|Day's Range||215.50 - 216.52|
|52 Week Range||178.64 - 216.68|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.17%|
This week’s economic calendar will provide investors with two very important data points: the Federal Open Market Committee (FOMC) meeting on Tuesday and Wednesday that culminates with an announcement of monetary policy and the initial Q2 GDP reading on Friday. This week’s FOMC meeting and announcement are not expected to provide much in the way of excitement for the Street. The FOMC is widely expected to keep the federal funds target rate range unchanged at 1.00% to 1.25%.
U.S. equities pushed new record highs on Tuesday thanks to better-than-expected results from Caterpillar Inc. (NYSE:CAT) and McDonald’s Corporation (NYSE:MCD) before the open, leading the stocks to finish with gains of 5.9% and 4.8% respectively. In the end, the Dow Jones Industrial Average gained 0.5%, the S&P 500 gained 0.3%, the Nasdaq Composite gained a fraction, and the Russell 2000 gained 0.9%.
Sorry investors, but results of a poll of 30 finance professionals across four continents aren't supportive of the continued bull run. According to a Bloomberg survey, the bull stock market run has just ...