SPY News and Press, SPDR S&P 500 From 06/30/24

2024-06-30 08:30:00 ET Summary Markets are still enjoying a soft landing, defined as a world in which inflation is drifting lower, even if still-sticky in key areas, the global economy and labour markets remain unencumbered, and monetary policy is on track to ease modestly. In bon...

2024-06-30 08:30:00 ET Summary Nvidia stock led the Magnificent Seven, delivering over 150% in total return YTD. Most of the Mag Seven outperformed the S&P 500 in the first half. Generative AI is also expected to strengthen the competitiveness of the biggest tech companies...

2024-06-30 08:10:00 ET Summary Central banks fueled the market rally earlier this year as they embraced optimism that inflation could decelerate without sacrificing growth. The Fed's decision to hold off on rate cuts is supported by resilient economic growth keeping inflation abov...

2024-06-30 08:00:00 ET Summary July brings new governments in the UK and France, a new European Commission, and China's Third Plenum session with expected measures to support the economy. The US policy mix stands out with loose fiscal policy and tight monetary policy, contributing...

2024-06-30 06:15:00 ET Summary US markets will have shortened trading hours on July 3rd and will be closed on July 4th, but will see a full slate of data, including Fed minutes and French and UK elections. US data flow includes ISM manufacturing, JOLTS, NFIB employment, and ADP em...

2024-06-30 06:00:00 ET Summary Inflation may be sailing toward trend, but uncertainties remain on the horizon for the economy and financial markets in the second half of the year. Macroeconomic backdrop is favorable for G10 bond markets, with slower nominal GDP growth enabling cen...

2024-06-30 02:02:00 ET Summary Oil prices are rising during the summer driving season, but Energy-sector stocks are lagging, with XLE and OIH poised for negative returns in Q2. The OIH ETF is underperforming the SPX & Crude Oil ETF, losing assets, and showing less impressive t...

2024-06-30 01:52:00 ET The Materials Select Sector SPDR Fund ETF ( NYSEARCA: XLB ), which tracks the S&P 500 materials sector, shed 4.7% in the second quarter of 2024, underperforming the broader S&P 500 index, which increased by 4.1% during the same period. The materials se...

2024-06-29 09:37:20 ET More on S&P 500 Index S&P 500 Earnings: June Payroll Report Next Friday Tech Stocks Soaring Into The Second Half, Leading The S&P 500 To New Highs This Doesn't End Well S&P 500's stellar H1 sputters in the homestretch am...

2024-06-29 09:00:00 ET More on the markets S&P 500's stellar H1 sputters in the homestretch amid concerns over breadth, valuation Catalyst Watch: Tesla deliveries, Constellation Brands earnings, and the June Jobs Report The PCE Report Suggests Three Rate Cuts Sta...