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Tag Archives: sinks

JETS ETF joins the mile-high club, topping $1 billion in assets, even as air travel sinks 90%

Are a group of retail investors about to get grounded? Over the past two months, investors have plowed so much money into an exchange-traded fund with an out-of-favor investing thesis that it’s recently become one of only a handful of ETFs to reach $ 1 billion in assets under management. …

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Housing booming as virus spreads, Dow sinks into bear market

The housing industry remains a silver lining for the United States economy as the rapid spread of coronavirus (COVID-19) continues. The 11-year bull market on Wall Street came to an end this week as the Dow Jones Industrial Average dropped to 20% below its peak, putting it into bear territory. …

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Bloom Energy has provided incorrect financial results since IPO, stock sinks more than 20%

Bloom Energy Corp. announced Wednesday afternoon that all financial results the company has provided during and since its initial public offering will have to be restated due to an accounting error, sending its stock on a downward spiral. Bloom BE, -8.99%  shares had bounced back with a gain of more …

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