^GSPC - S&P 500

SNP - SNP Real-time price. Currency in USD
3,295.47
-30.07 (-0.90%)
At close: 5:00PM EST
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Previous close3,325.54
Open3,333.10
Volume2,106,787,710
Day's range3,281.53 - 3,333.18
52-week range2,624.06 - 3,337.77
Avg. volume3,559,269,016
  • Earnings extravaganza, FOMC meeting, GDP: What to know in the week ahead
    Yahoo Finance

    Earnings extravaganza, FOMC meeting, GDP: What to know in the week ahead

    Several events with market-moving potential will test markets this week.

  • Virus Fears Drive Sell-Off in Stocks, Oil, Yuan: Markets Wrap
    Bloomberg

    Virus Fears Drive Sell-Off in Stocks, Oil, Yuan: Markets Wrap

    (Bloomberg) -- Deepening fears about the economic and human impact of the deadly coronavirus sent stocks, crude oil and China’s yuan tumbling Monday, and spurred haven assets.European futures retreated over 1%, with slightly more modest losses on S&P 500 contracts after that index sank the most since October on Friday. Futures on Chinese shares fell more than 5% and the yuan erased this month’s trade-deal driven gains in wake of news that the virus continues to spread, with no peak in sight. Ten-year Treasury yields and West Texas crude both hit their lowest levels since October. The yen climbed and Japanese stocks slumped.“Any economic shock to China’s colossal industrial and consumption engines will spread rapidly to other countries through the increased trade and financial linkages associated with globalization,” Stephen Innes, chief Asia market strategist at Axitrader, wrote in a note Monday. “I’m starting to think cash is the right place to be for the next few weeks.”China announced an extension of its Lunar New Year holiday through Feb. 2 to help battle the spread of the disease. The death toll from the virus has risen to at least 80, and confirmed cases in the U.S. rose to five on Sunday.Beijing also suspended the sales of package tours, hitting firms around the world that rely on Chinese travelers’ spending. Air transport providers were the worst performers in Japan’s session, while Thailand’s stocks slid the most since 2016. The moves came on a day with limited trading options in Asia, as holidays closed markets from China and Hong Kong to South Korea and Australia.Elsewhere, Italian 10-year bond yields fell the most since August after a regional election bolstered prospects for stability in Italy’s current coalition government. The virus news is coinciding with an earnings season in full swing. Apple, Facebook and Samsung are among those due to report this week. Investors will also have a Federal Reserve policy meeting and Mark Carney’s last monetary policy decision as the Bank of England‘s governor to monitor.Here are some events to watch out for this week:Tech giants Apple, Facebook, SAP, Samsung and South Korean chip maker SK Hynix announce earnings, as do industrial and energy behemoths International Paper, Boeing, Caterpillar, Lockheed Martin, GE, Unilever, United Technologies, Exxon Mobil, Shell and Chevron.The Senate impeachment trial of President Donald Trump continues in Washington Monday.Fed policy makers are expected to open 2020 the same way they closed 2019: by holding interest rates steady Wednesday.The BOE meeting is highly anticipated Thursday after a series of dovish comments raised speculation it could lower interest rates.The U.S. reports fourth-quarter economic growth Thursday.The U.K. is scheduled to leave the European Union Friday.These are the main moves in markets:StocksS&P 500 futures fell 1% as of 7:16 a.m. in London. The S&P 500 Index fell 0.9% Friday.Euro Stoxx 50 futures dropped 1.4%.Japan’s Topix sank 1.6%.FTSE China A50 futures slid 5.7%.CurrenciesThe offshore yuan fell 0.5% to 6.9671 per dollar.The Japanese yen rose 0.2% to 109.05 per dollar.The euro was little changed at $1.1035.BondsThe yield on 10-year Treasuries fell about four basis points to 1.65%, on top of a five basis-point drop Friday.Japan’s 10-year yields fell about two basis points, to about -0.042%.CommoditiesWest Texas Intermediate crude declined 2.2% to $53.01 a barrel.Gold rose 0.5% to $1,579.31 an ounce.To contact the reporter on this story: Cormac Mullen in Tokyo at cmullen9@bloomberg.netTo contact the editors responsible for this story: Christopher Anstey at canstey@bloomberg.net, Ravil ShirodkarFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Global Markets: Stocks, oil prices skid as China virus fears drive investors to safe havens
    Reuters

    Global Markets: Stocks, oil prices skid as China virus fears drive investors to safe havens

    Shares tumbled on Monday as investors grew increasingly anxious about the economic impact of China's spreading virus outbreak, with demand spiking for safe-haven assets such as the Japanese yen and Treasury notes. Japan's Nikkei average slid 2.0%, the biggest one-day fall in five months, while a Tokyo-listed China proxy, ChinaAMC CSI 300 index ETF , slid 2.2%. "With most Asian markets closed, fast-money investors are buying risk-off hedges like Treasuries and selling the Nikkei," said Masahiko Loo, portfolio manager at Alliance Bernstein.

  • Stocks, oil prices skid as China virus fears drive investors to safe havens
    Reuters

    Stocks, oil prices skid as China virus fears drive investors to safe havens

    Shares tumbled on Monday as investors grew increasingly anxious about the economic impact of China's spreading virus outbreak, with demand spiking for safe-haven assets such as the Japanese yen and Treasury notes. Japan's Nikkei average slid 2.0%, the biggest one-day fall in five months, while a Tokyo-listed China proxy, ChinaAMC CSI 300 index ETF , slid 2.2%. "With most Asian markets closed, fast-money investors are buying risk-off hedges like Treasuries and selling the Nikkei," said Masahiko Loo, portfolio manager at Alliance Bernstein.

  • After Months of Calm, Volatility Finally Resurfaces in Stocks
    Bloomberg

    After Months of Calm, Volatility Finally Resurfaces in Stocks

    (Bloomberg) -- On a day rife with reasons for optimism, stock investors absorbed their sharpest blow since October as creeping nervousness around a virus outbreak finally provoked some serious selling.The S&P 500 fell almost 1 percent, its biggest drop in nearly four months. The equity market’s “fear gauge,” the Cboe Volatility Index, climbed for a fourth straight session to the highest since Dec. 30.Drowned out by reports on the coronavirus spreading were surprisingly strong earnings from Intel Corp., the semiconductor bellwether whose sales forecast allayed some of the anxiety around 2020 profits for technology companies. A reading on the U.S. services sector came in better than expected, extending a streak of positive economic data that has also spanned retail sales and housing starts over the past couple of weeks.To be sure, Friday’s slump barely registers on stock charts going back more than a month. The S&P 500 remains up almost 14% since its last decline of this size in October, a gain that has pushed valuations to some of the highest levels of the bull market.“The market suddenly realized that we’ve had a great run but there are a lot of risks that it has to account for,” Michael O’Rourke, JonesTrading’s chief market strategist, said by phone. “What we’re seeing is a reaction to news about a respiratory virus in China, but we also have a lot of uncertainties at home, and the market is priced for perfection. People want to lock in their gains and wait it out.”An outbreak of a pneumonia-like illness started in the city of Wuhan in China and has spread to several countries in Asia and Europe, killing at least 26 people. In the U.S., health authorities are monitoring more than 60 people for potential infection. Three people in New York are being investigated for possible infection with the disease, according to Governor Andrew Cuomo’s office.Losses in U.S stocks were broad, with 420 members of the S&P 500 trading in the red. Airline companies slid, with American Airlines Group Inc. and United Airlines Holdings among the biggest losers in the S&P 500, down more than 3%. Casino stocks got hit, too: Wynn Resorts Ltd. and Las Vegas Sands Corp dropped at least 2.3%. Utilities were the only sector that finished the session in the green.Investors are cautious with stocks close to all-time highs as concern mounts that the respiratory virus develops into something worse, like the SARS illness that emerged 17 years ago. Friday’s decline came amid a broader concern about stocks’ valuations near multi-year highs and uncertainty around an earnings season that may show profits in S&P 500 companies dropped for a fourth quarter in a row.With the S&P 500 up in 13 of 16 weeks, investors are locking in profits, said Chris Zaccarelli, chief investment officer of Independent Advisor Alliance. At the same time, the drop may become another buy-the-dip opportunity, should investors get the evidence that the virus outbreak is being contained, he said.“If we were to get a full-blown pandemic over the next 6 months, and it’s much too early to believe that we will, then the damage to the S&P 500 could be 10-15%, but I think it’s unlikely to be as bad as that,” Zaccarelli said by email. “Even in the case of the SARS virus - and we don’t know if this new corona virus will do as much damage - the market bounced back relatively quickly.”Next week will bring a batch of important earnings that may shift the attention from the virus outbreak. Megacaps from Apple Inc. to Amazon.com Inc. and Microsoft Corp. are expected to report their results.The gauge pared its intraday loss of as much as 1.3% in the last hour, helped by a gain in Boeing Co. The stock added 1.7% as U.S. aviation regulators said the company is making progress in its work to fix the 737 Max.To contact the reporter on this story: Elena Popina in Hong Kong at epopina@bloomberg.netTo contact the editors responsible for this story: Sofia Horta e Costa at shortaecosta@bloomberg.net, Chris Nagi, Rita NazarethFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Stocks Post Biggest Drop Since October on Virus: Markets Wrap
    Bloomberg

    Stocks Post Biggest Drop Since October on Virus: Markets Wrap

    (Bloomberg) -- The spread of a deadly respiratory virus rattled global markets, sending U.S. stocks lower and fueling demand for havens in government bonds and gold. Oil fell for a fourth day on concern the outbreak will dent economic growth.The S&P 500 Index posted its biggest drop since October amid reports that U.S. officials had confirmed two more cases of the illness, which originated in China and has also spread to several countries in Asia and to Europe. Benchmark Treasury yields fell to a three-month low, while the dollar advanced for a second day.Investors are exercising caution with stocks close to all-time highs, cognizant of the chance the respiratory virus migrates across the world and develops into a more devastating pandemic like the SARS illness that emerged 17 years ago. Officials in China boosted travel restrictions to cover 40 million people to contain the virus’s spread.“Investors can’t help but be unnerved by constant headlines of new cases all over the world,” said Alec Young, managing director of global markets research at FTSE Russell. “To make matters worse, the market will be closed when we get the next update on the virus’ spread over the weekend. As such, this is quickly turning into a sell first, ask questions later environment.”In company news, United Airlines Holdings Inc. and American Airlines Group Inc. each slid more than 3% on concern the virus will limit demand for air travel and tourism. Financial shares also sank, with Citigroup Inc. down almost 2% as UBS warned the sector could be hurt by less credit-card spending and a decline in cross-border payments.Health shares were among the worst performers Friday on growing speculation that upcoming elections in the U.S. may prompt lawmakers to take action on the increasing cost of medicines in the U.S. Intel Corp. was a rare bright spot after giving a bullish revenue forecast.Elsewhere, the pound slipped for a second day versus the dollar, giving back some of its rally from earlier in the week.These are the main moves in markets:StocksThe S&P 500 Index fell 0.9% at the close of trading in New York; it lost 1% for the week.The Stoxx Europe 600 Index added 0.9%.The MSCI AC Asia Pacific Index fell 0.1%.CurrenciesThe Bloomberg Dollar Spot Index gained 0.1%.The British pound declined 0.4% to $1.3076.The euro fell 0.3% to $1.1027.The Japanese yen rose 0.2% to 109.29 per dollar.BondsThe yield on 10-year Treasuries fell five basis points 1.69%.Britain’s 10-year yield dipped three basis points to 0.56%.Germany’s 10-year yield fell three basis points to -0.34%.CommoditiesWest Texas Intermediate crude declined 2.2% to $54.39 a barrel.Gold rose 0.5% to $1,571.30 an ounce.\--With assistance from Cecile Gutscher, Adam Haigh and Brian Chappatta.To contact the reporters on this story: Brendan Walsh in Austin at bwalsh8@bloomberg.net;Vildana Hajric in New York at vhajric1@bloomberg.netTo contact the editors responsible for this story: Christopher Anstey at canstey@bloomberg.net, ;Jeremy Herron at jherron8@bloomberg.net, Brendan Walsh, Randall JensenFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Deloitte US CEO: It's dangerous to think the risk of a recession is behind us
    Yahoo Finance

    Deloitte US CEO: It's dangerous to think the risk of a recession is behind us

    A phase one U.S.-China trade deal, improving global growth signals and fading Brexit uncertainties have lulled many investors into believing the biggest economic risks have been taken fully off the table, according to Deloitte U.S. CEO Joe Ucuzoglu.

  • E-mini S&P 500 Index (ES) Futures Technical Analysis – Headed into 3259.25 to 3240.75 Retracement Zone
    FX Empire

    E-mini S&P 500 Index (ES) Futures Technical Analysis – Headed into 3259.25 to 3240.75 Retracement Zone

    With momentum to the downside, the first target is an uptrending Gann angle at 3269.00. This is followed by the short-term 50% level at 3259.25.

  • China will replace the US as the world’s biggest superpower by 2030: UBS survey
    Yahoo Finance

    China will replace the US as the world’s biggest superpower by 2030: UBS survey

    President Donald Trump has been cheering his new trade deal with China, calling it “momentous step” toward “a future of fair and reciprocal trade.” But global investors increasingly see China itself as the future.

  • S&P 500 Price Forecast – Stock Markets Have Rough Into The Week
    FX Empire

    S&P 500 Price Forecast – Stock Markets Have Rough Into The Week

    Stock markets initially tried to rally during the trading session on Friday, but as you can see on the S&P; chart, we have broken down to reach towards the 3300 level again.

  • Wall Street Week Ahead: Hopes are high for tech stock 'Cadillacs'; so are their prices
    Reuters

    Wall Street Week Ahead: Hopes are high for tech stock 'Cadillacs'; so are their prices

    Wall Street is betting that the most popular U.S. technology and internet stocks can keep outshining the broader equities market but their latest rally leaves little room for error this earnings season. Investors dashed for the exits after Tuesday's less-than-stellar quarterly report from Netflix - the N in FAANG - an acronym for the group of U.S. tech companies that have been the biggest drivers of the bull market. Hopes remained high for the other FAANGs - Facebook, Apple, Amazon.com and Google parent Alphabet, as well as Microsoft, ahead of their financial reports.

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

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

    The S&P; 500 went back and forth during the week, showing signs of exhaustion as we are clearly a little overextended. That being said though, there are plenty of support levels underneath that I will be watching.

  • Inside information about earnings won’t guarantee winning trades: Morning Brief
    Yahoo Finance

    Inside information about earnings won’t guarantee winning trades: Morning Brief

    Top news and what to watch in the markets on Friday, January 24, 2020.

  • Trains, Planes, And Automobiles
    FX Empire

    Trains, Planes, And Automobiles

    The travel, autos, and resources sectors have all been hit hard vs. staples, and healthcare was outperforming amid concern over coronavirus. The dollar is strong, CNY is weak, and bonds are bid.

  • Global markets: China virus fears spook U.S. shares, oil prices
    Reuters

    Global markets: China virus fears spook U.S. shares, oil prices

    U.S. shares and crude prices fell sharply on Friday as investors moved into safe-haven assets amid concerns that a spreading virus from China would curb travel and hurt economic demand. MSCI's gauge of stocks across the globe shed 0.41%, weighed down by Wall Street as the benchmark S&P 500 logged its biggest one-day percentage drop since Oct 8. Safe-haven assets like the Japanese yen and gold saw increases, while 10-year U.S. treasury yields touched their lowest point in about three months.

  • China virus fears spook U.S. shares, oil prices
    Reuters

    China virus fears spook U.S. shares, oil prices

    U.S. shares and crude prices fell sharply on Friday as investors moved into safe-haven assets amid concerns that a spreading virus from China would curb travel and hurt economic demand. MSCI's gauge of stocks across the globe shed 0.41%, weighed down by Wall Street as the benchmark S&P 500 logged its biggest one-day percentage drop since Oct 8. Safe-haven assets like the Japanese yen and gold saw increases, while 10-year U.S. treasury yields touched their lowest point in about three months.

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