New Jersey Public Employees’ Pension Fund Posts Surprisingly Strong Gains Despite Volatile Fiscal Year

New Jersey Public Employees' Pension Fund Posts Surprisingly Strong Gains Despite Volatile Fiscal Year

New Jersey’s public employees’ pension fund gained more than $5 billion in market value in the fiscal year ended June 30, bringing its total value to about $91.4 billion as it continued to rebound after heavy losses in 2022. That represents a 9.1% gain on investments, outperforming the funds’ benchmark and its long-term expected rate …

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The stock market may ignore this “bad news” as gains begin

The stock market may ignore this "bad news" as gains begin

Published: October 23, 2023 at 14:32 ET BlackRock strategists aren’t holding their breath for U.S. companies to finally turn positive in the third quarter. While many investors had hoped that the S&P 500 SPX would finally break its streak of negative quarters and post slightly positive earnings growth in the third quarter, a team of …

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