|Bid||273.32 x 800|
|Ask||273.36 x 1200|
|Day's Range||270.75 - 272.21|
|52 Week Range||216.97 - 273.99|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.97|
|Expense Ratio (net)||0.17%|
In the event the U.S. government runs out of cash in September, it will not be able to issue payments on the outstanding $22 trillion debt load. Mnuchin said both sides of the political aisle agree it would be unwise to put the U.S. government in a scenario where it could default on payments. As it stands now, no one in the government wants the issue to turn into a government shutdown.
In contrast to Morgan Stanley’s view, J.P. Morgan (JPM) upped its price forecast for the S&P; 500 (SPY) from 3,000 to 3,200 on July 15.
Tracking the blue-chip stocks of the DJIA with these four exchange-traded funds (ETFs) is easy, and some investors consider them a cornerstone investment.
U.S. markets and stock ETFs muddled along on Monday as investors focused their attention on what could be a weak second-quarter earnings season. On Monday, the Invesco QQQ Trust (NASDAQ: QQQ) was up 0.1%, ...
Is the market rally justified? Corporate earnings are at the lowest level this year. We might be heading into an "earnings recession."
With most blue-chip companies' earnings scheduled over the coming weeks and investors' sentiment being mixed, investors should closely monitor the movement of the Dow ETF.
With the market at record highs and flashing consistent buy signals, we could see some give-back before stocks continue higher.
U.S. markets and stock ETFs pushed to new record highs Friday on rising optimism that the Federal Reserve will cut interest rates later this month. On Friday, the Invesco QQQ Trust (QQQ) increased 0.4%, SPDR Dow Jones Industrial Average ETF (DIA) gained 0.6% and SPDR S&P 500 ETF (SPY) rose 0.2% as the Dow Jones Industrial Average trade above 27,000 for the first time from the previous session and the S&P 500 hovered above 3000. The markets were reassured after Federal Reserve Chairman Jerome Powell all but guaranteed the central bank would cut interest rates as soon as later this month, the Wall Street Journal reports.
Fed's rate cut optimism, oil price rally, large-cap outperformance and U.S.-China short-term trade negotiations boosted Dow Jones to this height, benefiting Dow-heavy ETFs.
U.S. markets and stock ETFs were mixed Thursday, with the Dow Jones Industrial leading the charge after the Trump administration abandoned a plan to cutback drug rebates. On Thursday, the SPDR Dow Jones Industrial Average ETF (DIA) rose 0.5% and SPDR S&P 500 ETF (SPY) was flat. The decision to withdraw plans to reduce drug rebates helped shares of pharmacy benefit managers rally as the new developments meant these companies would continue to benefit from after market discounts from drugmakers, Reuters reports.
Dovish testimony from the Fed chairman boosted stocks and gold. The Nasdaq Composite broke out above a double top as the dollar stumbled.
U.S. markets and stock exchange traded funds rallied to record highs Wednesday after Federal Reserve Chairman Jerome Powell's dovish comments helped stoked bets of interest rates cuts ahead to bolster economic growth. On Wednesday, the Invesco QQQ Trust (QQQ) increased 1.1%, SPDR Dow Jones Industrial Average ETF (DIA) rose 0.5% and SPDR S&P 500 ETF (SPY) gained 0.6%. Stock investors regained their risk-on attitude after Powell stated the central bank was ready to "act as appropriate" to support ailing economic growth, Reuters reports.
U.S. stocks rallied on Wednesday morning after U.S. Federal Reserve Chair Jerome Powell suggested a U.S. interest rate cut may be imminent. Last month the Fed opted to once again defy President Donald Trump and maintain interest rates.
Goldman Sachs (GS) thinks that if the Fed's interest rate cut happens, it shouldn't lead to a big increase in stocks.