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SPDR S&P 500 Trust ETF (SPY)

  • Jun. 7, 2013, 9:02 AM
    Stock index futures remain higher - the S&P 500 (SPY) +0.5% - but, be warned, Treasurys have decided the jobs number is a little fast for their liking. Higher earlier, TLT is now off 0.7%. The 10-year Treasury yield fell to 2.05% in the moments following the report, but has now jumped to 2.12%.
  • Jun. 7, 2013, 8:35 AM
    SPY +0.5% and QQQ +0.4% as the Nonfarm Payroll print doesn't show a blowout increase in jobs and unemployment actually ticked higher - perhaps pushing off the Fed's tapering for another quarter. Importantly, Treasury prices head higher (yields lower), TLT +0.3% premarket.
  • Jun. 7, 2013, 7:01 AM
    S&P 500 (SPY) and Nasdaq 100 (QQQ) futures are about unchanged ahead of this morning's employment report. Europe's mixed, but little-changed, and the Nikkei dove another 1.8% overnight.
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  • Jun. 6, 2013, 12:15 PM
    Stocks turn down at lunchtime, the Dow (DIA -0.3%), S&P 500 (SPY -0.2%), and Nasdaq 100 (QQQ -0.4%) all at session lows as some may be trimming positions ahead of what should be a vital employment report tomorrow morning. Long-term Treasury prices (TLT +0.4%) move to their highest levels in about 2 weeks.
  • Jun. 6, 2013, 7:52 AM
    It may be time to get ready for a reversal on stocks, says Bespoke, noting the S&P 500's (SPY) 10-day advance/decline line has plunged to an extreme oversold reading - a curious move given the index itself remains above its 50-day moving average.
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  • Jun. 6, 2013, 6:39 AM
    S&P 500 (SPY) futures +0.35% and Nasdaq 100 futures +0.2% following yesterday's big losses. Europe shrugs off the decline, the Stoxx 50 (FEZ) +0.5% ahead of the ECB meeting, while Asia was broadly lower to the tune of about 1%. The 10-year Treasury yield is off 1 bp to 2.08%.
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  • Jun. 5, 2013, 11:16 AM
    Stocks broadly tumble in late-morning trade, the S&P 500 (SPY -0.8%), the Nasdaq 100 (QQQ -0.8%), and the Dow (DIA, DOG) off triple-digits. The financial sector (XLF -1.3%) leads the way, headed by a 2.1% decline in Citigroup. Higher interest rates may be the worry, but the stock market's fall pretty much means they're not coming. The 10-year Treasury yield slips 3 bps to 2.10%. TLT +1%, TBT -1.8%.
  • Jun. 5, 2013, 8:22 AM
    Stock index futures shave a little from losses as Treasury prices rise following the weak ADP print. In addition to the soft 135K in job gains, April's increase is adjusted down by 6K to 113K. ADP's Carlos Rodriguez notes an increase of 5K construction jobs in May was offset by 6K jobs lost in manufacturing. SPY -0.2%, TLT +0.7% premarket. (full report)
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  • Jun. 5, 2013, 7:23 AM
    The S&P 500 (SPY) has another 15% upside this year, says Credit Suisse, lifting its year-end target to 1,730 from 1,640, and putting in place a modest forecast of 1,900 for 2014. Stocks remain cheap on a relative basis and earnings revisions have turned positive for the first time in year are among the reasons. Most important is too much pessimism over tapering. Central banks are still going to be expanding balance sheets, says the team, noting it took markets several months to peak after QE1 and QE2 ended.
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  • Jun. 5, 2013, 7:01 AM
    S&P 500 (SPY) futures -0.5% and Nasdaq 100 -0.4% following a 3.8% dive in the Nikkei overnight. Europe's Stoxx 50 (FEZ) is off by 1.2%. The 10-year Treasury yield falls 1 basis point to 2.12%.
  • Jun. 4, 2013, 1:47 PM
    Stocks turn notably lower in afternoon trade, the S&P 500 (SPY -0.7%), the Nasdaq 100 (QQQ -0.6%), and the Dow (DIA) off triple digits. Interest rates were higher earlier, but falling equities have given Treasurys a renewed bid. Posting sizable gains earlier, junk bonds (HYG, JNK) have returned to flat on the session.
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  • Jun. 4, 2013, 12:14 PM
    Popular dividend ETFs - HDV, VYM, VIG, SDY, DVY among them - have fared worse than the SPY as interest rates have risen of late. Credit Suisse narrows the risk down further, identifying 20 stocks with the biggest share of their float held by dividend ETFs. This basket includes Cincinnati Financial (CINF) and Pitney Bowes (PBI) and it's off 3.4% since Ben Bernanke's May testimony, twice as much as the broad market. We'll post the other 18 as they come available.
  • Jun. 4, 2013, 10:51 AM
    BNP's "Love-Panic Index" signals a correction ahead as it crossed into "love" territory a few weeks back. Past experience says to brace for an average 12% decline in the S&P (SPY) over the next 6 months. The biggest drivers of the recent move into "love" have been State Street's Investor Confidence, the CFTC's COT report, falling short interest, rising Nasdaq to NYSE trading volume, and small caps (IWM) outperformance over large caps (IWB).
  • Jun. 4, 2013, 6:55 AM
    Futures (SPY, QQQ) are flat following yesterday's modest rally. It looks like we're not going to be able to take our eye off U.S. interest rates for awhile, so Treasurys are modestly higher, with the 10-year yield at 2.13%.
  • Jun. 3, 2013, 10:15 AM
    The weak ISM report gives a boost to Treasurys (TLT +0.2%) - now reversing early losses - and in turn, stocks, the S&P 500 (SPY +0.3%). New Orders fell to 48.8 vs. 52.3 previously. Production 48.6 vs. 53.5, Employment steady at 50.1, Supplier deliveries 48.7 vs. 50.9, Prices about steady at 49.5, Backlogs 48 vs. 53. (full report)
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  • Jun. 3, 2013, 7:39 AM
    Markets must be getting close to a bottom if rising chatter about the dreaded Hindenburg Omen is as good of an indicator as it's been in the past. Still basking in glory from foreshadowing the 1987 crash, the indicator is typically a false alarm, now dubbed "a common pick-up line at permabear cocktail parties," by Barry Ritholtz.
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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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