|Bid||0.00 x 1000|
|Ask||0.00 x 1400|
|Day's Range||245.44 - 246.51|
|52 Week Range||211.70 - 265.93|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.15%|
Trade uncertainty is something no business leader is comfortable with. Trade war initiatives by the Trump administration, in the name of protecting intellectual property and national security, are now taking their toll on global businesses and raising concerns among business leaders. Trade uncertainty around U.S. policies has emerged as the biggest risk for the global corporations.
If I’ve learned anything, it’s that a majority of people don’t like to leave their comfort zone — whether that’s dealing with insecurity, seeking a new job or making an investment decision. On that last note, many investors prefer to invest in what they know. While they may know the difference between an ETF and a mutual fund, many prefer to avoid emerging market ETFs.
A woman works on socks that will be exported at a factory in Huaibei in China's eastern Anhui province on June 22, 2018. Beijing on June 19 accused Donald Trump of 'blackmail' and warned it would retaliate in kind after Trump threatened to impose fresh tariffs on Chinese goods, pushing the world's two biggest economies closer to a trade war. Escalating trade conflicts impact stock prices around the globe, most painfully in China, the U.S, France and Germany as reckless and dangerous policies continue to expand their performance.
General Electric Company ( GE), the only current member of the Dow Jones Industrial Average that was an original member of that index, is being tossed from the blue-chip benchmark. Drugstore giant Walgreen Boots Alliance, Inc. ( WBA) will replace General Electric in the Dow prior to the open of U.S. markets Tuesday, June 26, according to a statement from S&P Dow Jones Indices. Industrial conglomerate GE has seen its shares tumble by more than 55% over the past year, stoking speculation that the stock would be booted from the Dow.
While the Dow index of 30 top-shelf U.S. corporations is arguably more well known, professional investors bet much more money on what happens to the S&P 500, an index in which the one-time leading U.S. company has only a tiny influence. GE's drop from the Dow will thus likely not pose a risk of wide selling pressure by indexed investment funds. "There's only a small group of investors who actually target their investing to the Dow Jones Industrial Average," said Rick Meckler, a partner at Cherry Lane Investments, a family investment office in New Vernon, New Jersey.
The market has reacted very negatively to President Donald Trump’s aggressive approach to trade relations with China. Trump and his supporters argue, however, that the long-term benefits of a favorable trade policy could far outweigh the short-term market impacts of a trade war with China. Since Friday, Trump has imposed 25 percent tariffs on $50 billion of imported Chinese goods.
As the S&P 500 index and the Dow Jones Industrial Average (DJIA) both look at risk of losing a majority of their June gains at the open on Tuesday, one investor sees a correction as inevitable, even without trade war fears. Billionaire Jim Mellon, chairman of the Burnbrae group, told CNBC in an interview that investors should brace themselves for more selling action, rebalancing complacency that has plagued the market and working to deflate high-flying equities.
Key U.S. index funds pared their losses Monday afternoon, though Intel’s big drop continued to weigh on the Dow and semiconductor ETFs.
The US service PMI improved more in May than in April, according to Markit Economics, rising MoM (month-over-month) to 56.8 from 54.6 and beating the market estimate of 55.7. It marked its strongest expansion since April 2015.
Trade tensions between the United States and China dragged the Dow down 200 points at Monday morning's market open after U.S. President Donald Trump introduced a 25 percent tariff on $50 billion of Chinese goods last Friday. After President Trump's opening salvo, China countered with a 25 percent tariff on $34 billion of U.S. goods. According to President Trump, Chinese goods affected by the tariffs include those "that contain industrially significant technologies." The affected 818 Chinese imports was worth about $34 billion--a measure that would take place on July 6.
On June 8–15, US equity indexes had the following performances: The S&P 500 (SPY) didn’t change. The S&P Mid-Cap 400 (IVOO) fell 0.4%. The Dow Jones Industrial Average (DIA) fell 0.9%.
Traders can expect more volatility this week following President Trump's tariffs on Chinese goods and the strengthening of the U.S. dollar. President Trump announced a 25 percent tariff on $50 billion worth of Chinese goods that contain "industrially significant technologies" last Friday, which many experts believe could mark the beginning of a trade war between the U.S. and China. The White House indicated that it would impose tariffs on aerospace, robotics and machinery in response to the "unfair practices related to the acquisition of American intellectual property and technology." China has threatened to retaliate with its own tariffs on soybeans, meat, whiskey, airplanes and cars.
Between June 7 and June 14, US equity indexes’ correlations with US crude oil July futures were as follows: Dow Jones Industrial Average Index (DIA): -65% S&P Mid-Cap 400 Index (IVOO): -60.4% S&P 500 Index (SPY): -44.5%
Not a month after announcing a hold on the trade war, President Donald Trump approved Thursday night about billion in tariffs on Chinese exports. The Administration is making amendments to an early list ...
Federal tax cuts and spending hikes are giving the U.S. economy an added boost, but David Kelly, chief global strategist at J.P. Morgan Asset Management, expects the impact to be short-lived. "We got all this sugar rush of fiscal stimulus right now," he told CNBC, adding, "But it's a sugar rush." Observing that "Fiscal policy is sort of at its maximum accelerated right now," he anticipates that an economic slowdown will be underway by the second half of 2019, and that U.S. stock prices will decline in concert. "We got all this sugar rush of fiscal stimulus right now," says JPMorgan's David Kelly. Former Federal Reserve Board Chairman Ben Bernanke has voiced similar concerns.
A day earlier, North Korean leader Kim Jong-il and South Korean President Kim Dae Jung met for the first ever Inter-Korea summit. The SEC sued 63 individuals and the U.S. Attorney’s Office indicted 120 defendants connected to securities fraud in 19 microcap companies and the private placement of securities of 16 microcap companies.
Jobless Claims, Retail Sales and a new policy speech by European Central Bank (ECB) President Mario Draghi are nothing short of stellar.
From June 1–8, US equity indexes performed as follows: Dow Jones Industrial Average (DIA): rose 2.8% S&P Mid-Cap 400 (IVOO): rose 2.2% S&P 500 (SPY): rose 1.6%
President Donald Trump committed Tuesday to provide security guarantees to the Democratic People’s Republic of Korea in exchange for complete denuclearization of the Korean Peninsula. What Happened In ...
President Donald Trump's sweeping tax overhaul, which passed in Congress in December, slashed the corporate tax rate and freed up billions in savings for some of America's most powerful corporations. Record share buybacks in 2018 have been used to fatten the wallets of corporate America's management teams, according to Robert Jackson Jr., a Trump-appointed SEC commissioner.
Johnson & Johnson (JNJ.N) shareholders have endured a painful year amid worries about prospects for its many businesses, but investors capitalizing on the stock's relatively cheap valuation may be set to apply a Band-Aid to the declines. Shares of J&J, the largest U.S. healthcare company by market value, had slumped 11.2 percent this year as of Friday's close, although recent gains may indicate the start of a rebound. The stock's year-to-date decline compares to more than 2 percent gains for both the S&P 500 healthcare sector (.SPXHC) and the blue chip Dow Jones Industrial Average (.DJI), of which J&J is a member.
Clearly, investors are waiting on developments this week which have the potential to not only move market narratives, but those of global security as well.
Traditional index funds attempt merely to match the market's performance, and Rob Arnott, founder of Research Associates, derides this as a "buy high, sell low" approach to investing, Barron's reports. The originator of so-called "smart beta" indexes that look to beat the averages, Arnott notes that, by contrast, traditional index funds are structured and managed in such a way that they pass up clear opportunities to beat the market. Meanwhile, per Barron's, $730 billion is invested in smart beta products, including $180 billion in funds that have licensed the indexes created by Research Associates.