Happy Tuesday. Stocks recovered from yesterday's malaise, with the Russell 2000 rising over 1.5% and setting a new intraday high. The Nasdaq also notched a record of its own with a 1.1% rise on the day, with tech stocks helping to lift the S&P 500.
A few months ago, WSJ reported that the U.S. Securities and Exchange Commission could consider a proposal which would allow firms to move from quarterly to semiannual filings. That effort appears to be moving forward now, availing companies of a new way to reduce the administrative costs and demands of being public. Of course, retail investors and passive investors stand to lose the most if firms opt into being less transparent.
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