42.60 -0.34 (-0.79%)
After hours: 7:45PM EDT
|Bid||0.00 x 3000|
|Ask||0.00 x 3100|
|Day's Range||42.80 - 43.11|
|52 Week Range||41.13 - 52.08|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.69%|
Tony Dwyer, Canaccord Genuity, discusses whether today's Manafort guilty verdict and Michael Cohen's guilty plea will impact the stock market. With CNBC's Michelle Caruso-Cabrera, Tim Seymour, Dan Nathan, Karen Finerman and Steve Grasso.
Chad Morgenlander, Washington Crossing Advisors co-founder, and Lisa Erickson, U.S. Bank Wealth Management SVP, discuss how worried investors should be as the emerging markets trade lower amid the Turkish financial crisis.
The S&P 500 reached an all-time high in today's market session, tying the longest bull market recorded and could go down in history as the longest ever by Wednesday's session, but does this signal an end to its serendipitous run and the start of a rise in emerging markets? As the capital markets in the United States go, maybe the emerging markets are soon to follow.S&P 500 ETFs gained on the index's record-setting momentum--the SPDR S&P 500 ETF (SPY) rose 0.34%, the iShares Core S&P 500 ETF (IVV) gained 0.33% and the Vanguard S&P 500 ETF (VOO) was up 0.34%. While the gain in S&P 500 ETFs was to be expected, the ripple effects made their way into emerging markets ETFs.
Emerging markets are still drawing investor dollars in the wake of the recent sell-off over the crisis in Turkey, according to a UBS report. Turkey, a top pick among investors lately, drew $191 million in inflow last week, its highest weekly inflows in more than five years, according to EPFR data. "Based on our flows-based investor positioning model, Turkey replaced Colombia as the most crowded emerging market, while Brazil replaced India as the second least crowded market after Russia," said a UBS report.
The Edinburgh-based Global Emerging Markets team recently visited Mumbai as part of a trip through India, Sri Lanka and the Middle East. Mumbai is the second-most populous city in India behind New Delhi, according to the United Nations. It has become ...
The current crisis started when Turkish lira plunged and started to pressure other emerging market (EEM) currencies. While the outright sell-off in emerging market currencies has stopped, investors are still worried about the contagion spreading to these countries. The US (SPY)(IVV) interest rates are already moving higher with the Federal Reserve on the path of even more hikes in the quarters ahead.
As Turkey contagion was unable to infect the capital markets thanks to an immunity injection of renewed talks between the United States and China to settle their trade differences, the Dow Jones Industrial ...
Turkey’s financial crisis didn’t gobble the bull. As a result, emerging market and euro-zone bank stocks don’t seem as radioactive as they did last week. Exchange-traded funds owning these stocks suffered as investors pulled money out on fears of a Turkey contagion.
Emerging markets have been ravaged by the bears. Among the hardest hit, Turkey's TUR ETF TUR has tanked 50 percent this year, China's FXI ETF FXI has tumbled 12 percent and Indonesia's EIDO ETF EIDO has plummeted 21 percent. The EEM emerging markets EEM ETF tipped into a bear market on Wednesday after falling more than 20 percent from its 52-week high set in January.
Stock indexes pared losses Wednesday after the day's broad losses left the market looking to a key indicator for signs on its future direction.
It appears the United States and emerging markets are playing an interest rate game of "follow the leader," as central banks around the globe are feeling the ripple effects of the U.S. being in pole position with regard to monetary policy. From a case-in-point perspective, the iShares MSCI Emerging Markets ETF (EEM) has been going the opposite direction compared to interest rates in the U.S. Since March, EEM has relatively traded below its 50-day moving average. Raghuram Rajan, a former governor of the Reserve Bank of India, is all too familiar with the ripple effects rates are having on emerging markets.
At a time when the major indexes in the United States capital markets are nearing record levels, Turkey's economic crisis and its contagion returned with the Dow Jones Industrial Average dropping over 200 points. The turkey contagion continues to infect the markets, evoking a risk-off sentiment for investors domestically and internationally. With Turkey caught in the middle of an economic hurricane, Turkish bonds have rocketed past the 20% yield level.
BAML (Bank of America Merrill Lynch) conducted a survey that polled 243 global investors with $735 billion in total assets under management from August 3 to 9.
Emerging markets and banks are among the biggest casualties in the recent decline of the Turkish lira, but there will be some winners in the economic crisis as well.
The widely followed MSCI Emerging Markets Index tumbled again Monday amid ongoing turmoil in Turkey. The Turkish lira hit another record low against the dollar. In an effort to prop up the currency, the ...
Technically speaking, the bull trend for U.S. stocks has absorbed a respectable mid-August downturn — at least so far, writes Michael Ashbaugh.
Futures Bounce, Emerging Market Collapse Subsides Stock futures are up in the United States as the US dollar has declined slightly versus a basket of emerging market currencies that have finally found their footing overnight, for now. Emerging Market stocks (NYSEARCA:EEM) have stabilized as well, though the question is for how long. Is this a […] The post Market Morning: EM Rout Halts, Erdogan Threatens Apple, Bayer Gets Rounded Up appeared first on Market Exclusive.
Turkey's financial crisis doesn't look like it will end anytime soon, after President Recep Tayyip Erdogan doubled down on his opposition to higher rates today. Turkey makes up less than 1% of the emerging markets index, but its small size hasn’t kept it from creating big ripples during the dog days of summer. Most investors are steering clear of Turkey, as it grapples with the fallout from years of binging on dollar-denominated debt, but the bigger question is who else could get caught up in Turkey's crisis.
U.S. equities are extending to the downside on Monday, with the Dow Jones Industrial Average falling further away from its 20-day moving average to cap a three-day losing streak. Watch for a looming test of the 25,000 level, which has been repeatedly crossed — on the upside and the downside — numerous times since it was first breached back in January.
Turkey's economic crisis and the slide in the lira has stoked fears of an emerging markets contagion. EM shocks are nothing new, or unexpected, though some recent factors need to be on the radar of investors: the strength of the U.S. dollar, tariff policy and years of emerging markets dollar-based borrowing. Long-term investors should be prepared to ride out volatility in emerging markets.