Measure vows to shine light into 'closet indexes'
Are your mutual-fund managers earning their keep? A complaint lodged against many managers of funds that invest in stocks is that they collect big fees for doing little more than basing their stock picks on the market index -- say, the Standard & Poor's 500-stock index -- against which their fund's performance is measured. There's even a term for this behavior: closet indexing.
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Stocks Open Lower On Economic Woes
The major stock indexes fell in early trade Friday as fears of an economic slowdown continued to weigh on the market. Heavy-volume gainers were few, but one aircraft component maker jumped 6% in fast trade...
Market Outlook for Tuesday, September 12th
Yesterday started off on a weak leg. The market gapped down and was unable to recover above gap bottom resistance. During the NY lunch hour, a time where trading is typically very quiet and movement is minimal, the market rallied and pushed all indexes into positive territory. There was a moderate pull back after the rally. The Dow, S&P, and NASDAQ closed slightly higher. US stock futures are
Waning Consumer Confidence Weighs On Stocks
The major stock indexes gave up ground early Tuesday after the Conference Board's Consumer Confidence Index fell more than expected. Despite market weakness, one stock in the Steel-Producers group jumped 3% on a positive outlook...
Nasdaq Edges Higher In Heavier Trade
The major stock indexes turned in another resilient performance Tuesday as the market recouped the bulk of afternoon losses and ended mixed. One stock in the Media-Diversified group notched an all-time high in heavy trade...