SPY News and Press, SPDR S&P 500 From 06/07/24

2024-06-07 13:48:32 ET Summary Nonfarm Payrolls in May exceeded expectations, growing by 272,000 jobs and surprising economists. The strong payroll and hourly earnings data may temper hopes for Fed rate cuts and raise concerns about inflation. Certain details in the report rai...

2024-06-07 12:51:59 ET More on the markets London to flex AI ties just as Nvidia becomes rare $3T company Nvidia Stock: Don't Burn Your Hands Buying The Peak Microsoft's partnership with OpenAI makes it premier AI platform: Oppenheimer Apple: Does Not Create ...

2024-06-07 11:35:00 ET Summary US May non-farm payrolls came in at 272k versus the 180k consensus. The gains were once again led by the usual suspects of private education & health services, leisure & hospitality, and government. The unemployment rate has gone from 3.4...

2024-06-07 09:50:46 ET Summary Job growth in May surged past expectations, according to the Labor Department's monthly release. Gains were broad-based, with multiple sectors reporting growth exceeding their monthly averages over the last twelve months. The unemployment rate hi...

2024-06-07 09:50:45 ET Citi Research spotlighted on Friday that the investment community was overall net buyers of fund assets for the week that ended on June 5, as exchange traded funds observed a positive week of inflows.... Read the full article on Seeking Alpha For further d...

2024-06-07 09:45:00 ET Summary 272,000 jobs were created in May, exceeding expectations of 180,000. The Unemployment rate rose to 4% from 3.9% - the highest since early 2022. Wage growth increased by 0.4% sequentially, reaching a 4.1% year-on-year increase, both above estimate...

2024-06-07 09:16:55 ET Summary I delve deeper into the VanEck Morningstar Wide Moat ETF (MOAT ETF) and its underlying index. I present comparisons of key fund metrics to explain why MOAT ETF is a potential alternative to ETFs tracking the S&P 500. I conclude my analysis wi...

2024-06-07 09:00:00 ET Summary Luke Lloyd, Wealth Advisor and Investment Strategist at Strategic Wealth Partners, starts by outlining the implications of the federal government adding $1 trillion in new debt every 100 days, plus consumers racking up' Phantom Debt' via 'Buy Now, Pay La...

2024-06-07 09:00:00 ET Summary Investors are watching the upcoming Consumer Price Index (CPI) report to anticipate the Federal Reserve's actions. The Bank of Canada has cut rates, making it the first G7 nation to do so after raising rates for four years; the ECB followed on Thursd...

2024-06-07 09:00:00 ET Summary 40% of the S&P 500's return in the past year was driven by only 5 stocks. 80% of the S&P 500's return was driven by only 65 stocks. This is a moment for Baby Boomers to "take stock" of the S&P 500. I break things down in this article....