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SPDR S&P 500 Trust ETF (SPY)

  • Jul. 17, 2013, 8:40 AM
    Stock futures gain some ground upon release of Bernanke's prepared Humphrey Hawkins testimony which suggests the Fed is ready to quickly back away from tapering, if necessary.  SPY and QQQ each +0.25% premarket. Treasury prices (TLT) erase early losses, now just slightly in the green. Gold (GLD) adds about $13, now up to $1,295/ounce.
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  • Jul. 17, 2013, 7:03 AM
    Stock index futures (SPY, QQQ, DIA) are little-changed ahead of Bernanke's Humphrey Hawkins testimony set to begin at 10 ET (his prepared remarks will be released at 8:30). Europe's moderately lower and Asia was mixed overnight. The 10-year Treasury yield is up 1 bp at 2.55%.
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  • Jul. 16, 2013, 6:47 AM
    Stock index futures (SPY, QQQ) are flat, the market maybe setting up for another day of quiet action. Europe is slightly lower and Asia nudged upward overnight. Gold's ahead again and eying $1,300 per ounce. The 10-year U.S. Treasury yield is off 1 basis point as 2.53%.
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  • Jul. 15, 2013, 12:22 PM
    BAML hikes its year-end S&P (SPY) target to 1,750, with the team noting a strict medium-term fundamental/valuation analysis calls for just a 1,720 target. Experience shows, however, that tactical, technical, and sentiment models need also be incorporated. Adding those in boosts the gauge to 1,750 compared to the current price of 1,682.
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  • Jul. 15, 2013, 8:53 AM
    Bond prices erase an early loss after retail sales - both headline and ex-autos - disappointed. In addition to the soft June print, May's gain was revised down to 0.5% from 0.6%. On a Y/Y basis, sales rose 5.7%. Auto sales Y/Y are 12.8% higher. Building supply sales Y/Y are 9.4% higher. TLT flat premarket, SPY adds a bit to gains, +0.2%. (full report)
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  • Jul. 15, 2013, 6:42 AM
    S&P 500 (SPY) and Nasdaq 100 (QQQ) futures are marginally in the green after last week's big move higher. Most world markets put in moderate rallies today with China's Q2 GDP print an as-expected 7.5% apparently a good enough excuse to hit the buy button. U.S. Treasury yields are up a couple of bps, the 10-year at 2.60%.
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  • Jul. 12, 2013, 6:41 AM
    S&P 500 (SPY) and Nasdaq 100 (QQQ) futures are each ahead by about 0.1% as stocks look to cap off a 3rd straight week of gains. Europe's mostly higher, and Asia was mixed, led on the downside by a 1.6% decline in Shanghai. U.S. Treasury yields continue to retreat in the wake of Bernanke's dovish remarks on Wednesday, the 10-year -5 bps to 2.53%. The 5-year's off another 4 bps to 1.35%.
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  • Jul. 11, 2013, 9:58 AM
    The S&P 500 (SPY +1%) at 1,670 and DJIA (DIA +0.9%) at 15,436 both surge past their record closing highs in early trade.
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  • Jul. 11, 2013, 6:54 AM
    S&P 500 (SPY) and Nasdaq 100 (QQQ) futures jump just under 1% after Bernanke sounded a little less hawkish in a Q&A last night than he did at his post-FOMC press conference 3 weeks ago. "Highly accommodative monetary policy for the foreseeable future is what's needed in the U.S. economy." Shanghai rose 3.2% overnight, and the Nikkei eked out a gain. Europe opened up big, but has come quite a way off the highs.
  • Jul. 10, 2013, 2:11 PM
    More on FOMC minutes: Nervous stock (SPY +0.2%) and bond markets (TLT -0.4%) erase at least part of their losses following meeting minutes which don't contain any hawkish leanings the markets didn't know about 3 weeks ago (the date of the meeting, policy statement, and Bernanke press conference). There's again mention of St. Louis Fed Jim Bullard's dovish dissent in which he feels the FOMC should signal more strongly its intent to defend the 2% inflation target from the downside. Gold (GLD +0.9%) gets a lift, continuing a multi-session bounce from below $1,200, now up to $1,259/oz.
  • Jul. 10, 2013, 7:09 AM
    A little red shows up in stocks for the first time in a few days, but just a little - S&P 500 (SPY) and Nasdaq 100 (QQQ) futures are each off about 0.15% as Europe slips moderately. Shanghai posted a 2.2% gain after weak Chinese trade data has traders thinking Beijing will take its foot off the brake and maybe even hit the gas pedal. U.S. Treasury prices are little-changed.
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  • Jul. 9, 2013, 6:55 AM
    S&P 500 (SPY) and Nasdaq 100 (QQQ) futures +0.3% following gains in Asia overnight and a small rally in Europe today. The big mover is the Nikkei (EWJ, DXJ), which tacked another 2.6% to what is becoming a significant bounce. The index is up about 18% in the past 4 weeks after a near-25% dive in the 3 weeks preceding. That move, of course, came after a meteoric near-doubling of the market in the previous months. Fans of fibonacci retracements should be having a ball.
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  • Jul. 8, 2013, 9:44 AM
    If small caps truly lead than it's good news for the broader market. The Russell 2000 (IWM) - which crossed over 1,000 for the first time ever on Friday - hit another all-time high in early trade today, +0.3% to 1,009. The index is outperforming the SPY by about 330 bps YTD, after widening its lead in the market bounce over the last 2 weeks.
  • Jul. 8, 2013, 7:10 AM
    Stocks look set to try and continue last week's rally as S&P 500 (SPY) and Nasdaq 100 (QQQ) futures gain 0.6%. Asia fell sharply overnight, led by Shanghai's 2.5% decline, but Europe is ahead by about 2%. 10-year U.S. Treasury yields are off a handful of bps to 2.69%.
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  • Jul. 6, 2013, 3:34 PM
    "With no recession in sight, we find it hard to make a bear case," says HSBC, noting that "the first tightening in a cycle … typically causes only a short-lived correction in stocks." The bank's global head of equity strategy Garry Evans says the combination of a "data dependent" taper, 10% earnings growth, and relatively conservative valuations makes for some attractive opportunities especially in financial stocks (XLF) which he says are cheap and poised for strong earnings momentum. HSBC also prefers U.S. equities (SPY, VTI) to other markets.
  • Jul. 5, 2013, 9:15 AM
    Stock index futures fall nearly 1% from their highs as they look over their shoulder and see soaring Treasury yields. The 10-year is now at a 2-year high of 2.69% while the 5-year at 1.58% has risen to about the level the 10-year was at a couple of months ago! Trading is no doubt somewhat thin with max bandwidth levels from favored vacation spots being tested. S&P 500 (SPY) +0.55%, Nasdaq (QQQ) 100 +0.4%.
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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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