271.70 +0.95 (0.35%)
After hours: 7:59PM EST
|Bid||271.67 x 800|
|Ask||271.32 x 800|
|Day's Range||269.88 - 281.36|
|52 Week Range||247.04 - 295.87|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-1.67%|
|Beta (5Y Monthly)||0.96|
|Expense Ratio (net)||0.16%|
The sell-off reflected investor fears that global growth is likely to be impacted in a meaningful way due to fears of the coronavirus, according to Chris Zaccarelli, Chief Investor Officer at Independent Advisor Alliance. The sell-off, according to Bankrate analyst Greg McBride, is a result of large institutional investors' tendency to sell first and ask questions later. "Investors are growing increasingly concerned about the hit to global economic growth and corporate earnings that coronavirus will bring," he said.
On Friday, the Invesco QQQ Trust (QQQ) decreased 1.9%, SPDR Dow Jones Industrial Average ETF (DIA) fell 0.9% and SPDR S&P 500 ETF (SPY) dropped 1.1%. Dragging on the markets, the IHS Markit’s Purchasing Managers’ index of services sector activity slipped to its lowest level since October 2013 and revealed a contraction for the first time since 2016, Reuters reports. “With the stock market overvalued and extended, especially with tech stocks being overweight, when you get these negative data points, it is an excuse to take some profits,” Mike Gibbs, director of portfolio and technical strategy at Raymond James, told Reuters.
Indices S&P 500 ETF (NYSE: SPY ) fell 1.08% to $333.34 Nasdaq ETF (NASDAQ: QQQ ) decreased 2.01% to $230.06 Dow Jones Industrial Average ETF (NYSE: DIA ) fell 1.09% to $289.62 FTSE/Xinhua China 25 ETF ...
There are no reported new countries where the Wuhan coronavirus -- COVID-19 -- appears to have spread as of today, though the death toll as well as the number of confirmed cases continues northward.
U.S. markets and stock ETFs retreated Thursday on growing fears that the coronavirus outbreak could be more contagious than previously believed. On Thursday, the Invesco QQQ Trust (QQQ) decreased 0.9%, SPDR Dow Jones Industrial Average ETF (DIA) fell 0.4% and SPDR S&P 500 ETF (SPY) dropped 0.4%. The broad markets declined sharply in early morning trading and remained depressed throughout Thursday after a Global Times report revealed a central Beijing hospital had showed 36 new cases, fueling fears of a spreading contagion in China's capital, Reuters reports.
U.S. markets and stock ETFs climbed Wednesday after China promised to support local business with another round of stimulus measures to combat the slowdown in the wake of the coronavirus contagion. On ...
U.S. markets and stock exchange traded funds retreated Tuesday after Apple's warning of a revenue hit in response to the diminished economic activity from the coronavirus outbreak in China, potentially marking the first negative outlook among large multinational companies. On Tuesday, the Invesco QQQ Trust (QQQ) fell 0.1%, SPDR Dow Jones Industrial Average ETF (DIA) was down 0.7% and SPDR S&P 500 ETF (SPY) dropped 0.4%. Technology bellwether Apple revealed a surprise sales warning Tuesday that fueled risk-off selling over the potential impact of the coronavirus on the global economy.
U.S. markets and stock ETFs dipped Friday as concerns about the potential economic impact from the sudden turn in coronavirus cases weighed on risk sentiment. On Friday, the Invesco QQQ Trust (NASDAQ: ...
With a three-day weekend ahead of us and few concrete answers regarding the COVID-19 coronavirus, it may be difficult for stocks to hold onto the slight positive sentiment.
U.S. markets and stock exchange traded funds paused the record-setting rally on Thursday as investors refocused on coronavirus fears in response to a sudden spike in number of new reported cases across ...
The momo (momentum) crowd in the stock market has it all figured out. Is Bernie Sanders’ win in New Hampshire a good thing for the stock market? Wall Street says “yes” because this makes Donald Trump stronger.
U.S. markets and stock ETFs surged to new highs Wednesday as investors looked to the Federal Reserve for further support and to a potentially contained coronavirus epidemic. On Wednesday, the Invesco QQQ Trust (QQQ) was up 0.9%, SPDR Dow Jones Industrial Average ETF (DIA) increased 0.7% and SPDR S&P 500 ETF (SPY) rose 0.5%. The markets may have also found strength on renewed bets that President Donald Trump will clinch the upcoming election as Senator Bernie Sanders leads the race in the Democratic nomination for the 2020 presidential election, following his narrow win in New Hampshire.
U.S. markets and stock ETFs tried to maintain their momentum Tuesday on optimistic forecasts that the coronavirus outbreak could be contained with a few months, alleviating some of the uncertainty surrounding the contagion. On Tuesday, the Invesco QQQ Trust (QQQ) was flat, SPDR Dow Jones Industrial Average ETF (DIA) was down 0.1% lower and SPDR S&P 500 ETF (SPY) rose 0.2%. The World Health Organization, or WHO, called the Chinese coronavirus a “very grave” international threat, but China’s foremost medical adviser on the outbreak argued the crisis could be over by April, Reuters reports.