Stocks end mixed after starting August off on a choppy note | Business

Desy Papper

Stocks gave back some of their recent gains Monday after a day of choppy trading on Wall Street led the major indexes to a mixed finish.

The S&P 500 slipped 0.2% in the final hour of trading after holding a slight gain for much of the afternoon. The benchmark index is coming off a weekly loss, though it ended July higher, its sixth straight month of gains. It remains within 0.8% of the all-time high it set a week ago.

A slide in technology, industrial, raw materials and communication companies weighed on the market. Energy stocks also fell in tandem

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China clampdown concerns spurred record ADR trading

Desy Papper

A trader works behind plexiglass on the floor of the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 28, 2021. REUTERS/Andrew Kelly/Files

LONDON, Aug 2 (Reuters) – Market turbulence caused by Beijing’s clampdowns on its tech, education and property sectors drove trading in U.S.-listed Chinese stocks to a record high in dollar terms last month, data shows.

The concerns triggered the biggest monthly fall in China-linked American Depository Receipts (.HXC) or ADRs, as they are known, since the height of the 2008 global financial crisis, but the knock-on effect was a huge spike in trading.

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Rover shares jump in trading debut after pet-care platform goes public by merging with a SPAC

Desy Papper

Shares of Rover Group Inc., an online marketplace for pet care, rose 6% Monday in their trading debut after the company went public by merging with a special-purpose acquisition corporation, or SPAC, a vehicle that has become popular during the coronavirus pandemic.

Rover shares are trading on Nasdaq under the ticker “ROVR” after the company merged with Nebula Caravel Acquisition Corp., a SPAC backed by San Francisco-based private-equity firm True Wind Capital. The platform offers pet owners a network of pet sitters and dog walkers. SPACs, or blank-check companies, raise money in an initial public offering and then have two

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Want to win big like Nancy Pelosi’s husband? A new website tracks what politicians and their families are trading

Desy Papper
US politicians often place major bets on Wall Street.
  • A new online service allows users to easily track what stocks and securities politicians are buying and selling.
  • Data company 2iQ said it wants investors to be able to clearly see how legislators are playing the market.
  • Some politicians, such as Nancy Pelosi and her husband, are active market participants that make big gains.
  • Sign up here for our daily newsletter, 10 Things Before the Opening Bell.

House Speaker Nancy Pelosi’s husband Paul Pelosi shot onto the pages of the financial press in June after a multi-million

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tZERO Markets Begins Onboarding Exodus Investors in Preparation of Trading Exodus Shares

Desy Papper

NEW YORK–(BUSINESS WIRE)–tZERO, a leader in blockchain innovation and liquidity for digital assets, announced today that its wholly owned, FINRA member broker-dealer subsidiary, tZERO ATS, plans to admit the Exodus Movement, Inc. (Exodus) Class A common stock for secondary trading on the regulated alternative trading system operated by tZERO ATS (subject to customary due diligence and compliance with applicable regulatory requirements). The shares represent approximately $75 million of equity in Exodus, a Delaware corporation that has developed a leading non-custodial cryptocurrency software platform. It is anticipated that trading of Exodus Class A common stock will commence

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