Tuesday,
January 30, 2024
Market recap
Dow Jones
38,333.45
+224.02 (+0.59%)
S&P 500
4,927.93
+36.96 (+0.76%)
Nasdaq
15,628.04
+172.68 (+1.12%)
Top Story
Could the key to fixing affordable housing be as simple as tweaking zoning policy? Some seem to think so, and Houstonâs got the receipts.
• Shares of Roomba-maker iRobot fell 8.8% after Amazon terminated its acquisition, citing no path to regulatory approval.
• Electric vehicle maker Lucid saw its stock surge 27.1% following an analystâs buy recommendation.
• The Dallas Fed Manufacturing Index showed perceptions of business activity fell to their lowest level in eight months in January, while the Production Index recorded its worst reading since mid-2020.
• Job openings for December. Weâll also get a housing update with Novemberâs S&P/Case-Shiller Home Price Index.
• It will be a big day for corporate earnings, with Google, General Motors, JetBlue, Pfizer, Sysco, UPS, Starbucks, AMD, and Microsoft among the companies reporting.
Investing is about much more than just stocks and bonds. Alternative investments, for example, are different from these traditional investment types.
Some of the biggest alternatives out there are real estate, private investments (such as private equity or private credit), and commodities. Want to invest in some farmland? Thatâs alternative investing. Planning to buy gold bars? Same story.
One key characteristic of alts? They tend to be less correlated with the stock market. That means they can help diversify an investment portfolio, potentially helping to hedge against inflation or interest rate fluctuations.
However, most alternative investments are also illiquid, meaning you likely canât pull your money out of them as quickly. This is especially true in comparison to more conventional securities like stocks and bonds. Like with all investments, itâs important to keep in mind your own risk tolerance before making your investing decision.
Check out SoFiâs Guide to Alternative Investments to learn more
Other news that caught our eye
Amazon Prime Video will now include ads as the streaming platform rolls out an ad-free subscription tier for an extra $3 per month.
About two-thirds of U.S. taxpayers believe they pay too much in federal income tax and local property taxes, according to a University of Chicago poll.
Embattled Chinese property developer Evergrande will be liquidated following a Hong Kong court order, after the company failed to finalize a restructuring plan.
Irish airline Ryanair told Boeing it would buy any 737 Max 10 aircraft refused by U.S. airlines âat the right price.â
American and United Airlines added flights numbered 1989 and 87 for the Super Bowl weekend in a nod to Taylor Swiftâs album and Travis Kelceâs jersey number.
Financial planner tip of the day
"ETFs are very similar to mutual funds and offer investors easy diversification since buying into an ETF is also buying into a collection of different assets. ETFs are generally passively managed. ETFs generally have lower fees than mutual funds. There are also differences in how ETFs and mutual funds are traded. ETFs can be traded like stocks, while mutual funds trade once per day."
Brian Walsh, CFPÂŽ at SoFi