|Bid||4.0400 x 1800|
|Ask||4.0500 x 1400|
|Day's Range||3.7400 - 4.1084|
|52 Week Range||1.8400 - 6.3300|
|Beta (5Y Monthly)||2.70|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 14, 2023 - Aug 18, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.25|
The S&P 500 and Nasdaq rose on Tuesday as banks led a rally in economically sensitive sectors, while investors awaited inflation data and the Federal Reserve's policy meet next week. Inflation data is expected to show consumer prices cooled slightly on a month-over-month basis in May but core prices are likely to have remained elevated, while the Fed is widely expected to hold interest rates.
With major share markets all in the black, investors might think that stocks are set to rise further. Australia's central bank delivered a surprise interest rate hike on Tuesday, and while investors mostly expect the Federal Reserve to abstain from raising rates next week, some analysts cautioned that more rate hikes by the Fed are on the cards.
Wall Street's main indexes slipped on Tuesday as investors assessed odds of an interest rate pause by the Federal Reserve at its policy meeting next week, with mixed economic data adding to uncertainty around the rate path. While that signaled the Fed's monetary tightening was cooling the world's largest economy, it followed strong monthly jobs data last week, clouding the outlook for the Fed's policy. "The market is on pause now until we get to the Fed meeting and the inflation data."
Coinbase, the largest crypto asset trading platform in the US, has been sued by US regulators in a widening crackdown on the digital token industry.
The S&P 500 (SNPINDEX: ^GSPC) index has posted a total return of 12% year to date, and the more volatile Nasdaq Composite (NASDAQINDEX: ^IXIC) scored a 27% total gain over the same period. Many news sites, investor hangouts, and economic analysis outlets are using the start of a new month to provide forecasts for what the stock market will do in June. Instead, I want to remind you that Warren Buffett, master investor (and some might say possessor of Tolkien's Rings of Power) never tries to time the market -- and neither should you.
Given certain parameters, this market indicator has flawlessly forecast the directional movement in stocks more than two dozen times over the past 73 years.
U.S. stocks are seen opening marginally lower Tuesday, continuing to hand back some of last week’s chunky gains as investors fret about the uncertain economic outlook ahead of next week’s Federal Reserve policy-setting meeting. At 06:55 ET (10:55 GMT), the Dow futures contract was down 30 points, or 0.1%, S&P 500 futures traded 3 points, or 0.1% lower, and Nasdaq 100 futures dropped 10 points, or 0.1%. The blue-chip Dow Jones Industrial Average fell 200 points, or 0.6%, the broad-based S&P 500 dropped 0.2%, after last week posting its best week since March, while the tech-heavy Nasdaq Composite fell 0.1% higher.
The stock market initially seemed poised to move higher again on Monday, carrying upward momentum from last week's significant rally. Yet by the end of the day, major market benchmarks were all lower, with the Dow Jones Industrial Average (DJINDICES: ^DJI) leading the way.
The S&P 500 ended lower on Monday as investors weighed whether the U.S. Federal Reserve might pause its interest rate hikes at its upcoming policy meeting, while Apple briefly hit a record high before losing ground. Apple Inc ended lower after the world's most valuable company revamped its lineup of desktop and laptop Macs using its own processor chips ahead of its expected announcement of its first mixed-reality headset. Earlier Apple rose as much as 2.2% to an all-time high.
Investing.com - U.S. stock futures were trading lower during Monday's evening deals, following a negative session among major benchmark indices as investors retreated amid weakening PMI data.
Nasdaq ETF marked first six-week rally since Jan 2020. These stocks gained more than 100% during this time frame.
The S&P 500 and the Nasdaq rose on Monday, as Apple scaled an all-time peak and investors weighed up chances of the Federal Reserve pausing interest rate hikes at its upcoming policy meeting. Apple Inc shares rose 1.8% to touch an all-time high ahead of its annual software developer conference later in the day, where the iPhone maker is widely expected to announce a new mixed-reality headset.
The S&P 500 and Nasdaq on Monday hovered near highs hit in the previous session as Apple scaled an all-time peak, while investors assessed odds of the Federal Reserve pausing interest rate hikes at its upcoming policy meeting. Apple Inc shares rose 1.5% to touch an all-time high ahead of its annual software developer conference later in the day, where the iPhone maker is widely expected to announce a new mixed-reality headset.
Wall Street closed sharply higher on Friday buoyed by impressive jobs data for May.
Wall Street was upbeat last week with the key equity gauges gaining in the range of 1.8% to 3.3%.
U.S. stocks are mixed as investors look toward next week’s meeting of the Federal Reserve. At 11:34 ET (14:19 GMT), the Dow Jones Industrial Average was down 93 points or 0.3%, while the S&P 500 was up 0.3% and the NASDAQ Composite was up 0.6%. Investors are trying to assess the chances of the Fed raising interest rates again next week after raising them at consecutive meetings since last spring.
Let's look at the three worst performers from the Nasdaq 100 -- an index that monitors the performance of the 100 largest stocks in the Nasdaq Composite -- in May to see if any of them are worth buying. PayPal (NASDAQ: PYPL) was the worst performer on the Nasdaq 100, largely because the digital payments leader is facing challenges on multiple fronts.
Over a half-dozen high-flying stocks have split their shares in recent years. One stands out as a surefire buy in June, while another is priced for perfection in an imperfect industry.
U.S. stocks are seen opening in a mixed fashion Monday, stabilizing after a broad-based rally as investors digest more economic data with next week’s Federal Reserve policy-setting meeting in mind. At 06:50 ET (10:50 GMT), the Dow futures contract was up 30 points, or 0.1%, S&P 500 futures traded 2 points, or 0.1% higher, while Nasdaq 100 futures dropped 23 points, or 0.2%. The main Wall Street indices closed firmly higher on Friday, following strong jobs data and after Congress passed a bill to lift the federal debt ceiling, signed into law by President Joe Biden over the weekend, thus averting a default which would have had economically disastrous repercussions.
Investing.com -- Saudi Arabia vows to slash oil production from next month, while U.S. President Joe Biden signs into a law a bill that lifts the country's debt ceiling and averts a possibly catastrophic default. Elsewhere, Apple gears up to reveal a long-awaited "mixed reality" headset.
Investing.com - U.S. stock futures were trading in a mixed fashion during Sunday's evening trade after major benchmark averages closed out the holiday-shortened week higher as stronger than expected nonfarm payrolls data boosted investor sentiment, while President Joe Biden signed the debt ceiling bill into law over the weekend in order to avoid an impending U.S. default.
BlackRock (NYSE: BLK), the world's largest asset manager, has endured a difficult couple of years. As the largest provider of exchange-traded funds (ETFs), as well as a prominent manager of mutual funds and institutional investments, its fortunes are largely tied to the movements of the broader markets. Last year, BlackRock's stock price was down about 20% while the S&P 500 was also lower by about that much -- 19%, to be exact.
A new bull market for the Nasdaq Composite Index has been in sight for several months. In May, the index finally gained more than 20% from its previous bottom, meeting the commonly accepted definition of a bull market. There have been plenty of winners, with over one-third of the Nasdaq 100 stocks jumping by at least 20% so far this year.
Wall Street can look vastly different depending on your investment timeline. When examined over multiple decades, we see that stock market corrections are commonplace, but the uptrend in the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) is well-defined. Over shorter periods, directional movements on Wall Street become far less predictable, as evidenced by the three major U.S. stock indexes plunging into a bear market in 2022.
On the other hand, every double-digit percentage decline in the major indexes, including the Nasdaq Composite, has proven to be a buying opportunity for patient investors. Despite never knowing when corrections or bear markets will start, how long they'll last, or how steep the decline will be, history does conclusively show that index-based losses associated with every decline are eventually cleared away by a bull market. For investors with a long-term mindset, this represents an opportunity to pounce on innovative growth stocks trading at a discount.