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US Federal Reserve decided on Wednesday to keep benchmark mark interest rate near zero.
By Rony Abboud
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US Federal Reserve (Fed) decided on Wednesday to keep benchmark mark interest rate near zero. The announcement that came part of a two-day meeting also indicated that the process of scaling down bond-buying programs is looming, without any actual commitment to a date.
US Stocks received a fresh injection of optimism with the S&P 500 up by almost 1%. Energy, Financials and Technology shares were the biggest beneficiary gaining +3.17%, +1.58% and +1.40% respectively.
Trackinsight delivers reliable and comprehensive coverage on 14,000+ ETFs
Major ETFs targeting these three S&P 500 sectors tagged along with similar gains by Energy Select Sector SPDR Fund ETF (XLE, +3.08%), SPDR Financial Select Sector Fund ETF (XLF, +1.67%) and Technology Select Sector SPDR ETF (XLK,+1.37%)
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Since our founding in 2016, we have been at the forefront of the industry, delivering accessible, comprehensive, and reliable tools to support the evolving needs of investors.
Over the past decade, Trackinsight has expanded its operations across six countries, serving thousands of professional investors. We’ve consistently innovated to provide cutting-edge solutions that meet the changing demands of the ETF market.
In 2024, Kepler Cheuvreux, a leading independent European financial services firm, acquired a majority stake in Trackinsight, becoming the company's principal shareholder.
This strategic partnership solidifies Trackinsight's position as a premier provider of ETF selection and analysis tools, while strengthening Kepler Cheuvreux’s commitment to becoming a leading player in the ETF sector.
Together, we are committed to offering advanced services that empower professional investors, advisors, institutions, and issuers. This new step enables us to deliver even more comprehensive and innovative technological solutions, driving ETF investing to new heights.
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