|Bid||293.04 x 900|
|Ask||293.05 x 1300|
|Day's Range||292.79 - 293.61|
|52 Week Range||242.35 - 293.61|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||2.86%|
|Beta (5Y Monthly)||0.96|
|Expense Ratio (net)||0.17%|
U.S. markets are continuing their run higher over the past few days, with the S&P 500 holding above the 3,300 level, as job openings sunk to their lowest level since roughly 2018, as hiring took off in November, ahead of the holiday season, and the employment market contracted as well, the Labor Department reported Friday. Over the month, hires and separations were little changed at 5.8 million and 5.6 million, respectively. Within separations, the quits rate was unchanged at 2.3 percent and the layoffs and discharges rate was little changed at 1.1 percent.
This represents the best single-month Housing Starts number since way back in March 2006, and underscores a big boost in demand for existing homes.
U.S. markets and stock ETFs rallied Thursday as strong corporate earnings and an improving global trade outlook helped fuel the risk-on sentiment. On Thursday, the Invesco QQQ Trust (QQQ) was up 0.5%, SPDR Dow Jones Industrial Average ETF (DIA) rose 0.7% and SPDR S&P 500 ETF (SPY) gained 0.6%. Adding to the market momentum, better-than-expected profits and revenue from Morgan Stanley (MS) helped maintain the optimism over fourth quarter earnings.
With most blue-chip companies' earnings scheduled over the coming weeks and sentiments being mixed, investors should closely monitor the movement of the Dow ETF.
U.S. markets and stock exchange traded funds slightly pared back gains mid-Wednesday after the United States and China signed the long-awaited Phase 1 trade deal that would roll back some of the tariffs at the height of the trade war. On Wednesday, the Invesco QQQ Trust (QQQ) was flat, SPDR Dow Jones Industrial Average ETF (DIA) was up 0.4% and SPDR S&P 500 ETF (SPY) dropped 0.1%.
Extending its last year's rally, Dow Jones touched 29,000 for the second time in three days, suggesting strong complacency in the market.
U.S. markets and stock ETFs slipped Tuesday on a report that the United States could likely hold onto tariffs on Chinese imports until after the presidential election later this year. On Tuesday, the Invesco QQQ Trust (QQQ) was down 0.39%, SPDR Dow Jones Industrial Average ETF (DIA) was flat and SPDR S&P 500 ETF (SPY) dropped 0.15%. While the Phase 1 trade deal will be signed on Wednesday, the eventual total removal of tariffs would largely depend on Beijing's compliance to this initial trade deal, Reuters reports.
The label was unceremoniously placed on China by the U.S. Treasury Department last August amid escalating trade tensions between the two countries. This bit of market-positive news on the U.S.-China trade front comes just as volatility stemming from political and military conflict between the U.S. and Iran within the past week has cooled. Although geopolitical and trade risks certainly remain, the significant easing of tensions for the time being has propelled substantial market moves.
U.S. markets and stock exchange traded funds advanced Monday as traders looked past the fading geopolitical risks to the upcoming initial trade deal between the United States and China, along with what could be a promising fourth-quarter earnings season. On Monday, the Invesco QQQ Trust (QQQ) was up 0.9%, SPDR Dow Jones Industrial Average ETF (DIA) was 0.2% higher and SPDR S&P 500 ETF (SPY) rose 0.5%. The U.S. and China have agreed to sign a phase-one trade deal Wednesday in an attempt to end a trade war that has rocked global markets, and the two countries are willing to engage in semiannual talks to further resolve disputes, the Wall Street Journal reports.
U.S markets and stock ETFs wobbled between gains and losses, Friday, on an underwhelming jobs report and easing Middle East tensions. On Friday, the Invesco QQQ Trust (QQQ) was up 0.1%, SPDR Dow Jones Industrial Average ETF (DIA) was 0.2% lower and SPDR S&P 500 ETF (SPY) rose 0.1%, with the Dow Jones Industrial Average reaching toward the 29,000 level for the first time and its quickest new 1000-point milestone since January 2018. The employment numbers were also not enough to affect the outlook that the Federal Reserve would hold interest rates where they are now for the year ahead.
The U.S. and China are scheduled to ink a “phase one” trade deal next week, but a “phase two” deal could be much more challenging, according to Allianz Chief Economic Adviser Mohamed El-Erian.
Another day, another new high in the stock market. While geopolitical tensions are cooling, investors keep on buying. The SPDR S&P 500 ETF (NYSEARCA:SPY), the SPDR Dow Jones Industrial Average (NYSEARCA:DIA) and the PowerShares QQQ ETF (NASDAQ:QQQ) all hit new all-time highs in the stock market today.Of course, it helps that Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) all hit new highs on Thursday too. Remember, collectively these three stocks represent almost $3.6 trillion worth of equity.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWe're getting close to earnings season beginning -- with banks like Wells Fargo (NYSE:WFC) and JPMorgan (NYSE:JPM) leading off on Tuesday -- and if the market keeps on rallying, expectations are going to be set very high going these reports.Until then, there's plenty of other drama to focus on. Movers in the Stock Market TodayOn Wednesday, the word was that a Boeing (NYSE:BA) 737-800 crashed in Iran due to mechanical failure. Boeing stock didn't suffer much on the news, surprisingly, but it got a jumpstart on Thursday, climbing 1.5% on the day. * 7 Stocks That Are Screaming Buys Right Now That came on reports that Iran's military most likely shot the plane down on accident. The country was retaliating against the U.S. -- targeting military equipment, not personnel, apparently -- and when it launched its attack, it took out the plane too.This is according to U.S. intelligence reports on Thursday morning. While Iran pushed back, with the head of civil aviation saying it was "impossible" for that to be the case, Canadian and British intelligence drew the same conclusion as the U.S.As of now, no one is saying that is definitively the case, but several of the world's intelligence communities seem to believe that this is what happened. The question now is, what comes of it, if anything?Bed Bath & Beyond (NASDAQ:BBBY) was hammered on the day, down 19.2%. The move comes after significantly worse-than-expected quarterly results. A Q3 loss of 38 cents per share was 40 cents below estimates calling for a profit of 2 cents per share. Revenue of $2.76 billion sank almost 9% year-over-year and missed expectations by $90 million.Finally, comp-store sales declined 8.3% vs. expectations for a drop of just 4.7%. Fourth-quarter sales and profitability will remain pressured, according to management, who also pulled their full-year guidance. Ouch.Joining in on the retail pain is Kohl's (NYSE:KSS). Just a day after Macy's (NYSE:M) said sales from the holidays were better than expected, Kohl's disappointed. Shares were pummeled 6.5% after management said its November/December sales fell 0.2% year-over-year. Management now expects its full-year earnings on the low end of its prior outlook for $4.75 to $4.95 per share. Remember, that outlook was recently cut too. Heard on the StreetReady for the pick of the decade? Bank of America's pick is Citigroup (NYSE:C).The stock's longtime valuation discount will come to an end as the bank realizes better return on equity and after management changes, the analysts say. They assigned a 2020 price target of $92 and argue that even then the bank is still being valued conservatively.Apple stock has been on fire, and a pullback at some point would come as little surprise. But that's not stopping the analysts from piling on. Even though it just cleared $300, Apple has garnered its second $350 price target. This one comes from Jefferies, who is bulled up on stronger-than-expected iPhone 11 sales acting as a "bridge" to the 5G iPhone.It might be time to ring the register on Tesla (NASDAQ:TSLA) and that's coming from a bull. From the pre-earnings close on Oct. 23 to Thursday high at $498.80, Tesla stock is up 96%. Baird analyst Ben Kallo -- a longtime bull -- cut the stock from outperform to neutral and suggests taking profits.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AAPL and GOOGL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 of the Strangest Stocks Worth Your Time * 7 Stocks to Buy That Trump's Tax Cut Truly Rewarded * 5 Stocks That Could Double in 2020 The post Stock Market Today: More Boeing Drama; Pick of the Decade appeared first on InvestorPlace.
U.S. markets and stock ETFs continued to rally on Thursday as Middle East tensions waned and investors looked to the upcoming United States-China trade deal. On Thursday, the Invesco QQQ Trust (NASDAQ: ...
Even as geopolitical concerns and President Donald Trump’s impeachment inquiry dominate the public consciousness, market participants will wear their blinders, according to Mohamed El-Erian.