MBIA Inc is a financial services company that primarily focuses on providing innovative solutions for the management of risk and the enhancement of credit
The company is well-known for its municipal bond insurance, which protects investors against defaults in municipal bond payments. Additionally, MBIA offers structured finance and other financial guarantee products, aimed at improving the liquidity and credit quality of various debt instruments. By leveraging its expertise in risk assessment and financial management, MBIA supports a diverse range of clients, including public agencies, financial institutions, and corporate entities.
Amidst fanfare for Nasdaq 100, U.S. small-cap stocks rally, with Russell 2000 index reaching levels not seen since Aug. 2022, 80% of stocks trading above 50-day MA, outperforming large caps & Tech-heavy QQQ ETF by 11.4% (MTD)
U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 100 points on Friday. The Dow traded up 0.36% to 36,248.73 while the NASDAQ rose 0.48% to 14,409.22. The S&P 500 also rose, gaining, 0.42% to 4,604.73.
U.S. stocks traded almost flat midway through trading, following the release of jobs data. The Dow traded up 0.01% to 36,118.06 while the NASDAQ fell 0.01% to 14,338.32. The S&P 500 also fell, dropping, 0.03% to 4,584.11.
MBIA Inc. (NYSEMBI) shares are trading higher by 65% to $12.15 Friday morning after the company declared an $8.00 per share cash dividend totaling about $409 million for shareholders.
