|Bid||0.00 x 1000|
|Ask||292.68 x 3000|
|Day's Range||291.47 - 293.50|
|52 Week Range||233.76 - 294.95|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.00|
|Expense Ratio (net)||0.09%|
Right now, the FOMC meeting is underway. Fed Chair Jerome Powell and company are likely deliberating about whether the economy has overheated, whether the trade war could linger, whether the job market has peaked, and how to push inflation up, among a host of other matters.
As the FOMC meeting progresses, markets seem cautious. After rising 0.97% yesterday on easing trade tensions and a growing tribe of rate cut hopefuls, the S&P 500 is trading on the sidelines today. Here's what a cut today could mean for these stocks.
US equity markets rallied yesterday, and the S&P 500 (SPY) gained almost 1.0%. Markets have now largely recouped their May losses. Along with the dovish stance taken by European Central Bank President Mario Draghi, positive comments on US-China trade talks lifted markets yesterday.
In June, the US market started on a positive note. There was optimism that the Fed would deliver some good news in its meeting this week. After the retail sales report last week, the economy breathed a sigh of relief.
Yesterday, President Donald Trump officially launched his 2020 reelection campaign in Florida. We're now more than halfway into his presidency, so the question now is whether President Trump has delivered on his 2016 promises.
If the Fed doesn't signal significant easing ahead, the markets could nosedive. Many analysts agree that the markets might be overpricing the Fed's rate cuts this year.
This afternoon, Fed Chair Jerome Powell is expected to give public remarks on the state of the U.S. economy, even though expectations are low he will be announcing a 25 basis-point interest rate cut.
We saw a sharp rally in US markets yesterday. The S&P 500 (SPY) gained almost 1.0%. European Central Bank President Mario Draghi hinted at more stimulus amid the region’s sagging economic growth. While the move lifted markets, President Trump wasn’t very happy.
Yesterday, the Dow Jones Industrial Average (DIA) settled near the 26,465 level with about 1.4% gains for the day. The index rallied after President Donald Trump said that he would be meeting President Xi Jinping next week on the sidelines of the G-20 Summit in Japan.
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? In 1972, 11 athletes from Israel were murdered by an Arab gunman at the Munich Olympics. Five White House operatives were arrested for burglary in Washington as part of what would become known as the Watergate Scandal.
The CME Group launched micro e-mini contracts for the S&P 500, Russell 2000, Dow Jones 30 and Nasdaq100 indices at a much lower cost than the existing e-mini futures.
European Central Bank President Mario Draghi turned ultra-dovish in a speech in Portugal on Tuesday. Is this a motivation for Federal Reserve Chairman Jerome Powell and his cohorts to cut interest rates as they meet this week? President Trump on Tuesday blasted Draghi because stimulus in Europe means a lower euro versus the dollar, giving an edge to European companies in their exports to the U.S. On the other hand, the U.S. stock market is encouraged by Trump’s tweet of a “very good” phone call with President Xi of China and the news of an extended meeting with him at the G20.
Could there soon be a recession? "Bond king" Jeffrey Gundlach thinks so. He shared his views regarding the Fed, markets, recession, and strategies to hedge against the slowdown during a DoubleLine investor webcast on June 13.
Semiconductor stocks could fall further toward the end of June if the United States decides to impose tariffs on the additional $300 billion of Chinese imports and China retaliates with export restrictions on rare earth minerals. The semi stocks could also be impacted by a weak second-quarter earnings season that reflects the financial impact of the trade war.
As the world's largest economies get set to meet at the G20 summit, all eyes will be on the U.S and China as the two countries look to settle their trade disputes.
Economist Arthur Laffer is the latest to receive the prestigious Presidential Medal of Freedom from U.S. President Donald Trump. Laffer is best known for his ideas on maximizing tax revenue by adjusting tax rates, ad his ideas were influential in shaping U.S. tax policy in the 1980s. After getting his M.B.A in international economics from Stanford in 1972, Laffer joined the Office of Management and Budget as chief economist.
Fresh stimulus proposals for the ECB, which may begin as soon as next month, when the body reconvenes, are sending U.S. market futures up.
On June 26, OPEC and its allies will meet in Vienna to decide about another production cut extension. With just over a week left before the meeting, there's still confusion about the date.
May’s PMI numbers were not very encouraging. The manufacturing PMI released by IHS Markit came in at 50.5, the lowest since September 2009 when the economy was just trying to come out of the shadows of the global recession. While the reading still indicates expansion, the pace of expansion is the lowest in almost a decade.
The European Central Bank could see rate cuts as a toolkit for new stimulus . On Tuesday, the European stock market recovered from early falls as ECB President Mario Draghi promised more monetary stimulus ...