Market Review and Trends
Weekly recap: 3 good news this Lunar New Year
By Beansprout  •  February 11, 2024
DBS raises dividends, S&P 500 hits new high & savings account rates remain high Here are a few pieces of good news to usher in the Lunar New Year. Firstly, the S&P 500 index closed above the 5,000 level for the first time, boosted by strong earnings reported by companies. Closer to home, DBS shareholders also have reason to rejoice as the company announced an increase in dividends and a bonus share issue. Lastly, we were relieved to see that most banks have maintained the interest rates on their savings accounts, despite the decline in T-bill yield and fixed deposit rates. Check out our Compare Savings Account Tool to find the best savings account with the highest interest rates. We wish you good health and prosperity in the Year of the Dragon! Source: Bloomberg. Price as of market close on 9 Feb 🚀 S&P 500 CROSSES 5,000 What happened? 80% of S&P 500 Index companies that have reported their earnings so far have beat expectations. This exceeds the...
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By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.
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