|Bid||114.88 x 900|
|Ask||114.91 x 1800|
|Day's Range||113.92 - 114.81|
|52 Week Range||111.90 - 128.59|
|PE Ratio (TTM)||205.56|
|Beta (3Y Monthly)||3.22|
|Expense Ratio (net)||0.15%|
Live from the floor of the New York Stock Exchange, Yahoo Finance's Jared Blikre joins Alexis Christoforous to discuss the latest market moves. Nasdaq 100 component returns as of 10/25/2018 11:15 am EDT: WDC -19.79% CERN -11.91% AMZN -9.04% CHTR -7.43% NVDA -5.92% MU -5.72% AVGO -5.55% NFLX -5.48% WYNN -5.06% ALGN -4.87% ADSK -4.50% ADBE -4.26% GOOG -4.25% GOOGL -4.15% FB -4.02% PYPL -3.75% ATVI -3.73% CSCO -3.32% $NDX.X -3.34% ASML -3.30% LRCX -3.14% EBAY -3.21% ISRG -3.23% COST -2.93% ADP -2.84% MSFT -2.74% SYMC(E) -2.79% CTXS -2.69% BIDU -2.47% AAPL -2.41% SBUX -2.37% BKNG(HB) -2.25% KHC -2.13% TTWO -2.21% TXN -2.04% PEP -1.98% CDNS -1.93% JBHT -2.00% SIRI -1.99% TMUS -1.76% ADI -1.73% AMAT -1.65% ROST -1.64% AMGN -1.69% CSX -1.54% QCOM -1.47% DLTR -1.40% ESRX -1.33% HAS -1.26% CMCSA -1.26%
Live from the floor of the New York Stock Exchange, Yahoo Finance's Jared Blikre joins Seana Smith to discuss the latest market moves. Stock performance as of 1:31 pm EDT: TVIX 15.46% UVXY 11.93% VXX 7.91% GEVO(HB) 4.78% SVMK(HB) 2.15% ACBFF(HB) 1.34% TLRY(HB) 0.67% GE 0.62% TEVA 0.73% XOM 0.63% KMI 0.47% MO 0.46% VZ 0.25% CVX 0.13% CVS -0.35% T -0.40% KO -0.50% WBA -0.51% AMZN -2.68% V -2.70% PBR -2.93% GILD -2.82% PYPL -3.05% ABBV -2.93% AMAT -3.07% FIT -3.21% GOOG -3.09% NKTR -3.02% IQ(HB) -3.35% GOOGL -3.33% DBX -3.44% CRM -3.46% FB -3.46% SRPT -3.65% AVGO -3.64% TRXC(HB) -3.72% CAT -3.88% NFLX -3.98% SNAP(HB) -3.97% SOGO(HB) -4.41% BABA -4.38% ADBE -4.41% BIDU(HB) -4.81% SQ -4.68% NIO(HB) -5.46% JCP(HB) -6.21% ROKU -6.25%
Federal Reserve officials remain convinced that continuing to gradually increase interest rates is the best formula to preserve a steady economy, according to minutes released Wednesday of the central bank’s most recent policy meeting.
Live from the floor of the New York Stock Exchange, Yahoo Finance's Jared Blikre joins Seana Smith to discuss the latest market moves.
During the third quarter, gold’s price (GLD) fell ~5%, dipping below the psychologically important level of $1,200 per ounce it touched in August.
Could Gold Be the Best Bet amid Increased Economic Uncertainty? The Fed’s interest rate hikes and outlook, trade war concerns, and the better US market (SPY) (QQQ) performance have been the key factors behind the dollar’s strength. The Federal Reserve has already raised the rates three times this year and is expected to raise them for the fourth time in December.
Gold prices (GLD) saw their first monthly gain in the last seven months in October when prices rose by 2.1%. Gold prices are down by 7.4% YTD, and they are down 10.6% from their April peak. While gold prices seemed to have lost their safe-haven status as they kept on falling even amid all the geopolitical, trade, and emerging market tensions, October has reinstated that appeal to some extent.
BAML (Bank of America Merrill Lynch) conducted a survey that polled 225 global investors with $641 billion in total assets under management between November 2 and November 8.
The U.S. Treasury market has been propped up by willing foreign buyers, but Asian demand has diminished, potentially pushing up yields and pressuring Treasuries and related exchange traded funds. While rising interest rates may be a primary driver to the 3.5% decline in the iShares 7-10 Year Treasury Bond ETF (IEF) and 9.7% drop in the iShares 20+ Year Treasury Bond ETF (TLT) year-to-date, the diminished demand from foreign investors may further weaken the Treasury bond outlook. As the Treasury Department preps to sell $1.3 trillion in new debt for the upcoming fiscal year, the government may find less willing buyers.
The US jobs report for October was released on November 2. The strong job additions came after lackluster September additions of 134,000, which were further revised downward to 118,000 in October. The unemployment rate remained steady at 3.7% in October.
The bulls had a boost at the open on news that President Trump was preparing a plan to resolve some of the issues with China on trade but this is obviously very early and very tentative so early excitement may not be warranted. There is interest in more individual stock picking but not when many stocks have already had huge bounces in the last couple days. One of the most worrisome signs of problems is that Apple is not bouncing very well.
The Department of Labor is scheduled to release October data on US (VTI) employment on November 2. For the past few months, financial markets have been reacting sharply to the US jobs report numbers. Plus, the markets have been especially jittery lately due to interest rate hike fears, and the job numbers can give clues about the Fed’s future monetary policy. Therefore, investors should understand the expectations for the report before the actual numbers come out. The October jobs report could be important data for the Fed to consider before its December policy meeting, where the committee is expected to raise rates (TLT) by another 25 basis points in addition to the three hikes it already made in 2018.
The TLT ETF is down 2.3 percent so far in October, but the Financial Select Sector SPDR Fund (NYSE: XLF) is also down 7.2 percent in that time. Dick said that at this point in the correction, traders can expect plenty of unpredictable near-term volatility. In this type of environment, Dick said he’s taking market-neutral positions.
In 2019, earnings are expected to grow 10% compared to the expected growth of 23% in 2018. While there was already a steep growth decline, investors are concerned about whether companies will be able to reach this level. The initial sell-off in the markets in October was triggered by fears of rising rates (TLT). Since then, investors have become more concerned. The biggest concerns are the trade war triggering China’s (FXI) slowdown and impacts from the tariffs.
Treasury bonds and related exchange traded funds have enjoyed a long rally as low interest rates abroad brought foreign buyers into relatively more attractive U.S. government debt. While rising interest rates may be a primary driver to the 3.6% decline in the iShares 7-10 Year Treasury Bond ETF (IEF) and 8.7% drop in the iShares 20+ Year Treasury Bond ETF (TLT) year-to-date, the diminished demand from foreign investors may further weaken the Treasury bond outlook. Overseas investors, traders and central bankers only increased their holdings of Treasuries by $78 billion in the first eight months of 2018, or over half of what they bought during the same period last year, the Wall Street Journal reports.
Yesterday, the Federal Reserve released the minutes from its September 25–26 meeting. Read When Will Fed Tightening Start to Hurt the US Economy? for a summary of the Fed’s actions at the meeting and the market’s reaction to them. The meeting minutes were slightly more hawkish than expected, and they signaled that most Fed officials believe that interest rates must continue to rise.
Gold, Miners Have Surged on the Market Rout—What’s the Upside? The Commodity Futures Trading Commission reports the positions of major players in the futures market in its COT (Commitment of Traders) report. It’s released every Friday and shows the open interest recorded on the previous Tuesday.
Does the Sell-Off Imply Market Repositioning for Lower Growth? One of the major market worries at the core of the current market sell-off is the coming earnings deceleration. The stock market rally in 2018 has been fueled in part by the tax reform windfall.
The US consumer price index (or CPI) for September was released today at 8:30 AM EST. The inflation numbers were weaker-than-expected, with the CPI rising just 0.1% sequentially compared to 0.2% expected by economists. In the 12 months through the end of September, the CPI rose 2.3%, which was lower than a 2.7% rise in August.
The Dow Jones Industrial Average Index (DIA) tumbled more than 800 points yesterday as Treasury yields (TLT) (AGG) continued their upward march. Rising bond yields and signs of firming inflation have spooked investors. Investors worry that because the era of near-zero rates has ended, companies’ margins might get squeezed.
The budget balance is the difference between what a country’s government garners from taxes and other sources and what it spends. A budget deficit occurs when spending exceeds earnings. In such a situation, the government borrows money from its citizens as well as foreign entities. As this debt accumulates, it’s possible that the value of its currency could decrease. The US (SPY) (VTI) budget deficit is creeping up.