^GSPC - S&P 500

SNP - SNP Real Time Price. Currency in USD
2,992.07
-14.72 (-0.49%)
At close: 5:15PM EDT
Stock chart is not supported by your current browser
Previous Close3,006.79
Open3,008.42
Volume3,239,391,426
Day's Range2,984.68 - 3,016.37
52 Week Range2,346.58 - 3,027.98
Avg. Volume3,535,478,888
  • Market Recap: Friday, September 20th
    Yahoo Finance Video

    Market Recap: Friday, September 20th

    Yahoo Finance's The Final Round discuss the market action of the day.

  • What to watch in the week ahead
    Reuters Videos

    What to watch in the week ahead

    Wall Street will be looking out for a potential stock market high next week. The S&P 500 is just half a percent away from setting new records. Analysts, however, wonder how long the market can stay in record territory. Though a recent spate of economic data have turned up - lack of progress on the bruising U.S.-China trade war is keeping a lid on an upswing in business and investor sentiment. The clock is already ticking down to a Federal Reserve meeting in October, and the possibility that it could bring the third rate cut of the year. With a major split among policymakers about what should happen next, investors will be listening for clues from no less than ten Fed officials this week. Heading to the mic will be St. Louis Fed President James Bullard, who has argued for aggressive rate cuts, and Kansas City President Esther George, who wants to keep rates where they are. The week also comes with an update on the U.S. economy with a final revision to second-quarter GDP. The big earnings story next week comes from Nike. Investors will be scouring for clues on how America's numerous trade disputes are impacting the world's largest athletic gear maker. And there's also a quarterly update from Carnival. The main focus there: how much has the cruise ship operator been impacted by this year's Atlantic storm season, including the battering Hurricane Dorian delivered to the Bahamas - a Carnival island stop.

  • This simple portfolio strategy will help retirees if a recession hits
    MarketWatch

    This simple portfolio strategy will help retirees if a recession hits

    MUTUAL FUNDS WEEKLY Don’t miss these top money and investing features: Here’s how retirees should plan for an imminent recession Two-thirds of these corporate insiders now expect a U.S. recession by the end of 2020 Millennials share their retirement plans on Twitter — let’s just say it’s not good These 10 solid U.

  • Dow Jones Futures: Two Huge Questions For Stock Market Rally
    Investor's Business Daily

    Dow Jones Futures: Two Huge Questions For Stock Market Rally

    Dow Jones futures: The stock market is near new highs, but is it a long-term bull market? Also, leading stocks remain in flux as recent breakouts struggle.

  • Stocks Fall as Trade Talks Eyed; Yen Slips: Markets Wrap
    Bloomberg

    Stocks Fall as Trade Talks Eyed; Yen Slips: Markets Wrap

    (Bloomberg) -- Stocks in Asia slipped as investors monitored the latest developments in trade discussions between America and China. U.S. equity futures advanced and the yen edged lower.Hong Kong and China had the biggest declines, while Sydney rose. Japan is closed for a holiday. The onshore yuan fell amid caution in the run-up to next week’s national holidays. The Korean won sank as exports continued to deteriorate. China’s withdrawal from a planned visit to U.S. farm states had nothing to do with trade talks, according to a report.While traders remain on edge due to fragile negotiations on the trade front ahead of next month’s planned high-level talks, markets are pricing increased action from many central banks around the world. Global equities are on course for an advance this month following the Federal Reserve’s second interest-rate cut of 2019.“Global growth risks are rising,” Beverley Morris, director of rates and inflation at QIC Ltd. in Brisbane, told Bloomberg TV. “It’s certainly not panic stations at this stage, but certainly in terms of our portfolio actions, we are being more cautious.”With Tokyo closed for a holiday, market moves may be exacerbated due to thin liquidity. Cash Treasuries won’t trade until the London open and Japanese equities are shut.Elsewhere, oil advanced following a report that full repairs to Saudi oil fields hit by the drone attack may take many months.These are some key events coming up this week:New York Fed President John Williams speaks at the U.S. Treasury Market Conference hosted at his bank Monday. San Francisco Fed President Mary Daly delivers remarks in Salem, Oregon.Decisions are due Wednesday from central banks in New Zealand and Thailand. Thursday brings a monetary policy decision in the Philippines.Core PCE -- the Fed’s preferred inflation measure -- is forecast for 1.8%, the strongest reading since January. That’s due Friday.Here are the main moves in markets:StocksFutures on the S&P 500 Index rose 0.4% as of 1:03 p.m. in Sydney. The underlying gauge fell 0.5% on Friday.Hong Kong’s Hang Seng Index fell 0.8%.The Shanghai Composite Index dropped 1.3%.Australia’s S&P/ASX 200 Index added 0.4%.South Korea’s Kospi index slid 0.2%.Euro Stoxx 50 futures dipped 0.1%.CurrenciesThe yen fell 0.1% to 107.69 per dollar.The offshore yuan rose 0.1% to 7.1155 per dollar.The euro bought $1.1025.The British pound was steady at $1.2486.The won fell 0.6% to 1,194.88 per dollar.BondsFutures on 10-year Treasuries were little changed. The yield on 10-year notes fell six basis points to 1.72% on Friday.Australia’s 10-year yield slipped three basis points to 0.99%.CommoditiesGold rose 0.1% to $1,518.33 an ounce.West Texas Intermediate crude gained 1% to $58.67 a barrel.\--With assistance from Sam Kim and Matt Turner.To contact the reporters on this story: Adam Haigh in Sydney at ahaigh1@bloomberg.net;Gregor Stuart Hunter in Hong Kong at ghunter21@bloomberg.netTo contact the editors responsible for this story: Christopher Anstey at canstey@bloomberg.net, Andreea Papuc, Joanna OssingerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • How the Fed’s funding struggles highlight the fragility of Wall Street confidence
    MarketWatch

    How the Fed’s funding struggles highlight the fragility of Wall Street confidence

    Chaos hit the overnight borrowing market this week, underscoring cracks in a key funding market for Wall Street that could ripple through the real economy without a more permanent patch.

  • FX Empire

    US Stock Market: Fear Overcomes Hope

    The surprise move by the Chinese delegation may have rattled investors but White House officials seemed to take it in stride. Furthermore, President Trump had no response on Twitter, which means the event has largely been dismissed.

  • Stock market’s eerie parallels to September 2007 should raise recession fears
    MarketWatch

    Stock market’s eerie parallels to September 2007 should raise recession fears

    Since last year real GDP growth in the U.S. has been slowing. The chair of the Federal Reserve has been signaling that while growth is slowing, there is no recession risk and the Fed is forecasting continued positive growth.

  • Goldman Sachs: Expect Volatile October, Rising Gold
    Market Realist

    Goldman Sachs: Expect Volatile October, Rising Gold

    Yesterday, Goldman Sachs' strategist warned of high volatility in October. Based on Goldman Sachs' data, since 1928 volatility in October is 25% higher.

  • Retirement: Why FIRE when you can do this instead?
    MarketWatch

    Retirement: Why FIRE when you can do this instead?

    OUTSIDE THE BOX You’ve probably already heard about the FIRE movement. FIRE stands for financial independence, retire early. Usually, the people who follow it are in their 20s and 30s and saw what happened to the economy in 2008 and have decided to put saving above all else in a bid to free themselves from worry.

  • How to profit from the ‘best of both worlds’ in stock investing
    MarketWatch

    How to profit from the ‘best of both worlds’ in stock investing

    DEEP DIVE After a 10-year rally for large-cap stocks, a way to diversify your investments and reduce short-term risk is to increase exposure to mid-cap shares. We recently discussed the long-term outperformance ...

  • A stock-market selloff could spark an economic recession, says BNY Mellon’s Liz Young
    MarketWatch

    A stock-market selloff could spark an economic recession, says BNY Mellon’s Liz Young

    Investor confidence is playing an abnormally important role in U.S. equity markets, and potentially the entire U.S. economy, BNY Mellon’s Liz Young tells MarketWatch.

  • In 10 years, your best bet is still the S&P 500, says Bernstein
    MarketWatch

    In 10 years, your best bet is still the S&P 500, says Bernstein

    Our call of the day from Bernstein Research that says 10 years from now, you’ll still be better off in equities, whether it hits 4,000 or 8,000.

  • How the stock market tends to perform after back-to-back Fed rate cuts
    MarketWatch

    How the stock market tends to perform after back-to-back Fed rate cuts

    On Thursday, U.S. equity benchmarks were staging a test of fresh all-time highs, a day after the Federal Reserve cut interest rates for the second time in as many meetings.

  • Barrons.com

    Lululemon Founder Chip Wilson Sells Millions of Dollars of Stock

    Wilson has sold $800 million in shares of the athleisure retailer this year. Lululemon stock has tripled the S&P 500’s gain this year.

  • We are in an earnings recession, and it is expected to get worse
    MarketWatch

    We are in an earnings recession, and it is expected to get worse

    The S&P 500 is officially in an earnings recession for the first time in three years, and the trend is expected to get worse in the third quarter.

  • Paranoia Written All Over S&P 500 in Struggle Back to a Record
    Bloomberg

    Paranoia Written All Over S&P 500 in Struggle Back to a Record

    (Bloomberg) -- The relentless drive into defensive stocks is a logical way to cope for investors beset all year by signs a recession is at hand. It’s also a tough way to set a fresh stock record.Buoyed by a supportive Federal Reserve and strong economic data, the S&P 500 climbed within points of an all-time high Thursday only to falter as investors snubbed the growth stocks that underpinned the record bull run. They clung to industries inured to economic cycles or that go up in lockstep with bonds, making real-estate and utility stocks -- among the puniest of S&P 500 groups -- the sole bearers of the rebound from August’s rout. Just about everything else is in the red.After suffering through three different 2% plunges, the sight of an inverting yield curve and Donald Trump’s trade tweets, confidence that technology and consumer shares are set to rebound remains in short supply ahead of a batch of earnings set to show shrinking corporate profits.“People are nervous,” Peter Jankovskis, co-chief investment officer at Oakbrook Investments, said by phone. “They see signs of optimism but they’re also wary that these things have broken down several times already. They’re putting their feet back in the water with names they suspect will hold up if these hopes aren’t realized.”Even if stocks reclaimed their July highs, new records have been something less than an all-clear signal in the U.S. stock market for almost two years. Since January 2018, the average overshoot has been 1.75% before things fell apart again. Repeating that would lift the S&P 500 to 3,088. It closed the week at 3,009, about 15 points shy of a record.That’s not to say there’s no reason for bulls to remain upbeat. Economic data has started to improve. Stocks reversed losses Wednesday after Jerome Powell said the economy needed only moderate easing but that the Federal Reserve was “prepared to be aggressive” should growth falter.A recent rotation into value gave beaten-down stocks a lifeline. That’s helped the health of the market, with the aggregate advance-decline line for stocks listed on the New York Stock Exchange climbing to a record this month. Small caps, long laggards, have also rallied, with the Russell 2000 gaining about 4% this month.“The market is still persevering,” said Kim Forrest, chief investment officer at Bokeh Capital Management in Pittsburgh. “Prices are holding in there more or less and that’s a good sign. And I think the reason behind that is the relatively strong economy.”Still, it’s no wonder caution prevails amid the latest elevation. Hedge funds have resisted embracing the rally, raising bearish bets on stocks while keeping net exposure below average. At above 3,000, the S&P 500 would exceed the average year-end target of 2,952 from Wall Street strategists.Consumer sentiment is also declining and, with it, worries over an oncoming recession have spiked. The list of people lining up to ring the recession bell has expanded in recent weeks: Ray Dalio and Jeffrey Gundlach see chances of the next downturn increasing. More than a third of respondents in a Bank of America survey say one is likely in the next year, the highest probability since 2011. A net 2% of those surveyed were overweight U.S. equities, according to the bank.“The financial markets are clearly indicating a slowdown, if not a potential recession,” Rich Weiss, chief investment officer of multi-asset strategies at American Century Investments in Mountain View, California, said by phone. “This can be viewed as what’s known as climbing the wall of worry, or can be viewed as the last gasp of the bull market. I think we’re somewhat in between.”Investors have been willing to pay up for peace of mind. Electricity and energy stocks now trade at more than 20 times earnings, the most expensive valuation on record. Earlier this month, utilities’ valuation premium over the S&P 500 touched the highest since 2007 and the S&P 500 utilities sector closed at a record this week.Since the start of August, exchange-traded funds that track real-estate and consumer staples have each taken in more than $1 billion, more than any other sector, according to data compiled by Bloomberg. Last month, financial-focused funds lost near $4 billion in cash, while investors also pulled more than $1 billion from energy ETFs.Demand has spiked for smart-beta products that aim to provide a smoother stock market ride. In aggregate, low-volatility ETFs took in more than $3 billion in August, the most since December’s equity meltdown. Already this month, investors have rushed into the group faster than any other.Investors spooked by the uncertainties have also piled into gold and silver, with the largest ETF tracking gold seeing inflows of more than $6 billion since May.To Chris Gaffney at TIAA, that’s an indication investors remain worried even amid a buoyant stock market. “Investors are still worried about what the future holds,” said the firm’s president of world markets by phone.\--With assistance from Lu Wang.To contact the reporters on this story: Vildana Hajric in New York at vhajric1@bloomberg.net;Sarah Ponczek in New York at sponczek2@bloomberg.netTo contact the editor responsible for this story: Jeremy Herron at jherron8@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Barrons.com

    What the Saudi Attacks Mean for Energy Investors

    The initial spike in prices soon faded, but the supply disruption and what’s to come needs to be weighed with energy stocks.

  • Barrons.com

    The Dow Falls as Markets Try to Figure Out What Really Matters

    In a week that featured a rate cut, a massive attack on Saudi oil, and turmoil in the repo market, a Montana junket was the ultimate determinant of whether the market finished the week up or down

  • Barrons.com

    Oil Stocks, Housing, Drug-Price Plans: A Sampling of Advisory Opinion

    Stock analysts and newsletter writers discuss the investment prospects for the energy sector, Red rate cuts, P/E ratios, housing.

  • MarketWatch

    Home-builder NVR to join S&P 500 index

    NVR Inc. will join the S&P 500 index this month, the second change to the index announced this week. S&P Dow Jones Indices announced the change Friday afternoon, saying that the home-builder will replace Jefferies Financial Group Inc. in the index as of Sept. 26. Jefferies is moving down to the S&P MidCap 400 index after spinning off Spectrum Brand Holdings Inc. . Earlier in the week, S&P Dow Jones Indices announced that CDW Corp. will also move into the S&P 500 this month, replacing Total System Services Inc., which has been acquired. NVR shares declined 1.2% in after-hours trading Friday.

  • Barrons.com

    The Dow Fell 160 Points Because an Interim Trump-China Trade Deal Isn’t Doable

    All three major U.S. stock indexes closed Friday in the red, giving up earlier gains. President Donald Trump said there is no need for a trade deal with China before the 2020 election. Chinese officials canceled their visit to farms in Montana.

  • Trump says he doesn’t need China deal before election and unveils Iran central bank sanctions
    MarketWatch

    Trump says he doesn’t need China deal before election and unveils Iran central bank sanctions

    President Donald Trump on Friday said he didn’t need a trade deal with China before the 2020 elections, as he rejected a partial agreement and said “we have to do it right.”

  • GLOBAL MARKETS-Stocks fall as China cancels U.S. farm visits, yields dip
    Reuters

    GLOBAL MARKETS-Stocks fall as China cancels U.S. farm visits, yields dip

    An index of global stock markets surrendered early gains on Friday after Chinese agriculture officials who were to visit U.S. farm states next week canceled their trip, dampening optimism on U.S.-China trade talks. Renewed worries about the state of the ongoing trade tensions between Washington and Beijing drove Treasury yields lower and pushed the U.S. dollar down against the safe-haven Japanese yen.

  • Stocks end lower after trade concerns rattle markets
    MarketWatch

    Stocks end lower after trade concerns rattle markets

    U.S. stocks closed lower Friday, for the first weekly decline in a month, as investors looked beyond a litany of central-bank decisions of the past week and focused on the state of China-U.S. trade talks.