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SPDR S&P 500 Trust ETF (SPY)

  • Jul. 2, 2013, 7:02 AM
    S&P 500 futures (SPY) +0.3% and Nasdaq 100 (QQQ) +0.4% as stocks look to tack onto yesterday's moderate rally. Japan continues its comeback, up 1.8% overnight, but Europe can't hold opening gains and is lower. Treasurys continue to cooperate, the 10-year yield off 3 bps to 2.45%.
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  • Jul. 1, 2013, 10:10 AM
    Stocks (SPY +1.2%), (QQQ +1.3%), (DIA +1.3%) move to session highs and Treasurys (TLT -0.3%) cut losses after the ISM print beat expectations, but employment - foremost in the Fed's mind - fell to 48.7 from 50.1 previously. Leading the index higher were New Orders rising to 51.9 from 48.6 and Production to 53.4 from 48.6. Supplier deliveries rose to 50 from 48.7, Backlogs fell to 46.5 from 48, and Prices rose to 52.5 from 49.5. (full report)
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  • Jul. 1, 2013, 7:06 AM
    S&P 500 (SPY) futures +0.4% and Nasdaq 100 (QQQ) futures +0.6% as stocks look to start Q3 with gains. Europe's moderately higher and Asia put in solid gains overnight. Treasury yields are higher, the 10-year now up to 2.52%.
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  • Jun. 28, 2013, 9:42 AM
    Up 14.7% heading into the session, the DJIA (DIA -0.4%) is headed for its best first-half performance since 1999 when it rose more than 19% (and finished the year ahead 25%). For Q2, the index is up 3.1%, the best since 2009. The Dow this year is also beating the S&P 500 (SPY) by about 150 basis points and the Nasdaq 100 (QQQ) by more than 500 basis points.
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  • Jun. 28, 2013, 8:55 AM
    Investors pulled about $20B from mutual funds and ETFs in the week ended Wednesday, according to Lipper, the largest outflows since August 2011 (amid the EU crisis and U.S. downgrade). Hit particularly hard in fixed income were munis (MUB) and investment-grade corporates (LQD). $6.6B was pulled from stock ETFs (VTI, SPY), but mutual funds saw net inflows as retail money stuck with the plan, but the hotter money generally in ETFs exited.
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  • Jun. 28, 2013, 6:49 AM
    S&P 500 (SPY) and Nasdaq 100 (QQQ) futures are off the highs, but remain slightly in the green, +0.2%. Severely chastised by the markets, the Fed has hurriedly backed away from all of that tapering talk. The Nikkei gained another 3.5% overnight and has quietly put together an 11% rally in June's last 2 weeks. Posting solid gains in early action, Europe has turned lower around lunchtime. The 10-year Treasury yield falls another basis point to 2.45%.
  • Jun. 27, 2013, 8:39 AM
    Stock futures add to gains - SPY +0.5% - following the inline jobless claims report, but - maybe more importantly - Treasury prices add to gains as well - TLT +0.8% and the 10-year yield falling back below 2.5%. In addition to the weekly decline of 9K, the 4-week moving average of claims fell 2.75K to 345,750.
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  • Jun. 27, 2013, 7:09 AM
    S&P 500 (SPY) and Nasdaq 100 (QQQ) futures are ahead 0.2% as the markets look to make it 3 consecutive days of gains. Europe is mixed, and China was flat while the Nikkei soared 3% overnight. Treasury prices continue to cooperate, the 10-year yield off 2 more bps to 2.51%.
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  • Jun. 26, 2013, 11:58 AM
    Don't settle on diversification, says BlackRock noting a traditionally diversified portfolio (60% SPY, 40% AGG) would have done decently over the last 15 years, but a truly diversified portfolio - 12% SPY, 12% mid-caps (IJH), 12% small caps (IJR), 12% MSCI EAFE (EFA), 12% emerging markets (EEM), and the rest fixed income (AGG, TLT, HYG) - would have done far better.
  • Jun. 26, 2013, 10:40 AM
    43 out of 45 global markets are oversold, according to BAML's "Breadth Buy" indicator. These extreme signals tend to be followed by a short-term 6-7% bounce, but, cautions chief investment strategist Michael Hartnett, a sustained rally would require a shift in policy behavior. What's more, the 2 markets not in oversold territory are the U.S. (SPY) and Japan (EWJ, DXJ) and they're kind of important. Most oversold: Brazil (EWZ), Turkey (TUR), South Africa (EZA), Mexico (EWW), Materials (XLB), China (FXI, CAF). Least oversold (in addition to the U.S. and Japan): Health Care (XLV, IYH), and Consumer Discretionary (XLY).
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  • Jun. 26, 2013, 8:42 AM
    More on Q1 GDP (third estimate): The big needle-mover in the sharp downward revision (to 1.8% from 2.4%) was a revision to personal consumption spending to 2.6% from 3.4%. Treasury prices are partying at the moment, but the Fed - for all its faults - at least tries to look forward. This morning's data is for Q1 and the calendar turns to Q3 in a few days. SPY +0.4%, QQQ +0.4% premarket.
  • Jun. 26, 2013, 7:14 AM
    Markets look to add to yesterday's rally, with S&P 500 (SPY) futures +0.4% and Nasdaq 100 (QQQ) +0.6%. China fell 0.4% overnight, but Hong Kong (EWH) posted a 2.4% rally and Europe is higher by about 2%. Treasurys are cooperating, the 10-year yield dipping 1 bp to 2.58%.
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  • Jun. 25, 2013, 10:08 AM
    More on Richmond Fed: The big gain was led by a jump in New Orders to 9 from -10 previously. Number of Employees 4 vs. 3. Average workweek 12 vs. -6. Expected hiring plans jumps to 13 from 4. The wave of solid economic news - Durable Goods, Case-Shiller, New Home Sales, Consumer Confidence - has taken the starch out of early bond market gains, TLT -0.3%, and the 10-year Treasury yield is up a couple of bps to 2.55%. Stocks back off a big early advance, the S&P 500 (SPY +0.5%).
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  • Jun. 25, 2013, 7:49 AM
    Short interest on S&P 500 (SPY) stocks fell to just 2.3% of outstanding shares last week, a 6-year low according to Markit. PNC's Bill Stone says short are so accustomed to losing money, they're wary of stepping in. Another interpretation may be the shorts - having banked some coin - covered their bets.
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  • Jun. 25, 2013, 7:00 AM
    S&P 500 (SPY) futures +0.4% and Nasdaq 100 (QQQ) +0.5% after China rallies to close about flat following an early near-4% dive. Treasury yields are cooperating, the 10-year down 4 bps to 2.53%.
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  • Jun. 24, 2013, 1:35 PM
    Dallas Fed chief Fisher warns the "feral hogs" of the markets about attacking Treasurys (TLT) or MBS (MBB, MORT, REM). "We haven't forgotten what happened to the BOE (Soros forced devaluation in 1992). I don't think anyone can break the Fed." The FOMC he says, he "fully understood" markets would react big to word QE could end next year. However, "I don't want to go from Wild Turkey to cold turkey overnight," says the prominent hawk. Markets look to be responding, the S&P (SPY -1.3%) cutting its losses and the 10-year Treasury yield returning down to 2.57%.
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SPY Description
The SPDR® S&P 500® ETF is a fund that, before expenses, generally corresponds to the price and yield performance of the S&P 500 Index. Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.
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