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Of the 23 stocks that finished higher, none gained more than Tractor Supply (TSCO), the S&P 500's best-performing stock today. Tractor Supply gained 2.7% to $54.92 today, while the S&P 500 fell 1.5% to 2,430.01. But heck if I know why. Hershey's (HSY) 1.7% rise, which made it the number-two performer, was upgraded to Outperform from Market Perform at Bernstein. Advance AutoParts (AAP), whose 1.5% advance made it the...
The SPDR Energy Select Sector exchange-traded fund XLE, -1.41% fell 1.4% Thursday to close at a 16-month low, enough to kick off a new bear market. Many market participants define a bear market as a decline of 20% or more from a bull market peak. And the ETF tracking the energy sector (XLF), which is one of the S&P 500's SPX, -1.54% 11 key sectors, has now lost 20.3% since closing at a bull-market peak of $77.83 on Dec. 13, 2016, which at the time was an 18-month high. Of the XLE's 32 components, 15 have tumbled more than 20% year to date, and 11 of lost more than 30%. The last bear market for the XLE had ended on March 7, 2016, when the XLE closed 20.5% above its previous bear market low of
As most students and parents know, going back to school shopping can be very expensive. In fact, overall back to school spending for college students is almost double that of K-12. K-12 back to school spending is projected to jump 8% to $29.5 billion, according to a National Retail Federation survey.