^GSPC - S&P 500

SNP - SNP Real-time price. Currency in USD
3,145.91
+28.48 (+0.91%)
At close: 5:07PM EST
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Previous close3,117.43
Open3,134.62
Volume1,699,014,299
Day's range3,134.62 - 3,150.60
52-week range2,346.58 - 3,154.26
Avg. volume3,555,883,809
  • FOMC meeting, retail sales — What to know in the week ahead
    Yahoo Finance

    FOMC meeting, retail sales — What to know in the week ahead

    The Federal Open Market Committee’s (FOMC) last policy-setting meeting of this year and November’s retail sales data will take centerstage this week.

  • Asia Stocks Trade Cautiously; Treasuries Steady: Markets Wrap
    Bloomberg

    Asia Stocks Trade Cautiously; Treasuries Steady: Markets Wrap

    (Bloomberg) -- Asian stocks kicked off the week in a muted fashion ahead of key central bank meetings and a looming U.S.-China tariff deadline. Treasuries stabilized after declines Friday.Equity benchmarks were higher in Tokyo, Sydney and Seoul. Gains fizzled in Hong Kong and Shanghai as S&P 500 futures slipped. Investors are awaiting news on whether the U.S. will go ahead with a planned Dec. 15 tariff hike on Chinese imports. Weekend data showing a drop in Chinese exports underlined the stakes for growth. The S&P 500 logged gains Friday, when reports showed payrolls jumped the most since January, wages beat estimates and consumer sentiment increased. Treasury yields were steady after climbing above 1.80%.Stocks were whipsawed last week on conflicting signs on progress in trade negotiations between the world’s two-largest economies. White House economic adviser Larry Kudlow said Friday the two sides are haggling over the amount of U.S. farm products Beijing is willing to purchase. Meantime, China’s exports fell 1.1% in November, with those to the U.S. tumbling 23%, underscoring why the nation may want a trade deal.“There’s no upside risks on the horizon,” Katrina Ell, an economist at Moody’s Analytics, said on Bloomberg TV. “It is weighted to the downside and that big downside risk is coming from the trade war.”Also in focus for investors are central banks, with policy meetings at the Federal Reserve and the European Central Bank this week, which may offer clues on whether more monetary easing is in store in 2020.Elsewhere, oil trimmed a rally spurred by Saudi Arabia promising significant additional production cuts beyond what was agreed with fellow OPEC+ members.Highlights this week:The Federal Reserve decides on interest rates on Wednesday, followed by a press briefing by Chairman Jerome Powell.China reports on inflation Tuesday, and data on credit growth is due at some point in the coming weekEuropean Central Bank policy decision is on Thursday.U.K. holds a general election Thursday.These are some of the main moves in markets:StocksJapan’s Topix index rose 0.5% as of 1:39 p.m. in Tokyo.Australia’s S&P/ASX 200 Index rose 0.4%.Kospi index rose 0.4%.Hang Seng Index was little changed as was the Shanghai Composite Index.S&P 500 futures dipped 0.1%. The S&P 500 climbed 0.9% Friday.CurrenciesThe yen was steady at 108.58 per dollar.The offshore yuan was at 7.0322 per dollar, down 0.1%.The euro traded at $1.1056.BondsThe yield on 10-year Treasuries were steady at 1.84%.Australian 10-year bond yields climbed three basis points to 1.16%.CommoditiesWest Texas Intermediate crude dipped 0.5% to $58.92 a barrel.Gold was little changed at $1,460.40 an ounce.To contact the reporters on this story: Andreea Papuc in Sydney at apapuc1@bloomberg.net;Sybilla Gross in Sydney at sgross61@bloomberg.netTo contact the editor responsible for this story: Christopher Anstey at canstey@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Global Markets: Asian shares buoyed by Wall St rally, but China worry caps gains
    Reuters

    Global Markets: Asian shares buoyed by Wall St rally, but China worry caps gains

    Asian stocks edged up on Monday, catching some of Wall Street's momentum after surprisingly strong U.S. jobs data although regional gains were capped by concerns about China's economic slowdown due to the prolonged Sino-U.S. trade war. Japan's benchmark Nikkei added 0.4% while MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.3%, with Australian stocks and South Korea's KOSPI up 0.4% and 0.3%, respectively. China's Shanghai Composite stood flat and Hong Kong's Hang Seng rose 0.2%.

  • Asian shares buoyed by Wall St rally, but China worry caps gains
    Reuters

    Asian shares buoyed by Wall St rally, but China worry caps gains

    Asian stocks edged up on Monday, catching some of Wall Street's momentum after surprisingly strong U.S. jobs data although regional gains were capped by concerns about China's economic slowdown due to the prolonged Sino-U.S. trade war. Japan's benchmark Nikkei added 0.4% while MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.3%, with Australian stocks and South Korea's KOSPI up 0.4% and 0.3%, respectively. China's Shanghai Composite stood flat and Hong Kong's Hang Seng rose 0.2%.

  • The Best Way To Invest In The Energy Sector In 2020
    Oilprice.com

    The Best Way To Invest In The Energy Sector In 2020

    It has been a tough year for energy investors, with a record number of bankruptcies in the space and its key benchmark underperforming, but there are still plenty of ways for energy investors to profit in 2020

  • S&P 500 Melt-Up Is So Hot It’s Making Cheerleaders Into Skeptics
    Bloomberg

    S&P 500 Melt-Up Is So Hot It’s Making Cheerleaders Into Skeptics

    (Bloomberg) -- You know something strange is going on when the stock market’s most reliable optimists sound like cranks.Wall Street strategists have been thrust into just such a role at the end of 2019, as this year’s stunning recovery in the S&P 500 pushed it hundreds of points above where they thought it would be. So hot have stocks gotten that professional prognosticators are having a hard time mustering much optimism for next year.Which is unusual, for them. A reliable tradition on Wall Street is the propensity of stock strategists -- as a group -- to predict the same thing over and over. Since 2009, they’ve rarely wavered from a script in which they say the S&P 500 will rise about 10% in the coming year. Right now, they see half that.“We see the market already pricing in a strong rebound in macro and earnings growth, back up to the peaks of this cycle, much stronger than we expect,” said Binky Chadha, chief global strategist at Deutsche Bank. Chadha saw the S&P 500 rising to 3,250 this year -- the highest of anyone tracked by Bloomberg -- and expects it to stay there at the end of 2020.The index closed Friday at 3,146, up 25% year to date.Together, professional forecasters are giving the least optimistic annual outlook in more than a decade. Their average call is for the S&P 500 to end next year at 3,280, going by 17 estimates compiled by Bloomberg. As it stands now, that represents a 4.3% expected increase, the smallest for any year since 2004.A few things are influencing the muted tone. One, strategists failed to anticipate the magnitude of this year’s recovery, which as of Friday had driven the S&P 500 up 34% from its December 2018 low. The market’s latest leg up keeps narrowing the size of the advance they see in 2020. In addition, strategists remain concerned about the relatively anemic earnings growth upon which this year’s rally is based. Virtually all of this year’s gains are the result of fattening valuations, a trend they don’t see continuing.Big misses when stocks rally are a predictable outcome for strategists, who over the past two decades have forecast gains in U.S. stocks that average out to 9.5%. While that may seem lemming-like, it’s an acknowledgment of the market’s general tendency over time. The annualized gain in the S&P 500 is 9.4% since its inception.Strategists have also never called for a down year in the period Bloomberg has tracked them. Still, their 2020 forecast marks a notable step down. Betting on a repeat of 2019 would be a mistake, they warn, highlighting event risks such as next year’s U.S. presidential elections and a re-escalation of trade tensions.At least three strategists expect the S&P 500 to be lower a year from now. Mike Wilson at Morgan Stanley and Francois Trahan at UBS Group AG have both set a year-end target of 3,000, while Sophie Huynh at Societe Generale has 3,050.On the bull side is Jonathan Golub at Credit Suisse, whose 3,425 target is by far the highest among those tracked by Bloomberg. Citing an improving earnings outlook and relatively attractive valuations, Golub says it’s too early to bail even with the record-long bull market heading toward its 12th year.At 17.8 times forecast profits, the S&P 500 traded at a multiple that’s higher than any time since the dot-com era, except for a few months in late 2017 and early 2018, data compiled by Bloomberg show. Still, with the Federal Reserve in an easing mode and Treasury yields hovering near record lows, stocks can hardly be framed as excessively over-valued.“The S&P 500 valuations don’t necessarily start off as inexpensive as” markets like Europe, said Sean Darby, global equity strategist at Jefferies whose target is 3,300. “But the cyclicals offer a lot of earnings upside if the global economy begins to resynchronize.”Strategists have forecast annual gains of 5% or less three times before. In 2014 and 2017, they ended up under-shooting by at least 7 percentage points. In 2005, they were right on target.“It’s important to understand what the consensus is,” Dan Veru, chief investment officer at Palisade Capital Management, said by phone “Expectations are very low. I always want to take the other side of that.”To contact the reporter on this story: Lu Wang in New York at lwang8@bloomberg.netTo contact the editor responsible for this story: Jeremy Herron at jherron8@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Investing.com

    3 Things Under the Radar This Week

    Investing.com - Here are three things that flew under the radar this week.

  • Reuters - UK Focus

    GLOBAL MARKETS-Stocks rally, dollar gains on robust U.S. jobs data

    The dollar rose and global equity markets jumped on Friday after data showed U.S. job growth increased by the most in 10 months in November, putting to rest recession fears and briefly taking the spotlight off contentious U.S.-China trade talks. U.S. Treasury yields rose, while gold slipped more than 1%, reflecting a rebound in investor appetite for risk as U.S. unemployment dipped to 3.5%, the lowest in nearly half a century. Stocks on Wall Street neared record highs, with the benchmark S&P 500 closing within 0.24% of its peak set nine days ago.

  • Reuters - UK Focus

    US STOCKS-Wall Street climbs on solid jobs data, trade hopes

    Wall Street ended solidly higher on Friday as a strong jobs report and optimism about U.S.-China trade negotiations ahead of an upcoming deadline helped stoke investor risk appetite. The Dow and the Nasdaq ended the session down from last Friday's close. "This type of report shows underlying economic strength, and it gives corporate management confidence in the strength of the economy," said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.

  • Stocks Rally as Traders Cheer U.S. Economic Data: Markets Wrap
    Bloomberg

    Stocks Rally as Traders Cheer U.S. Economic Data: Markets Wrap

    (Bloomberg) -- Stocks rallied around the globe and Treasuries fell as better-than-expected data bolstered confidence in the world’s largest economy.The S&P 500 Index extended its advance into a third day after reports showed payrolls jumped 266,000 -- the most since January -- as wages beat estimates while consumer sentiment increased. Energy, financial and industrial shares led gains in the equity gauge, which posted its biggest rally in five weeks. The dollar rose, and Treasury 10-year yields traded above 1.8%. Oil surged.Investors pushed up the value of risk assets on the assumption that the American economy isn’t close to signaling a recession -- a fear that’s been lurking amid a trade war. While negotiators are near phase one of a broader accord and “progress has been made,” they haven’t yet put anything in writing, said White House economic adviser Larry Kudlow. Strong economic reports may reduce the urgency for a deal, given that escalating levies have failed to significantly dent growth. They also validate Federal Reserve Chairman Jerome Powell’s view that rates can stay on hold after three cuts.“For the equity market, it provides some encouragement that the U.S. is certainly not heading for a hard landing,” said James McCann, senior global economist at Aberdeen Standard Investments. “As we head into next year, the prospect for earnings still remains pretty healthy based on a still well-supported consumer backdrop.”Read: Wall Street Scraps Recession Assumptions After Robust Jobs DataStocks got whipsawed this week on conflicting signs of progress in trade negotiations between the world’s two largest economies. China said Friday it’s in the process of waiving retaliatory tariffs on imports of U.S. pork and soy by domestic companies -- a procedural step that may also signal a broader trade agreement is drawing closer. President Donald Trump has threatened to impose tariffs on Chinese imports if an accord isn’t reached by Dec. 15, which Kudlow said could still happen.Elsewhere, oil climbed as Saudi Arabia surprised the market by promising significant additional production cuts beyond what was agreed with fellow OPEC+ members. The euro fell after data showed Germany’s industrial slump unexpectedly deepened in October.Some corporate highlights:Apple Inc. jumped to a record high.Big Lots Inc. soared on its bullish view for next year.Ulta Beauty Inc. surged after delivering what analysts called “better-than-feared” results.Ciena Corp. tumbled after UBS recommended selling the stock ahead of next week’s earnings.These are some of the main moves in markets:StocksThe S&P 500 climbed 0.9% to 3,145.90 at 4 p.m. New York time.The Stoxx Europe 600 Index increased 1.2%.The MSCI Asia Pacific Index rose 0.5%.CurrenciesThe Bloomberg Dollar Spot Index added 0.1%.The euro dipped 0.4% to $1.106.The Japanese yen appreciated 0.2% to 108.57 per dollar.BondsThe yield on 10-year Treasuries rose three basis points to 1.84%.Germany’s 10-year yield climbed one basis point to -0.29%.Britain’s 10-year yield fell less than one basis point to 0.772%.CommoditiesThe Bloomberg Commodity Index climbed 0.2%.West Texas Intermediate crude climbed to $59.20 a barrel.Gold declined 1.2% to $1,465.10 an ounce.\--With assistance from Cormac Mullen, Eddie van der Walt, Sam Potter and Yakob Peterseil.To contact the reporters on this story: Rita Nazareth in New York at rnazareth@bloomberg.net;Vildana Hajric in New York at vhajric1@bloomberg.netTo contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Rita NazarethFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Stock Market 2020: Jefferies calls 2020 'the year of normalization’
    Yahoo Finance

    Stock Market 2020: Jefferies calls 2020 'the year of normalization’

    With the end of the year and the decade fast-approaching, Wall Street strategists have begun to deliver their expectations about where the stock market will close out 2020.

  • Congress may finally have a definition for insider trading
    Yahoo Finance

    Congress may finally have a definition for insider trading

    The House overwhelmingly passed a bill codifying the definition of insider trading.

  • USDA says strong jobs report supports cutting food stamps
    Yahoo Finance

    USDA says strong jobs report supports cutting food stamps

    As the November jobs report smashes expectations, USDA says now is the time to cut welfare and encourage people to go to work.

  • S&P 500 Weekly Price Forecast – Stock Markets Recover Drastically For The Week
    FX Empire

    S&P 500 Weekly Price Forecast – Stock Markets Recover Drastically For The Week

    The S&P; 500 broke down significantly during the week, reaching down towards the 3075 level before bouncing significantly to form a massive hammer. At this point in time, it’s likely that the market will continue to go much higher.

  • The US economy just gave Trump leverage
    Yahoo Finance

    The US economy just gave Trump leverage

    Trump's 'negotiating from a position of strength' in China talks, investment manager says.

  • Investing.com

    Stocks - Wall Street Soars as Traders Cheer Strong Jobs Report

    Investing.com – U.S. stocks shed trade and political worries Friday to surge to their highest levels since the end of November.

  • Investing.com

    Stocks Soar After Bullish Jobs Report

    Investing.com – Stocks on Wall Street surged Friday but were slightly off their highs after the Labor Department reported a larger-than-expected gain on nonfarm payrolls and a decline in the jobless rate.

  • Wall Street Week Ahead: Tariff deadline keeps focus on trade as 2019 draws to close
    Reuters

    Wall Street Week Ahead: Tariff deadline keeps focus on trade as 2019 draws to close

    The stock market looks set to end 2019 the way it began the year -- highly sensitive to headlines from President Donald Trump's global trade war. Stocks pulled back from record highs to start December, undermined by comments from Trump and others in his administration suggesting any deal to resolve the trade dispute between the United States and China would not come soon. Wall Street could see more volatility ahead of Dec. 15, when the next tranche of U.S. tariffs on Chinese imports is set to take effect.

  • Investing.com

    StockBeat: Ulta Beauty Turns Heads Amid Surge, But Wall St. Sees Trouble Ahead

    Investing.com – Ulta Beauty (NASDAQ:ULTA) was surging higher Friday after its third-quarter results were not as bad as feared. But some on Wall Street see potential headwinds on the horizon for the cosmetic retailer.

  • E-mini S&P 500 Index (ES) Futures Technical Analysis – Needs to Hold 3124.25 to Sustain Rally
    FX Empire

    E-mini S&P 500 Index (ES) Futures Technical Analysis – Needs to Hold 3124.25 to Sustain Rally

    Based on the early price action and the current price at 3138.00, the direction of the December E-mini S&P; 500 Index the rest of the session on Friday is likely to be determined by trader reaction to the Fibonacci level at 3124.25.

  • Wall Street Scraps Recession Assumptions After Robust Jobs Data
    Bloomberg

    Wall Street Scraps Recession Assumptions After Robust Jobs Data

    (Bloomberg) -- Between a strong economy and ammunition for more Federal Reserve rate cuts, investors showed they are happy to live with the former Friday, bidding up equities after the biggest addition to U.S. payrolls in 10 months. S&P 500 futures were pointing to gains that are likely to lift the cash index’s total return in 2019 above 27% after 266,000 jobs were added in November, October was revised upward and the unemployment rate fell to 3.5%.Here’s how investors and market watchers reacted:JJ Kinahan, chief market strategist at TD Ameritrade:“It was a really good report, it’s hard to find any fault in it. You look across and say ‘What was wrong with this picture?’ And there’s nothing’s wrong with this picture. It allows the Fed to do what they’ve been talking about which is sit back and observe. These rate cuts take a while to work their way through the system. People usually want instantaneous returns. Well, maybe all the things they’ve done all year have worked their way through the system or are working their way through the system in a better way. And now they can sit back, wait a little bit and see what happens.”Dennis DeBusschere, head of portfolio strategy at Evercore ISI:“Excellent jobs report. Some were worried post the ADP about downside risk, that proved to be an unfounded worry. Rates should move up on this report and cyclicals in general. Net net, it has been a positive week on the global data front. The global PMI composite moved higher and employment remains strong.”Subadra Rajappa, head of U.S. rates strategy at Societe Generale, on Bloomberg Television:“If you look at the trajectory of the pace of job creation, you can’t get too excited, too wrapped up in one number. You kind of have to look at the longer-term trend. The longer-term trend is for a gradual slowdown in the pace of job creation, that’s why you’re not seeing too much exuberance in the bond market. You’re seeing sort of a measured rise in yields across the curve as opposed to something that is more outsize. The markets going to take this in stride and put this in context with the trajectory of the pace of job creation we’ve seen.”Jeff Mills, chief investment officer at Bryn Mawr Trust:“This is evidence that we are in an economic background where an imminent recession could not be an investor’s base case. Companies are still adding jobs at a very healthy clip, wages are continuing to grow, the unemployment rate is low. I think the narrative is going to shift from the synchronized global slowdown to a global stabilization or even a small acceleration once data starts to come in in the first quarter of 2020. The economy is stronger than people are giving it credit for. Companies are still dealing with pretty solid demand from the consumer and to continue to meet that demand they need to hire more workers and you’re continuing to see that filter through the numbers.”Jon Hill, BMO Capital Markets strategist:“That the Fed’s not cutting in December was already certain; we’d also make the point that the FOMC isn’t hiking anytime soon until labor market strength bleeds over into sustained above target inflation. We’d argue that the market reaction is somewhat muted, likely due to the myriad of major risk events in the next ten days (FOMC, ECB, U.K. election, tariff deadline... etc). Look for some latent bearishness to linger in the background going into next week as these looming factors make it difficult to push any price action with high conviction, just yet.”Tony Bedikian, managing director and head of global markets at Citizens Bank:“This is a blowout number and the U.S. economy continues to be all about the jobs. The unemployment rate is at a 50-year low and wages are increasing. Business owners may be getting more cautious due to trade and political uncertainty and growth may be slow, but consumers keep spending and the punch bowl still seems full.”\--With assistance from Claire Ballentine and Lu Wang.To contact the reporters on this story: Vildana Hajric in New York at vhajric1@bloomberg.net;Sarah Ponczek in New York at sponczek2@bloomberg.netTo contact the editor responsible for this story: Jeremy Herron at jherron8@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • The U.S. economy just gave Trump leverage
    Yahoo Finance Video

    The U.S. economy just gave Trump leverage

    The blockbuster November jobs report will give President Trump leverage in negotiations with China, says Hercules Investments CEO James McDonald. He spoke with Yahoo Finance's Alexis Christoforous, Myles Udland, Jared Blikre and Gregory Daco, Oxford Economics Chief U.S. Economist.

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