The S&P 500 (SP500) on Friday advanced 1.95% for the holiday-shortened week to end at 5,567.19 points, posting gains in all four sessions. Its accompanying SPDR S&P 500 ETF Trust (NYSEARCA:SPY) added 1.86% for the week. Wall Street’s benchmark index kicked off H2 2024 with its best weekly performance sinceContinue Reading
Choreograph/iStock via Getty Images Traders are enjoying a mid-week break in the U.S., with stock markets – including the NYSE and NASDAQ – closed in observance of Independence Day. The bond market and U.S. commodities markets, including gold and oil futures, will also be closed on Thursday. What’s open? FuturesContinue Reading
Nastassia Samal The world’s largest exchange-traded fund by AUM, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY), witnessed a net inflow of $16.7B in the final week of June. 3 out of 4 weeks in June saw an outflow. Overall, the SPY fund (SPY) wrapped up an outflow of $9.6B forContinue Reading
Torsten Asmus/iStock via Getty Images The S&P 500 (NYSEARCA:SPY) is “the perfectly constructed index,” where you need either the best top five names going higher or the other 495 names higher. “They just can’t both be down a lot at the same time,” Goldman Sachs Analyst Scott Rubner wrote inContinue Reading
Dilok Klaisataporn Value stocks have continued to underperform as appetite for growth remains high. But this “underperformance should not prompt investors to stay away from all value stocks entirely … as more pointed, valuation-based strategies can still deliver favorable price returns for investors,” BMO strategist Brian Belski wrote in aContinue Reading
The S&P 500 (SP500) on Friday advanced 0.61% for the holiday-shortened week to end at 5,464.62 points, posting gains in two out of four sessions. Its accompanying SPDR S&P 500 ETF Trust (NYSEARCA:SPY) added 0.32% for the week. The benchmark index posted a three-week win streak, despite losing some momentumContinue Reading
Torsten Asmus JPMorgan’s global markets strategy team noted that the short interest on the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) and the Invesco QQQ Trust ETF (NASDAQ:QQQ) has fallen to record lows, but cautioned that a reversal in that decline could impact U.S. stocks. The SPY tracks Wall Street’s benchmarkContinue Reading
