The Renaissance Capital IPO ETF (IPO), a basket of the 60 or so largest IPOs in the last two years, is up 64% year-to-date.

The stocks making the biggest moves in premarket trading include Facebook, Tesla, Kansas City Southern, Costco, and more.

Tesla shares came under pressure again on Thursday, following two days of heavy selling.

PNC Financial’s Amanda Agati questions the stamina of the record market rally.

Rocket Companies, the parent of mortgage lender Quicken Loans, swung to a quarterly profit in its first results as a public company on Wednesday, driven by higher borrowings on the back of lower interest rates.

The stocks making the biggest moves in premarket trading include Macy’s, H&R Block, Peloton, Exxon, and more.

Shares of DraftKings jumped 8% on Wednesday after the company said Michael Jordan is joining the betting company as a special advisor.

Baillie Gifford has reduced its position in Tesla to below 5% but said it intends to „remain significant shareholders for many years ahead.“

Swiss watchdog FINMA said Wednesday it had initiated enforcement proceedings against Credit Suisse over the spying affair that came to light last year.

Citi says has become the first U.S. bank to receive a domestic fund custody license from the Chinese regulator, while New York-based global asset management giant BlackRock gained approval last month to establish a local subsidiary.