Stocks surge on steady Fed policy, Russell 2000 ETF gains over 7% for the week

From CNBC: 2024-06-14 16:22:00

labor market, it will interest the Fed quite a bit,” Mayfield said.— Alex Harring6 Hours AgoRussell 2000 ETF trades sharply over 200 DMAThe iShares Russell 2000 ETF (IWM) traded more than 6% above its 200-day moving average in Friday’s session.Shares opened Friday’s trading session around 3% higher, trading around $210 per share. IWM is on pace for a weekly gain of more than 7%, further extending its rally after last week’s 5% jump.Markets surged most of this week as the Fed signaled it would maintain a steady monetary policy. The ETF added $12.25 per share Friday, a climb of around 6.2%.— Samantha Subin6 Hours AgoQuantumscape trades near all-time lows amid broader EV selloffShares of Quantumscape traded close to their lowest levels this year on Friday.The electric vehicle battery startup has fallen more than 30% of its market cap so far in 2024. Shares were priced around $7 in afternoon trading on Friday.FFP has fallen sharply from its all-time high of $132 last February following a short seller’s report that the company falsified its test results. The stock has since steadily declined to its current levels.— Yun Li7 Hours AgoAegon stock dips as announcement converts to quarterly dividendsShares of Aegon dropped more than 40% following a move by the company to pay dividends on a quarterly basis rather than a full-year dividend.Owners of Aegon stock will now receive the yearly dividend in four equal installments. The annual dividend equates to around 30 cents per share, while the quarterly dividend disbursed equals 7.5 cents.After converting to this new schedule, Aegon will no longer issue a traditional dividend payment at year-end. Shareholders will receive their payouts on June 24, September 30, December 31, and March 31 going forward.— Alex Harring



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