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Benzinga

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Wayne Duggan

ARK Innovation ETF Hits 1-Year Anniversary Of All-Time Highs: How Closely Is ARKK Tracking The Nasdaq's Dot-Com Bubble Burst?

ARKK ARK Innovation ETF Nasdaq Jessica Rabe Cathie Wood NYSE

This week marks the one-year anniversary of Cathie Wood's ARK Innovation ETF (NYSE:ARKK) hitting its all-time high of $159.70 in February 2021. Since that peak, the ARKK fund's performance has been abysmal as investors have rotated out of unprofitable, high-growth tech stocks.

With ARKK shares now down more than 53% from their highs, DataTrek Research co-founder Jessica Rabe said this week there are some striking similarities between the price action of the ARKK fund in the last year and the price action in the Nasdaq following its dot-com bubble peak in March 2000.

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Top stories on inkl right now

Two Central North Carolina Adults Died of West Nile Virus as Mosquito Season Stretches Into Mid-October

Two Central North Carolina Adults Died of West Nile Virus as Mosquito Season Stretches Into Mid-October

Two adults in central North Carolina died of West Nile virus. Learn who faces the highest risk, which symptoms matter, and how to prevent bites.

Judge extends White House access to banned media outlets CNN, MS Now and Politico

Judge extends White House access to banned media outlets CNN, MS Now and Politico

District court judge Timothy Kelly was ruling after the Trump administration blocked access to the three outlets in September

The Guardian - US

‘Deeply unfortunate’: Hasina on Bangladesh skipping BRICS summit

‘Deeply unfortunate’: Hasina on Bangladesh skipping BRICS summit

Former Bangladesh prime minister Sheikh Hasina has called Dhaka's decision to skip the Brics summit in India “deeply unfortunate”, saying the country's participation could have opened new opportunities for its economic and social development.

The Times of India

US Justice Department threatens California over alleged noncitizen voters' list

US Justice Department threatens California over alleged noncitizen voters' list

The US Justice Department has directed California officials to investigate alleged noncitizen voters within 48 hours. It has demanded that ballots from these voters be withheld until their citizenship is confirmed. The department underlines its commitment to ensuring election integrity and may take legal action if demands are not met.…

The Economic Times

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Live: Loud explosions heard in Saudi capital Riyadh following attack on Aramco building

Live: Loud explosions heard in Saudi capital Riyadh following attack on Aramco building

Loud explosions were heard in the Saudi Arabian capital of Riyadh, AFP journalists said on Wednesday. Saudi Arabia earlier reported damage to an Aramco building in Dhahran and four people wounded in Riyadh after the kingdom intercepted Houthi missiles targeting the capital. Follow our liveblog for the latest updates.

Cornell suspends fraternity parties amid backlash over alleged sexual assault

Cornell suspends fraternity parties amid backlash over alleged sexual assault

University bans parties at frat houses for rest of academic year to conduct ‘thorough review’ of campus Greek life

The Guardian - US

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Two Central North Carolina Adults Died of West Nile Virus as Mosquito Season Stretches Into Mid-October

Two Central North Carolina Adults Died of West Nile Virus as Mosquito Season Stretches Into Mid-October

Two adults in central North Carolina died of West Nile virus. Learn who faces the highest risk, which symptoms matter, and how to prevent bites.

Judge extends White House access to banned media outlets CNN, MS Now and Politico

Judge extends White House access to banned media outlets CNN, MS Now and Politico

District court judge Timothy Kelly was ruling after the Trump administration blocked access to the three outlets in September

The Guardian - US

‘Deeply unfortunate’: Hasina on Bangladesh skipping BRICS summit

‘Deeply unfortunate’: Hasina on Bangladesh skipping BRICS summit

Former Bangladesh prime minister Sheikh Hasina has called Dhaka's decision to skip the Brics summit in India “deeply unfortunate”, saying the country's participation could have opened new opportunities for its economic and social development.

The Times of India

US Justice Department threatens California over alleged noncitizen voters' list

US Justice Department threatens California over alleged noncitizen voters' list

The US Justice Department has directed California officials to investigate alleged noncitizen voters within 48 hours. It has demanded that ballots from these voters be withheld until their citizenship is confirmed. The department underlines its commitment to ensuring election integrity and may take legal action if demands are not met.…

The Economic Times

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Live: Loud explosions heard in Saudi capital Riyadh following attack on Aramco building

Live: Loud explosions heard in Saudi capital Riyadh following attack on Aramco building

Loud explosions were heard in the Saudi Arabian capital of Riyadh, AFP journalists said on Wednesday. Saudi Arabia earlier reported damage to an Aramco building in Dhahran and four people wounded in Riyadh after the kingdom intercepted Houthi missiles targeting the capital. Follow our liveblog for the latest updates.

Cornell suspends fraternity parties amid backlash over alleged sexual assault

Cornell suspends fraternity parties amid backlash over alleged sexual assault

University bans parties at frat houses for rest of academic year to conduct ‘thorough review’ of campus Greek life

The Guardian - US

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William Shatner’s kidney stone sold for $75,000, helping a Louisiana family get a home

Most people who pass a kidney stone would happily never see it again, but William Shatner’s experience took an unexpected turn. The Star Trek actor’s small black kidney stone, which he assumed had been discarded after removal, became an unusual fundraising item when a Canadian gambling company expressed interest in…

The Times of India

'62 years in the making': Joni Mitchell becomes US citizen

Joni Mitchell has become a US citizen, 62 years after she first left Canada.

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55 Interesting Facts And Posts About The World Around Us

Well-informed people are often called insufferable know-it-alls, but that might just be jealousy. If you secretly wish to be a trivia-night hero, these fascinating facts are just what you need. They are so interesting, you might lose track of time by the end. Just scroll through and check them out…

James Bond Drank About 53 U.S. Standard Drinks a Week, and Doctors Suspected a Tremor Behind His Shaken Martinis

Doctors tallied every drink in Ian Fleming's Bond novels and found 007 averaged 92 UK units a week, about 53 U.S. drinks, with a shaky martini theory.

Netflix’s Narnia trailer featuring Led Zeppelin divides fans as some brand it a ‘disgrace’

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The Independent UK

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