Dow Jumps Nearly 200 Points On Gains For Amgen, Microsoft Stocks

Clough Global Dividend and Income Fund

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GLV Clough Global Dividend and Income Fund

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Company profile

Clough Global Dividend and Income Fund (the Fund) is a closed-end management investment company. The Fund's investment objective is to provide a high level of total return. It seeks to invest at least 80% of its net assets, including any borrowings for investment purposes, in equity securities in both United States and non-United States markets. It invests in a managed mix of equity and debt securities. The Fund may not invest more than 33% of its total assets in securities (including equity and fixed income securities) of governments and companies in emerging markets. The Fund also invest a portion of its assets in real estate investment trusts (REITs). It may not invest more than 10% of its total assets in debt securities rated below investment grade. In addition to shorting to hedge equity risk, the Fund may utilize instruments including, exchange traded funds (ETFs), derivative positions and U.S. Treasury securities. The Fund's investment advisor is Clough Capital Partners L.P.

Dow Jumps Nearly 200 Points On Gains For Amgen, Microsoft Stocks

11:52 am ET March 13, 2023 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Behind positive momentum for shares of Amgen and Microsoft, the Dow Jones Industrial Average is up Monday morning. The Dow was most recently trading 197 points (0.6%) higher, as shares of Amgen (AMGN) and Microsoft (MSFT) are contributing to the index's intraday rally. Amgen's shares have gained $6.94 (3.1%) while those of Microsoft have climbed $7.04 (2.8%), combining for a roughly 92-point boost for the Dow. Apple (AAPL), Johnson & Johnson (JNJ), and Coca-Cola (KO) are also contributing significantly to the gain. A $1 move in any of the index's 30 components results in a 6.59-point swing.

Data source: Dow Jones Market Data, FactSet. Data compiled March 13, 2023.

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March 13, 2023 11:52 ET (15:52 GMT)