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EdeT
2021-06-29
Up up!
Growth stock comeback fuels Cathie Wood's ARK funds
EdeT
2021-06-28
Looking forward!
Elon Musk, Jack Dorsey plan bitcoin chat at July event and Ark Invest's Cathie Wood thinks it's 'brilliant'
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","listText":"Up up! ","text":"Up up!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159668734","repostId":"2147591848","repostType":2,"repost":{"id":"2147591848","kind":"news","pubTimestamp":1624944840,"share":"https://www.laohu8.com/m/news/2147591848?lang=&edition=full","pubTime":"2021-06-29 13:34","market":"us","language":"en","title":"Growth stock comeback fuels Cathie Wood's ARK funds","url":"https://stock-news.laohu8.com/highlight/detail?id=2147591848","media":"StreetInsider","summary":"NEW YORK (Reuters) - A more than 10% surge in growth stocks since the start of the quarter is fuelin","content":"<p>NEW YORK (Reuters) - A more than 10% surge in growth stocks since the start of the quarter is fueling a comeback in star stock picker Cathie Wood's ARK funds, which posted some of the worst declines among all U.S. equity funds over the first three months of the year.</p>\n<p>The ARK Innovation fund, which is managed by firm founder Wood, gained 3.5% on Monday and is now up 4.3% for the year to date, highlighting a nearly 31% comeback since hitting its May 13 low. Prior to its recent rally, the fund had been down by as much as 9% for the year.</p>\n<p>Driving the gains are declining fears of runaway inflation and the failure of U.S. bond yields to follow through on their dramatic first-quarter rally, accelerating a rotation back in to the sort of hyper-growth stocks that helped Wood post the best returns of all actively managed mutual fund managers in 2020 tracked by <a href=\"https://laohu8.com/S/MORN\">Morningstar</a>.</p>\n<p>Monday's move was also helped by breakthroughs in gene editing announced on Saturday which boosted the shares of several biotech companies Wood's firm holds in several of its funds, including its flagship Ark Innovation fund.</p>\n<p>\"<a href=\"https://laohu8.com/S/ISBC\">Investors</a> have been rewarded for staying loyal to ARK and their long-term growth strategies as fears of rising interest rates were diminished,\" said Todd Rosenbluth, director of mutual fund research at CFRA. \"ARKK has significantly outperformed the broader market in the past month and is now in the black after being down double digits.\"</p>\n<p>Among Wood's holdings are <a href=\"https://laohu8.com/S/REGN\">Regeneron Pharmaceuticals</a> Inc, which is up 22.1% since its March low, and <a href=\"https://laohu8.com/S/NTLA\">Intellia Therapeutics Inc</a>, which rallied more than 50% on Monday after posting positive interim data over the weekend from its ongoing early-stage trial for its genome editing candidate, NTLA-2001.</p>\n<p>Overall, the Russell 1000 Growth index is up 11.4% since the start of the quarter, nearly triple the 4.6% gain in the Russell 1000 Value index over the same time. Those gains have come as the price of lumber and other commodities has fallen from multi-year peaks, helping ease investor concerns over spiking inflation.</p>\n<p>The Federal Reserve took many investors by surprise with a more hawkish turn at its most recent policy meeting, sending the yield of the benchmark 10-year Treasury below 1.5% on expectations that the central bank would be less tolerant of rising inflation. That has helped bolster tech and growth stocks, as rising yields threaten to erode the value of their longer-term cash flows.</p>\n<p>Despite ARK's recent gains, the performance of its flagship fund remains in the bottom 100th percentile among U.S. mid-cap growth funds, according to Morningstar data.</p>\n<p>Whether the fund continues its recent hot streak will largely depend on the direction of the 10-year Treasury yield, said Jim Paulsen, chief investment strategist at the Leuthold Group.</p>\n<p>\"There's a high correlation between the 10-year and whether it's growth or value overall,\" as lower yields eat in to the profits of cyclical stocks such as financials, he said. While growth stocks are outperforming now, Paulsen remains skeptical the rally will continue.</p>\n<p>\"Growth is going to be really strong in the economy this year and next and I don't think we have seen the last of the inflation scare,\" he said.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Growth stock comeback fuels Cathie Wood's ARK funds</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrowth stock comeback fuels Cathie Wood's ARK funds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 13:34 GMT+8 <a href=https://www.streetinsider.com/dr/news.php?id=18616026><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - A more than 10% surge in growth stocks since the start of the quarter is fueling a comeback in star stock picker Cathie Wood's ARK funds, which posted some of the worst declines ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18616026\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKK":"ARK Innovation ETF","MORN":"晨星信息","REGN":"再生元制药公司"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18616026","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2147591848","content_text":"NEW YORK (Reuters) - A more than 10% surge in growth stocks since the start of the quarter is fueling a comeback in star stock picker Cathie Wood's ARK funds, which posted some of the worst declines among all U.S. equity funds over the first three months of the year.\nThe ARK Innovation fund, which is managed by firm founder Wood, gained 3.5% on Monday and is now up 4.3% for the year to date, highlighting a nearly 31% comeback since hitting its May 13 low. Prior to its recent rally, the fund had been down by as much as 9% for the year.\nDriving the gains are declining fears of runaway inflation and the failure of U.S. bond yields to follow through on their dramatic first-quarter rally, accelerating a rotation back in to the sort of hyper-growth stocks that helped Wood post the best returns of all actively managed mutual fund managers in 2020 tracked by Morningstar.\nMonday's move was also helped by breakthroughs in gene editing announced on Saturday which boosted the shares of several biotech companies Wood's firm holds in several of its funds, including its flagship Ark Innovation fund.\n\"Investors have been rewarded for staying loyal to ARK and their long-term growth strategies as fears of rising interest rates were diminished,\" said Todd Rosenbluth, director of mutual fund research at CFRA. \"ARKK has significantly outperformed the broader market in the past month and is now in the black after being down double digits.\"\nAmong Wood's holdings are Regeneron Pharmaceuticals Inc, which is up 22.1% since its March low, and Intellia Therapeutics Inc, which rallied more than 50% on Monday after posting positive interim data over the weekend from its ongoing early-stage trial for its genome editing candidate, NTLA-2001.\nOverall, the Russell 1000 Growth index is up 11.4% since the start of the quarter, nearly triple the 4.6% gain in the Russell 1000 Value index over the same time. Those gains have come as the price of lumber and other commodities has fallen from multi-year peaks, helping ease investor concerns over spiking inflation.\nThe Federal Reserve took many investors by surprise with a more hawkish turn at its most recent policy meeting, sending the yield of the benchmark 10-year Treasury below 1.5% on expectations that the central bank would be less tolerant of rising inflation. That has helped bolster tech and growth stocks, as rising yields threaten to erode the value of their longer-term cash flows.\nDespite ARK's recent gains, the performance of its flagship fund remains in the bottom 100th percentile among U.S. mid-cap growth funds, according to Morningstar data.\nWhether the fund continues its recent hot streak will largely depend on the direction of the 10-year Treasury yield, said Jim Paulsen, chief investment strategist at the Leuthold Group.\n\"There's a high correlation between the 10-year and whether it's growth or value overall,\" as lower yields eat in to the profits of cyclical stocks such as financials, he said. While growth stocks are outperforming now, Paulsen remains skeptical the rally will continue.\n\"Growth is going to be really strong in the economy this year and next and I don't think we have seen the last of the inflation scare,\" he said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":290,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150089305,"gmtCreate":1624875184707,"gmtModify":1633947657170,"author":{"id":"3573348203111655","authorId":"3573348203111655","name":"EdeT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573348203111655","authorIdStr":"3573348203111655"},"themes":[],"htmlText":"Looking forward!","listText":"Looking forward!","text":"Looking forward!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/150089305","repostId":"2146070690","repostType":2,"repost":{"id":"2146070690","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1624638180,"share":"https://www.laohu8.com/m/news/2146070690?lang=&edition=full","pubTime":"2021-06-26 00:23","market":"hk","language":"en","title":"Elon Musk, Jack Dorsey plan bitcoin chat at July event and Ark Invest's Cathie Wood thinks it's 'brilliant'","url":"https://stock-news.laohu8.com/highlight/detail?id=2146070690","media":"Dow Jones","summary":"MW Elon Musk, Jack Dorsey plan bitcoin chat at July event and Ark Invest's Cathie Wood thinks it's '","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Elon Musk, Jack Dorsey plan bitcoin chat at July event and Ark Invest's Cathie Wood thinks it's 'brilliant'\n</p>\n<p>\n By Mark DeCambre \n</p>\n<p>\n Call it the hallowed trinity of tech. \n</p>\n<p>\n Bitcoin bulls Jack Dorsey, <a href=\"https://laohu8.com/S/TWTR\">Twitter</a>'s CEO (TWTR), and Elon Musk, Tesla's CEO <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> agreed over Twitter on Friday to discuss the outlook of the world's No. 1 crypto at a coming event next month and ARK Invest's Cathie Wood declared the idea \"brilliant.\" \n</p>\n<p>\n The exchange focuses on a conference called \"The B Word ,\" which is described as an educational initiative to spread adoption and promote awareness of bitcoin and crypto. \n</p>\n<p>\n On Friday, Musk responded to a tweet from Dorsey promoting the online event and the two billionaires, who have sometimes endorsed conflicting views on the future of bitcoin and bitcoin mining, agreed to a get-together, although it is unclear if they intend to do so in-person or virtually. \n</p>\n<p>\n</p>\n<p>\n The online B Word event kicks of July 21 and is co-sponsored by ARK Invest, where Wood is CEO and chief investment officer. \n</p>\n<p>\n</p>\n<p>\n It isn't clear if Wood is eager to participate in talks with Dorsey and Musk or just happy to see the tech moguls planning a heart-to-heart, but as a manager of exchange traded funds that specialize in investing in \"disruptive innovation\" she is a big supporter of new technology assets and the companies that the two CEOs are linked to. \n</p>\n<p>\n Dorsey runs payment platform Square <a href=\"https://laohu8.com/S/SQ\">$(SQ)$</a> and social-media platform Twitter Inc. (TWTR) and Musk also runs SpaceX, in addition to his electric-vehicle manufacturing duties. All three are backers of the future of payments and digital assets like bitcoin. \n</p>\n<p>\n Reports on the discussions didn't do much to bitcoin prices, however. \n</p>\n<p>\n Bitcoin prices were down nearly 4% on Friday, changing hands at $32,713.41 on CoinDesk, with the broader crypto complex also under pressure, with the exception of dogecoin , which was up 6% on the session. \n</p>\n<p>\n Traditional markets, however, were headed higher, with the Dow Jones Industrial Average , the S&P 500 index and the Nasdaq Composite Index all headed for sharp weekly gains. \n</p>\n<p>\n For her part, Wood has been fighting to get on the comeback trail, with her investments having swooned in May amid a downturn in tech and growth stocks. \n</p>\n<p>\n The flagship Ark Innovation <a href=\"https://laohu8.com/S/ARKK\">$(ARKK)$</a> exchange-traded fund was nursing a year-to-date gain after an over 11% rally in June, for example. And the <a href=\"https://laohu8.com/S/ARKF\">ARK Fintech Innovation ETF</a> (ARKF) was up over 7% for the year and the month. \n</p>\n<p>\n Wood has been doubling down on her bets and predicts that bitcoin prices will eventually be $500,000 . \n</p>\n<p>\n -Mark DeCambre; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n June 25, 2021 12:23 ET (16:23 GMT)\n</p>\n<p>\n Copyright (c) 2021 Dow Jones & Company, Inc.\n</p>\n</font></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Elon Musk, Jack Dorsey plan bitcoin chat at July event and Ark Invest's Cathie Wood thinks it's 'brilliant'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElon Musk, Jack Dorsey plan bitcoin chat at July event and Ark Invest's Cathie Wood thinks it's 'brilliant'\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-06-26 00:23</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Elon Musk, Jack Dorsey plan bitcoin chat at July event and Ark Invest's Cathie Wood thinks it's 'brilliant'\n</p>\n<p>\n By Mark DeCambre \n</p>\n<p>\n Call it the hallowed trinity of tech. \n</p>\n<p>\n Bitcoin bulls Jack Dorsey, <a href=\"https://laohu8.com/S/TWTR\">Twitter</a>'s CEO (TWTR), and Elon Musk, Tesla's CEO <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> agreed over Twitter on Friday to discuss the outlook of the world's No. 1 crypto at a coming event next month and ARK Invest's Cathie Wood declared the idea \"brilliant.\" \n</p>\n<p>\n The exchange focuses on a conference called \"The B Word ,\" which is described as an educational initiative to spread adoption and promote awareness of bitcoin and crypto. \n</p>\n<p>\n On Friday, Musk responded to a tweet from Dorsey promoting the online event and the two billionaires, who have sometimes endorsed conflicting views on the future of bitcoin and bitcoin mining, agreed to a get-together, although it is unclear if they intend to do so in-person or virtually. \n</p>\n<p>\n</p>\n<p>\n The online B Word event kicks of July 21 and is co-sponsored by ARK Invest, where Wood is CEO and chief investment officer. \n</p>\n<p>\n</p>\n<p>\n It isn't clear if Wood is eager to participate in talks with Dorsey and Musk or just happy to see the tech moguls planning a heart-to-heart, but as a manager of exchange traded funds that specialize in investing in \"disruptive innovation\" she is a big supporter of new technology assets and the companies that the two CEOs are linked to. \n</p>\n<p>\n Dorsey runs payment platform Square <a href=\"https://laohu8.com/S/SQ\">$(SQ)$</a> and social-media platform Twitter Inc. (TWTR) and Musk also runs SpaceX, in addition to his electric-vehicle manufacturing duties. All three are backers of the future of payments and digital assets like bitcoin. \n</p>\n<p>\n Reports on the discussions didn't do much to bitcoin prices, however. \n</p>\n<p>\n Bitcoin prices were down nearly 4% on Friday, changing hands at $32,713.41 on CoinDesk, with the broader crypto complex also under pressure, with the exception of dogecoin , which was up 6% on the session. \n</p>\n<p>\n Traditional markets, however, were headed higher, with the Dow Jones Industrial Average , the S&P 500 index and the Nasdaq Composite Index all headed for sharp weekly gains. \n</p>\n<p>\n For her part, Wood has been fighting to get on the comeback trail, with her investments having swooned in May amid a downturn in tech and growth stocks. \n</p>\n<p>\n The flagship Ark Innovation <a href=\"https://laohu8.com/S/ARKK\">$(ARKK)$</a> exchange-traded fund was nursing a year-to-date gain after an over 11% rally in June, for example. And the <a href=\"https://laohu8.com/S/ARKF\">ARK Fintech Innovation ETF</a> (ARKF) was up over 7% for the year and the month. \n</p>\n<p>\n Wood has been doubling down on her bets and predicts that bitcoin prices will eventually be $500,000 . \n</p>\n<p>\n -Mark DeCambre; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n June 25, 2021 12:23 ET (16:23 GMT)\n</p>\n<p>\n Copyright (c) 2021 Dow Jones & Company, Inc.\n</p>\n</font></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter","ARKK":"ARK Innovation ETF","SQ":"Block","QNETCN":"纳斯达克中美互联网老虎指数","ARKF":"ARK Fintech Innovation ETF","TSLA":"特斯拉"},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146070690","content_text":"MW Elon Musk, Jack Dorsey plan bitcoin chat at July event and Ark Invest's Cathie Wood thinks it's 'brilliant'\n\n\n By Mark DeCambre \n\n\n Call it the hallowed trinity of tech. \n\n\n Bitcoin bulls Jack Dorsey, Twitter's CEO (TWTR), and Elon Musk, Tesla's CEO $(TSLA)$ agreed over Twitter on Friday to discuss the outlook of the world's No. 1 crypto at a coming event next month and ARK Invest's Cathie Wood declared the idea \"brilliant.\" \n\n\n The exchange focuses on a conference called \"The B Word ,\" which is described as an educational initiative to spread adoption and promote awareness of bitcoin and crypto. \n\n\n On Friday, Musk responded to a tweet from Dorsey promoting the online event and the two billionaires, who have sometimes endorsed conflicting views on the future of bitcoin and bitcoin mining, agreed to a get-together, although it is unclear if they intend to do so in-person or virtually. \n\n\n\n\n The online B Word event kicks of July 21 and is co-sponsored by ARK Invest, where Wood is CEO and chief investment officer. \n\n\n\n\n It isn't clear if Wood is eager to participate in talks with Dorsey and Musk or just happy to see the tech moguls planning a heart-to-heart, but as a manager of exchange traded funds that specialize in investing in \"disruptive innovation\" she is a big supporter of new technology assets and the companies that the two CEOs are linked to. \n\n\n Dorsey runs payment platform Square $(SQ)$ and social-media platform Twitter Inc. (TWTR) and Musk also runs SpaceX, in addition to his electric-vehicle manufacturing duties. All three are backers of the future of payments and digital assets like bitcoin. \n\n\n Reports on the discussions didn't do much to bitcoin prices, however. \n\n\n Bitcoin prices were down nearly 4% on Friday, changing hands at $32,713.41 on CoinDesk, with the broader crypto complex also under pressure, with the exception of dogecoin , which was up 6% on the session. \n\n\n Traditional markets, however, were headed higher, with the Dow Jones Industrial Average , the S&P 500 index and the Nasdaq Composite Index all headed for sharp weekly gains. \n\n\n For her part, Wood has been fighting to get on the comeback trail, with her investments having swooned in May amid a downturn in tech and growth stocks. \n\n\n The flagship Ark Innovation $(ARKK)$ exchange-traded fund was nursing a year-to-date gain after an over 11% rally in June, for example. And the ARK Fintech Innovation ETF (ARKF) was up over 7% for the year and the month. \n\n\n Wood has been doubling down on her bets and predicts that bitcoin prices will eventually be $500,000 . \n\n\n -Mark DeCambre; 415-439-6400; AskNewswires@dowjones.com \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n June 25, 2021 12:23 ET (16:23 GMT)\n\n\n Copyright (c) 2021 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":308,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":150089305,"gmtCreate":1624875184707,"gmtModify":1633947657170,"author":{"id":"3573348203111655","authorId":"3573348203111655","name":"EdeT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573348203111655","authorIdStr":"3573348203111655"},"themes":[],"htmlText":"Looking forward!","listText":"Looking forward!","text":"Looking forward!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/150089305","repostId":"2146070690","repostType":2,"isVote":1,"tweetType":1,"viewCount":308,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159668734,"gmtCreate":1624963789828,"gmtModify":1633946483520,"author":{"id":"3573348203111655","authorId":"3573348203111655","name":"EdeT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573348203111655","authorIdStr":"3573348203111655"},"themes":[],"htmlText":"Up up! ","listText":"Up up! ","text":"Up up!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159668734","repostId":"2147591848","repostType":2,"isVote":1,"tweetType":1,"viewCount":290,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
