|Bid||24.020 x 1200|
|Ask||24.030 x 800|
|Day's Range||23.94 - 24.40|
|52 Week Range||23.89 - 30.33|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.00|
|Expense Ratio (net)||0.13%|
Banks get beaten down. What can fix the banks? With CNBC's Melissa Lee and the Fast Money traders, Steve Grasso, Karen Finerman, Dan Nathan and Guy Adami.
Yahoo Finance's Adam Shapiro, Julie Hyman, and Brendan Greeley, FT Alphaville editor, speak with Troy Gayeski, SkyBridge senior portfolio manager about todays jobs report.
The bond market is beginning to sound the alarm of a recession, with an inversion in U.S. Treasury yields occurring on Monday for the first time since 2007. The Final Round discusses.
Here are my predictions for the S&P 500, bank stocks, the Federal Reserve's move on interest rates and much more in the coming year.
Stocks losing steam as Trump says he would be "Proud" to shut down the government if he doesn't get a border wall. Plus - Cowen says Amazon stock could jump 40% - it’s our call of the day. And - where do you hide in this market? Veteran trader Lee Munson gives us the playbook. Plus - believe it or not - companies are leaving China because of its Tariffs. We have the latest.
No rest for a weary Wall Street. Stocks are getting crushed again. Plus, Apple is tumbles again as another bank gets bearish. It’s the call of the day. And, what does the jobs report mean for the Fed’s calculus and the markets? Plus, there’s more intrigue on the Huawei case that roiled markets this week. We have the latest. Catch The Final Round at 3:30 p.m. ET with Myles Udland and Seana Smith.
To help investors keep up with the markets, we present our ETF Scorecard. The Scorecard takes a step back and looks at how various asset classes across the globe are performing. The weekly performance is from last Friday’s open to this week’s Thursday close.
The S&P 500's main sectors were all trading sharply lower midday Thursday, highlighting the depth of a decline in equity markets. The 11 sectors of the S&P 500 were all down by as much as 1%, with financials and energy sectors down by at least 3.5%, leading the drop. The move comes as investors have been sensitive to signs of an economic slowdown that could upend a multiyear bullmarket and longstanding expansion in the U.S. Tumbling crude-oil prices also have been spotlighted as a sign of those worries, since oil prices tend to fall sharply when expectations for demand drop. The Dow Jones Industrial Average and the Nasdaq Composite Index also were trading sharply lower on the day. Both stock and bond markets were closed on Wednesday to mark a national day of mourning for George H.W. Bush, the U.S.'s 41st president, who died at 94.
Will the yield curve invert, with short-term interest rates pushing their way above long-term interest rates … a relatively rare scenario that’s all too often associated with a troubled economy? A true inverted yield curve has not happened yet, but as of right now we’re as close to an inverted yield curve as we’ve been in a decade. Translation: It sure couldn’t hurt to go ahead and make plans for an inverted yield curve, just in case that’s how things take shape.
Apple (AAPL) got a downgrade, and Cirrus Logic (one of Apple’s suppliers)(CRUS) pre-announced a miss for the December quarter. But most eyes were focused on the two-pronged trade war and rate move. Suddenly, the Dow (DIA) was down 800 points, and the Nasdaq (QQQ) dropped as much as 3%. The 10-yr treasury yield dropped as low as 2.88% today, down from a high of 3.24% a month ago. And the prevailing wisdom is that when 10-yr yield drops like that, it is foreshadowing lower economic growth ahead. Add that to the Fed still seemingly about to raise short term rates on Dec. 19th to 2.25%-2.5%, and we are very close to an inverted yield curve, which supposedly predicts recessions.
A popular way to bet on financial stocks Tuesday afternoon was on track for its worst session in months as Treasury yields retreated and portions of government bond yields saw a yield-curve inversion--a bearish feature for financial stocks. The Financial Select Sector SPDR ETF was down 3.5% and on track for its steepest percentage loss since March 22, while the financial sector of the S&P 500 index also was trading 4.1% lower, which would be its worst day in Feb. 8, according to FactSet data. The slide comes as the benchmark 10-year Treasury note has fallen toward three-month lows at 2.92%, which has compressed the gap between the long-dated debt and 2-year government paper . That spread stands around 10 basis points, which is the tightest level since 2007. A flattening yield curve is bearish to banks' business models. On top of that, yield-curve inversion, where short-date rates rise above their longer-dated counterparts, has been an accurate predictor of recessions. Another spread between the 3-year note and the 5-year note had already inverted Monday. That backdrop has weighed on the broader market, with the Dow Jones Industrial Average sinking by as many as 625 points at Tuesday's lows.
LendingTree Inc. reported Tuesday a 2019 revenue outlook that was below expectations, after a "record" 2018, ahead of the online lending marketplace's analyst day. The company expects 2019 revenue of $990 million to $1.03 billion, compared with the FactSet consensus of $1.05 billion. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) is projected to be $195 million to $2.05 million, below the FactSet consensus of $211 million. The stock, which was still inactive in premarket trade, has shed 22% year to date, while the SPDR Financial Select Sector ETF has slipped 2.8% and the S&P 500 has gained 4.4%.