Wall Street’s main indexes opened sharply lower on Monday amid a broader risk-off sentiment that also saw cryptocurrencies take a beating, while the benchmark S&P 500 fell into a bear market intraday as a higher-than-expected inflation print last week raised bets the Fed would tighten faster and further to quell price pressures. Shortly after opening…
S&P 500 Falls Back Into Bear Market as Wall Street Opens Down
June 13, 2022
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3 Reasons the S&P 500 May Avoid a June Swoon
The first five months of 2022 haven’t been kind to the SPDR S&P 500 ETF Trust. Unfortunately, the month of June hasn’t historically been a strong month for stock prices, but LPL Financial Chief Market Strategist Ryan Detrick said this week that there’s reason for optimism that investors can avoid a June swoon. Not only…
S&P 500 Falls Into Bear Market as Recession Fears Deepen
For the first time since 2020, the S&P 500 Index has fallen into a bear market as investors’ recession fears continue to mount. The S&P 500, which market analysts consider is the best measurement of the overall U.S. stock market, tumbled about 2 percent on Friday, trading around 3,800. Year-to-date, the index is down 20…
Q1 13F Roundup: How Buffett, Einhorn, Ackman and Others Adjusted Their Portfolios
The latest round of 13F filings from institutional investors is out, revealing to the world the stocks that some of the richest and most successful investors have been buying and selling. Takeaways From 13F Season: Investors who follow particular fund managers can easily look up what each was buying and selling in the quarter, but…
Why Q1 Earnings Season Has Been ‘Death By Paper Cuts’
The SPDR S&P 500 ETF Trust (NYSE:SPY) recently hit its lowest level of 2022 this week despite overall first-quarter earnings numbers that are relatively solid. Unfortunately, Bank of America analyst Savita Subramanian said overall S&P 500 earnings numbers for the first quarter aren’t as strong as they may seem at first glance, and the index…
Analyst Cuts S&P 500 Earnings Estimate, Says Recession Risk Rising
The SPDR S&P 500 ETF Trust is off to a shaky start to 2022, and Bank of America analyst Ohsung Kwon cut his 2022 S&P 500 EPS forecast on Monday heading into first-quarter earnings season. The Numbers Kwon is now projecting 6 percent S&P 500 EPS growth this year, down from his previous estimate of…
Stock Markets Decline, Dollar Strengthens as Fed Reveals Aggressive Stance Toward Inflation in March Minutes
Stocks declined and the U.S. dollar rose following the release of Fed’s March minutes that reinforced market views on the policymakers’ hawkish stance in a bid to curb decades-high inflation. The benchmark S&P started its decline on April 5 after opening at around 4,567.88 and closing over 0.9 percent lower at 4,525.02 mostly on fears…
S&P to End This Year 1 Percent Lower Amid Ukraine Crisis: Goldman
March 15, 2022
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The S&P 500 index will end 2022 about 1 percent lower as commodity prices surge and the outlook for global economic growth weakens amid the conflict in Ukraine, Goldman Sachs said. Goldman economists in a note on Friday trimmed their year-end target for the benchmark index to 4,700 from 4,900, which would have implied a…
This Day in Market History: The S&P 500 Index Launches
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened On March 4, 1957, the Standard & Poors launched the S&P 500 index. Where the Market Was The Dow closed at 471.48 and the S&P 500 traded at 44.06. What Else Was Going On in the World…
S&P 500 Ends Choppy Session Nearly Flat, a Day After Sell-Off
NEW YORK—The S&P 500 ended a volatile session close to unchanged on Thursday, as technology shares fell but financials lent support a day after the market sold off on a hawkish slant in Federal Reserve minutes. The S&P 500 financials index rose 1.6 percent, extending this week’s strong gains. Other economically sensitive sectors also advanced….
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