SPACs, once Wall Street's hottest tickets, have become one of the most hated trades this year.
The proprietary CNBC SPAC Post Deal Index, which is comprised of SPACs that have completed their mergers and taken their target companies public, has fallen nearly 50% this year. The losses more than doubled the S&P 500's 2022 decline as the equity benchmark fell into a bear market. Appetite for these speculative, early-stage growth names with little earnings has diminished in the face of rising rates as well as elevated market volatility. Meanwhile, a regulatory crackdown is drying up the pipeline asIllinois' primary Election Day is June 28. Get the NBC Chicago app for
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Donald Trump’s Tech Merger in Jeopardy as Grand Juries Subpoena SPAC PartnerDigital World Acquisition Corp. says the federal investigations 'can be expected' to delay, if not end, its merger deal with Trump's company. I dont want Trump back but its clear he is being surpressed & harassed by major liberal companies. They are trying to do what the law cant do cause they can never pin anything on him. remember the Russian scandal? endless. for nothing. no apologies. And yet, we care because?
Source: THR - 🏆 411. / 53 Read more »
Top Wall Street Analysts Stand by These Stocks as the First Half of 2022 Wraps UpTipRanks analyst ranking service pinpoints Wall Street’s best-performing stocks, including Adobe and Broadcom.
Source: nbcchicago - 🏆 545. / 51 Read more »
Stock futures were little changed following a major comeback week for stocksWall Street is set to wrap up the worst first half for stocks in decades this week. Cue the dump Stocks so depressed its just profit tsking closing shorts Biden’s weak market 😂
Source: CNBC - 🏆 12. / 72 Read more »
Stock Futures Fall Following a Major Comeback Week for StocksWall Street is set to wrap up the worst first half for stocks in decades this week.
Source: NBCDFW - 🏆 288. / 63 Read more »