NEW YORK—The S&P 500 and Dow Jones Industrial Average posted closing record highs on the first trading day of the year on Monday, helped by gains in Tesla Inc. and bank shares. Apple Inc. became the first company to hit a $3 trillion market capitalization but ended the day slightly below that. Its shares ended…
Asia Shares Slip as Investors Ready for End of 2021
HONG KONG—Asian stocks slipped on Wednesday, following a mixed Wall Street session as the region’s investors positioned their portfolios for the new year and continued to grapple with increasing global numbers of Omicron coronavirus cases. MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.25 percent, after six sessions of gains, following volatile U.S. trade….
Business Chart of the Day: Is SPY Breaking Out?
Since Nov. 5, the $471 level has been resistance for the SPDR S&P 500 ETF Trust (SPY). Each time the shares reached that zone, they ran into a wall of sellers. This put a top on the price. But that may be changing, as SPY appears to be setting up for a potential break out. The ETF…
S&P 5,000? Here’s What Analysts and Investors Expect From the Stock Market in 2022
As 2021 winds to a close, investors and analysts are already shifting their focus to 2022. This year marked the third consecutive year of at least 16 percent returns for the S&P 500, leaving investors to wonder just how much more upside they can expect from the SPDR S&P 500 ETF Trust in 2022. Landmark Target…
Is the Santa Claus Stock Market Rally Real? Here Are the Numbers
December is historically one of the best months of the year for the SPDR S&P 500 ETF Trust. However, most of those historical gains have come in the second half of the month in a seasonal trade known as the Santa Claus Rally. The official period of the Santa Claus Rally is the final five trading…
Is Salesforce’s Stock Overvalued or Undervalued?
Salesforce.com, inc. shares have lagged the S&P 500 in 2021, generating a year-to-date total return of just 13 percent. Salesforce stock has had a wild ride in recent years, but investors may be wondering whether there’s any value in Salesforce shares after the recent pullback. Earnings A price-to-earnings ratio (PE) is one of the most…
Will December Bring a ‘Santa Claus Rally’ for the SPY? Here’s What the Chart Says
The SPDR S&P 500 was in need of a pullback after a massive 11 percent rally between Oct. 4 and Nov. 22 brought the ETF to a new all-time high of $473.54. The decline began to take place as mostly sideways consolidation on Nov. 23 and Nov. 24, but on Nov. 26 news of a…
S&P 500, Nasdaq Rise After Inflation-Led Rout; Disney Weighs on Dow
The S&P 500 and Nasdaq rebounded on Thursday from two days of inflation-driven selloff, but losses in Walt Disney due to slowing subscriber growth in its streaming video service weighed on the Dow. A record-breaking rally in Wall Street’s main indexes had come to an end earlier this week as recent inflation reports suggested that…
Oct. 28 Kicks Off the Best 5-Day Stretch of the Year for Stocks
Ths SPDR S&P 500 ETF Trust traded higher by 0.7 percent on Thursday, but that should come as no surprise to investors paying close attention to the calendar. The Numbers According to Ryan Detrick, Chief Market Strategist for LPL Financial, Oct. 28 has historically been one of the best days of the year for the…
S&P 500 Climbs to Record Closing High; IBM Weighs on the Dow
The S&P 500 boasted a record closing high and its seventh straight session of gains on Thursday while the Nasdaq was boosted by such high-profile stocks as Tesla Inc. and Microsoft Corp. but a tumble in IBM shares weighed on the Dow. After hitting an intraday record the previous day the Dow was in the…
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