Investing.com -- Hedge funds accelerated their purchases of U.S. tech and media stocks at the fastest rate in four months last week, as per a prime brokerage note from Goldman Sachs, Reuters reported on Monday.
The Fed's recent rate cut, its first in four years, contributed to a rise in U.S. stock markets, with theclosing 1.15% higher on Friday, as recession concerns diminished and investors weighed the benefits of a more relaxed monetary policy. Hedge funds exited short positions and increased long bets in interactive media and entertainment companies, signaling positive expectations for the sector.
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो: