Justina Lee and Vildana Hajric Bloomberg News Published 6:52 PM EDT May 31, 2019 If euphoria was the concern, you can stop worrying. With books now closed, the S&P 500 has formally delivered its worst May return in seven years and second-worst since the 1960s, falling 6.6%. For tech traders watching the Nasdaq 100, the experience was only a shade less harrowing than the crash months of October and December. Peace has been shattered, and for now, those voices calling for a 1990s-style melt-up have gone silent. As the U.S.-China trade spat escalates further and Donald Trump threatens higher tariffs on Mexican goods, this month’s $4 trillion global plunge is making dip-buying perilous. “Clearly there’s potential for further downside,” Steve Chiavarone, a portfolio manager with Federated Investors, said in an interview at Bloomberg’s New York headquarters. “For markets to really rebound, I now need positive clarity on China, Mexico, politics … [Read more...] about S&P 500 wipes out $4T in second-worst May since ’60s
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By Suzanne O'Halloran Published March 29, 2019 Markets FOXBusiness Facebook Twitter Comments Print video S&P 500 may close above 3000 in 2019: Thomas Lee Fundstrat Global Advisors co-founder Thomas Lee discusses his outlook for the S&P 500 and why he is bullish on bitcoin. Investors are back in a buying mood, pushing the S&P 500 to its best first quarter in 21 years after what was a rocky end to 2018. Continue Reading Below The benchmark, the broadest measure of large-capitalization stocks, rose 13 percent, just shy of the gains reached in 1998, as tracked by Dow Jones Market Data Group. “A big start to the year historically has suggested the bulls could remain in charge the rest of the year,” said LPL Senior Market Strategist Ryan Detrick in a note. He added that “9 of the past 10 times the S&P 500 was up at least 10% during the first quarter, the rest of the year was also in the green.” More … [Read more...] about S&P 500 posts best first quarter in 21 years
Alex Veiga, Ap Business Writer Updated 11:23 am PST, Friday, February 22, 2019 Traders Michael Smyth, left, and Mark Muller, second left, work on the floor of the New York Stock Exchange, Friday, Feb. 22, 2019. Stocks are opening higher on Wall Street, led by gains in technology and health care companies. less Traders Michael Smyth, left, and Mark Muller, second left, work on the floor of the New York Stock Exchange, Friday, Feb. 22, 2019. Stocks are opening higher on Wall Street, led by gains in technology and ... more Photo: Richard Drew, AP Photo: Richard Drew, AP Image 1 of / 12 Caption Close Image 1 of 12 Traders Michael Smyth, left, and Mark Muller, second left, work on the floor of the New York Stock Exchange, Friday, Feb. 22, 2019. Stocks are opening higher on Wall … [Read more...] about Stocks climb, putting S&P 500 on track for 4th weekly gain
By MARLEY JAY Published December 17, 2018 Energy Associated Press Facebook Twitter Comments Print article U.S. stocks are falling in choppy trading, and the S&P 500 is down to its lowest in more than a year. Continue Reading Below Health insurers and hospitals are falling after a federal judge in Texas ruled that the 2010 Affordable Care Act is unconstitutional. Retailers and technology stocks are also sinking. Some of the biggest losses are going to utilities and real estate companies, which have done better than the rest of the market during the turbulence of the last three months. KEEPING SCORE: The S&P 500 skidded 39 points, or 1.5 percent, at 2,560 as of 1:50 p.m. Eastern time. The Dow Jones Industrial Average lost 363 points, or 1.5 percent, to 23,735. The Nasdaq composite fell 106 points, or 1.5 percent, to 6,803. The Russell 2000 index dipped 18 points, or 1.3 percent, to 1,391. The S&P 500 dropped in early trading and briefly … [Read more...] about US and European stocks slide again; S&P 500 hits annual low
Published 5:00 am CDT, Wednesday, October 31, 2018 Ask the Fool Reorganizing the S&P 500 Q: I heard that the S&P 500 recently reorganized itself. What does that mean? -- A.B., Winona, Minn. A: The Standard & Poor's 500 index of 500 big companies is adjusted regularly, with some companies being removed from the index while others are added to replace them. For example, Twitter was added to the index in June to replace Monsanto, as Monsanto was being acquired by the German company Bayer and would no longer be a stand-alone company or stock. The index recently underwent a bigger transformation than usual, though, as it changed how it classifies and groups certain companies. Gone is the Telecoms sector, replaced by a new Communications Services sector. The new sector will contain not only companies that provide various communication platforms but also companies offering media content. Some of its components will be Comcast, AT&T, Verizon Communications, Walt … [Read more...] about Ask the Fool: What’s with the S&P 500 reorganization?