|Bid||192.64 x 20000|
|Ask||193.40 x 20000|
|Day's range||188.72 - 188.72|
|52-week range||142.66 - 191.94|
|Beta (3Y monthly)||0.56|
|PE ratio (TTM)||24.41|
|Forward dividend & yield||2.03 (1.08%)|
|1y target est||N/A|
An unnamed fund company is expected to announce plans for a new U.S.-traded exchange-traded fund based on a sustainable version of the S&P 500 index in the next month or two, Reid Steadman, global head of ESG at S&P Dow Jones Indices, tells Barron’s. S&P Dow Jones introduced the new index this week. The new index will target 75% of the traditional S&P 500’s market capitalization at the industry level.
(Bloomberg) -- In 2015, a riot broke out at the detention center in Willacy County, Texas, as inmates protested flooding toilets, rodents and overcrowding in the facility overseen by Management & Training Corp. That prompted the Federal Bureau of Prisons to pull out its inmates and the prison closed, shutting off some of the revenue needed to repay its debts.
David Blitzer, a stock-market indexing icon who has helped oversee the composition of the S&P 500 for over two decades, will retire this year.
Bank of America Merrill Lynch’s U.S. stock market strategists said recently that investors should overweight technology shares. The catch is the group of tech stocks Bank of America recommended didn’t include Facebook Inc., Netflix Inc. or Google parent Alphabet Inc., three of the closely watched FANG stocks — the other in that group is Apple Inc. — that are usually associated with the tech sector. In fact, Bank of America said those stocks should be avoided. Six months ago, indexing giants S&P Global and MSCI jointly decided to break up the tech sector, moving some stocks out of the group that they classify as information tech.
Government bond yields in tiny Cyprus tumbled on Wednesday and stood out as the star performer in euro zone debt markets, a day after a 15-year bond sale drew solid demand in a further sign of progress for a country that exited its bailout in 2016. Broader bond markets were little moved bar Italy, where yields continued to push higher on concern about a weak economy and caution ahead of a Fitch Ratings review on Friday. Cyprus took the spotlight after selling its longest ever bond issue via a syndicate of banks on Tuesday.
A "small number" of Irish firms are likely to see their credit ratings cut if neighbouring Britain - Ireland (Other OTC: IRLD - news) 's biggest trade partner - leaves the European Union next month without a transition deal, S&P Global (Frankfurt: 851710 - news) said on Thursday. S&P said it still expected the UK to leave the EU with a deal but said the risks that it doesn't were rising. It currently rates more than 50 firms in Ireland as well as the government.
BEIJING—China’s central bank gave approval for S&P Global Inc. to begin offering credit-rating services, and to do so via a wholly owned unit, following up on a nearly two-year-old promise to open the sector just ahead of high-level trade talks with the U.S. The People’s Bank of China said Monday that the rating house is permitted to set up a wholly owned subsidiary based in Beijing with a remit to conduct credit-rating services for debt offerings in the nation’s $11 trillion interbank market.
German government bond yields edged lower on Monday as signs of an economic slowdown in China, Washington's political deadlock and Brexit worries kept investors wary and strengthened the demand for safe assets such as Bunds. The most potent of these was the confirmation that China's economic growth cooled slightly in the fourth quarter from a year earlier, leaving 2018 growth the weakest in 28 years. Signs of further cooling in China -- which has generated nearly a third of global growth in recent years -- are stoking worries about risks to the world economy and weighing on profits for firms ranging from Apple (NasdaqGS: AAPL - news) to big carmakers.
German government bond yields rose to a one-month high on Friday as hopes grew that Britain would avoid a messy divorce from the European Union and perhaps hold a second referendum that could raise the prospect of no Brexit at all. Hopes of a more constructive stance in Sino-U.S. trade talks – fuelled by a report that U.S. Treasury Secretary Steven Mnuchin discussed lifting tariffs imposed on Chinese imports – also helped erode some of the safety bid for German Bunds. While analysts warned that it was too early to call a "soft Brexit", the chances seem higher after this week's events, when Prime Minister Theresa May lost a vote on her Brexit deal by a historic margin, though survived a no-confidence vote.
** Embattled power utility company PG&E Corp will be replaced by healthcare equipment maker Teleflex Inc in the S&P 500 on Friday ** PG&E shares were down 4.1 pct, trading near 2001 lows following its ...
The three-day rally kicked off on Friday following robust U.S. jobs data and dovish comments on interest rates by Federal Reserve chief Jerome Powell has lifted the S&P 500 (.SPX) by over 9 percent from 20-month lows touched around Christmas. The S&P 500 has gained in seven of the past nine sessions. The United States and China will extend trade talks in Beijing for an unscheduled third day, a member of the U.S. delegation said, as the world's two largest economies looked to resolve their bitter trade dispute.
The increasing involvement of the Indian government in the affairs of the country's central bank is a negative for the ratings of giant Asian economy's banking system, S&P Global said on Monday. "S&P Global Ratings views as credit negative the circumstances leading to the recent resignation of Urjit Patel, governor of the Reserve Bank of India (RBI)," S&P analysts Michael Puli and Andrew Wood said in a note.
UK shares closed lower on Friday notching up a second straight monthly loss, as weak China data drained confidence ahead of a high-stakes G20 meeting between China and the United States, with builders, financial and mining stocks leading the losses. The FTSE 100 was down 0.8 percent, underperforming its euro-zone peers due in part to its heavy weighting in mining stocks.
UK shares were lower on Friday, heading towards their second straight monthly loss, as weaker-than-expected China data drained confidence ahead of a G20 summit this weekend, hitting financial and mining stocks hardest. The FTSE 100 was down 0.8 percent at 0943 GMT and underperforming its euro-zone peers due to its heavy weighting in mining stocks. The midcap FTSE 250 was down 0.6 percent.
Credit ratings agency S&P Global (Frankfurt: 851710 - news) revised its outlook for British tour operator Thomas Cook (Frankfurt: A0MR3W - news) to "negative" from "stable" on Thursday after the company reported a sharp fall in earnings and cut its profit forecast earlier this week. Analysts at S&P, who have a "B+" issuer credit rating on Thomas Cook, said they revised their outlook down to reflect "significant deterioration" in operating performance, cash flow generation, and credit metrics. "We expect full-year 2019 to be challenging, with evidence already of softer winter bookings, continuing difficulties in the UK tour operator market exacerbated by uncertainties around Brexit, and the ever-present event risk in the travel industry," they wrote.
Irish government bond yield spreads over Germany neared their widest level since late May on Monday as worries over the economic impact of a possible messy Brexit hurt demand for Irish debt. British Prime Minister Theresa May last week disclosed a draft agreement on leaving the European Union that met with strong opposition from within her party, that could spark a confidence vote in her leadership and increases the chances of a "no deal" Brexit. Britain is one of Ireland's biggest trading partners, and the border between Northern Ireland and the Republic of Ireland is a key issue in Brexit talks.