Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "NYSE Stock"


5 mentions found


The S&P 500 is sandwiched between two key technical levels, and the next phase of the bull market can't continue until a breakout occurs. Bank of America's Stephen Suttmeier outlined the key technical levels to watch on the S&P 500. AdvertisementAdvertisementThe S&P 500 is approaching a make-or-break moment that will determine whether or not the next phase of the bull market gets underway. Since 1928, the S&P 500 has delivered positive returns 74% of the time in December, with an average monthly return of 1.3%. "Monthly S&P 500 seasonality suggests buying weakness into September and October prior to a fourth-quarter and year-end rally," Suttmeier said.
Persons: Bank of America's Stephen Suttmeier, , Stephen Suttmeier, Suttmeier, seasonality Organizations: Bank of America's, Service, Bank of America
Several technical signals suggest that the stock market is nearing oversold territory, but that doesn't mean Wall Street is poised for a true rebound, according to Canaccord Genuity strategist Tony Dwyer. The Nasdaq Composite , S & P 500 and Dow Jones Industrial Average all closed below their 50-day moving average Tuesday. Within the S & P 500, more than 85% of stocks are below their own 50-day moving average, Dwyer said in a note to clients Wednesday. But those technical signals aren't enough to confidently buy the dip, Dwyer said. The recent rise in bond yields will put a cap on any short-term rebound, according to the strategist.
Persons: Canaccord, Tony Dwyer, Dwyer, — CNBC's Michael Bloom Organizations: Nasdaq, Dow Jones Industrial, U.S . Treasury, Treasury Locations: U.S
For the most part, the market has paid little attention, but this time the message seems to have hit home. Banks stocks have been weak, and even former leaders in industrials like Parker Hannifin have been down. Fewer than 50% of NYSE stocks are above their 200-day moving average. Energy stocks are up, but even they have been selling off in the last week, despite the rise of oil. "Rising interest rates have made commodities-related areas, from industrial metals to energy, interesting for the time being," Timmer noted.
Persons: Jerome Powell, Powell, Russell, Parker, Frank Gretz, Timmer, Lowry Organizations: UAW, Retail, Airlines, JETS, Transports, Banks, Nvidia, Marvell, AMD, Wellington, Commodities, Energy Locations: Banks, industrials, Taiwan, Wellington Shields, mused
The fund puts an equal amount of money into each stock in the S & P 500 and is rebalanced quarterly, diluting the effect of the biggest companies. Through Thursday, the RSP was up about 4.6% in June compared with 4.5% for the SPDR S & P 500 ETF Trust (SPY) . "Despite what many consider the market's limited participation, the A/D index for the S & P has reached an all-time high [recently]. Here is the full list of top five ETFs by fund flows over the past week, according to FactSet. Similarly, the Vanguard Intermediate-Term Corporate Bond ETF (VCIT) brought in more than $400 million over the past week.
Persons: it's, Wellington, Frank Gretz Organizations: Nvidia, Microsoft, RSP, Trust, Wellington Shields, Corporate
For most of the affected stocks, trading was halted 15 seconds after markets opened and resumed between five and 15 minutes later. An apparent glitch at the New York Stock Exchange on Tuesday briefly caused wild price swings and a temporary trading freeze in stocks of major companies such as Exxon Mobil Corp., McDonalds Corp. and Walmart Inc. The NYSE said in a notice to traders that it was investigating a reported issue with its opening auction, the critical process at 9:30 a.m. ET each day that determines the official, beginning-of-day prices for stocks listed on the exchange.
Total: 5