management: Ramp Up Your Dividend Growth Brookfield Asset Management: A High-Quality Dividend Growth Machine Brookfield Asset Management launches $1 billion commercial paper program Brookfield outlines 15% dividend increase and targets record fundraising in 2026 while expanding AI infrastructure
(RTTNews) - Entergy Louisiana, a subsidiary of Entergy Corp. (ETR), on Friday announced an additional agreement with Meta Platforms, Inc. (META)to support a hyperscale data center in Northeast Louisiana, expected to deliver approximately $2 billion in customer savings over 20 yea
(RTTNews) - Entergy Louisiana, a subsidiary of Entergy Corp. (ETR), on Friday announced an additional agreement with Meta Platforms, Inc. (META)to support a hyperscale data center in Northeast Louisiana, expected to deliver approximately $2 billion in customer savings over 20 yea
The State Street SPDR Portfolio MSCI Global Stock Market ETF (NYSEMKT:SPGM) and the iShares MSCI Emerging Markets ETF (NYSEMKT:EEM) differ most in cost, risk profile, and geographic focus: EEM charges much higher fees and concentrating on emerging markets, while SPGM offers broader global diversification at a lower expense. SPGM aims to provide low-cost, diversified exposure to both developed and ...
The State Street SPDR Portfolio MSCI Global Stock Market ETF (NYSEMKT:SPGM) and the iShares MSCI Emerging Markets ETF (NYSEMKT:EEM) differ most in cost, risk profile, and geographic focus: EEM charges much higher fees and concentrating on emerging markets, while SPGM offers broader global diversification at a lower expense. SPGM aims to provide low-cost, diversified exposure to both developed and emerging global equities, making it a core holding for investors seeking worldwide stock market coverage. In contrast, EEM focuses specifically on large- and mid-cap stocks within emerging economies, offering a targeted way to access faster-growing markets but with a narrower, more volatile profile. This comparison highlights each fund’s cost, recent performance, risk, and portfolio composition to help clarify which approach may better fit different objectives. Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Continue reading