SPY - SPDR S&P 500 ETF
| Previous Close | 292.26 |
| Open | 293.09 |
| Bid | 0.00 x 1400 |
| Ask | 0.00 x 1400 |
| Day's Range | 291.81 - 293.22 |
| 52 Week Range | 248.08 - 293.94 |
| Volume | 105,479,656 |
| Avg. Volume | 62,526,977 |
| Net Assets | 274.95B |
| NAV | 290.30 |
| PE Ratio (TTM) | N/A |
| Yield | 1.70% |
| YTD Return | 9.71% |
| Beta (3y) | 1.00 |
| Expense Ratio (net) | 0.09% |
| Inception Date | 1993-01-22 |
- Investopedia•22 hours ago
Economy Remains Strong, but Trade War Fears Loom
President Trump imposed $200 billion worth of tariffs on Chinese goods – although at a lower rate than expected – and China retaliated with tariffs on another $60 billion of U.S. goods. Investors will be watching to see if President Trump will respond with further tariffs on China. In recent comments, he suggested potential tariffs on an additional $267 billion in Chinese goods, which would cover the value of all goods that the U.S. buys from China.
- Investopedia•2 days ago
The Top Terms Searched on Investopedia Throughout the Financial Crisis
At Investopedia we are the fortunate beneficiaries of being a source of information on all things finance and investing. Now, on the 10 th anniversary of the financial crisis, we’ve crawled up into the attic of our data sets from the 2008-09 era to look at what our users were searching for just as the global financial system was melting down. We decided to look at 4 periods in the 2008-09 era to see how the evolution of investor education was taking place on our website. September 2008 -- The fall of Lehman Bros., Fannie and Freddie Mac were put into conservatorship and the Federal Reserve made a loan to AIG to save it and the banking system from systemic failure.
- Market Realist•2 days ago
Is Oil Pushing Wall Street Higher?
On September 13–20, US equity indexes had the following correlations with US crude oil November futures: the Dow Jones Industrial Average (DIA): 16.5% the S&P 500 (SPY): 0.1% the S&P Mid-Cap 400 (IVOO): -13.1%
Market Realist•2 days agoIs the Midstream Space Ignoring Oil’s Rise?
On September 13–20, major energy ETFs had the following correlations with US crude oil November futures: the SPDR S&P Oil & Gas Exploration & Production ETF (XOP): 95.2% the VanEck Vectors Oil Services ETF (OIH): 71.6% the Energy Select Sector SPDR ETF (XLE): 69.3% the Alerian MLP ETF (AMLP): -44.4%
- Market Realist•2 days ago
Oil Prices Pause before OPEC and Non-OPEC Members Meet
On September 20, US crude oil November futures fell 0.6% and settled at $70.32 per barrel ahead of OPEC and non-OPEC members’ meeting. On the same day, the Energy Select Sector SPDR ETF (XLE) was unchanged. The S&P 500 Index (SPY) and the Dow Jones Industrial Average Index (DIA) rose 0.8% and 1% on September 20. Mute energy stocks might have helped these indexes rise. In Part 3 of this series, we’ll analyze US crude oil’s relationship with these equity indexes.
- Investopedia•2 days ago
Key Market Risk Measure Highest in 28 Years
The CBOE SKEW Index was developed in the aftermath of the 1987 stock market crash, as a measure of investor unease with the market. It recently registered its highest levels of worry among investors since its inception in 1990, Business Insider reports.
Market Realist•2 days agoWhy Merck Stock Has Risen 28.2% Year-to-Date
Merck (MRK) stock has risen from $54.93 on January 2 to $70.42 on September 18—a 28.2% increase year-to-date. The performance of Merck stock has been closely related to the sales, clinical trial outcomes, and regulatory decisions for the company’s leading immuno-oncology drug, Keytruda. Approved in 13 indications and eight tumor types, Keytruda reported sales of $1.7 billion in the second quarter.
Market Realist•3 days agoUS Crude Oil above $70 Might Help Oil-Weighted Stocks
On September 19, US crude oil November futures rose 1.7% and closed at $70.77 per barrel—the highest closing level for active US crude oil futures since July 13. In the last trading session, the S&P 500 Index (SPY) and the Dow Jones Industrial Average Index (DIA) rose 0.1% and 0.6%, respectively.
- Investopedia•3 days ago
‘Great Bull Market’ Now Dead: BofA
In a recent note, Bank of America Merrill Lynch Chief Investment Strategist Michael Hartnett analyzed the state of the markets 10 years following financial crisis. Hartnett cited the unique deflationary nature of the bull market, wherein while stocks have risen to record highs, brokerage commissions have fallen to $30 billion from $80 billion since 2000, as outlined by Business Insider. Deflationary assets such as government bonds, US investment-grade bonds, the S&P 500, US consumer discretionary equities, growth stocks and US high-yield credit have outperformed the inflationary group including assets like commodities, Treasury inflation protected securities, developed-market stocks (excluding the US and Canada), US banks, value stocks and cash.
Yahoo Finance•3 days agoLarry Fink: The new trade deals will be good, but potentially at great cost
"In the short run, the United States is a big winner," said Fink.
Market Realist•3 days agoTrade War: China Is Done with Conventional War
Have President Trump’s Tactics Started to Yield Results? On September 17, President Trump imposed 10% tariffs on $200 billion worth of goods from China. The tariffs will increase to 25% by the end of 2018.
Market Realist•3 days agoCelanese Stock: How It’s Faring in 2018 Compared to Peers
Celanese (CE), a specialty chemical company, has outperformed its selected peers so far in 2018. YTD (year-to-date), Celanese has risen ~6%. Its peer Eastman Chemical (EMN) has risen 5% YTD. LyondellBasell (LYB) and Westlake Chemical (WLK) have fallen 7.4% and 21.2%, respectively, YTD. However, CE has underperformed the S&P 500 (SPY), which has gained 8.6% in the same period.
- Market Realist•3 days ago
FedEx Missed Q1 Earnings Estimates but Raised Fiscal 2019 Outlook
US-based global parcel delivery company FedEx (FDX) announced its fiscal 2019 first-quarter earnings after market hours on September 17. The company missed analysts’ adjusted EPS estimate by 9%. FedEx’s adjusted EPS in the quarter came in at $3.46 against analysts’ expectations of $3.81. Compared with adjusted EPS of $2.51 in the first quarter of 2018, the company’s EPS was up ~38% YoY (year-over-year) in Q1 2019.
Market Realist•3 days agoPresident Trump’s Latest Tariffs Didn’t Move the Needle Much
Have President Trump’s Tactics Started to Yield Results? President Trump announced 10% tariffs on another $200 billion of Chinese goods earlier this week. Meanwhile, China has ruled out currency devaluation amid its trade war with the US.
Market Realist•3 days agoTrade War Risk Worries Fund Managers: Should You Be Concerned?
While fund managers are bullish on US equities (SPY) (VTI), there’s still concern in the market. In the BAML (Bank of America Merrill Lynch) September 2018 survey, trade war concerns were cited as the top concern among global fund managers for five of the past seven months. About 43% of the fund managers surveyed cited a trade war as their top tail risk.
- Investopedia•3 days ago
Why a Bear Market Won't Happen Soon: Richard Bernstein Advisors
Other market gurus have been raising alarms this year, warning that wrenching stock market declines are on the horizon. Among the respected long-time market watchers who aren't buying into doom and gloom is Richard Bernstein. After 21 years as a top investment strategist with Merrill Lynch, he founded investment advisory firm Richard Bernstein Advisors in 2009, where he serves as CEO and chief investment officer (CIO).
Market Realist•4 days agoHow Boeing Stock Fared in September
So far in September, Boeing has managed to increase investor wealth by 4.2%. A big defense win has definitely aided its performance. Boeing’s defense peers have also performed relatively well.
Market Realist•4 days agoNatural Gas Bears Might Enjoy a Short Position from This High
On September 18, natural gas October futures rose 4.2% and settled at $2.933 per MMBtu (million British thermal units)—the highest closing level for active natural gas futures since August 23.
- Investopedia•4 days ago
JPMorgan Defies Bulls, Tells Investors To Cut U.S. Stocks
This is a dramatic step for the largest U.S. bank to take, given that U.S. stocks have more than quadrupled in value since their financial crisis lows in March 2009. U.S. stocks have continued to surge ahead in 2018, rebounding from a sharp correction earlier this year, and thus far have defied ominously bearish warnings from some notable market gurus.
- Market Realist•4 days ago
Investors Look to Cash as Global Growth Outlook Worsens
The BAML (Bank of America Merrill Lynch) September survey indicated that investors’ outlook for economic growth has worsened. In August, a net 7% of the managers surveyed expected global growth to slow down next year. In September, the percentage climbed steeply to 24%. That makes it the worst outlook on the global economy since December 2011.
Market Realist•4 days agoUS Steel Companies Upbeat on Outlook despite Trade War
In the previous part, we discussed Nucor’s (NUE) third-quarter earnings guidance. In this part, we’ll discuss Steel Dynamics’ third-quarter guidance. The guidance was released after the markets closed on September 17.
Market Realist•4 days agoDivergence Trade Strong: Fund Managers Full Throttle on Stocks
BAML (Bank of America Merrill Lynch) conducted a survey that polled 244 global investors with $742 billion in total assets under management from September 7–13. The divergence theme in equity markets was quite evident in the allocations in September. The equity allocations to emerging markets (EEM) fell to 10% underweight in September compared to 1% underweight in August.
Market Realist•4 days agoNetflix Shares Pop after Strong Emmy Night Performance
Shares of online streaming giant Netflix (NFLX) rose 5% on September 18. The stock is currently trading at $367.65, 108% above its 52-week low of $176.55 and 13% below its 52-week high of $423.21.
Market Realist•4 days agoHow Will the US Dollar and Gold React amid Escalating Tensions?
In Could Trade Tensions Support the US Dollar Again? we discussed how the dollar makes a comeback after trade tensions seem to escalate. Year-to-date, gold prices have fallen 8.6% while the US Dollar Index has risen 4.8%. As the news of the new round of trade tariffs hit the market, gold prices fell while the dollar rose.
Market Realist•4 days agoWhy Ray Dalio Thinks China Isn’t Concerned about Tariff Levels
Which Sectors Are Worried about Rising US–China Trade Tensions? Ray Dalio, the billionaire founder of world’s largest hedge fund, Bridgewater Associates, noted on September 10 that China (FXI) isn’t really concerned about the import tariffs imposed and proposed by the US (SPY)(IVV). During his interview on Squawk Box, he added that China is more focused on its ongoing relationship with the United States.
