Powell, appointed as Fed chair by Trump during his first term, fell out of favor with the president after stating he would wait for more clarity on the effects of the administration's broad tariffs before adjusting interest rates.
Shares of identity management software maker Okta (OKTA)
jumped 8.9% in the afternoon session after S&P Dow Jones Indices announced the company would be added to the S&P MidCap 400 before trading opens on Thursday, May 1, 2025. Being included in the index means that Okta will likely be held by many mutual funds and ETFs, which could potentially drive up demand for the stock.
Oil-linked ETFs not only provide insight into sentiment across energy sector but also face volatility. USO tracks commodity, XOP invests in energy stocks.
Investors are increasingly withdrawing from ESG-themed investment vehicles, with worldwide outflows from sustainable ETFs and mutual funds reaching a record
Bitcoin continued to be strong last week (April 20-26), with the price climbing 11.75% to $94,061, setting a two-month high. XBIT analysis pointed out that although the spot Bitcoin ETF had a record weekly net inflow of $3.1 billion, the perpetual futures market showed a sharp bearish signal, coupled with the battle for the key resistance level of $96,000, the market’s disagreement on whether Bitcoin can break through the $100,000 mark has intensified.
