Last year was a bumper year for stocks, with all 17 top global indexes polled by Reuters ending the year higher than where they started. Only one did not rise by a double-digit percentage.
The positions were revealed in 13F filings with the U.S. Securities and Exchange Commission released on Thursday and Friday, which are one of the few public ways of tracking what hedge fund managers are selling and buying. The disclosures are made 45 days after the end of each quarter and may not reflect current positions.
The MSCI Emerging Markets Index .MSCIEF, which measures stock performance, has rebounded 4% from its early February low, though it remains down on the year. Another index measuring emerging markets currency performance .MIEM00000CUS was still sharply lower, reflecting the slide in a range of currencies from Asia to Latin America.
But a CNBC report that the Trump administration could introduce a tax incentive for people earning less than $200,000 to invest up to $10,000 in U.S. stocks gave the markets a late boost.
Wall Street climbed late in the session following a CNBC report, citing sources, that the White House was considering a tax incentive for Americans to buy stocks.
In a regulatory filing detailing its U.S.-listed investments as of Dec. 31, Berkshire also said it took a new 648,000 share stake in drugmaker Biogen Inc worth $192.4 million, and significantly reduced its stakes in two major banks, Wells Fargo & Co and Goldman Sachs Group Inc.
Below are details on carmakers’ plans (in alphabetical order):
Shares were up 8% at $179.16 in mid-afternoon.
HSBC this week unveiled a drastic overhaul, the third since the financial crisis, under interim CEO Noel Quinn.
FILE PHOTO: A view of the exterior of the Nasdaq market site in the Manhattan borough of New York City, U.S., October 24, 2016. REUTERS/Shannon Stapleton/File Photo
FILE PHOTO: A man wears a mask in Chinatown in New York, U.S., February 13, 2020. REUTERS/Yana Paskova
Gold prices hit their highest in seven years as investors sought safe-haven assets after a rise in the number of new coronavirus cases in South Korea. Oil prices rose, supported by China’s efforts to bolster its virus-weakened economy.