A January rebound for beaten-down tech shares made for the best month on record for Cathie Wood's flagship fund.
A January rebound for beaten-down tech shares made for the best month on record for Cathie Wood’s flagship fund.
The ARK Innovation exchange-traded fund ARKK rose 27.8% in January, its best monthly performance on record, according to Dow Jones Market Data. The bounce comes after the high-profile and formerly highflying fund suffered a 67% drop in 2022 and a 21% drop in 2021. Bond yields have pulled back to begin 2023. While the Fed is expected to deliver another rate increase on Wednesday, the central bank is seen downsizing the increase to a quarter of a percentage point after delivering a series of outsize hikes last year.
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Cathie Wood's Innovation ETF is set for best month ever as beaten-down tech stocks roar backCathie Wood is on pace to notch her best month ever as her beaten-down innovation darlings staged a big comeback in the new year.
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Museum for Art in Wood receives $10 million endowment and a new nameWindgate Foundation has gifted 'the largest, by far' endowment to the Museum, formerly called The Center for Art in Wood.
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13 Investigates: 3 inmate deaths occur at Harris County jail in the month of JanuaryIf the pace of deaths among Harris County jail inmates in 2023 continues, the jail is on track to exceed the number of deaths it had in 2022.
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Man leads Northwest Ohio police on 40-mile chase over 3 counties, report saysThe chase ended when the vehicle crashed into a home in Wood County, police say.
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