267.38 +0.21 (0.08%)
After hours: 7:50PM EDT
|Bid||267.29 x 1800|
|Ask||267.41 x 1400|
|Day's Range||267.10 - 267.91|
|52 Week Range||216.97 - 269.28|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.97|
|Expense Ratio (net)||0.17%|
The Federal Reserve opted not to cut interest rates last week, and President Donald Trump is once again expressing his displeasure with the Fed and his appointed Fed Chair Jerome Powell. ....Think of what it could have been if the Fed had gotten it right.
Trump has been quite vocal in asking the Fed for rate cuts. While the Fed kept the interest rates unchanged on June 19, it has signaled easing ahead if the conditions so warrant. According to the CME FedWatch tool, traders are now pricing in a 100% chance of a rate cut in July.
Atlantic Equities downgraded Caterpillar (CAT) from “neutral” to “underweight.” Atlantic Equities analyst Richard Radbourne also lowered Caterpillar’s earnings estimates for fiscal 2019 and fiscal 2020.
Initial jobless claims fell 6,000 to 216,000 for the week ended June 15, which was below the 220,000 claims that economists had expected. This weekly decrease showed that the labor market still appears healthy overall.
U.S. markets and stock exchange traded funds continued to strengthen, with major benchmarks breaking into new highs, on hopes of renewed trade talks between Washington and Beijing after U.S. Vice President ...
Gold is outperforming stocks even when stock markets are making highs. The SPDR Gold Shares (GLD) has gained 8.7% in the last one month, and the VanEck Vectors Gold Miners ETF (GDX) has amplified that return by rising 21.1% in the same period.
On the heels of another robust trading day -- bringing the S&P 500 index to all-time highs, as well as striking distance of 3000 points -- we're seeing a slight pullback this morning in the pre-markets.
Peter Schiff, the CEO and and chief global strategist at Euro Pacific Capital, pulled no punches at the Benzinga Trading Summit on Thursday in New York City. This approach led to further adverse effects, Schiff told the conference. "Those consequences were the 2008 financial crisis.
During an interview with FOX Business on June 19, Jeffrey Gundlach talked about the upcoming US presidential elections in 2020. He predicted that there is a possibility that Trump may not even run for the presidential elections in 2020. He said, “I am not even sure he’s going to really run.”
U.S. markets and stock exchange traded funds maintained their momentum on Thursday, with the S&P 500 breaking into a record high, on rising expectations that the Federal Reserve will shift to a loose monetary policy with interest rate cuts as soon as next month to counteract the negative effects of a prolonged U.S.-China trade war. On Thursday, the Invesco QQQ Trust (QQQ) was up 0.9%, SPDR Dow Jones Industrial Average ETF (DIA) gained 0.9% and SPDR S&P 500 ETF (SPY) rose 1.0%. At the end of its two-day policy meeting on Wednesday, the Federal Reserve left its benchmark rates unchanged but stated it would "act as appropriate" to support the economy, fueling speculation and the risk-on market sentiment on bets of a rate cut in the near future.
Bank of America Merrill Lynch conducted a survey that polled 230 global investors with $645 billion in total assets under management between June 7 and June 13. The asset allocation of fund managers implies recessionary conditions.
U.S. markets and stock exchange traded funds continued to strengthen Wednesday after the Federal Reserve signaled potential interest rate cuts later this year, bolstering investors' confidence that the economy can weather any storms brought by the ongoing trade war with China. On Wednesday, the Invesco QQQ Trust (QQQ) was up 0.4%, SPDR Dow Jones Industrial Average ETF (DIA) gained 0.1% and SPDR S&P 500 ETF (SPY) rose 0.2%. After its latest meeting, the Fed said it “will act as appropriate to sustain” economic expansion, signaling the possibility of rate cuts of as much as half a percentage point over the remainder of 2019 to back up its promise, Reuters reports.
In a move that was widely expected, the Federal Reserve opted not to cut interest rates on Wednesday. The decision comes just six weeks after the Fed said the U.S. economy is solid and the labor market remains strong. “In light of these uncertainties and muted inflation pressures, the Committee will closely monitor the implications of incoming information for the economic outlook and will act as appropriate to sustain the expansion, with a strong labor market and inflation near its symmetric 2 percent objective,” the Fed said in a statement.
If the Fed doesn't signal significant easing ahead, the markets could nosedive. Many analysts agree that the markets might be overpricing the Fed's rate cuts this year.
This afternoon, Fed Chair Jerome Powell is expected to give public remarks on the state of the U.S. economy, even though expectations are low he will be announcing a 25 basis-point interest rate cut.
Yesterday, the Dow Jones Industrial Average (DIA) settled near the 26,465 level with about 1.4% gains for the day. The index rallied after President Donald Trump said that he would be meeting President Xi Jinping next week on the sidelines of the G-20 Summit in Japan.
U.S. markets and stock exchange traded funds rallied Tuesday, with the S&P 500 pushing toward record highs, after President Donald Trump said he would meet with Chinese President Xi Jinping at the G20 summit, reigniting hopes of continued trade talks. On Tuesday, the Invesco QQQ Trust (QQQ) was up 1.5%, SPDR Dow Jones Industrial Average ETF (DIA) gained 1.4% and SPDR S&P 500 ETF (SPY) rose 1.0%. “It looks like the markets are getting excited about the potential for some sort of agreement between Trump and China,” Charlie Ripley, a strategist at Allianz Investment Management, told the Wall Street Journal.
Global stocks surged Tuesday following news that President Donald Trump and Chinese President Xi Jinping will be meeting to discuss trade at the upcoming G-20 summit at the end of the month. What Happened ...
Could there soon be a recession? "Bond king" Jeffrey Gundlach thinks so. He shared his views regarding the Fed, markets, recession, and strategies to hedge against the slowdown during a DoubleLine investor webcast on June 13.
Fresh stimulus proposals for the ECB, which may begin as soon as next month, when the body reconvenes, are sending U.S. market futures up.