U.S. Stock market futures are experiencing a minor dip in both of its leading indexes. S&P 500 futures fell 0.1 percent and Nasdaq 100 futures were down 0.1 percent. On Friday, the S&P 500 fell 3.38 indicate 6,734.11. The Dow Jones Industrial Average dropped 309.74 to 47,147.48, and the Nasdaq composite increased 30.23 to 22,900.59.
Wall Street’s biggest hedge funds minimized direct exposure to “Magnificent Seven” stocks consisting of Nvidia, Amazon, Alphabet and Meta in the 3rd quarter, while taking brand-new positions in software, e-commerce and payments business, according to regulative filings on Friday.
Throughout the quarter ended September 30, numerous funds likewise minimized their direct exposure to popular names in health care and energy. The current positions marked a shift from the 2nd quarter when numerous leading stock-picking companies were a lot more bullish on Big Tech names after experiencing a boom in expert system assessments. Ever since, those lofty evaluations have actually begun to come down.
Markets were broadly up throughout the 3rd quarter, with the S&P 500 increasing by almost 8%. The tech-heavy Nasdaq 100 index increased about 9% throughout the quarter.
Lone Pine Capital and Tiger Global cut their stakes in Facebook moms and dad Meta Platforms by 34.8% and 62.6% respectively, while Bridgewater and Coatue were amongst the funds that minimized their direct exposure to Nvidia.
Frequently asked questions
Q1. Which are leading 3 indexes of U.S Stock Market?
A1. Leading 3 indexes of U.S Stock market are S&P 500, Nasdaq, Dow Jones.
Q2. What has occurred to Wall Street’s ‘Magnificent Seven’ stocks?
A2. Wall Street’s biggest hedge funds minimized direct exposure to “Magnificent Seven” stocks consisting of Nvidia, Amazon, Alphabet and Meta in the 3rd quarter, while taking brand-new positions in software, e-commerce and payments business, according to regulative filings on Friday.
