68.86 -0.03 (-0.04%)
After hours: 6:49PM EDT
|Bid||68.74 x 28000|
|Ask||69.11 x 1000|
|Day's Range||67.91 - 69.72|
|52 Week Range||64.45 - 79.42|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.05|
|Expense Ratio (net)||0.14%|
U.S. stocks on Tuesday finished in negative territory, albeit off the worst levels of the session, as worries about global economic growth and downbeat earnings outlooks from blue-chip companies sank equities following a rout in China's stock market. The Dow Jones Industrial Average closed down 125.98 points, or 0.5%, at 25,191.43, but had been down by as many as 548 points at its low of the session. The S&P 500 index lost 0.6% at 2,740.69, led by losses in energy stocks and industrials. Meanwhile, the Nasdaq Composite Index ended the day down 0.4% at 7,437.54 but enjoyed a brief stint in positive territory in a frightful and volatile day for U.S. stocks. Notably in corporate news, shares of Caterpillar Inc. closed off 7.6%, leading Dow decliners, after the industrial giant reported profits and revenue ahead of analysts expectations but offered guidance that was below consensus. Another Dow component, 3M Co.'s stock finished off 4.4% after issuing downbeat 2018 guidance. 3M and Caterpillar combined to account for nearly half the Dow's loss at Tuesday's open at one point during the session. On big bright spot, shares of McDonald's Corp jumped 6.3% for its best day in about three years after its quarterly results on Tuesday. Markets headed lower out of the gate following the Shanghai Composite Index's 2.3% loss, giving back part of a two-day rally, and reigniting fears of a slowdown in the second-largest economy which rippled through markets. Still, some investors describe Tuesday's trade action as orderly and constructive despite the negative finish for stocks.
On October 22, US crude oil December futures rose just 0.1% and settled at $69.36 per barrel. The Energy Select Sector SPDR ETF (XLE) fell 1.1% on October 22. Meanwhile, the S&P 500 (SPY) and the Dow Jones Industrial Average (DIA) fell 0.4% and 0.5%, respectively. These equity indexes’ energy constituents are sensitive to oil prices.
Volatility’s on the rise this month, and three popular ETFs are trying to hang on. The Market Vectors Semiconductor ETF (NYSE: SMH ), S&P SPDR Financial ETF (NYSE: XLF ) and S&P SPDR Energy ETF (NYSE: ...
The energy sector’s midstream segment outperformed the broader energy sector in the week that ended on October 19. The Alerian MLP Index ended the week on a flat note, whereas the Energy Select Sector SPDR ETF (XLE) fell 2%.
This week, specific events could impact oil and natural gas prices. The EIA’s (U.S. Energy Information Administration) latest oil and natural gas inventory data are scheduled to be released on October 24–25, respectively. The data could be an important short-term driver for oil and natural gas prices.
This Week In The Economy It’s a relatively quiet week on the economic calendar but there are a few things to watch out for. On Wednesday, new home sales, home prices, and the 30-year mortgage rate. We’ve been seeing some early signs of an economic slowdown including a slowdown in housing sales. Ironically, the real […] The post Market Morning: Brexit Rebellion, GE Dividend Chopping Block, MbS Phones Khashoggi? appeared first on Market Exclusive.
The energy sector has been whipsawed by headlines lately, and many investors can’t decide whether to buy or sell oil stocks. When oil (CLX8) raced up to a new 52-week high of more than $76 to start October, many thought things looked great. Then as U.S. oil supplies rose and as OPEC production rose, things didn’t look so hot.
On October 11–18, US equity indexes had the following correlations with US crude oil December futures: the S&P Mid-Cap 400 (IVOO): 54.4% the Dow Jones Industrial Average (DIA): 53.6% the S&P 500 (SPY): 43.3%
On October 11–18, major energy ETFs had the following correlations with US crude oil December futures: the SPDR S&P Oil & Gas Exploration & Production ETF (XOP): 88.3% the Alerian MLP ETF (AMLP): 76.5% the VanEck Vectors Oil Services ETF (OIH): 74.4% the Energy Select Sector SPDR ETF (XLE): 42.9%
Yahoo Finance's Seana Smith and Jared Blikre on the biggest headlines moving the markets in afternoon trading.