XLB News and Press, Materials Select Sector SPDR

2024-07-17 11:30:00 ET Summary The U.S. Federal Reserve released June 2024 Industrial Production data, showing +0.64% growth, surpassing forecasted +0.30%. Industrial production has accelerated significantly in the past three months, from well-below average growth to well-above av...

2024-07-16 11:12:00 ET More on SPDR S&P 500 ETF Trust SPY: Data Indicates That There Is Little Potential For Appreciation S&P 500: Quantifying The Prospects For A Lost Decade SPY: Higher Multiples Are Justified Investors weigh effects of Trump shootin...

2024-07-15 19:11:48 ET More on the markets Fed Needs To Cut Rates Immediately Is The Fed Going To Cut Rates Soon? Guess Who Thinks So The 1-Minute Market Report July 12, 2024 Nasdaq, S&P, Dow end higher on first trading day since assassination attempt on ...

2024-07-15 19:06:39 ET Summary IYM is 1/10 the size of peer XLB, and there are many good reasons for that. Concentrating on the metals and mining industry within the basic materials sector can outperform the broader materials sector. We don't see an urgent use for IYM and rate...

2024-07-15 14:23:25 ET Albemarle ( ALB ) had over 15.5M shares sold short as of June 30, or 13.25% of the shares float. Wells Fargo earlier this month lowered its rating on Albemarle ( ALB ) to equal weight from overweight with a $100 price target, cut from $145, even a...

2024-07-15 10:15:02 ET More on S&P 500 Index: The 1-Minute Market Report July 12, 2024 S&P 500 Reaches New Heights As Likelihood Of Q3 2024 Rate Cut Rises Game-Changing CPI Report May Drive Big Rotation Towards Value And SmallCap Nasdaq, S&P, Dow ...

2024-07-13 16:24:00 ET It’s headlines like this that make one wonder: are we on the cusp of a recession?... Read the full article on Seeking Alpha For further details see: U.S. business bankruptcies hit highest level in 14 years in June: S&P Global

2024-07-12 16:52:00 ET The S&P 500 ( SP500 ) on Friday advanced 0.87% for the week to end at 5,615.35 points, posting gains in four out of five sessions. Its accompanying SPDR S&P 500 ETF Trust ( NYSEARCA: SPY ) added 0.96% for the week.... Read the fu...

2024-07-12 09:20:00 ET Summary We remain constructive on equities based on three general observations - investors’ renewed focus on corporate earnings, the gradual broadening of the stock market and the continuing global industrial rebound. In the near future, we expect fur...

2024-07-11 14:19:00 ET With the second-quarter earnings season around the corner, let’s take a closer look at the materials sector, which shed 4.7% in the April-June period, underperforming the broader stock market.... Read the full article on Seeking Alpha For further de...