^GSPC - S&P 500

SNP - SNP Real Time Price. Currency in USD
2,768.78
-40.43 (-1.44%)
At close: 4:20PM EDT
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Previous Close2,809.21
Open2,802.00
Volume2,321,918,609
Day's Range2,755.18 - 2,806.04
52 Week Range2,532.69 - 2,940.91
Avg. Volume3,274,637,230
  • Fed Vice Chair Quarles prefers 'more gradual' rate hikes
    Yahoo Finance3 hours ago

    Fed Vice Chair Quarles prefers 'more gradual' rate hikes

    Fed Vice Chair Randal Quarles said Thursday that he has an "optimistic" outlook on the economy, adding that his preferred rate hike path is "more gradual" than others on the Fed.

  • Reuters9 minutes ago

    Wall St. slides as Saudi Arabia, Italy add to economic concerns

    U.S. stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy's budget and concerns mounted over the possibility of strained relations between the United States and Saudi Arabia, further denting investors' appetite for risk amid global trade tensions and rising interest rates. S&P 500 technology and consumer discretionary stocks fell more than 2 percent, as did the tech-heavy Nasdaq. Wall Street's major indexes pared early losses in morning trading but reversed course to fall further as European markets closed.

  • MarketWatch9 minutes ago

    PayPal reports third-quarter earnings beat, volume miss

    PayPal Holdings Inc. shares were up 1.7% in after-hours trading Thursday after the company beat third-quarter earnings and revenue expectations but fell short of estimates for total payment volume. PayPal reported net income of $436 million, or 36 cents a share, up from $380 million, or 31 cents a share, a year earlier. The company posted adjusted earnings per share of 58 cents, up from 46 cents a year ago and ahead of the FactSet consensus expectation for 54 cents. PayPal has met or exceeded FactSet earnings expectations in every quarter that it's been a standalone company. Revenue for the third quarter climbed to $3.68 billion from $3.24 billion. Analysts had been expecting $3.66 billion. Total payment volume rose to $143 billion, up from $114 billion a year earlier. The FactSet consensus called for $145 billion in TPV. PayPal said that eBay Inc. marketplace volume grew 3% and represented 11% of overall TPV, while overall merchant-services volume increased 28%. The company said that this was a record quarter for new-customer acquisition, as it added 9.1 million active accounts, bringing its total up to 254 million. Active accountholders are completing 36.5 payment transactions per year on average, according to PayPal. Peer-to-peer volume rose to $36 billion and included $17 billion in contributions from Venmo. PayPal expects adjusted EPS of 65 cents to 67 cents for the current quarter as well as revenue of $4.195 billion to $4.275 billion. The company increased the lower bound of its full-year outlook while keeping the upper bound the same. It now expects revenue of $15.42 billion to $15.5 billion for 2018, including a 3.5 percentage-point impact from the sale of its credit-receivables portfolio to Synchrony . PayPal projects $2.36 to $2.40 in adjusted EPS. The shares have gained 16% over the past 12 months, while the S&P 500 has climbed 10%.

  • Reuters11 minutes ago

    US STOCKS-Wall St slides as Saudi Arabia, Italy add to economic concerns

    U.S. stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy's budget and concerns mounted over the possibility of strained relations between the United States and Saudi Arabia, further denting investors' appetite for risk amid global trade tensions and rising interest rates. S&P 500 technology and consumer discretionary stocks fell more than 2 percent, as did the tech-heavy Nasdaq. Wall Street's major indexes pared early losses in morning trading but reversed course to fall further as European markets closed.

  • Associated Press12 minutes ago

    How major US stock indexes fared Thursday

    U.S. stocks slumped again Thursday as investors continued to sell shares of technology and internet companies, industrials, and companies that rely on consumer spending. Several industrial companies tumbled ...

  • Stocks sink on weak industrial earnings; tech skid resumes
    Associated Press15 minutes ago

    Stocks sink on weak industrial earnings; tech skid resumes

    NEW YORK (AP) — U.S. stocks slumped again Thursday as investors continued to sell shares of technology and internet companies, industrials, and companies that rely on consumer spending.

  • Dow ends more than 300 points lower on worries about global growth, interest rates
    MarketWatch19 minutes ago

    Dow ends more than 300 points lower on worries about global growth, interest rates

    U.S. stocks close lower Thursday, with the Dow Jones Industrial Average off more than 400 points at its lows, on worries about global growth and as investors continued to weigh minutes of the Federal Reserve’s September meeting.

  • MarketWatch19 minutes ago

    Atlassian stock drops after earnings show large loss

    Atlassian Inc. shares dropped more than 6% in late trading Thursday, after the collaboration-software company reported fiscal first-quarter earnings that included a large, unexpected loss. Atlassian said it lost $242.4 million, or $1.03 a share, much higher than a loss of a nickel a share a year ago. Atlassian explained that the loss was largely a result of a revaluation of debt obligations, however. "Net loss for the first quarter of fiscal 2019 included ... finance costs totaling $244.7 million, primarily as a result of marking to fair value the exchange feature on Atlassian's exchangeable senior notes and the related capped calls," the company said. After adjusting for that and other effects, the company claimed earnings of 20 cents a share, beating analysts average forecast for adjusted earnings of 19 cents a share, according to FactSet. Atlassian reported revenue of $267.3 million, up from $195.5 million a year ago and higher than the average analyst forecast of $260 million, according to FactSet. Atlassian stock has gained about 80% this year, but has struggled along with much of tech heading into earnings season, declining 14.8% so far in October as the S&P 500 index has dropped 3.6%.

  • Dollar pulls higher as high-beta currencies slide
    MarketWatch21 minutes ago

    Dollar pulls higher as high-beta currencies slide

    The U.S. dollar strengthened as Thursday’s session went on, leading to a softening of risk-sensitive currencies.

  • Associated Press26 minutes ago

    American Express: 3Q Earnings Snapshot

    The New York-based company said it had net income of $1.88 per share. The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings ...

  • Brandes 3rd Quarter Letter: Time to Consider a Contrarian Mindset
    GuruFocus.com31 minutes ago

    Brandes 3rd Quarter Letter: Time to Consider a Contrarian Mindset

    As we reach the 10-year anniversary of the start of the Global Financial Crisis, we find ourselves once again reminded of the importance of behavioral economics and investor psychology in assessing the periodic divergence between price and value. While many factors drive stock markets in the short to medium term, we should never underestimate the power of human behavior--especially when broad market metrics depart meaningfully from historical levels.

  • Reuters40 minutes ago

    US STOCKS SNAPSHOT-Wall St drops on Italy, Saudi Arabia worry

    U.S. stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy's budget and concerns mounted over the possibility of strained relations between the United ...

  • TheStreet.com40 minutes ago

    Dow Dives Sharply on Rates Fears, Tech Shares Sink Nasdaq

    The Dow Jones Industrial Average, the S&P 500 and the Nasdaq traded sharply lower on Thursday. Federal Reserve officials believe the best way to encourage a steady U.S. economy is to raise interest rates gradually, according to minutes from the central bank's last policy meeting. tumbled 10.5% on Thursday after the aerospace and defense company missed on third-quarter earnings and revenue estimates and issued a downbeat forecast.

  • What to watch in the markets: Oct. 18
    Yahoo Finance Videoyesterday

    What to watch in the markets: Oct. 18

    Here's Myles Udland with what will be making headlines tomorrow, October 18th.