|Bid||237.90 x 1800|
|Ask||238.00 x 1000|
|Day's Range||235.10 - 240.19|
|52 Week Range||182.10 - 295.87|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-16.28%|
|Beta (5Y Monthly)||1.02|
|Expense Ratio (net)||0.16%|
Movers Indices • S&P 500 ETF (NYSE:SPY) rose 2.04% to $270.59.• Nasdaq ETF (NASDAQ:QQQ) rose 1.50% to $199.35.• Dow Jones Industrial Average ETF (NYSE:DIA) increased 2.09% to $231.41.• FTSE/Xinhua China 25 ETF (NYSE:FXI) fell 0.01% to $38.09.• FTSE Europe ETF (NYSE:VGK) rose 1.04% to $44.02.Commodities • United States Oil ETF (NYSE:USO) decreased 0.63% to $5.05.• Gold ETF (NYSE:GLD) fell 0.55% to $155.12.Bonds • 20+ Yr Treasury Bond ETF (NASDAQ:TLT) fell 0.62% to $165.28.Industries • Retail ETF (NYSE:XRT) rose 4% to $32.25.• Energy (NYSE:XLE) increased 3.28% to $33.10.• Technology (NYSE:XLK) rose 2.23% to $84.75.• Financial (NYSE:XLF) rose 3.13% to $21.93.Stocks Higher • UnitedHealth Group (NYSE:UNH) increased 4.77% to $259.58.• Marriott Intl (NASDAQ:MAR) increased 12.82% to $83.28.• New York Mortgage Trust (NASDAQ:NYMT) increased 50.37% to $2.02.Stocks Lower • AT&T (NYSE:T) decreased 2.23% to $29.42.• iQIYI (NASDAQ:IQ) fell 7.41% to $16.02.• Nexa Resources (NYSE:NEXA) decreased 9.50% to $3.24.Top News • 10 Biggest Price Target Changes For Wednesday https://www.benzinga.com/analyst-ratings/price-target/20/04/15765890/10-biggest-price-target-changes-for-wednesday• Benzinga Pro's Top 5 Stocks To Watch For Wed., Apr. 8, 2020: BIDU, SLGG, ALGT, LIVX, RCII https://www.benzinga.com/short-sellers/20/04/15765550/benzinga-pros-top-5-stocks-to-watch-for-wed-apr-8-2020-bidu-slgg-algt-livx-rcii• 4 Financial Services Stocks Moving In Wednesday's Pre-Market Session https://www.benzinga.com/pre-market-outlook/20/04/15765206/4-financial-services-stocks-moving-in-wednesdays-pre-market-session• The Daily Biotech Pulse: Genmark Pre-Announces Q1 Outperformance, Sage to Eliminate 53% of Workforce, Keros IPO https://www.benzinga.com/general/biotech/20/04/15765107/the-daily-biotech-pulse-genmark-pre-announces-q1-outperformance-sage-to-eliminate-53-of-workforce• 30 Stocks Moving in Wednesday's Pre-Market Session https://www.benzinga.com/news/20/04/15765120/30-stocks-moving-in-wednesdays-pre-market-sessionUpcoming Earnings • KushCo Holdings (OTC:KSHB) is expected to release earnings for Q2. In the same quarter last year, they reported an earnings per share of -$0.09 and revenue of $35,176,000. Analysts expect the revenue to be around $30,130,000 and the earnings per share at -$0.11.• Richardson Electronics (NASDAQ:RELL) is expected to release earnings for Q3. In the same quarter last year, they reported an earnings per share of -$0.08 and revenue of $39,018,000. Analysts expect the revenue to be around $41,400,000 and the earnings per share at $0.03.Earnings Recap • MSC Industrial Direct Co (NYSE:MSM) reported earnings today for Q2, in line with consensus estimates. They reported an earnings per share of $1.0, and sales of 786,094,000. Last year, for the same quarter, they reported an EPS of $1.24 and revenue of $823,004,000.• RPM International (NYSE:RPM) reported earnings today for Q3, higher than consensus estimates. They reported an earnings per share of $0.23, and sales of 1,174,000,000. Last year, for the same quarter, they reported an EPS of $0.14 and revenue of $1,141,000,000.• Teligent (NASDAQ:TLGT) released earnings for Q4, lower than analyst estimates. They reported an EPS of -$0.17, and revenue of 15,967,000. In the same quarter last year, they reported an earnings per share of -$0.18 and revenue of $16,777,000.See more from Benzinga * Recap: MSC Industrial Direct Co Q2 Earnings * Recap: RPM International Q3 Earnings * 8 Communication Services Stocks Moving In Wednesday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
"Flattening the curve" measures are beginning to bear fruit, as are announcements from myriad pharmaceutical companies vying to develop near-term therapeutics and longer-term vaccines for the coronavirus.
Last week we saw the worst weekly unemployment claim in history and the market barely wavered - today we see a 1-day decline in new US cases and the S&P 500 rallies over 7%
The U.S. economy actually lost jobs on Friday, after a decade of gains, and the employment situation will likely only get bleaker as the nation remains closed for business to stem the spread of the deadly new coronavirus.
'This surprisingly high level of bullishness supports our own view that we haven't yet seen investor capitulation, echoing what we've seen in other data sets,' writes RBC's head of U.S. equity strategy Lori Calvasina.
Today we see 6.648 million new jobless claims, more than doubling last week's all-time high, which was itself revised upward another 24K claims.