|Bid||3.7500 x 2900|
|Ask||3.8700 x 2900|
|Day's range||3.8200 - 3.9600|
|52-week range||1.8400 - 6.8800|
|Beta (5Y monthly)||2.70|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
US stocks edged lower on Monday, trimming early gains, as investors weighed a much-anticipated product launch from tech giant Apple and continued hunting for clues about the future path of interest rate rises. Wall Street’s S&P 500 closed down 0.2 per cent, paring a small advance that had lifted the benchmark index more than a fifth above a recent low in October 2022 — briefly taking it into technical bull-market territory. Apple’s shares slid 0.8 per cent after the group unveiled a new “mixed-reality” headset, following gains of as much as 2.2 per cent in the run-up to the product launch.
Nasdaq ETF marked first six-week rally since Jan 2020. These stocks gained more than 100% during this time frame.
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.
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 0.8% lower after the world's most valuable company unveiled an augmented-reality headset called the Vision Pro, its riskiest and biggest bet since the introduction of the iPhone. Earlier Apple rose as much as 2.2% to an all-time high.
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.
Asian stocks followed Wall Street higher on Monday after strong U.S. hiring data coupled with scant wage gains suggested a possible recession might be further away, but also that inflationary pressures are weakening. Shanghai, Hong Kong and Seoul also rose. Wall Street's benchmark S&P 500 index leaped 1.5% on Friday, putting it on the verge of entering what traders call a “bull market” after rising nearly 20% in seven months.
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.
Ether and other major cryptos spent much of the day in positive territory.
JPMorgan Chase (NYSE: JPM) saw its stock price rise on Friday, as it was up about 2.7% as of around 1:40 p.m. EDT. The markets were surging higher on Friday, as the S&P 500 was up 62 points (1.5%), the Dow Jones Industrial Average climbed 665 points (2%), and the Nasdaq Composite gained 138 points (1.1%) as of 1:40 p.m. EDT. Friday was a good day for the markets, which certainly helped JPMorgan Chase, the nationʻs largest bank.
The markets were climbing on Friday as the S&P 500 was up 56 points (1.3%), the Dow Jones Industrial Average jumped 619 points (1.9%), and the Nasdaq Composite gained 120 points (0.9%) as of 12:30 p.m. ET. A news report on Monday by American Banker about Comerica's alleged violations of compliance requirements for the U.S. Treasury's Direct Express program sent the stock price tumbling earlier this week. More bad news followed, not specific to Comerica, but to regional banks in general, as the Federal Deposit Insurance Corp. (FDIC) came out with a report that said U.S. banks lost $472 billion, or 2.5% of total deposits, in the first quarter.
The tech-heavy Nasdaq Composite Index wrapped up a historic month, outperforming the Dow Jones by the widest margin since October 2001.
These phenomenal businesses have the tools and intangibles to make patient shareholders a lot richer.
BMO REX MicroSectors FANG+ Index 3X Leveraged ETN, GraniteShares 1.5x Long NVDA Daily ETF, MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN6, ProShares UltraPro QQQ and MicroSectors Gold Miners -3X Inverse Leveraged ETN are included in this Analyst Blog.
Stock markets got a nice lift on the first day of June, as the Nasdaq Composite (NASDAQINDEX: ^IXIC) in particular continued its run higher to close at its highest level in nearly a year. The S&P 500 (SNPINDEX: ^GSPC) and Dow Jones Industrial Average (DJINDICES: ^DJI) also posted solid gains. Earnings reports kept coming in after the market had closed for the day, with some companies getting a boost, while others plunged.
Wall Street closed higher on hopes that the Federal Reserve may soon take it easier on its hikes to interest rates, with the S&P 500 gaining 1% Thursday. Altogether, investors saw the data pushing the Fed toward not hiking rates at its next meeting in two weeks. The Nasdaq composite led the market’s gains as Big Tech stocks climbed.
With a debt ceiling solution seemingly on the way, market participants remain hopeful that the U.S. economy can avoid recession and keep chugging along at a modest but reasonable pace. Dollar General (NYSE: DG) caters to those seeking discounts, while Lucid Group (NASDAQ: LCID) has aimed squarely at the luxury electric vehicle market. Shares of Dollar General sank 18% in midafternoon trading Thursday.