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The S&P 500 ended a volatile trading day with minimal change. Megacaps like Nvidia and Amazon weighed on the index. Investors are awaiting key economic data and earnings reports from major companies. Trade war concerns and tariff impacts are also under scrutiny. The Dow Jones Industrial Average saw a slight increase. Boeing's stock boost helped the Dow.
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The larger the IPO, the lower the expense ratio, the data showed. Offerings under 500 crore incurred average costs of 9.3%, while mega IPOs above 5,000 crore managed to keep expenses down at just 2.6% on average.
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The gold to silver ratio - measured by dividing gold prices by silver - is at 100, the highest since Covid in 2020. It is also trading above its average levels for the current century of around 85 levels, according to data from Samco Securities. The gauge, which compares the prices of gold and silver, signals that silver offers better value now.
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