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SPDR S&P 500 Trust ETF (SPY)

  • Jun. 20, 2013, 2:37 PM
    Stocks carve out new session lows 90 minutes before the bell, the Dow (DIA -1.9%) now off 300 points, but outperforming the S&P 500 (SPY -2.1%) and the Nasdaq 100 (QQQ -2.2%). Long-term Treasury yields have come off their peaks, but remain sharply higher, the 10-year at 2.43%. The 5-year (IEI, FIVZ, TBZ, VGIT) at 1.32% must be starting to look good to anyone who believes the Fed isn't hiking rates for another 2 years. The Dec 2015 Fed Funds futures contract is pricing in 100 bps of hikes between now and then.
  • Jun. 20, 2013, 11:44 AM
    Technicians are eying the S&P's (SPY -1.5%) breach today of its 50-day moving average. The 50-day line has held a number of times this year, putting chart-watchers in awe, writes Tomi Kilgore, but the unwritten rule says the more times a level is tested the more likely it is to break. Other ETFs of interest: IVE, SSO, IVV, SH, SDS, SPXU.
  • Jun. 20, 2013, 6:49 AM
    The post-FOMC slide looks set to continue at the open with S&P 500 (SPY) futures -0.9% and Nasdaq 100 (QQQ) -1%. Markets around the globe all closed sharply in the red overnight and Europe is off more than 2%. There's no flight to fixed income either, with the 10-year Treasury yield continuing to fly higher, now at 2.43%. TLT -1.9%, TBT +4.6% premarket.
  • Jun. 19, 2013, 2:49 PM
    Bernanke press conference: Should projections hold, Bernanke sees QE ending "around mid-year" 2014 and the unemployment rate being about 7% at that time. Responding to a question, he says the FOMC stands ready to quickly adjust - i.e. fire purchases back up - should it prove to have made a mistaken forecast. Stocks (SPY -0.5%) and Treasurys (TLT -1.2%) are at session lows.
  • Jun. 19, 2013, 2:13 PM
    Bond prices (TLT -0.7%) slip following the more upbeat assessment of the economy from the FOMC. Higher growth and lower unemployment projections spell maybe a quicker schedule for tapering and eventual tightening, but materially lower inflation expectations say the opposite. Stocks give up a bit of ground as well, the S&P 500 (SPY -0.3%). The dollar (UUP +0.3%) pops higher across the board.
  • Jun. 19, 2013, 10:53 AM
    "Sell in May and go into cyclicals," says Ralph Acampora after the last month. He reminds of an old adage saying sectors going down the least during a selloff become the new market leaders. During SPY's 5.2% decline from May 22-June 6, the best performers were Tech (XLK) and Industrials (XLI). The worst were Telecommunications (IYZ) and Utilities (XLU). This "rolling rotation" between sectors is necessary, he says, to give further life to the secular bull market begun in March 2009.
  • Jun. 19, 2013, 7:10 AM
    Stock index futures (SPY, QQQ) are little-changed after a big start to the week for stocks and ahead of the FOMC meeting results and Bernanke press conference this afternoon. Europe is marginally lower and the Nikkei gained 1.8% overnight. The 10-year Treasury yield is flat at 2.18%.
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  • Jun. 18, 2013, 6:40 AM
    Futures point to opening gains, the S&P 500 (SPY) and Nasdaq 100 (QQQ) both up 0.25% three hours before the bell. Most of Europe is moderately higher and Japan enjoyed a rare quiet session overnight. Treasury prices are flat ahead of the Fed beginning its 2-day meeting today.
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  • Jun. 17, 2013, 2:47 PM
    Stocks give up more than half of their earlier gains 75 minutes before the bell, the S&P 500 (SPY +0.4%). It's those interest rates again. Quiet for most of the day, rates began turning higher (TLT -0.4%) just after lunch, and the 10-year yield is now up 4 bps to 2.17%. Favorites of the dividend players, health care (XLV) and utilities (XLU) underperform - just flat on the session.
  • Jun. 17, 2013, 6:38 AM
    Stocks look to open the week with big gains, S&P 500 (SPY) futures +0.9% and Nasdaq 100 (QQQ) futures +1%. The Nikkei gained 2.7% overnight and Europe is sharply higher as well, the Stoxx 50 +1.6%.
  • Jun. 14, 2013, 11:08 AM
    The IMF cuts its 2014 U.S. GDP growth outlook to 2.7% from 3%. The organization cut its 2013 forecast for U.S. growth to 1.7% from 2% in April.
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  • Jun. 13, 2013, 3:49 PM
    Markets get another boost as a soothing Jon Hilsenrath piece hits reminding the Fed wants us to know a taper of asset purchases doesn't mean an end to asset purchases, and a hike in short-term interest rates isn't anywhere close to being on the radar at this point. S&P 500 (SPY +1.6%), Nasdaq 100 (QQQ +1.4%).
  • Jun. 13, 2013, 1:10 PM
    Treasury prices (TLT +0.6%) slide off the session highs as the 30-year auction prices the long bond at 3.355% vs. the when-issued yield of 3.324%. Stocks don't seem to mind, the S&P (SPY +0.7%) climbing to about the day's high.
  • Jun. 13, 2013, 9:20 AM
    Market preview: As if in gleeful relief after another torrid session in Asia, U.S. stock futures turn positive following decent weekly jobless and May retail sales data. S&P Mini (SPY) is +0.2%. Europe's still red, though, except for Italy. Safeway soars 19% following news that it's offloading its Canadian unit, while Gannett jumps 26% after it says it's buying a local TV station. Later: Bloomberg Consumer Comfort Index
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  • Jun. 13, 2013, 6:38 AM
    S&P 500 (SPY) futures slip 0.3% and Nasdaq 100 (QQQ) -0.3% as global markets continue to sell off. Europe's down less than 1%, but the real damage was in Asia, with the Nikkei off 6.4%, Shangahi down 2.8%, and the Hang Seng -2.2%. U.S. Treasury yields helpfully back up a bit, the 10-year off 5 bps to 2.18%. TLT +0.9% premarket.
  • Jun. 12, 2013, 6:48 AM
    Stock index futures point to an opening rebound, the S&P 500 (SPY) +0.5% and Nasdaq 100 (QQQ) +0.4%. After a near 2.5% dive early, the Nikkei ended up losing just 0.5% overnight, and Europe is moderately in the green.
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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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