^GSPC - S&P 500

SNP - SNP Real-time price. Currency in USD
2,925.72
+37.04 (+1.28%)
As of 3:07PM EDT. Market open.
Stock chart is not supported by your current browser
Previous close2,888.68
Open2,913.48
Volume1,117,606,459
Day's range2,913.48 - 2,931.00
52-week range2,346.58 - 3,027.98
Avg. volume3,501,494,920
  • 'THE PUTS HAVE EXPIRED': Morgan Stanley warns that neither trade nor the Fed can save them now
    Yahoo Finance

    'THE PUTS HAVE EXPIRED': Morgan Stanley warns that neither trade nor the Fed can save them now

    Investors have been convinced that a friendly Fed or a U.S.-China trade deal will be the market's saving grace. But Morgan Stanley's Mike Wilson thinks that magical thinking has come to an end.

  • How the Fed ‘could trigger carnage in the bond and equity markets’ this week
    Yahoo Finance

    How the Fed ‘could trigger carnage in the bond and equity markets’ this week

    Investors await commentary from Federal Reserve Chair Jerome Powell this week at the annual Jackson Hole conference on Friday.

  • Stocks Climb With Dollar on Trade; Treasuries Drop: Markets Wrap
    Bloomberg

    Stocks Climb With Dollar on Trade; Treasuries Drop: Markets Wrap

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Stocks rallied after the Trump administration signaled progress on trade negotiations and speculation grew that major central banks will keep shoring up their economies. Treasuries slumped.The S&P 500 Index rose for a third day as U.S. Commerce Secretary Wilbur Ross said the nation will delay restrictions imposed on some business operations of China’s Huawei Technologies Co. The Treasury market was unfazed by President Donald Trump’s call for the central bank to cut rates by “at least 100 basis points.” Bunds tumbled as Germany was said to be preparing fiscal stimulus measures. Oil climbed as a drone attack in Saudi Arabia highlighted simmering Middle East tension. Gold fell.The week started on a positive note as the news on Huawei was seen as encouraging for the long-awaited trade pact between the world’s two largest economies. Still, the company said the temporary relief doesn’t change the fact that it’s been treated “unjustly.” The announcement of a reprieve followed a tweet from Trump over the weekend indicating the U.S. was “doing very well with China, and talking,” but suggesting he wasn’t ready to sign a deal.“It’s kind of like a drunken walk,” said Paul Nolte, a money manager at Kingsview Asset Management in Chicago. “There’s no rhyme or reason from day to day as to what’s happening with trade, and trade is really what’s driving the markets. And there’s no way to handicap it. There is no glide path, there is no, ‘Here’s what happening.’ It’s a random walk.”Federal Reserve Bank of Boston President Eric Rosengren said the U.S. economy was doing pretty well and the central bank shouldn’t ease monetary policy again unless the domestic outlook darkened. Investors awaited Fed Chairman Jerome Powell’s remarks about the challenges for monetary policy at the Jackson Hole symposium Friday. Trump’s top economic adviser, Larry Kudlow, will speak with business leaders this week amid concerns about the rising odds for a recession, the trade war and whipsawing markets.Equities plunged last week after the key U.S. 2-year and 10-year yield curve briefly flipped for the first time since 2007, spurring fears of an economic downturn. But this correction is likely to be short-lived and American stocks will recover as soon as early September, according to JPMorgan Chase & Co. strategists led by Mislav Matejka, as stimulus from major central banks outweighs worries about a slowdown.Blue-chip U.S. companies are likely to see a surge in demand for their bonds as the rising amount of negative-yielding debt globally forces more overseas investors to seek higher returns in dollar assets, according to Bank of America Corp. “There is a wall of new money being forced into the global corporate bond market,” strategists led by Hans Mikkelsen wrote in an Aug. 16 note.In corporate news, Chinese Internet stocks soared in U.S. hours on trade optimism. Estee Lauder Cos. jumped after the cosmetics company forecast earnings that topped analysts’ estimates. PG&E Corp. plunged as a judge ruled that a jury should determine whether the California utility giant should pay as much as $18 billion in damages to wildfire victims.Here are some notable events coming up:Minutes of the Fed’s July meeting will provide details on the discussions leading to the first interest-rate cut in a decade when they are released on Wednesday.Thursday brings the Bank Indonesia rate decision and press conference with Governor Perry Warjiyo.Flash PMIs are due for the euro area on Thursday.Kansas City Federal Reserve Bank hosts its annual central banking symposium in Jackson Hole, Wyoming, starting Thursday. Fed Chairman Jerome Powell will give remarks on Friday.Here are the main moves in markets:StocksThe S&P 500 rose 1.3% to 2,927.36 as of 2:58 p.m. New York time.The Stoxx Europe 600 Index climbed 1.1%.The MSCI Asia Pacific Index gained 0.9%.CurrenciesThe Bloomberg Dollar Spot Index increased 0.3%.The euro fell 0.1% to $1.1083.The Japanese yen decreased 0.2% to 106.63 per dollar.BondsThe yield on 10-year Treasuries increased five basis points to 1.60%.Germany’s 10-year yield increased four basis points to -0.65%.Britain’s 10-year yield advanced less than one basis point to 0.47%.CommoditiesThe Bloomberg Commodity Index decreased 0.1%.West Texas Intermediate crude increased to $56.21 a barrel.Gold fell 0.8% to $1,511.60 an ounce.\--With assistance from Adam Haigh, Todd White and Laura Curtis.To contact the reporters on this story: Rita Nazareth in New York at rnazareth@bloomberg.net;Sarah Ponczek in New York at sponczek2@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.

  • The Dollar Is Strengthening: How Will It Affect Markets?
    Market Realist

    The Dollar Is Strengthening: How Will It Affect Markets?

    The US Dollar Index, which measures the strength of the dollar against a basket of other currencies, has risen 2.2% in the past month.

  • 5 Top Pipeline Stocks to Buy Now
    Motley Fool

    5 Top Pipeline Stocks to Buy Now

    An in-depth look at the best pipeline stocks.

  • Wall Street rallies on stimulus cheer, trade optimism
    Reuters

    Wall Street rallies on stimulus cheer, trade optimism

    After the three main Wall Street indexes racked up their third straight weekly loss despite Friday's bounce, investors will weigh trade risks and signs of slowing growth against the potential for more action from the U.S. Federal Reserve and others in September. The focus this week will be on Wednesday's release of minutes from the Fed's July policy meeting, when the central bank cut rates for the first time in more than a decade, and Chair Jerome Powell's speech in Jackson Hole on Friday. "Everything is up because the Street is expecting Fed Chairman Powell to push for an additional cut when he addresses bankers in Jackson Hole," said Peter Kenny of Kenny's Commentary LLC and Strategic Board Solutions LLC in New York.

  • Stock Market News: GE, PG&E Face New Threats
    Motley Fool

    Stock Market News: GE, PG&E Face New Threats

    Markets started the new week on a positive note, but not every stock saw gains.

  • Lyft Insiders Get Their First Chance to Sell Shares
    Bloomberg

    Lyft Insiders Get Their First Chance to Sell Shares

    (Bloomberg) -- Lyft Inc. shares dropped sharply at the market open on Monday, but then quickly recovered, as some early investors got their first opportunity to sell the stock.Shares of the ride-hailing operator fell as much as 3.7% to $50.51, before gaining as much as 2.1% in New York. A block of 1.04 million in Lyft Class A shares, or about 2.6% of float, traded at a market value of $53.7 million at 9:30 a.m., according to Bloomberg data. The performance compares to the S&P 500, which rose more than 1%. The company had estimated that about 258 million Class A shares may become eligible for sale at the market open on Monday.To contact the reporter on this story: Esha Dey in New York at edey@bloomberg.netTo contact the editor responsible for this story: Brad Olesen at bolesen3@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • E-mini S&P 500 Index (ES) Futures Technical Analysis – August 19, 2019 Forecast
    FX Empire

    E-mini S&P 500 Index (ES) Futures Technical Analysis – August 19, 2019 Forecast

    Based on the early price action, the direction of the September E-mini S&P; 500 Index the rest of the session is likely to be determined by trader reaction to the short-term Fibonacci level at 2932.50.

  • Trump: US Economy ‘Poised for Big Growth after Trade Deals’
    Market Realist

    Trump: US Economy ‘Poised for Big Growth after Trade Deals’

    According to President Trump, the US economy is “poised for big growth after trade deals are completed.” Markets are volatile amid the trade war.

  • Stocks Ready to Jump Again, but Is Downtrend Over?
    FX Empire

    Stocks Ready to Jump Again, but Is Downtrend Over?

    Stocks retraced some of their recent declines on Friday, as investors’ sentiment improved following bouncing off the short-term support level, economic data releases. The S&P; 500 index continues to trade within a consolidation. Is this a bottoming pattern or just a flat correction before another leg down?

  • Mark Zandi: Trade War Hurts the US Economy!
    Market Realist

    Mark Zandi: Trade War Hurts the US Economy!

    On August 15, in an interview with CNBC, Mark Zandi said that the trade war hurts the US economy. The trade war has a negative impact on certain sectors.

  • Wall St. rallies on stimulus cheer, trade optimism
    Reuters

    Wall St. rallies on stimulus cheer, trade optimism

    After the three main Wall Street indexes racked up their third straight weekly loss despite Friday's bounce, investors will weigh trade risks and signs of slowing growth against the potential for more action from the U.S. Federal Reserve and others in September. The focus this week will be on Wednesday's release of minutes from the Fed's July policy meeting, when the central bank cut rates for the first time in more than a decade, and Chair Jerome Powell's speech in Jackson Hole on Friday. "Everything is up because the Street is expecting Fed Chairman Powell to push for an additional cut when he addresses bankers in Jackson Hole," said Peter Kenny of Kenny's Commentary LLC and Strategic Board Solutions LLC in New York.

  • Two signs of strain on the global economy just came out from Japan
    Yahoo Finance UK

    Two signs of strain on the global economy just came out from Japan

    Japan said that exports slipped for the eighth consecutive month in July while business confidence tanked.

  • Would ECB Buying Equities Really Be a Good Idea?
    Bloomberg

    Would ECB Buying Equities Really Be a Good Idea?

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Just when the market is looking for a positive catalyst to revive its rally, the European Central Bank’s Olli Rehn seems to think it’s a good move to float the idea of equity purchases as a means of stimulus. But a number of investors and strategists aren’t too thrilled and warn of the risk of artificially overvalued assets.In an interview with the Wall Street Journal last week, Rehn said that it was better for the ECB to overshoot than undershoot market expectations when it comes to new support measures, and didn’t rule out adding equities to the central bank’s stimulus program.“I hope the ECB won’t start buying stocks,” said Roelof Salomons, chief strategist at Kempen Capital Management. “Buying stocks is great for investors but it won’t move the needle -- it will create a bubble instead. The ECB has already made a mistake with bond purchases."The rationale behind possible stock purchases is to stimulate household consumption and help European companies raise capital at higher prices to finance investment, according to Laurent Douillet, a Bloomberg Intelligence strategist. Yet, simply buying equities won’t push European firms to boost their capex plans, says Kempen’s Salomons. For that to happen, countries like France and Italy need to implement reforms while Germany needs to increase government spending, he says.If the ECB were to start buying stocks, it wouldn’t be the first central bank to engage in such extraordinary measure. The Bank of Japan has been buying exchange-traded funds since 2010 and now dominates the nation’s ETF industry, spurring concerns among money managers about an equity overhang.“I am a bit skeptical,” said Ulrich Urbahn, head of multi-asset strategy and research at Berenberg in Frankfurt. “Equity buying by a central bank has not worked in Japan. And for the euro zone, the wealth effect should be quite limited."At last July’s meeting, ECB policy makers committed to review a swathe of options including interest-rate cuts and renewed quantitative easing. Meanwhile, European equity funds have seen almost non-stop outflows since March 2018, having lost about $87 billion this year alone, according to Bank of America and EPFR Global.While Rehn may be considering launching stock purchases, the majority of the ECB’s governing council would oppose such a move, says Peter Schaffrik, a global macro strategist at RBC Capital Markets. “I am at this stage not even really thinking about the risks of this scenario as I just don’t think this is a realistic option, it’s a red herring."However, it’s important to note that many strategists and investors had also doubted that the ECB would ever start its 2.6 trillion-euro ($2.9 trillion) bond-buying program to stimulate growth.And some support such a move. Rick Rieder, BlackRock’s chief investment officer for global fixed income, said in April that the ECB should consider buying stocks as a form of additional stimulus as debt costs in Europe are much lower and equity is “too expensive.”“It’s a conflict between investors and economists,” says Kempen’s Salomons. “Markets love shorter-term gains even if those come with long-term concerns. You don’t want to be in the ECB’s shoes.”In the meantime, Euro Stoxx 50 futures are up 0.5% ahead of the open, while S&P 500 futures are rising 0.6%.SECTORS IN FOCUS TODAY:Watch German stocks after the government hinted that the country could add about 50 billion euros of spending, putting a number on the possible stimulus for the first time while also indicating nothing was imminent on that front.Watch Italian equities ahead of a confidence vote in the government on Tuesday. The League and Five Star appear to be beyond healing, with the latter moving to distance itself from Deputy Prime Minister and League leader Matteo Salvini.Watch trade-sensitive stocks as the rollercoaster that is keeping up with the state of U.S.-China trade talks begins with a degree of positivity. U.S. President Donald Trump tweeted his team is “doing very well with China, and talking!”COMMENT:“Investors have fled equities in favor of bond and money market funds at a record rate this year,” Bernstein strategists write in a note. “This low level of investor sentiment provides a cushion for the market so we are not bearish despite worsening macro data. At the very least, this makes this August very different from the last Chinese devaluation of August 2015 when investors had been buying in the prior six months.”NOTES FROM THE SELL SIDE:Jefferies says EON’s earnings outlook continues to appear subdued, although these challenges are now better understood by the market. Broker lifts rating to hold from underperform.Citi raises X5 Retail to buy, and sees co. delivering growth in an environment where growth is becoming more rare. Says “conservatively” models 7.6% Ebitda margin this year, up from previous 7.3%.The U.K. buy-to-let market remains in “decent health” and there’s significant upside for the likes of Charter Court, OneSavings Bank and Paragon Banking, Peel Hunt writes in a note boosting price targets on all three firms. Paragon (buy, PT 580p) is top pick, Charter Court kept at buy (PT 400p), OneSavings also buy (PT 470p).Morgan Stanley initiates Colruyt at equal-weight, seeing free cash generation as able to provide some support to the shares even if risk/reward remains skewed toward the downside.COMPANY NEWS AND M&A:DSV Completes Acquisition of Panalpina; Sees DKK2,200M SynergiesDassault Systemes Says Medidata Stockholders Approve PurchaseGrand City Properties 1H FFO Up 7%; Confirms 2019 GuidanceBpost CEO Van Gerven to Leave Co. in Feb.: De StandaardLundin Norway Makes Small Oil Find South of Edvard Grieg: NPDMitie Set to Sell Stake in Gather & Gather in GBP90M Deal: SkyVapiano CEO Everke to Resign From Office Effective Aug. 31TECHNICAL OUTLOOK for Stoxx 600 index:Resistance at 370.8 (200-DMA); 374.5 (61.8% Fibo); ~386 (uptrend); 395.1 (July high)Support at 365.5 (50% Fibo, May low); 356.5 (38.2% Fibo)RSI: 39.2TECHNICAL OUTLOOK for Euro Stoxx 50 index:Resistance at ~3,400 (uptrend) 3,403 (61.8% Fibo); 3,444 (50-DMA)Support at 3,249 (June/August low); 3,300 (200-DMA)RSI: 41.5MAIN RESEARCH AND RATING CHANGES:UPGRADES:CNH Industrial upgraded to overweight at Morgan StanleyEON upgraded to hold at Jefferies; PT 7.80 EurosHumana upgraded to buy at ABG; PT 55 KronorNovozymes raised to neutral at JPMorgan; Price Target 275 KronerRatos upgraded to hold at SEB Equities; PT 18 KronorScout24 Upgraded to Buy at Kepler Cheuvreux; PT 57.50 EurosX5 Retail GDRs upgraded to buy at CitiDOWNGRADES:Paragon GmbH & Co KGaA cut to hold at Bankhaus LampeTechnogym downgraded to hold at BerenbergINITIATIONS:Colruyt rated new equal-weight at Morgan Stanley; PT 43.40 EurosMARKETS:MSCI Asia Pacific up 0.4%, Nikkei 225 up 0.8% S&P 500 up 1.4%, Dow up 1.2%, Nasdaq up 1.7%Euro down 0.01% at $1.1089Dollar Index up 0.08% at 98.22Yen down 0.01% at 106.39Brent up 1.2% at $59.3/bbl, WTI up 1% to $55.4/bblLME 3m Copper up 0.3% at $5763/MTGold spot down 0.5% at $1506/ozUS 10Yr yield up 3bps at 1.58% ECONOMIC DATA (All times CET):10am: (IT) June Current Account Balance, prior 2.6b10am: (EC) June ECB Current Account SA, prior 29.7b11am: (EC) July CPI Core YoY, est. 0.9%, prior 0.9%11am: (EC) July CPI MoM, est. -0.4%, prior 0.2%11am: (EC) July CPI YoY, est. 1.1%, prior 1.3%\--With assistance from Michael Msika.To contact the reporter on this story: Ksenia Galouchko in London at kgalouchko1@bloomberg.netTo contact the editors responsible for this story: Blaise Robinson at brobinson58@bloomberg.net, Jon MenonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • 3 Things to Watch in the Stock Market This Week
    Motley Fool

    3 Things to Watch in the Stock Market This Week

    Look for Home Depot, Foot Locker, and TJX Companies stocks to make big moves over the next few trading days.

  • I Lost $34,000 This Week: Here's What I'm Doing About It
    Motley Fool

    I Lost $34,000 This Week: Here's What I'm Doing About It

    From Monday through Thursday, my family's stock investments fell more than many people earn in a year. Here's what I plan to do about it.

  • E-mini S&P 500 Index (ES) Futures Technical Analysis – Closed on Strong Side of Main Retracement Zone at 2881.00 to 2845.75
    FX Empire

    E-mini S&P 500 Index (ES) Futures Technical Analysis – Closed on Strong Side of Main Retracement Zone at 2881.00 to 2845.75

    Based on Friday’s price action and the momentum into the close, the direction of the September E-mini S&P; 500 Index on Monday is likely to be determined by trader reaction to the main 50% level at 2881.00.

  • San Francisco doesn't care about the stock market
    Yahoo Finance

    San Francisco doesn't care about the stock market

    San Francisco is home to hot IPOs like Uber, Lyft, Slack and Pinterest. Big swings in the stock market get less attention than sizeable moves with any of the cities biggest publicly traded names.

  • Bonds, yields, and why it matters when the yield curve inverts: Yahoo U
    Yahoo Finance

    Bonds, yields, and why it matters when the yield curve inverts: Yahoo U

    The yield curve inversion had markets tumbling amid concerns of a coming recession, but what is a "yield curve" and how (and/or why) does it invert?

  • What Happened in the Stock Market Today
    Motley Fool

    What Happened in the Stock Market Today

    On a day stocks bounced back, NVIDIA shares rose after the company reported a strong quarter, as did those of Deere despite challenges in the agricultural industry.

  • Reuters - UK Focus

    GLOBAL MARKETS-Dollar firms, stocks soar on ECB rate cut expectations

    U.S. and European stocks surged on Friday on expectations the European Central Bank will cut interest rates but the dollar pared gains against the euro after a report said the German government was prepared to take on new debt to lift the economy. The dollar hit a two-week high against the euro as expectations of ECB stimulus weighed on the single currency and bullish data showing a jump in U.S. homebuilding permits to a seven-month high also helped lift the greenback. The euro rebounded to pare most losses after Der Spiegel magazine said the German government would be prepared to ditch its balanced budget rule and take on new debt to counter a possible recession.

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