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SPDR S&P 500 Trust ETF (SPY)

  • 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%.
  • Jul. 5, 2013, 8:36 AM
    Treasury prices crumble following June's strong employment gain. In addition to May's 20K upward revision, April's print was revised higher by 50K to 199K. The 10-year Treasury yield is up to 2.63%. TLT -1.4%, TBT +2.9% premarket. Stock index futures, however, move to new session highs, SPY +1.4%, QQQ +1.2% premarket.
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  • Jul. 5, 2013, 7:14 AM
    While you were celebrating: Europe's monetary policy mandarins tilted dovish yesterday, spurring big stock market rallies. S&P 500 (SPY) and Nasdaq 100 (QQQ) futures are both up by about 0.9% ahead of 8:30's payroll report. Sterling is nearing a 3-year low and the euro about a one-year low. The 10-year Treasury yield is on the move higher at 2.55%.
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  • Jul. 5, 2013, 5:30 AM
    Some European indexes (FEZ) turn lower as the heady rush to the blood from Mario Draghi's comments yesterday wears off and some analysts provide critical analysis of his remarks, and as investors focus on the upcoming U.S. jobs data. "I think what we've seen once again is a commitment to nothing, and the markets have just taken the bait," says Alpari U.K.'s Craig Erlam. U.S. futures remain higher, though. EU Stoxx 50 -0.1%, London +0.3%, Paris -0.1%, Frankfurt flat, Milan -0.3%, Madrid -0.5%. Dow (DIA) +0.9%. S&P (SPY) +0.9%. Nasdaq (QQQ) +0.9%.
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  • Jul. 4, 2013, 9:23 AM
    More on Draghi press conference: European shares (FEZ) start flying, while U.S. stock futures add to gains, as Mario Draghi promises to leave the punch-bowl filled for a while to come, and joins new BOE Governor Mark Carney in providing forward guidance, blithely casting aside the ECB's previous policy of never pre-committing on rates. EU Stoxx 50 +2.3%, London +3.2%, Paris +2.2%, Frankfurt +2.1%, Madrid +2.6%, Milan +2.4%. S&P (SPY) +0.9%, Nasdaq (QQQ) +1.3%, Dow (DIA) +1.2%.
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  • Jul. 4, 2013, 8:30 AM
    U.S. stock futures are enjoying a nice Independence Day rally along with equity markets across the globe, boosted by Portugal's government doing its best to stay alive and the ousting of Mohamed Morsi in Egypt. S&P (SPY) +0.6%, Nasdaq (QQQ) +1.1%, Dow (DIA) +0.85%.
  • Jul. 3, 2013, 12:00 PM
    Stocks shake off a global selloff and turn higher an hour before today's early close, with the Dow (DIA +0.6%) and the Nasdaq 100 (QQQ +0.7%) outperforming a flat S&P 500 (SPY). The 10-year Treasury yield is flat at 2.48%.
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  • Jul. 3, 2013, 7:10 AM
    S&P 500 (SPY) and Nasdaq 100 (QQQ) futures each fall 0.6%, a minor move given declines elsewhere on the planet. "Austerity fatigue" has splintered Portugal's ruling coalition, and peripheral bond yields are sharply higher and stock markets sharply lower. Spain (EWP) is off 3%, Italy (EWI) off 2%. At the EU core, Germany (EWG) is down 1.7%. Reports of a planned coup in Egypt have markets rattled as well. Japan and China fell moderately overnight, but Hong Kong was off 2.5%.
  • Jul. 2, 2013, 2:38 PM
    Stocks slump to session lows about 90 minutes before the bell, the S&P 500 (SPY -0.4%) after being up more than 0.5% earlier. Leading the decline are near 2% drops Boeing, Microsoft, and GE. Showing particular strength are Apple and Ford. Treasury yields are slightly lower on the session, the 10-year at 2.48%.
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  • 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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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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