269.55 +0.17 (0.06%)
After hours: 5:40PM EDT
|Bid||269.42 x 2900|
|Ask||269.66 x 800|
|Day's Range||267.87 - 270.15|
|52 Week Range||164.93 - 270.15|
|PE Ratio (TTM)||69.16|
|YTD Daily Total Return||24.63%|
|Beta (5Y Monthly)||1.02|
|Expense Ratio (net)||0.20%|
Stocks rose Monday as investors considered another set of corporate earnings reports and awaited a slew of data on the state of the labor market this week as parts of the country continue to grapple with a rise in coronavirus cases.
Top news and what to watch in the markets on Monday, August 3, 2020.
What are the largest technology ETFs? Technology companies are dominating the stock market, and of course, the world. With the rise of artificial intelligence, machine learning, and other futuristic technologies, tech companies are expected to play an even bigger role in our lives. If you are bullish on the tech sector, technology ETFs are one […]
Stocks ended higher on Friday, with the Nasdaq outperforming after a slew of better than expected corporate earnings results from major tech firms. Facebook and Apple posted record closing highs.
Facebook reported second-quarter results that handily topped estimates, growing its user base and advertising business further during the pandemic even as the social media giant came under increased scrutiny for its policies around policing harmful content on its platforms.
Stocks traded mixed Tuesday, paring earlier declines with stimulus talks in Washington, updates on the Covid-19 vaccine front and corporate earnings results front and center.
Investors this week are gearing up for a busy week of earnings, economic data reports and the Federal Reserve’s July monetary policy meeting.
On CNBC's "Options Action," Mike Khouw spoke about a possible downturn for the tech sector and he suggested a way to hedge your tech portfolio.He gave an example of an investor with a portfolio of $100,000, invested in stocks like Apple Inc. (NASDAQ: AAPL), Amazon.com, Inc. (NASDAQ: AMZN), Facebook, Inc. (NASDAQ: FB), Tesla (NASDAQ: TSLA) and Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG).To set up the hedge, Khouw wants to use PowerShares QQQ Trust, Series 1 (NASDAQ: QQQ). To figure out how many put options he needs to buy, he needs to divide $100,000 with the price of QQQ, which is at $255.56. The result is the number of shares you need to sell and in this case, it's around 400 shares. Since Khouw wants to use options, he needs to buy four puts. Specifically, he would buy four contracts of the September $240 puts for $6.50 each.The total cost for the hedge would be $2,600 or 2.6% of his portfolio. With the trade, Khouw will have a protection below $233.50.Image credit: bfishadow, FlickrSee more from Benzinga * Carter Worth's Picks For The Second Half Of 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Amazon's Jeff Bezos, Facebook's Mark Zuckerberg, Apple's Tim Cook, and Alphabet's Sundar Pichai are set to testify before Congress.
Stocks fell Friday as relations between the US and China were tested further, and after a handful of companies reported quarterly results that disappointed Wall Street. Each of the three major indices logged weekly losses by the end of the session.
The number of Americans filing for unemployment benefits unexpectedly rose last week for the first time in nearly four months, suggesting the labor market was stalling amid a resurgence in new COVID-19 cases and depressed demand. The weekly jobless claims report from the Labor Department on Thursday, the most timely data on the economy's health, also showed nearly 32 million people were collecting unemployment checks in early July. Relentless labor market weakness puts pressure on the U.S. Congress to extend a $600 weekly jobless benefit supplement, which expires on July 31.
Another 1.416 million Americans filed for first-time unemployment insurance benefits last week, signaling a weakening trend in the labor market as states across the US grapple with a resurgence in coronavirus cases. The result marked the first increase in new claims on a week over week basis since March.
Airbnb CEO Brian Chesky joins 'Influencers with Andy Serwer' to weigh-in on the possibility of the company hitting the public market this year.