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SPDR S&P 500 Trust ETF (SPY)

- NYSEARCA
  • Today, 7:02 AM
    | Today, 7:02 AM | 25 Comments
  • Yesterday, 12:03 PM
    • Incorporating new survey techniques for the first time, the EIA pegs June U.S. crude oil production at 9.3M barrels per day, down about 100K from the revised May figure. Production estimates for Jan-May were cut by between 40K and 130K barrels per day, with the biggest revisions coming in Texas and the Gulf.
    • Prior to this new data, "the magnitude and source of decline has been less than reassuring,” says Morgan Stanley. “However, if the data shows a more pronounced decline in North Dakota, Texas or the interior shale producing states, it could give confidence to a market increasingly doubting any decline in U.S. production.”
    • Down 2% earlier, WTI crude is now ahead 4% to $47.06 per barrel, with black gold in the last three sessions erasing all of August's earlier decline. USO +5%
    • The move in oil has also sparked a rally in the energy sector (XLE +1.7%), which, in turn, has pulled the Dow (DIA -0.2%) and S&P 500 (SPY -0.3%) well off their session lows.
    • Update at 12:20 ET: Also at work is the latest OPEC Bulletin in which the cartel continues to voice "concern" with the pressure on prices, and says it stands ready to talk with all producers.
    • Previously: Oil skies 10% as Venezuela reportedly asks for emergency OPEC meeting (Aug. 27)
    • ETFs: USO, OIL, XLE, UCO, UWTI, VDE, ERX, OIH, SCO, XOP, BNO, DBO, DWTI, ERY, DIG, DTO, UGA, DUG, BGR, USL, IYE, IEO, DNO, FENY, PXE, PXJ, FIF, OLO, SZO, NDP, RYE, FXN, OLEM, DDG, GUSH, DRIP
    | Yesterday, 12:03 PM | 89 Comments
  • Yesterday, 7:09 AM
    | Yesterday, 7:09 AM | 13 Comments
  • Fri, Aug. 28, 7:14 AM
    • After being down more than 5% late in the day on Tuesday, the S&P 500 was up about 2% for the week at the close yesterday, but looking to shave some of that gain at the open - futures are down 0.9%. DJIA and Nasdaq 100 futures are down 1%.
    • Fed Vice Chairman Stanley Fischer may give a clue about whether a September rate hike is coming when he speaks at Jackson Hole later this morning.
    • Shanghai gained another 4.8% overnight and the Nikkei climbed 3%. After a strong open, Europe has turned modestly lower.
    • The 10-year Treasury yield is down four basis points to 2.15%, gold is up $4 per ounce to $1,127, and oil is lower by a quarter to $42.35 per barrel after skying about 10% yesterday.
    • ETFs: SPY, QQQ, DIA, SH, SSO, SDS, VOO, IVV, UPRO, PSQ, SPXU, TQQQ, SPXL, RSP, QID, SQQQ, QLD, DOG, DXD, RWL, UDOW, EPS, SDOW, DDM, VFINX, BXUB, QQEW, QQQE, SPLX, SFLA, BXUC, QQXT, SPUU, UDPIX, OTPIX, RYARX
    | Fri, Aug. 28, 7:14 AM | 17 Comments
  • Thu, Aug. 27, 7:08 AM
    | Thu, Aug. 27, 7:08 AM | 21 Comments
  • Wed, Aug. 26, 7:05 AM
    | Wed, Aug. 26, 7:05 AM | 44 Comments
  • Mon, Aug. 24, 12:32 PM
    • Stocks are down about 1% (and the Nasdaq just -0.3% as some tech names turn green) -- a bad day on many occasions, but a major clawback from the Dow's 1,000-point-lower opening minutes today, with some more aggressive bargain hunting going on.
    • The Dow's down just 140 now. Advancers at the NYSE are up to just under 200, against nearly 3,000 trading in the red. Apple and Intel are the Dow reps that are in positive ground.
    • The VIX is around 37 after jumping near 50. Earlier, the NYSE invoked Rule 48 (allowing stocks to open without indications) for the first time since the Global Financial Crisis.
    • The dollar is still down against major currencies: -2.6% against yen, down 1.2% against the Swiss franc. The euro was up 1.6% against the dollar. Nymex WTI crude recovered a bit but is still down 3.9% to $38.87.
    • ETFs: SPY, QQQ, DIA, SH, SSO, SDS, VOO, IVV, UPRO, PSQ, SPXU, TQQQ, SPXL, RSP, QID, SQQQ, QLD, CRF, DOG, DXD, RWL, UDOW, EPS, SDOW, VV, USA, SCHX, DDM, VFINX, ZF, QQEW, QQQE, FEX, JKD, EEH, SPLX, SFLA, EQL, QQXT, IWL, SPUU, ERW, FWDD, ZLRG, SYE, UDPIX, SBUS, OTPIX, RYARX
    | Mon, Aug. 24, 12:32 PM | 51 Comments
  • Mon, Aug. 24, 3:23 AM
    • Following suit from Asian markets, European markets have opened more than 3% lower.
    • Germany's Dax tumbled below 10,000, down nearly 4.5%. The FTSE was down 3.8% in London.
    • The Shanghai exchange saw its worst day since 2007, with stocks tumbling 8.5% and more than 800 stocks hitting limit down -- 10% lower. The move wiped out its 2015 gains. In Hong Kong, the Hang Seng fell 6.5% toward its biggest decline since 2011.
    • While China's state council said yesterday it would allow pension funds to invest up to 30% of net assets in stocks, a speculated cut in required-reserve ratios didn't happen -- though it might not have stemmed the tide today in any case.
    • Related ETFs: SPY, QQQ, SH, DIA, SSO, SDS, PSQ, IVV, SPXU
    | Mon, Aug. 24, 3:23 AM | 10 Comments
  • Fri, Aug. 21, 4:14 PM
    • The major averages all plunged another 3%-plus to close the week.
    • The Dow (NYSEARCA:DIAlost 5.8% for the week - it's worst weekly stretch since September 2011 when the European debt crisis was at its peak and the U.S. had just been downgraded. The S&P 500 (NYSEARCA:SPYfell 5.5% - also its worst week since Sept. 2011. The Nasdaq (NASDAQ:QQQfell 6.7%, its worst week since Aug. 2011.
    • The Dow is lower by 7.6% YTD, the S&P 500 3.75%, and the Nasdaq 0.55%.
    • The 10-year Treasury yield slipped three basis points to 2.04%, its lowest print since before the summer, and oil briefly fell below $40 per barrel (it's back to $40.34 at pixel time).
    • Apple's (AAPL -6.1%) decline today put that stock 20% below its level of just one month ago, and the shares are in the red for the year to the tune of 4.2%. On a year-over-year basis, they're higher by 7.95%.
    | Fri, Aug. 21, 4:14 PM | 221 Comments
  • Fri, Aug. 21, 7:29 AM
    | Fri, Aug. 21, 7:29 AM | 22 Comments
  • Thu, Aug. 20, 7:13 AM
    • Shanghai continues to lead on the way down, falling another 3.4% overnight. At 3,664, the Shanghai Composite is either putting in what technicians like to call a double-bottom (the index plunged to about this level in early July, before bouncing), or set for new bear market lows. Shanghai topped at about 5,100 in early June.
    • Hong Kong fell 1.8% and the Nikkei 0.9%, and Europe's down more than 1% at midday.
    • U.S. stock index futures are off by 0.75% across the board.
    • The 10-year Treasury yield is down three basis points to 2.10%, gold is up 1% to $1,139 per ounce, and oil is threatening to drop below $40 per barrel, but hasn't done so yet - it's down 1.35% to $40.25.
    • ETFs: SPY, QQQ, DIA, SH, SSO, SDS, VOO, IVV, UPRO, PSQ, SPXU, TQQQ, SPXL, RSP, QID, SQQQ, QLD, DOG, DXD, RWL, UDOW, EPS, SDOW, DDM, VFINX, BXUB, QQEW, QQQE, SPLX, SFLA, BXUC, QQXT, SPUU, UDPIX, OTPIX, RYARX
    | Thu, Aug. 20, 7:13 AM | 13 Comments
  • Wed, Aug. 19, 2:16 PM
    • The averages bottomed out more than 1% lower just before noon, and have been given an extra charge from the FOMC minutes which at first glance show maybe a smaller-than-expected sentiment for an imminent rate hike.
    • The Dow (DIA -0.1%), S&P 500 (SPY -0.1%), and Nasdaq 100 (QQQ +0.1%) have all returned to nearly flat.
    • The 10-year Treasury yield fell as low at 2.13% in the aftermath of the minutes from 2.23 earlier in the session. The rebound in stocks, however, is drawing some money out of fixed income, and the yield has bounced back to 2.15%. TLT +0.4%, TBT -0.8%
    • Oil continues sharply lower, and is within a few cents of trading with a $39 handle.
    • Gold (GLD +1.1%)  has added to gains post-minutes, now up 1.2% on the session at $1,130 per ounce.
    • Previously: FOMC minutes: Getting closer to rate hike (Aug. 19)
    | Wed, Aug. 19, 2:16 PM | 34 Comments
  • Wed, Aug. 12, 7:05 AM
    • Beijing had to intervene to support the tumbling yuan overnight and the Shanghai Composite fell another 1.1%. Hong Kong dipped 2.4% and the Nikkei 1.6%.
    • Europe's adding to yesterday's big losses, down about another 2% at midday.
    • U.S. stock index futures are down 0.8% across the board.
    • Commodities, however, are seeing a modest bounce with crude oil up 1.7% to $43.82 per barrel, and gold up 0.9% to $1,118 per ounce.
    • The 10-year Treasury yield tumbled to as low as 2.04% overnight, but is now at 2.10% - still off four basis points on the session.
    • ETFs: SPY, QQQ, DIA, SH, SSO, SDS, VOO, IVV, UPRO, PSQ, SPXU, TQQQ, SPXL, RSP, QID, SQQQ, QLD, DOG, DXD, RWL, UDOW, EPS, SDOW, DDM, VFINX, BXUB, QQEW, QQQE, SPLX, SFLA, BXUC, QQXT, SPUU, UDPIX, OTPIX, RYARX
    | Wed, Aug. 12, 7:05 AM | 11 Comments
  • Tue, Aug. 11, 7:29 AM
    • Experienced hands will remember it wasn't too long ago when the yuan's inevitable rise against the dollar was as sure as sure things come. It's the greenback everyone seems to want of late, and Beijing last night surprised all (though a 5% gain in Shanghai the previous session suggests some were in the know) with a 2% "one-off" devaluation of yuan.
    • Oil is lower by 1.7% and gold higher by 0.6% following the action. The dollar is flat.
    • In equities, Shanghai closed flat, and Germany (NYSEARCA:EWG) - which found the products to one of its key export markets just got more expensive - is leading Europe lower, down 1.5%.
    • Dow and S&P 500 futures are down 0.5%, and Nasdaq 100 down 0.1%.
    • ETFs: SPY, QQQ, DIA, SH, SSO, SDS, VOO, IVV, UPRO, PSQ, SPXU, TQQQ, SPXL, RSP, QID, SQQQ, QLD, DOG, DXD, RWL, UDOW, EPS, SDOW, DDM, VFINX, BXUB, QQEW, QQQE, SPLX, SFLA, BXUC, QQXT, SPUU, UDPIX, OTPIX, RYARX
    | Tue, Aug. 11, 7:29 AM | 14 Comments
  • Fri, Aug. 7, 8:50 AM
    • A September rate hike just got more certain after the U.S. economy added 215K jobs in July and the unemployment rate held at 5.3%.
    • 10-year Treasury prices initially knee-jerked down after the print, but have returned to about flat. The yield is flat at 2.22%. TLT +0.4%, TBT -0.8%
    • The dollar spiked higher and has remained there. UUP +0.3%
    • Both gold (NYSEARCA:GLD) and oil (NYSEARCA:USO) have turned modestly lower since the report, and stock index futures (SPY, DIA, QQQ) have added to losses, now down about 0.35%.
    • Previously: Inline jobs number means September rate hike still likely (Aug. 7)
    • Previously: Jobs up 215K in July; UE rate flat at 5.3% (Aug. 7)
    | Fri, Aug. 7, 8:50 AM | 35 Comments
  • Wed, Jul. 29, 2:11 PM
    • As expected, the FOMC left rates unchanged, but didn't commit itself one way or the other to any action in September. This could be interpreted dovishly as one might suppose today's statement would begin to lay the groundwork for a September hike were that the Fed's intention.
    • The Dow (DIA +0.5%), S&P 500 (SPY +0.5%), and Nasdaq 100 (QQQ +0.1%) all added a few points in the immediate aftermath of the 2 ET statement, but have returned to levels seen before the news.
    • Treasurys continue to take on water, with the 10-year yield up five basis points on the session to 2.30%. TLT -0.6%, TBT +1.2%
    • Fed Funds futures are pricing in about a 1-in-3 chance of a 25 basis points move in September.
    | Wed, Jul. 29, 2:11 PM | 8 Comments
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