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S&P 500 (^GSPC)

SNP - SNP Real Time Price. Currency in USD
2,991.77+36.32 (+1.23%)
At close: 5:20PM EDT
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Previous Close2,955.45
Open3,004.08
Volume3,355,998,857
Day's Range2,988.17 - 3,021.72
52 Week Range2,191.86 - 3,393.52
Avg. Volume6,263,505,806
  • Market Recap: Tuesday, May 26
    Yahoo Finance Video

    Market Recap: Tuesday, May 26

    On Tuesday, stocks finished higher, though they pared gains after Bloomberg report late in the session that the U.S. was?considering sanctioning Chinese officials and firms?over new national security efforts imposed on Hong Kong.

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  • How technology can help fight future pandemics
    Yahoo Finance Video

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  • Markets rally; Merck & Novavax move higher on vaccine hopes
    Yahoo Finance Video

    Markets rally; Merck & Novavax move higher on vaccine hopes

    Nela Richardson, Edward Jones Investment Strategist, joins Yahoo Finance's Alexis Christoforous and Brian Sozzi to discuss overall markets and what she is keeping a close watch on.

  • U.S. Futures, Europe Stocks Gain Amid EU Stimulus: Markets Wrap
    Bloomberg

    U.S. Futures, Europe Stocks Gain Amid EU Stimulus: Markets Wrap

    (Bloomberg) -- U.S. equity futures and European stocks advanced as the European Union put the final touches on a fiscal stimulus proposal to be funded via EU debt. The common currency swung to a gain.Contracts on the three main American equity gauges pointed to a firm opening on Wall Street. The Stoxx Europe 600 Index headed toward its third daily increase and Italy’s government bonds rose after an EU official confirmed the package would total as much as 750 billion euros ($823 billion), in an unprecedented push to overcome the region’s deepest recession in living memory.Meanwhile, Asian stocks closed mixed in wake of the latest Sino-American flare-up, and China’s yuan slipped, nearing its weakest level on record against the dollar. WTI crude oil was steady at about $34 a barrel in New York.The Trump administration is considering a range of sanctions to punish China for its crackdown on Hong Kong, people familiar with the matter said. For now though, investors seem to be taking the new friction with China in stride, driving a global equity benchmark to its highest level since early March, amid hopes that economies are beginning to recuperate after suffering a deep downturn. The EU’s long-anticipated blueprint will be presented later Wednesday.The recent equity rally “is an indication that investors are getting optimistic about the reopening of the economy and the drug-treatment development,” Katerina Simonetti, senior portfolio manager at UBS Private Wealth, said on Bloomberg TV. “We hope that it will eventually lead to a normalization in the market, but we have to keep an eye on the re-emergence of virus cases.”Elsewhere, Japanese equities advanced after Bloomberg reported that the Abe administration is compiling a new 117 trillion yen ($1.1 trillion) stimulus package. Shares in Hong Kong and Shanghai fell.Here are some key events coming up:Thursday brings the U.S. jobless claims reading for the week ended May 23.Federal Reserve Chairman Jerome Powell participates in a virtual discussion on Friday.Euro-area data due Friday is forecast to show consumer inflation fell to 0.1% on May from 0.4% the previous month.These are the main moves in markets:StocksFutures on the S&P 500 Index gained 1.2% as of 6:23 a.m. New York time.The Stoxx Europe 600 Index increased 0.7%.Germany’s DAX Index advanced 1.7%.The MSCI Asia Pacific Index climbed 0.4%.CurrenciesThe Bloomberg Dollar Spot Index declined 0.2%.The euro advanced 0.4% to $1.1026.The Japanese yen weakened 0.2% to 107.71 per dollar.The British pound was little changed at $1.233.BondsThe yield on 10-year Treasuries dipped less than one basis point to 0.69%.Germany’s 10-year yield dipped less than one basis point to -0.43%.Britain’s 10-year yield declined one basis point to 0.204%.CommoditiesWest Texas Intermediate crude dipped 1% to $34.01 a barrel.Gold weakened 0.2% to $1,707.44 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.?2020 Bloomberg L.P.

  • 3 Reasons to Buy Stocks Right Now
    Motley Fool

    3 Reasons to Buy Stocks Right Now

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  • Shanghai Stock Exchange Mulls First Revamp of Benchmark in 30 Years
    Bloomberg

    Shanghai Stock Exchange Mulls First Revamp of Benchmark in 30 Years

    (Bloomberg) -- The Shanghai Stock Exchange is considering the first overhaul of its benchmark index in three decades so that it better reflects China’s increasingly high-tech economy, according to people familiar with the matter.The exchange is planning to adjust the timing for newly listed stocks to be included in the index and remove some chronically loss-making shares, said two of the people, who asked not to be identified as the matter is private. As part of a long-term overhaul under consideration, the exchange may also calculate a company’s market value for the index based on its free float rather than total outstanding shares, said the people.The overhaul would bring the Shanghai index more in line with gauges like the S&P 500, which calculates market value based on the free float available for trading, as opposed to the total shares, which include closely held stock owned by insiders. Given the government control of many Chinese companies, the free float on stocks like the Industrial & Commercial Bank of China Ltd. is small.If approved, that shift could lead to increased weightings for technology and other new economy sectors and reduce financial services and energy, said two of the people. The bourse is also evaluating whether to include stocks listed on the tech-heavy STAR board into the index, and may create a separate gauge for STAR stocks, one of the people said.“There has been ages-long criticism that the Shanghai composite index did not reflect the real economy, which could be a problem given the number of investors and funds tracking it,” said Ge Shoujing, a senior analyst at the Reality Institute of Advanced Finance in Beijing.Changes to the methodology are still under review and will reflect market feedback, said the people. A representative from the exchange declined to comment.Range BoundLaunched in 1991, the Shanghai Stock Exchange Composite Index tracks 1,555 stocks on the bourse in China’s financial hub. The index has remained little changed, hovering around 3,000 points over the past 10 years while the S&P 500 Index has climbed more than 171%, partly because the China gauge hasn’t captured the country’s fast-growing new economy. Eight of the top 10 stocks in the index are financial or energy firms.“The revamp will finally break the curse of the Shanghai composite being perpetually stuck at 3,000, as retail investors like to joke about in dark humor,” said Wang Zhuo, fund manager at Shanghai Zhuozhu Investment Management Co. Ltd. He said it will “boost morale” of investors convinced that there’s no hope of making money from China stocks.Liquor giant Kweichow Moutai Co. tops the index weighting at 5.2%, while financial firms including Industrial & Commercial Bank of China and Agricultural Bank of China Ltd. make up more than a third of the weighting. The industrial sector, which includes PetroChina Co., makes up more than 16% of the capitalization-weighted index.One challenge for the exchange is the lack of big technology names. Most of the tech and internet giants in China, such as JD.com Inc., Tencent Holdings Ltd. and Alibaba Group Holding Ltd. trade in New York or Hong Kong.Hang Seng Revamps Benchmark Index to Open Door for Alibaba Li Xunlei, chief economist at Zhongtai Securities Co., said that the exchange should act “sooner rather than later” to consider revamping the index by including stocks traded on the STAR board and removing chronically loss-making firms. The STAR board of start-up technology stocks was launched by the exchange last year.Analysts also welcomed the potential change in listing requirements. Under current rules, companies can join the index on the 11th day after their initial public offering, meaning the index fails to capture their gains in the first few days of trading.“By the time they are included, these stocks have, or are close to peaking,” Wang said.The exchange will take steps to avoid a sudden rise or fall in the index as a result of the overhaul, said the people, adding that changes will be gradual with new entries added over time.Lags S&PAlthough the index has lagged behind U.S. benchmarks in the past decade, it has posted an annualized return of more than 11% since inception, topping the S&P 500 over the same period. The smaller CSI 300 Index, which tracks stocks in Shanghai and Shenzhen and is more widely followed by exchange-traded funds, also has about a 33% weighting in financial services.The Shanghai index review comes amid growing U.S.-China tensions that may result in more stringent rules for Chinese companies seeking to list in New York. Nasdaq Inc. is planning new rules that would make initial public offerings more difficult for some Chinese companies.The U.S. Senate meanwhile overwhelmingly approved legislation last week that could lead to Chinese companies such as Alibaba and Baidu Inc. being barred from listing on U.S. exchanges unless they can certify that they’re not under the control of a foreign government.(Adds analyst comment from fifth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.?2020 Bloomberg L.P.

  • Hong Kong unrest worries curb global shares rally
    Reuters

    Hong Kong unrest worries curb global shares rally

    Unrest in Hong Kong over Beijing's proposed national security laws weighed on global shares and oil prices on Wednesday, offsetting optimism about the re-opening of the world economy. Riot police fired pepper pellets on protesters in Hong Kong's main business district, rekindling concern about the protests seen last year that hit the territory's economy. MSCI's ex-Japan Asia-Pacific index fell 0.4%, as Hong Kong and mainland China shares extended declines.

  • Stock market news live updates: Stock futures little changed after S&P 500 closes at highest level since early March
    Yahoo Finance

    Stock market news live updates: Stock futures little changed after S&P 500 closes at highest level since early March

    Stock futures were little changed Tuesday evening at the start of the overnight session, taking a pause after the S&P 500 closed out at its highest level since March 5.

  • Why Goodyear Tire, American Axle, and Tenneco Popped Over 14% on Tuesday
    Motley Fool

    Why Goodyear Tire, American Axle, and Tenneco Popped Over 14% on Tuesday

    Shares of Goodyear Tire & Rubber (NASDAQ: GT), American Axle & Manufacturing (NYSE: AXL), and Tenneco (NYSE: TEN), all automotive parts suppliers and manufacturers, each jumped over 14% at one point Tuesday, following positive economic data that's renewing optimism for a reopening economy. The idea of states reopening more of their economies is a huge positive for the broader automotive industry. There were more positive data points: New home sales unexpectedly increased in April, and consumer confidence moved higher after two months of sharp declines -- all great news for the broader automotive industry, which has been hit hard by COVID-19.

  • Herjavec Shows One of the Best Ways to Utilize $50

    Herjavec Shows One of the Best Ways to Utilize $50

    For the first time in investing history, the amount of cash or financial background you have doesn’t matter.

  • Stock Rally Tempered by China Tensions; Oil Rises: Markets Wrap
    Bloomberg

    Stock Rally Tempered by China Tensions; Oil Rises: Markets Wrap

    (Bloomberg) -- U.S. stocks rose, but closed sharply off their highs after Bloomberg News reported that the Trump administration is considering sanctions on Chinese officials, threatening to escalate tensions between the world’s two largest economies.The S&P 500 ended up 1.2% at an 11-week high, giving up in the final half hour of trading almost 50% of gains that topped 2%. Stocks had soared earlier as investors poured back into risk assets on speculation the worst of the economic hit from the pandemic has passed. Megacap tech shares in the Nasdaq 100 fell on the day, while chipmakers exposed to China tumbled at the end of the session.Traders spent much of the day pouring into riskier pockets of the market as they played catch-up to a rally that pushed socks higher by as much as 35% from March lows, even as news over the long weekend brought signs of mounting tension with China. That bid faded after the report that the Treasury Department could impose controls on transactions and freeze assets of Chinese officials and businesses for implementing a new national security law that would curtail the rights and freedoms of Hong Kong citizens.Fresh economic data had showed that the easing of lockdown restrictions is boosting economic activity. The contours of the gains, with small-caps and energy shares leading, suggest investors who doubted its staying power are now targeting areas that have lagged behind so far. Large-cap tech shares, the group that lifted stocks from pandemic lows, trailed Tuesday.While economic data is still awful by virtually any historic comparison, a consensus among investors is building that the worst from the pandemic is over, easing fear that the rally was a bear trap destined to come undone. Now they will also contend with an increase in China tension that could threaten trade at a delicate time for the global recovery.Elsewhere, the Stoxx Europe 600 Index advanced, with travel stocks surging on reports that Germany plans to lift travel warnings for 31 European countries. The U.K. also announced steps toward getting back to business, sending the pound up by the most in almost a month.Japan led the equity advance in Asia as the world’s third-largest economy reopened, and shares rose in Hong Kong, which showed signs of stabilizing after weekend unrest. Treasuries slid after the three-day U.S. weekend, alongside Germany’s government debt.While investors’ spirits are being lifted by economic reopenings, there are also mounting signs that coronavirus infection rates are moderating. The Japanese government ended its nationwide state of emergency Monday, while Germany recorded a decline in the number of new virus cases. Signs that more euro area stimulus is on the way is also helping support the appetite for risk.“The narrative for markets is shifting somewhat, with hopes associated with the easing of lockdown measures in many countries and still very exaggerated hopes of a vaccine being found short-term, needing to be balanced against escalating U.S./China tensions,” said Marc Ostwald, chief economist and global strategist at ADM Investor Services.The euro strengthened ahead of negotiations this week on the form of a bloc-wide recovery fund. WTI crude oil advanced to around $34 a barrel on hopes the market may rebalance after historic output cuts.Here are some key events coming up:Earnings continue with companies including British Land, Royal Bank of Canada and HP Inc.Thursday brings the U.S. jobless claims reading for the week ended May 23.Federal Reserve Chairman Jerome Powell participates in a virtual discussion on Friday.These are the main moves in markets:StocksThe S&P 500 Index added 1.2% at 4 p.m. New York time.The Russell 2000 rose 2.8% and the Dow Jones Industrial Average jumped 2.1%The Stoxx Europe 600 Index climbed 1.1%.The MSCI Asia Pacific Index surged 2.3%.The MSCI Emerging Market Index surged 1.8%.CurrenciesThe Bloomberg Dollar Spot Index sank 1%.The euro rose 0.97% to $1.0991.The British pound surged 1.2% to $1.234.The Japanese yen strengthened 0.2% to 107.54 per dollar.BondsThe yield on 10-year Treasuries added threebasis points to 0.69%.Germany’s 10-year yield climbed seven basis points to -0.43%.Britain’s 10-year yield rose four basis point to 0.21%.Japan’s 10-year yield rose one basis point to 0.008%.CommoditiesWest Texas Intermediate crude gained 2.1% to $33.93 a barrel.Gold futures weakened 1.6% to $1,725 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.?2020 Bloomberg L.P.

  • Is Fomo Driving The Stock Market?
    Zacks

    Is Fomo Driving The Stock Market?

    Many people missed out on the rapid 35% S&P 500 V-shaped recovery these past 2 months and with state economies reopening, investors fear they will miss out on a further upside in the stock market

  • Risky Stock Trades Back in Fashion as Investors Play Catch-Up
    Bloomberg

    Risky Stock Trades Back in Fashion as Investors Play Catch-Up

    (Bloomberg) -- The megacap safety trade that has ruled stocks for months is slowly giving way to a broader embrace of risk among investors captivated by tentative signs of a turn in the economy.Small-cap stocks are back in vogue for hedge funds. ETFs tracking economically sensitive sectors are seeing large cash infusions. And investors are bailing from groups that had led the rally previously, among them health care.The positioning is a lens into broader market psychology, with everyone from tiny retail investors to institutions scrambling to get in front of economic reports they’re increasingly convinced show the economy has bottomed. A data dashboard tracked by Bloomberg is showing stabilization or slight improvements in mortgage applications, airline trips and filings for jobless benefits.“That’s where the opportunity is because those are the parts of the market that haven’t participated as much,” said David Spika, president of GuideStone Capital Management, which has about $12.5 billion under management. “The fear of missing out is definitely a big factor in this.”While economic data is still awful by any historical comparison, among investors, a consensus is clearly building that the worst is over. The positioning explains days like Tuesday, when the S&P 500 jumped 1.6% and an index of small caps rose 3.5%. With big groups like tech and health care holding steady, gains in more speculative categories are fueling a second leg of the recovery rally that has restored $6 trillion to share values since the March bottom.Companies, industries, and equity styles that were pummeled in the sell-off roared back after the holiday weekend. United Airlines Holdings Inc., Royal Caribbean Cruises Ltd and MGM Resorts International all surged at least 12% Tuesday. The KBW Bank Index jumped nearly 10%, the most since March 24, the day after stocks bottomed. A Dow Jones market neutral index of value stocks that reflects a portfolio that goes long the cheapest stocks and shorts growth shares rose almost 4.5% in its best day since at least 2002.The most famous benchmarks also felt the shift, with the Dow Jones Industrial Average, whose venerable Old Economy names have been a major drag on its returns, handily beating the S&P 500 and Nasdaq 100 on Tuesday. The Russell 2000 index of small-fry stocks is beating the S&P 500 by more than 3 percentage points this month, the most since May 2018.“People get more confident and look for things that haven’t made a move,” said Sandy Villere, portfolio manager at Villere Balanced Fund.Read more: Tracking the Recession -- High Frequency DashboardTo Jefferies’s Steven DeSanctis and Eric Lockenvitz, there’s historical precedent for these areas of the market to outperform once a recovery begins. With GDP set to sharply rebound next year, smaller companies could get a bigger boost both in earnings growth as well as returns, the strategists wrote in a note. Over the last 10 recessions, small caps have beaten large nine times, with average returns of 37% one year after the economic downturn ends versus 21% for large, they said.At Morgan Stanley Wealth Management, Lisa Shalett also favors cyclicals over defensives and value over growth plays. Shalett, the firm’s chief investment officer, says consumers could prove more resilient than expected, and recommends taking profits in high-flying names and rotating toward laggards. What matters for investors is the direction and rate of change of data, not the absolute levels, she wrote in a note.“Inflections and positive surprises in the macroeconomic data are quickly factored into earnings estimates, separating leaders from laggards,” she said. “In that vein, we expect the biggest positive surprises and rates of change to occur in classic early-cycle, consumer-related sectors.”ICYMI: The Myth of Oligarchic Dominance in the S&P 500 Recovery TradeHedge funds are starting to position for a comeback, too. After scaling back their short exposure in the Russell 2000 Index since late April, they turned long small-caps last week, data compiled by the Commodity Futures Trading Association released on Friday show. Speculators were short the group for nine consecutive weeks.Though exchange-traded funds tracking small-cap stocks have seen outflows this year due to their heightened credit risks, they could draw inflows from investors anticipating a recovery, according to Bloomberg Intelligence’s strategists including Morgan Barna. Already, Vanguard’s small-cap growth ETF, which goes by the ticker VBK, has seen nine straight weeks of inflows. Investors have also thrown money at funds tracking economically-sensitive sectors, with materials on track for the best month of inflows since November.Meantime, pockets that stood to benefit in recent weeks, including health care, are getting shunned. State Street’s health care fund XLV lost about $595 million last week in what was its largest weekly outflow since March 2019, Bloomberg data show.“The gains have been made so people are looking for somewhere else to rotate to, to the next area of recovery,” said Bob Phillips, managing principal at Spectrum Management Group.To Phillips, the fact that more areas of the market are participating in the recovery is a positive signal. “That’s broadening out the recovery across more and more stocks,” he said. “It adds to the overall breadth of the economy.”(A prior version of this story corrected the day of week to Tuesday in paragraphs four and six.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.?2020 Bloomberg L.P.

  • Bank Stocks?Are Either Cheap or Signal More Pain
    Bloomberg

    Bank Stocks?Are Either Cheap or Signal More Pain

    (Bloomberg Opinion) -- Something strange happened in the U.S. stock market on Tuesday.No, it wasn’t that the S&P 500 crossed 3,000 for the first time in almost three months, generating a yelp of joy from the White House and groans from Wall Street veterans who remain perplexed at the seeming disconnect between financial markets and the American economy.Rather, the most unusual?part of the latest rally is that bank shares clearly led the advance. As of?last week,?Bloomberg’s 18-company S&P 500 Banks Index was down more than 40% in 2020, trailing the?broader stock market by an almost unprecedented degree since the coronavirus pandemic?shut down the world’s largest economy. However, the index?soared 9% on Tuesday, far and away a bigger gain?than any of the other 23 industry groups.?A simple ratio of this?bank index to the broad S&P 500 shows the extent to which financials have been beaten down so far in 2020 relative to other segments of the stock market. The gauge fell on May 13 to a level seen only twice before in data going back three decades, both in March 2009. The banks swiftly rebounded in the following months as?the U.S. recession officially drew to a close in June of that year.As investors weigh the drastic gains?on Wall Street?against the backdrop of widespread unemployment and shuttered small businesses on Main Street, the performance of bank stocks may prove to be a crucial barometer of whether markets can sustain their?exuberance. Few analysts dispute that shares of financial companies are cheap on a relative basis —?but sometimes prices are depressed?for good?reasons. Inexpensiveness alone isn’t a compelling enough reason to expect banks to bounce back as they did in 2009. Instead, perhaps more than any other industry, a lasting rally will come down to investors’ conviction in a sharp and sustained economic recovery.Investors have a few obvious reasons to be wary of U.S. banks. For one, long-term?interest rates are near record lows while?traders have started to wager on negative short-term rates, even as Federal Reserve officials repeatedly question the policy. All this points to lower net interest income, a crucial metric that?reflects the spread between what a company earns on its loans and what it pays on its deposits. Meanwhile, large banks have already halted share buybacks, and minutes from April’s Federal Open Market Committee meeting revealed that policy makers are?debating whether they should also restrict their?ability to pay?dividends to shareholders during the pandemic.Whether those downsides merit a $1 trillion wipeout, akin to the 2008 financial crisis, is not so clear cut. As Bloomberg News’s?Lu Wang and Felice Maranz reported, at that time the financial industry’s earnings worsened for eight consecutive quarters, but analysts only expect?profit declines to?last half as long this time around. Banks are broadly considered to be well capitalized —?certainly much more than they were 12 years ago when they had to be bailed out by the?government. JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon expressed confidence in mid-April, when the outlook was even more uncertain than today,?that the biggest U.S. bank?can handle “really adverse consequences.”?He said on Tuesday that the U.S. could see a “fairly rapid recovery.”“The government has been pretty responsive, large companies have the wherewithal, hopefully we’re keeping the small ones alive,” he said at a virtual conference hosted by Deutsche Bank AG.It’s far too soon to declare an “all clear” on the economy, but it’s starting to look as if actions?from the Fed and Congress at least helped?the U.S. clear the low bar of avoiding?the worst-case scenario. The numbers are still awful, especially when it comes to unemployment, but data released Tuesday showed an unexpected increase in new-home sales in?April compared with those a month earlier. Broadly, Citigroup Inc.’s economic surprise index is off its lows, indicating that recent figures aren’t quite as bad as analysts expected.“The economic data have been so darn grim lately with job losses in the tens of millions that the green shoots of optimism from better consumer confidence and new home sales are welcome,”?Chris Rupkey, chief financial economist at MUFG Union Bank NA, wrote on Tuesday. “We still can’t see a V-shaped recovery, but at least this is looking like the shortest recession in history which will be measured in months not years.”If that’s the case, investors will likely look back on the past few weeks as a time when bank stocks became far too cheap compared with other parts of the market. Yet?Tuesday’s seemingly huge rally still leaves financial companies worth far less than before the pandemic, and it seems reasonable to expect they’ll remain that way for a while. After all, it’s anyone’s guess just how many loans will end up going bad and saddle banks with losses. There are far more moving parts to?JPMorgan’s bottom line than that of, say, Netflix Inc., which fell 3% on Tuesday, the most in almost a month.It’s never a good idea to read too much into one optimistic trading day, especially coming out of a U.S. holiday weekend in which many Americans probably got a taste of?“normal” pre-pandemic activities. But on its face, Tuesday looks as if it could be something of a turning point for bank shares. The follow-through will indicate if they were just too cheap to pass up, or if the economy truly is on the mend.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brian Chappatta is a Bloomberg Opinion columnist covering debt markets. He previously covered bonds for Bloomberg News. He is also a CFA charterholder.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.?2020 Bloomberg L.P.

  • Top Stock You Should Buy Today

    Top Stock You Should Buy Today

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  • 'Rally of hope': Why the S&P soared back past 3,000
    Reuters

    'Rally of hope': Why the S&P soared back past 3,000

    Unthinkable just two months ago as the world economy shut down in response to the coronavirus pandemic, the U.S. stock benchmark S&P 500 index broke through the psychologically-important 3,000 level on Tuesday, capping a 37% stock rally since its March low. It has been fuelled by extraordinary interventions by the Federal Reserve and other central banks, a $2 trillion (1.6 trillion pounds) stimulus passed by Congress, and hopes that the rapid development of a vaccine will mean that the worst of the damage from the global economic freeze has passed. "People have been locked up and when they see sparkles of hope like vaccines, that drives optimism probably ahead of where it should be and clearly ahead of the economy," said Richard Steinberg, chief market strategist at the Colony Group.

  • Why Small-Cap ETFs & Stocks Outperformed Last Week
    Zacks

    Why Small-Cap ETFs & Stocks Outperformed Last Week

    Given the improvements in domestic economy, small-cap stocks led the way higher last week.

  • Here's Why Wells Fargo, Bank of America, and Other Big Bank Stocks Are Higher on Tuesday
    Motley Fool

    Here's Why Wells Fargo, Bank of America, and Other Big Bank Stocks Are Higher on Tuesday

    The stock market opened sharply higher on Tuesday following the long Memorial Day weekend. Bank stocks were some of the strongest performers. Citigroup (NYSE: C) and Wells Fargo (NYSE: WFC) were leading the big U.S. banks, higher by 8.2% and 6.3%, respectively.

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  • E-mini S&P 500 Index (ES) Futures Technical Analysis – Trading on Strong Side of Key Fibonacci Level
    FX Empire

    E-mini S&P 500 Index (ES) Futures Technical Analysis – Trading on Strong Side of Key Fibonacci Level

    The direction of the June E-mini S&P; 500 Index the rest of the session on Tuesday is likely to be determined by trader reaction to 2989.50.

  • Zacks Investment Ideas feature highlights: Microsoft and Amazon
    Zacks

    Zacks Investment Ideas feature highlights: Microsoft and Amazon

    Zacks Investment Ideas feature highlights: Microsoft and Amazon

  • Man Who Bought AAPL at $1.42 Shares New Prediction

    Man Who Bought AAPL at $1.42 Shares New Prediction

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  • B&G Foods, Boot Barn, Royal Dutch Shell, TOTAL and BP highlighted as Zacks Bull and Bear of the Day
    Zacks

    B&G Foods, Boot Barn, Royal Dutch Shell, TOTAL and BP highlighted as Zacks Bull and Bear of the Day

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  • Coal Industry Outlook Appears Solid Despite Coronavirus Woes
    Zacks

    Coal Industry Outlook Appears Solid Despite Coronavirus Woes

    Coal Industry Outlook Appears Solid Despite Coronavirus Woes

  • These Are the Most Popular ETFs Since the Pandemic Started
    Motley Fool

    These Are the Most Popular ETFs Since the Pandemic Started

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  • Fear is Still on Holiday
    FX Empire

    Fear is Still on Holiday

    The heightened tensions between the US and China sapped risk-appetites before the weekend, but appear to be missing in action today.

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