News explorer – Search Regulatory news, RNS Search, via Company or code, Index, Industry Sector, Headline type, Release date and Source The two promoter entities are IndusInd International Holdings Limited (IIHL) and IndusInd Limited (IL). Stocks closed lower on Wall Street as more discouraging data on jobless claims and higher bond yields gave investors little reason to keep pushing the market higher Joe Raedle/Getty Pictures Cathie Wooden’s Ark ETFs added over 130,000 shares of Tesla since final week when the EV Trade groups published principles for a low-carbon transition Surface Oncology, Inc. (NASDAQ:SURF) shares were down 9.8% during trading on Thursday . The stock traded as low as $9.30 and last traded at $9.43. Approximately 41,099 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 1,234,830 shares. The stock had previously closed at $10.46. Several research analysts […]
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IndusInd Bank gets Rs 2,021 crore capital boost from promoters
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How major US stock indexes fared Thursday
Stocks closed lower on Wall Street as more discouraging data on jobless claims and higher bond yields gave investors little reason to keep pushing the market higher
Stocks closed lower on Wall Street Thursday as more discouraging data on jobless claims and higher bond yields gave investors little reason to keep pushing the market higher.
The government reported that applications for jobless benefits rose last week to 861,000 as layoffs remained high. Walmart slumped after reporting weaker results than analysts were expecting.
The S&P 500 fell 17.36 points, or 0.4%, to 3,913.97.
The Dow Jones Industrial Average fell 119.68 points, or 0.4%, to 31,493.34.
The Nasdaq fell 100.14 points, or 0.7%, to 13,865.36.
The Russell 2000 index of smaller companies fell 37.72 points, or 1.7%, to 2,218.39.
For the week:
The S&P 500 is down 20.86 points, or 0.5%.
The Dow Jones Industrial Average is up 34.94 points, or 0.1%.
The Nasdaq is down 230.12 points, or 1.6%.
The Russell 2000 index of smaller companies is down 70.97 points, or 3.1%.
For the year:
The S&P 500 is up 157.90 points, or 4.2%.
The Dow is up 886.86 points, or 2.9%.
The Nasdaq is up 977.07 points, or 7.6%.
The Russell 2000 is up 243.53 points, or 12.3%.
Author: ABC News
Cathie Wood’s Ark ETFs added over 130,000 shares of Tesla since the EV maker’s $1.5 billion bitcoin buy | Currency N
Joe Raedle/Getty Pictures
Cathie Wooden’s Ark ETFs added over 130,000 shares of Tesla since final week when the EV maker revealed a $1.5 billion bitcoin investment and stated it plans to start accepting the cryptocurrency as a type of cost sooner or later.
Three ARK funds added publicity to Tesla. The ARK Subsequent Technology Web ETF purchased 29,508 shares of Tesla, whereas the ARK Autonomous Expertise & Robotics ETF added 13,173 shares, and the ARK Innovation ETF bought 89,447 shares.
The whole buy between the three exchange-traded funds was 132,128 shares value some $105.5 million as of Wednesday’s closing worth.
The CEO additionally stated her workforce’s “confidence in Tesla has grown” after doing analysis into “what trip sharing doubtlessly might add.”
Wooden argued an autonomous ride-sharing play by Tesla “might restrict danger considerably” as a result of “it is a way more worthwhile enterprise than electrical automobiles.”
Though Wooden stays bullish on Tesla, she did word the potential for a “valuation reset” if “charges have been to take a pointy flip up” and stated her “portfolios can be prime candidates for that reset, after all.”
Nonetheless, the CEO of the over $50 billion hedge fund Ark Make investments argued if there’s a reset and “worry” within the markets, that her workforce “will use it to our profit, concentrating our portfolio to our highest conviction names.”
The bullish tone from Cathie Wooden comes as Tesla’s gigafactory in Berlin is ready to open this yr, the Austin manufacturing unit continues to broaden, and now Tesla has set its sights on India, planning a brand new manufacturing unit within the southern state of Karnataka.
Wedbush Securities stated the transfer to a brand new market in India might need a “variety of logistical and ramp-up points,” however they imagine “the nation has important pent-up demand for EVs and represents a significant potential progress space for Tesla.”
Tesla traded down 1.35%, at $787.35, as of two:34PM ET on Thursday.
U.S. financial sector shares thoughts on a low-carbon economy
Trade groups published principles for a low-carbon transition
A collection of financial industry trade groups is calling for science-based climate policy in the U.S. that will help guide its transition to a low-carbon economy.
The U.S. Securities Industry and Financial Markets Association Inc. (SIFMA) along with 10 other industry trade associations (known as the U.S. Climate Finance Working Group) published a set of principles that they believe should underpin U.S. policy to address global warming.
The principles — which represent the views of banks, investment banks, insurers, asset managers, pension funds and other financial firms — call for the U.S. to set policy goals, based on climate science, that align with the Paris Agreement.
They also recommend measures that put a price on carbon, utilize markets, and foster innovation in financial services.
As well, the principles propose stronger U.S. engagement with the international community; more robust global data and disclosure standards; and risk-based regulation.
“The transition to a low-carbon economy will require concerted and coordinated action by all stakeholders, including tremendous reliance of financial markets to facilitate green equity investment, sector transition financing and liquidity and risk management,” said Kenneth Bentsen, Jr., president and CEO of SIFMA, in a statement.
Alongside SIFMA, the working group includes the American Bankers Association, Bank Policy Institute, CRE Finance Council, Financial Services Forum, Futures Industry Association, International Capital Market Association, Institute of International Bankers, Institute of International Finance, International Swaps and Derivatives Association, and the Investment Company Institute.
Surface Oncology (NASDAQ:SURF) Stock Price Down 9.8%
Surface Oncology, Inc. (NASDAQ:SURF) shares were down 9.8% during trading on Thursday . The stock traded as low as $9.30 and last traded at $9.43. Approximately 41,099 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 1,234,830 shares. The stock had previously closed at $10.46.
Several research analysts have recently commented on SURF shares. HC Wainwright reiterated a “buy” rating and issued a $15.00 price objective (up previously from $11.00) on shares of Surface Oncology in a report on Friday, December 18th. Zacks Investment Research downgraded Surface Oncology from a “buy” rating to a “hold” rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $11.19.
The company has a debt-to-equity ratio of 0.17, a current ratio of 7.94 and a quick ratio of 7.94. The company has a market capitalization of $378.70 million, a P/E ratio of -14.11 and a beta of 2.09. The company has a 50 day moving average of $11.28 and a 200-day moving average of $8.61.
A number of institutional investors have recently bought and sold shares of the business. Point72 Asset Management L.P. bought a new stake in Surface Oncology during the 3rd quarter valued at approximately $12,448,000. Morgan Stanley boosted its position in Surface Oncology by 1,138.7% during the 4th quarter. Morgan Stanley now owns 1,073,129 shares of the company’s stock valued at $9,916,000 after acquiring an additional 986,495 shares in the last quarter. BlackRock Inc. boosted its position in Surface Oncology by 228.2% during the 4th quarter. BlackRock Inc. now owns 951,877 shares of the company’s stock valued at $8,796,000 after acquiring an additional 661,807 shares in the last quarter. ARK Investment Management LLC bought a new stake in Surface Oncology during the 3rd quarter valued at approximately $3,133,000. Finally, Acadian Asset Management LLC boosted its position in Surface Oncology by 59.7% during the 3rd quarter. Acadian Asset Management LLC now owns 394,232 shares of the company’s stock valued at $2,720,000 after acquiring an additional 147,309 shares in the last quarter. 51.97% of the stock is currently owned by institutional investors and hedge funds.
Surface Oncology Company Profile (NASDAQ:SURF)
Surface Oncology, Inc, a clinical-stage immuno-oncology company, engages in the development of cancer therapies. The company develops human immunoglobulin isotype G4 monoclonal antibodies, including SRF231 inhibiting CD47; NZV930 inhibiting CD73; SRF617 inhibiting CD39; SRF388 targeting interleukin 27; and SRF813 targeting CD112R.
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Author: Jay Halladay