|Bid||274.40 x 1200|
|Ask||274.41 x 1100|
|Day's Range||274.01 - 275.98|
|52 Week Range||239.96 - 286.63|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.09%|
The S&P 500 Index rose ~0.2% to 2,767.32 on June 20. The rise in the communication services and real estate sectors supported the S&P 500 on the same day. NASDAQ hit a record high on June 20. Eight of the 11 major sectors in the S&P 500 rose on June 20.
Based on the way we travel, eat, and get odd jobs done, most of us assume that the gig economy is booming. If you’re surprised because you thought the gig economy was on the rise, you aren’t alone. Lawrence Katz of Harvard and Alan Krueger of Princeton estimated in December 2016 that alternative work accounted for 15.8% of all workers, which would mean that it was responsible for almost all of US job creation since 2005. How Do We Define Gig Work?
Investors struggle with whether incorporating factor-based strategies is worth it, argue over which are the premier factors, debate whether factors can be timed or not, and fret about premiums being driven towards zero as acceptance of factor-based strategies increases. The dispersion of full period performance statistics is quite large.
The largest mutual fund holder, Vanguard Total Stock Market Index Fund ("VTSMX"), owns 153 million shares of AT&T which accounts for 2.49% of total shares held. This mutual fund was created in 1992 and designed to give broad exposure to the total US.
Eden Hazard and Dries Mertens of Belgium put pressure on Armando Cooper of Panama during the 2018 FIFA World Cup Russia group G match between Belgium and Panama at Fisht Stadium on June 18, 2018 in Sochi, Russia. With the World Cup in full swing there are some important lessons for investors from this global soccer tournament. In the last World Cup, few expected Costa Rica to achieve much.
While investors were quite upbeat heading into 2018 due to the windfall President Trump had handed them in terms of tax gains, he might have just taken away something in return. As we’ve discussed in the previous part of this series, the Trump administration has imposed fresh tariffs on $50 billion worth of Chinese imports. Earlier, it decided not to extend the deadline for tariff exemptions on steel and aluminum imports from the European Union, Canada, and Mexico.
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? The Dow closed at 941.83. Today, the Dow is trading at 24,644.21 and the S&P 500 is trading at 2,752.95. What Else Was Going On In The World?
The market has reacted very negatively to President Donald Trump’s aggressive approach to trade relations with China. Trump and his supporters argue, however, that the long-term benefits of a favorable trade policy could far outweigh the short-term market impacts of a trade war with China. Since Friday, Trump has imposed 25 percent tariffs on $50 billion of imported Chinese goods.
As the S&P 500 index and the Dow Jones Industrial Average (DJIA) both look at risk of losing a majority of their June gains at the open on Tuesday, one investor sees a correction as inevitable, even without trade war fears. Billionaire Jim Mellon, chairman of the Burnbrae group, told CNBC in an interview that investors should brace themselves for more selling action, rebalancing complacency that has plagued the market and working to deflate high-flying equities.
SurveyMonkey, the popular online survey system, has revealed that it confidentially filed for an IPO through its parent company, SVMK Inc. Founded in 1999 at the height of the dot-com boom, SurveyMonkey has managed to not only survive while many of its competitors and peers floundered, but also to thrive. A report by Business Insider reveals that the company was valued at $2 billion back in 2014, although there is no word yet on what the valuation will be when the company goes public. After nearly 20 years of flying largely under the radar, SurveyMonkey is now poised to grab the attention of many in the financial world.
As one of the most successful and eccentric investors in the world, Bill Gross feels guilty for amassing his $2 billion fortune at the expense of laborers and thinks the scrooges of the world should pay higher taxes. Known as the “Bond King,” Gross founded Pacific Investment Management Company (PIMCO), and its Total Return Fund became one of the largest mutual funds in the world under his management. In 2014, Gross controversially left PIMCO to manage a much smaller fund at rival Janus Capital Group, which is now Janus Henderson after a merger with Henderson Group in May 2017.
Secretary of State Mike Pompeo has far more on his plate than abandoned Iran deals and tentative truces with North Korea. “For us to achieve our foreign policy goals, we need strength here at home,” he said at a Monday meeting of the Detroit Economic Club. “Striving communities like here in Detroit are true force multipliers for us all across the globe.
Key U.S. index funds pared their losses Monday afternoon, though Intel’s big drop continued to weigh on the Dow and semiconductor ETFs.
Below is a list of notable corporate events for the week beginning June 18. Note, this list is not comprehensive and all dates are subject to change. All times are ET. Monday Conferences Blockchain Economic ...
On June 8–15, Whiting Petroleum (WLL) and California Resources (CRC) fell the most on our list of energy stocks. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) fell 3.9% last week—the second-highest decline among the major energy subsector ETFs that we looked at in Part 2 of this series.
On June 8–15, Southwestern Energy (SWN) was the top gainer on our list of energy stocks. During the same period, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) fell 3.9%—the second-highest decline among the major energy subsector ETFs we discussed in the previous part of this series.
IN THE NEWS Week after week in 2018, cryptocurrency investors have been hit by a stream of negative headlines about increasing regulation and cryptocurrency-related thefts, hacks and scams. But even in ...
Gold prices took a hit at the end of last week, and it has some observers concerned. Here's what you need to know: Gold bars manufactured in Kasimov. Gold prices mostly move down when the dollar gains strength. And it has been strong since January against the world's other leading currencies such as the Japanese yen, the euro, and the British pound. When the dollar gains value, then expect gold prices to fall. Since late January the value of the dollar index versus major currencies has risen by around 5%, according to data from the Federal Reserve Bank of St. Louis.
While they are different asset classes, price movements for the broader equity markets and bitcoin began tracking each other after the cryptocurrency exploded in popularity last year. Similarly, both bitcoin and cryptocurrencies reached lows during February and March amid a sell-off.
According to the latest survey from the American Association of Individual Investors (AAI), the bullish percent rose 5.8 points to 44.8%, the highest reading since the February 15 reading at 48.5%. From the January 2016 low to the January 2018 high, EEM gained 96%.
Traders can expect more volatility this week following President Trump's tariffs on Chinese goods and the strengthening of the U.S. dollar. President Trump announced a 25 percent tariff on $50 billion worth of Chinese goods that contain "industrially significant technologies" last Friday, which many experts believe could mark the beginning of a trade war between the U.S. and China. The White House indicated that it would impose tariffs on aerospace, robotics and machinery in response to the "unfair practices related to the acquisition of American intellectual property and technology." China has threatened to retaliate with its own tariffs on soybeans, meat, whiskey, airplanes and cars.
Theranos Inc., a consumer healthcare technology startup once valued at $10 billion and which claimed it would revolutionize the blood testing industry, got in serious trouble. Once a rising star in Silicon Valley, Theranos CEO Elizabeth Holmes, and former company president Ramesh Balwani were charged by the SEC for massive fraud. Theranos and Holmes have agreed to settle subject to a court approval.