55.02 0.00 (0.00%)
After hours: 4:23PM EDT
|Bid||0.00 x 1400|
|Ask||0.00 x 38500|
|Day's Range||54.44 - 55.08|
|52 Week Range||48.76 - 58.95|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.14%|
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 Thursday’s open to this week’s Wednesday close.
Companies that sell basic goods and broad consumer staples sector ETFs are pushing higher as investors hedge their equity bets with a more defensive play. The Consumer Staples Select SPDR (XLP) , the largest ETF tracking the sector, increased 10.0% over the past three months while the S&P 500 gained 4.5%. ETF investors have also jumped on this more defensive equity sector play, funneling close to $1.2 billion into XLP in the last three months.
The Dow Jones Industrial Average enjoyed its best day in about four months as a rally in shares of retailing giant Walmart Inc. (WMT) and an apparent easing of China-U.S. trade tensions helped to support a broad rally on Wall Street. The Dow (DJIA) gained about 400 points, or 1.6%, at 25,559, registering its best one-session rise since April 10, the S&P 500 index (SPX) rose about 22 points, or 0.8%, at 2,840.
Thanks in large part to strength in the U.S. dollar, consumer staples is a laggard group this year. The Consumer Staples Select Sector SPDR (NYSEARCA:XLP), the largest consumer defensive exchange-traded fund (ETF), highlights that disappointment.
Kimberly-Clark Corp. (kmb) said it was raising prices across most of its North America consumer products businesses, in an effort to offset "significant" commodity cost inflation. The company said the price increases will generally be in the mid-to-high single digits percentage range on average. The increases will mostly impact Cottonelle and Scott 1000 bathroom tissues, Kleenex tissue, Viva paper towels, Huggies diapers, Pull-Ups training pants and GoodNites pants.
Technically speaking, the bull trend for U.S. stocks has absorbed a respectable mid-August downturn — at least so far, writes Michael Ashbaugh.
soared Friday as investors' worries over bond yields tapered. Consumer staples generally trade inversely to the yield on the benchmark 10-year Treasury as opportunity costs for cash ebb and flow. The SPDR Consumer Staples Fund was up 1.17% to close at $54.29 on August 3.
After a rocky start to the year, Coca-Cola (NYSE:KO) shares are on the mend. Since bottoming in early May, the beverage behemoth is up 12.5% in an impressive bout of relative strength. Part of the gains came in response to the late July earnings release, which beat expectations.
Altria Group (MO) posted its second-quarter earnings results before the market opened on July 26. The company posted adjusted EPS of $1.01 on revenue of $4.88 billion net of excise tax.
After trading nearly a month in a tight band in the 2.80% range, the benchmark 10-year Treasury yield broke out Monday, jumping 10.8 basis points, to 2.955% in early afternoon trading. (A basis point is ...
Philip Morris International (PM) reported its second-quarter earnings before the market opened on July 19. The company posted adjusted EPS of $1.41 on revenues of $7.73 billion. Compared to the second quarter of 2017, the company’s revenues grew 11.7%, while its EPS increased 23.7%.
MARKET PULSE Shares of Clorox Co. (clx) tumbled 4.3% in morning trade Wednesday, after Goldman Sachs turned bearish on the consumer goods company, citing "stretched" valuation and earnings risk, given pricing headwinds.
The consumer-staples sector keeps defying expectations, and not in a good way. The Consumer Staples Select Sector SPDR ETF (XLP) has fallen nearly 8% since the start of the year, despite repeated predictions that ...
As we’ve discussed, Morgan Stanley (MS) has downgraded the technology sector (XLK). The investment company has become more optimistic about defensive sectors, which are less affected by economic fluctuation, due to investors’ growing defensive position.
As reported by CNBC, Morgan Stanley (MS) recently shared its views on market movement, the US economy, and various sectors in a research note. The company wrote that the market is focusing on defensive sectors, which Morgan Stanley expects to play a big role in market movement. Defensive sectors such as the healthcare, utilities, and consumer staples sectors are less affected by economic fluctuation and generally perform well when economic activity slows, whereas cyclical sectors such as the consumer discretionary, technology, and industrial sectors take the backseat.
U.S. stocks finished Thursday's trade solidly higher--a day after the Fourth of July break--as investors appeared to dismiss worries about an impending deadline on trade between the U.S. and China, and the release of minutes from the Federal Reserve that acknowledged the potential for tariff disputes to harm domestic economic expansion. An account of the June meeting from the policy-setting Federal Open Market Committee's two-day convention ended June 13 pointed to unease over trade clashes that could hold back economic growth but not sufficiently to prevent the Fed from hiking benchmark interest rates. Meanwhile, the U.S. is scheduled to impose tariffs on $34 billion of Chinese imports Friday, and China is expected to counter with corresponding tariffs on U.S. imports in less than 24 hours, marking a mounting tit-for-tat conflict between the world's largest economies that has threatened to rattle global markets.
CNBC's Dominic Chu breaks down which stocks are leading the consumer staples sector, which has been on a "roller-coaster ride" over the last couple of years.
President Trump has nominated Brett Kavanaugh to fill Justice Anthony Kennedy’s seat on the Supreme Court. Yahoo Finance’s Seana Smith, Rick Newman and Dion Rabouin discuss.
Yahoo Finance’s Seana Smith and Jared Blikre with the latest market analysis and biggest headlines moving stocks in midday trading Monday.