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By Staff Reporters
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Over the course of the last few weeks, Cathie Wood of ARKK has been offloading the firm’s holdings in Roku, Inc. (NASDAQ:ROKU). Across all of her firm’s funds, Wood has sold stock in the streaming company totaling over $56 million. The move comes after Roku released its financials for q3.
Here is where the major benchmarks ended:
- The S&P 500 Index was up 5.36 points (0.1%) at 4,508.24; the Dow Jones Industrial Average was down 45.74 points (0.1%) at 34,945.47; the NASDAQ Composite was up 9.84 points (0.1%) at 14,113.67.
- The 10-year Treasury note yield (TNX) was uabout 9 basis points at 4.445%.
- Cboe’s Volatility Index (VIX) was up 0.14 at 14.32.
Walmart’s commentary weighed on the retail sector. Energy was also a laggard, as crude oil futures fell 5% to a four-month low of less than $73 a barrel, in part because record U.S. crude production has boosted supply.
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Filed under: "Ask-an-Advisor", Alternative Investments, Financial Planning, Funding Basics, Glossary Terms, Investing, Touring with Marcinko | Tagged: ARKK, banks, Cathie Wood, crude, energy, gold, inflation, Marcinko, markets, metals, NASDAQ, oil, real-estate, Roku, Russell Index 2000, RUT, S&P 500, stock markets, TNX, utilities, VIX, Walmart |
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