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SPDR S&P 500 Trust ETF (SPY)

  • May. 7, 2013, 6:49 AM
    S&P 500 (SPY) futures +0.1% and Nasdaq 100 (QQQ) futures +0.2% following a major rally in Japan overnight and a solid rise midday in Europe (FEZ), +0.7%.
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  • May. 6, 2013, 8:40 AM
    Laszlo Birinyi ups his S&P 500 (SPY) target this year to 1,900, the index having already hit his original 1,600 guess. He says this year's bull market most resembles the patterns etched in 1982 and 1990, suggesting another 20% of upside. "In addition to the historical parallels, we still view sentiment as subdued and nowwhere approaching extremes."
  • May. 6, 2013, 7:27 AM
    The S&P 500 (SPY) is fairly valued, says Goldman, but opportunity lies in cyclicals (XLY, XLE, XLI, XLB) which are more undervalued vs. defensives (XLU, XLP, XLV, XTL) than at any time in the last 15 years. "Given the 4 P/E multiple point head start, even a slight valuation normalization should translate into outperformance of cyclicals over defensives during the next 12 months."
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  • May. 6, 2013, 7:12 AM
    Stock index futures (SPY, QQQ) are flat after last week's big gains. Asia was most higher following Friday's big rally in the States, but Europe - which already had its big gain on Friday - is lower by about 0.5%.
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  • May. 3, 2013, 12:54 PM
    Stocks remain sharply higher midday (SPY +1.2%), with the year's leaders - healthcare (XLV +0.7%), utilities (XLU +0.2%), and staples (XLP +0.7%) - lagging, and the year's laggers - industrials (XLI +2.1%), tech (XLK +1.1%), and energy (XLE +1.9%) - leading. Treasurys (TLT -2.1%) are suffering one of their worst days of the year, and broader fixed income (AGG -0.3%).
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  • May. 3, 2013, 8:43 AM
    Stock futures pop after the big NFP beat, SPY +0.8%, QQQ +0.7% premarket. The long bond dives, now down nearly a full point, TLT -1.2% premarket. Sporting losses earlier, the dollar moves into the green, UUP +0.4%. Nicely higher minutes ago, GLD -0.4%.
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  • May. 3, 2013, 7:07 AM
    S&P 500 (SPY) and Nasdaq 100 (QQQ) futures are about flat ahead of this morning's Nonfarm Payroll report.
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  • May. 2, 2013, 6:48 AM
    S&P 500 (SPY) futures +0.3%, Nasdaq 100 (QQQ) +0.3%, both pointing to at least an opening bounce after yesterday's slide. After opening solidly lower, Europe has pulled back to the flattish area as it awaits word from the ECB on a rate cut. The Stoxx 50 (FEZ) -0.05%.
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  • May. 1, 2013, 2:12 PM
    More FOMC: Other than the pledge to adjust QE as necessary, there's little changed language in the policy statement. The one dissenting vote is again KC Fed Chief Esther George. The S&P 500 is marginally higher now than before the statement, (SPY -0.7%). Treasurys (TLT +0.6%) lose a little ground, but the 10-year yield is sharply lower on the day, down 5 bps to 1.63%. The dollar (UUP -0.2%) remains down for the session.
  • May. 1, 2013, 10:16 AM
    More on the continued ISM decline: The guts look a little better as New Orders rose to 52.3 vs. 51.4 previously and Production moved to 53.5 from 52.2. The weakest numbers in the report are Inventories at 46.5 from 49.5 and Customers' Inventories at 44.5 from 47.5 - both suggesting a restocking is necessary. Stocks continue lower. S&P 500 (SPY -0.5%) and Nasdaq 100 (QQQ -0.3%), but Treasurys (TLT +0.7%) make new YTD lows in yield, the 10-year at 1.64%, the long bond at 2.84%.
  • May. 1, 2013, 6:47 AM
    S&P 500 (SPY) and Nasdaq 100 (QQQ) futures are flat ahead of a flood of economic data including ADP jobs and PMI. The rush of earnings reports continues.
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  • Apr. 30, 2013, 10:01 AM
    More on the Chicago PMI miss: The report looks to have been released early to a few as stocks started moving lower and the euro shooting higher just moments ahead of the official time. Production slipped to 49.9 from 51.8. New Orders 53.2 vs. 53. Backlogs 40.6 vs. 45. Employment 48.7 from 55.1. Supplier Deliveries 47.9 vs. 58. Prices paid 51 vs. 61. S&P 500 (SPY -0.3%). Bonds add to gains, (TLT +0.5%). (full report)
  • Apr. 30, 2013, 6:49 AM
    Futures give back the tiniest bit after yesterday's record close for the S&P 500, SPY -0.2%, QQQ -0.1% premarket. Most of Asia followed up on the U.S. rally, but Japan closed marginally lower as the yen strengthens to its highest level in a few weeks. Most of Europe is a bit lower after yesterday's big rally.
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  • Apr. 29, 2013, 10:40 AM
    Not confirming the nice move in the S&P (SPY) since March is the 10-year Treasury yield, today hitting another 2013 low of 1.65% (TLT +0.2%). Yields and stocks have move broadly together for years - especially so for the last year - but began to diverge about 2 months ago. Another notable divergence is the Russell 2000 (IWM) - trending lower for the last 6 weeks.
  • Apr. 29, 2013, 6:51 AM
    S&P 500 (SPY) futures +0.3% and Nasdaq 100 (QQQ) +0.4% as markets look to build on last week's big move higher. Overseas markets are mostly higher, with Europe (FEZ) +0.5%, led by Spain and Italy each up more than 1%.
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  • Apr. 26, 2013, 2:50 PM
    Markets are off their worst levels, but remain marginally lower a bit more than an hour before the bell. The Dow (DIA +0.1%) is actually in the green, helped by a big move in H-P on a recycling of the Icahn-buying rumor. Apple continues a decent post-earnings run, +2.2%. Nasdaq 100 (QQQ -0.2%). S&P 500 (SPY -0.1%).
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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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