|Day's Range||2,714.99 - 2,727.36|
|52 Week Range||2,403.59 - 2,872.87|
Indeed, the S&P 500 index (^GSPC) is staged for the best May performance in nine years, boasting a month-to-date return of 2.8% thus far, while the Dow Jones Industrial (^DJI) also headed for the best May since 2009, according to FactSet data. Back in 2009, the Dow booked a 4.1% return for May as the S&P 500 returned 5.3% that month. The Nasdaq Composite Index (^IXIC) is the outperformer, on track for a May return of 5.2%, which would represent the technology-tilted index’s best rise for that month since 2005, when it advanced by 7.63%.
How much money is in your checking account? Markets are experiencing another period of volatility this week, and new research suggests checking account customers are doing something that indicates they don’t feel as secure as they would like about the economy. Moebs Services, an economic-research firm in Lake Bluff, Ill., analyzed over 12,000 depository call reports and compared them to the Federal Reserve monetary data for 2017.
Here are the top-paid CEOs by state for 2017, as calculated by The Associated Press and Equilar, an executive data firm. The survey considered only publicly traded companies with more than $1 billion in ...
Female CEOs remain scarce at the biggest publicly traded companies but those who hold the top job receive pay competitive with male peers. Topping the list of highest-paid female CEOs is Indra Nooyi, CEO of PepsiCo, whose compensation was $25.9 million. Debra Cafaro, CEO of real estate investment trust Ventas came in second at $25.3 million.
Chief executives at the biggest public companies got an 8.5 percent raise last year, bringing the median pay package for CEOs to $11.7 million. Across the S&P 500, compensation for CEOs is often hundreds of times higher than typical workers. The pay increase matches the bump that CEOs received in 2016, according to salary, stock and other compensation data analyzed by Equilar for The Associated Press.
Many investors find it surprising that, in the wake of the fastest growth rate in corporate profits in many years, the U.S. stock market is struggling. Over the past nine decades, the stock market on average has hardly produced any gain in calendar quarters in which year-over-year earnings growth is as strong as it is currently. GAAP earnings per share for the S&P 500 (^GSPC) are projected to be 36.7% higher than the comparable quarter of a year ago, according to Standard & Poor’s. That compares to an average of just 5.9% average annual growth since the late 1980s.
Renewed geopolitical tensions also continued to drive investors into the safety of U.S. Treasurys, driving down yields.
The S&P 500 has been reasonably quiet during the week, as we have traded in a tight range. However, we have recently rallied over the last couple of weeks, so it looks very likely that we will continue to go much higher.
The S&P 500 was very volatile on Friday, ahead of the big Memorial Day weekend in the United States. The CFD markets might be open on Monday, but quite frankly the underlying S&P 500 won’t continue trading until Tuesday.