SPY News and Press, SPDR S&P 500 From 06/14/24

2024-06-14 11:39:32 ET Summary XLI has tracked the S&P500 closely over the last year, but has recently diverged. The divergence provides insight into some of the dynamics in the broader market. XLI could catch up with SPY in the coming weeks, depending on economic data. ...

2024-06-14 10:57:48 ET Summary Market volatility increasing due to snap elections in France, widening credit spreads across Europe. Spreads between French/German and Italian/German bonds widening, signaling global risk-off sentiment. US equity markets are driven by risk-taking...

2024-06-14 09:53:13 ET Wells Fargo argued that it sees the Federal Reserve stepping in and cutting rates twice in 2024 as the path to get back to 2% inflation is coming more into focus, with core inflation easing for the second consecutive month in May.... Read the full article on See...

2024-06-14 09:45:00 ET Summary One softer-than-expected monthly inflation reading didn’t stop Federal Reserve officials from delaying the expected start of interest rate cuts. After these surprisingly firm core PCE readings earlier this year, Fed officials confirmed that th...

2024-06-14 07:58:16 ET For the sixth week in seven, market participants were net buyers of fund assets, which included both exchange traded funds and conventional funds for the week ending June 5 as the financial community injected $39.4B into the space thanks in large part to money market ...

2024-06-14 07:25:00 ET Summary Trading activity on the Tradeweb European ETF marketplace reached EUR 47.4 billion in May. In May, trading activity in equity-based ETFs registered at 65% of the overall platform flow, while fixed income and commodities were at 27% and 8%, respective...

2024-06-14 07:15:00 ET Summary What makes the dollar's performance stand out is that it is taking place as US rates have fallen. The euro has been sold to almost $1.0670 and sterling has been pushed below $1.2700. In Japan, the BOJ made no change in its bond purchases, disappo...

2024-06-14 04:50:00 ET Summary The Federal Government publishes the spending and revenue numbers on a monthly basis. This was the second-largest May ever, only behind May 2020 during the very depths of the pandemic. On average, May experiences a deficit of -$127B, which makes ...

2024-06-14 03:26:51 ET Summary The Federal Reserve met in June, holding interest rates steady, pointing to one rate cut in 2024, and pushing their inflation forecasts higher. The meeting went as expected, with inflation remaining well above the Federal Reserve’s target rate...

2024-06-13 22:25:42 ET Summary The latest economic data came mixed when all things considered. Both bulls and bears are making arguments that make sense on paper. There is plenty of uncertainty, but volatility and volume are at historically low levels, which causes even more c...