Previous Close | 20.16 |
Open | 20.20 |
Bid | 17.50 |
Ask | 18.10 |
Strike | 390.00 |
Expire Date | 2023-01-20 |
Day's Range | 20.16 - 20.20 |
Contract Range | N/A |
Volume | |
Open Interest | 115 |
The S&P 500 index has been pushed into bear-market territory and now trades down roughly 21% year to date. U.S. gross domestic product (GDP) unexpectedly fell 1.6% in this year's first quarter, and recently released data modeling from the Atlanta Federal Reserve estimates that the country's GDP contracted 1% in the recently completed second quarter. If so, that means the economy will have notched two consecutive quarters in decline and likely have entered a recession.
According to Dow Jones Market Data, the S&P 500 fell 21% in the first half of 2022. Many individual stocks are down far more than 21% as the bear market has been particularly painful for growth stock investors. Watsco (NYSE: WSO), Lockheed Martin (NYSE: LMT), and Brookfield Renewable (NYSE: BEPC) (NYSE: BEP) are three dividend stocks that can outlast a prolonged bear market.
Mercury Systems is IBD Stock of the Day. MRCY stock is trading near an early buy point as defense play show strength in a weak market.