Hedge Funds

S&p 500 Ends A Hair Lower; Hedge Fund Default Concerns Hit Banks

by reuters.com posted 5months ago 13 views
NEW YORK (Reuters) - The S&P 500 ended just slightly in the red on Monday, with bank shares falling amid warnings of potential losses from a hedge fund’s default on margin calls, while optimism over the economy limited the day’s declines. The Dow ended higher, with shares of planemaker Boeing Co rising 2.3% after the company reached a deal with U.S. budget carrier Southwest Airlines Co for a variant of the 737 MAX aircraft.

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