|Bid||371.72 x 900|
|Ask||371.99 x 900|
|Day's range||371.11 - 374.17|
|52-week range||279.32 - 428.65|
|Beta (5Y monthly)||1.12|
|PE ratio (TTM)||52.36|
|Earnings date||25 Oct 2023 - 30 Oct 2023|
|Forward dividend & yield||3.60 (0.93%)|
|Ex-dividend date||25 Aug 2023|
|1y target est||447.95|
The S&P 500 and the Nasdaq made a slight recovery on Friday as Treasury yields retreated from multi-year highs, while shares of Ford jumped on news of progress in labor talks with workers' union. Ford Motor advanced 2.5% after Reuters reported the United Auto Workers (UAW) was set to announce progress in labor contract talks with the carmaker. U.S. Treasury yields pulled back after surging to fresh highs on Thursday, driving a rebound in some growth stocks including Apple, Amazon.com, Nvidia and Tesla, up between 0.2% and 2.7%.
Every quarter, the S&P Dow Jones Indices organization (a joint venture between S&P Global and CME Group) initiates actions to rebalance the S&P 500 index. This month, Blackstone (NYSE: BX) was added to the index, while fellow financial stock Lincoln National (NYSE: LNC) got the boot. Lincoln National has faced challenges over the past few years, which were compounded over the last several quarters.
S&P Global Inc. (NYSE:SPGI) saw a further decline in its stock value on Thursday, marking the third consecutive day of losses for the company. The stock closed at $372.31, experiencing a 3.61% decrease compared to the previous trading day. This downturn is part of a broader trend in the stock market, as both the S&P 500 Index and Dow Jones Industrial Average also suffered losses of 1.64% and 1.08%, respectively.