The markets: The S&P 500 closed out the year at 5,881.63 — well below its high of 6,090 in December. Nonetheless, it added 23% for the year, an excellent performance for US stocks. Asia began the year with a selloff today — Chinese indexes were down nearly 3%. US futures were pointing to gains before the opening bell.
Today: The FBI is investigating whether the deadly terrorist attack in New Orleans is linked to the explosion of a Tesla truck outside a Trump building in Las Vegas. Both vehicles used in the attacks were rented via the Turo app.
Stephanie Ferris talks about risk
Good morning, and Happy New Year! And happy anniversary to Stephanie Ferris, who just finished her second year as CEO of Fidelity National Information Services (FIS), a Fortune 500 fintech giant that provides technology to banks, insurers and other capital markets players, enabling them to move money around the world.
She’s also the first woman to have led the company in its 50-year history and, as my colleague Luisa Beltran notes, is the most powerful woman in fintech. I’m often reluctant to mention gender [Look! A woman!] except that it clearly intensifies the spotlight–a reluctance that Ferris shares.
