SPDR S&P 500 ETF Trust (SPY)

Where the ESG industry goes next after Trump-fueled selloff

The reelection of Donald Trump has introduced significant headwinds for the ESG industry, with potential regulatory and legal shifts that are expected to reshape corporate practices in the coming years, according to Jefferies analysts.

The firm said in a note Friday that one immediate concern for ESG investors will be rising legal risks.

Jefferies suggests that ESG fund managers might need to have legal experts on hand, as the risk of antitrust action and legal battles... More

Powell: Overall Inflation has Moved Much Closer to Goal

Powell: Overall Inflation has Moved Much Closer to Goal

Powell: Economy is Strong

Powell: Economy is Strong

Argentine President Milei To Meet With Donald Trump Next Week In The United States - Reuters

Argentine President Milei To Meet With Donald Trump Next Week In The United States - Reuters

US FOMC Statement

Recent indicators suggest that economic activity has continued to expand at a solid pace. Since earlier in the year, labor market conditions have generally eased, and the unemployment rate has moved up but remains low. Inflation has made progress toward the Committee's 2 percent objective but remains somewhat elevated.

The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the... More

U.S. Fed cuts interest rate to 4.50%-4.75%

U.S. Fed cuts interest rate to 4.50%-4.75%. Prior rate was 5%.

Wholesale Inventories (Sep F) -0.2% vs -0.1% Expected

Wholesale Inventories (Sep F) -0.2% vs -0.1% Expected

US weekly jobless claims rise marginally; unit labor costs stir inflation fears

By Lucia Mutikani

WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits rose slightly last week, suggesting no material change in the labor market and reinforcing views that hurricanes and strikes had resulted in job growth almost stalling in October.

Though the labor market is easing, wage pressures are not showing a significant cooling, casting a shadow over the inflation and interest rate outlook. Unit labor costs increased at a solid clip in the third quarter, other data from the Labor Department showed on Thursday.

Economists said the strong rise in labor costs,... More

Nonfarm Productivity (3Q P) 2.2% vs 2.5% Expected, Unit Labor Costs 1.9% vs 1%

Nonfarm Productivity (3Q P) 2.2% vs 2.5% Expected, Unit Labor Costs 1.9% vs 1%

Initial Jobless Claims 221K vs 222K Expected

Initial Jobless Claims 221K vs 222K Expected

Fed almost certain to cuts rate by 25 bps, but what does the post election future hold?

The Federal Reserve is widely expected to maintain its focus on current policy objectives as it concludes its meeting on Thursday, likely implementing another interest rate cut.

This anticipated move comes amid a complex economic backdrop, with moderating inflation and a cooling labor market.

Financial markets are largely pricing in a near-certain decision by the Feds Federal Open Market Committee (FOMC) to reduce the benchmark interest rate by 0.25%, aiming to "recalibrate" policy in line with the evolving economic landscape.

However, attention will soon shift to what lies ahead for Fed Chair Jerome Powell and his... More

Fed's Powell flags careful, patient approach after rate cut

By Howard Schneider and Ann Saphir

WASHINGTON (Reuters) -The Federal Reserve cut interest rates by a quarter of a percentage point on Thursday as its policymakers began taking stock of what could become a more complex economic landscape when President-elect Donald Trump takes office next year.

Fed Chair Jerome Powell said the results of Tuesday's presidential election, which paved the way for a U.S. chief executive who has pledged widespread deportation of immigrants, broad-based tariffs, and tax cuts, would have no "near-term" impact on U.S. monetary policy.

Powell said the Fed will continue... More

Stocks close higher after Fed cuts interest rates

By Chuck Mikolajczak

NEW YORK (Reuters) -U.S. stocks closed higher on Thursday, after the Federal Reserve announced a cut of 25 basis points (bps) in interest rates, extending a sharp rally sparked by Donald Trump's return as U.S. president.

The Fed cut interest rates by a quarter of a percentage point as policymakers took note of a job market that has "generally eased" while inflation continues to move toward the U.S. central bank's 2% target.

Markets had almost fully priced in a 25-basis-point rate cut for the November meeting and will now eye upcoming... More

Global S&P Futures mixed in premarket

Global S&P Futures mixed in premarket, Nikkei mixed, DAX up 1%, WTI Crude oil recently at $71, natural gas mixed, gold at $2669

Harris Called Trump to Concede Election - Washington Post

(Updated - November 6, 2024 1:41 PM EST)

Harris Called Trump to Concede Election - Washington Post

Harris plans to address supporters Wednesday afternoon at Howard University after calling Trump to concede.

SPDR S&P 500 ETF Trust (SPY) call put ratio 1 call to 1.4 puts into FOMC meeting as share price up 2%

SPDR S&P 500 ETF Trust (NYSE: SPY) 30-day option implied volatility is at 13; compared to its 52-week range of 10 to 29 into FOMC policy meeting.

Erste Sees Moderate Reaction in Credit Markets to US Election

Erste Sees Moderate Reaction in Credit Markets to US Election

The analyst comments "The first indications on the European corporate bond markets point to a moderate reaction to the outcome of the US election. Equity market volatility, as measured by the Deutsche Börse Volatility Index, and the synthetic 5Y High Yield CDS Index have remained in a downward trend since the beginning of this week. Monetary policy and fundamentals remain spread drivers Although the most immediate... More

MBA Mortgage Applications -10.8% vs -0.1% Prior

MBA Mortgage Applications -10.8% vs -0.1% Prior

BofA on US Election and Emerging Market Impact: 'We don’t think markets had clearly positioned for one outcome'

BofA on US Election and Emerging Market Impact: 'We dont think markets had clearly positioned for one outcome'

The analyst comments "Weve had more than 100 client meetings on the EM implications of the elections during the past month. Based on these we have some confidence in stating our views on the initial market reaction to the elections - if it will turn out to be validated by the final results - has still a lot of room to run. EM fund outflows are likely to materialise if trade war concerns become... More

Citi on Trump Win: 'We expect...lower inflation and policy rates in Europe'

Citi on Trump Win: 'We expect...lower inflation and policy rates in Europe'

The analyst comments "Already, the first Trump presidency had profound consequences for the EU, and the policy proposals presented and discussed during the campaign (see table at the end of this note) suggest a second... More

S&P 500 price target raised to 5830 at Wells Fargo

Wells Fargo strategist Chris Harvey: "Sell-the-News Is Over. Since our "sell-the-news" call at the October high, two things occurred: (1) the call became consensus; and (2) the SPX did trade down to its 50DMA on Monday, a level we had anticipated (-2.5% from the high). "Pain Trade" Is a Rotation. This year many outperforming portfolios have been aligned with Growth and Price Momentum factors. A broadening out of the market and a move down cap will be a challenge to many active managers as it was back in July. Buy the Election.... More

Donald Trump wins Wisconsin, now has votes to win - AP

Donald Trump wins Wisconsin, now has votes to win - AP

Global S&P Futures up in premarket

Global S&P Futures up in premarket, Nikkei up 2.6%, DAX mixed, WTI Crude oil recently at $70, natural gas mixed, gold at $2734

Stocks surge to record highs as Trump returns to presidency

By Chuck Mikolajczak

NEW YORK (Reuters) -U.S. stocks rallied sharply to close at record highs on Wednesday after Republican Donald Trump won the 2024 U.S. presidential election in a stunning comeback four years after being voted out of the White House.

The Dow Industrials, S&P 500 and Nasdaq Composite each ended at record levels with investors expecting lower taxes, deregulation and a U.S. president who is not shy to weigh in on everything from the stock market to the dollar, although fresh tariffs could bring challenges in the form of a higher deficit and inflation.

Traders trim bets on Fed rate cuts in 2025 as early election results tallied

(Reuters) - Traders trimmed bets Tuesday on Federal Reserve interest rate cuts next year, as early tallies for the U.S. presidential election rolled in through the evening. 

Traders of futures contracts tied to the Fed's policy rate continue to bet the Fed will cut the policy... More

SPDR S&P 500 ETF Trust (SPY) call put ratio 1 call to 1 put into elections and FOMC policy meeting

SPDR S&P 500 ETF Trust (NYSE: SPY) 30-day option implied volatility is at 11; compared to its 52-week range of 10 to 29 into elections and FOMC policy meeting.

ISM Services (Sep) 56 vs 53.8 Expected

ISM Services (Sep) 56 vs 53.8 Expected

S&P Global US Services PMI (Oct F) 55 vs 55.3 Expected, Composite 54.1 vs 54.3

S&P Global US Services PMI (Oct F) 55 vs 55.3 Expected, Composite 54.1 vs 54.3

Trade Balance (Sep) -$84.4B vs -$84B Expected

Trade Balance (Sep) -$84.4B vs -$84B Expected

Global S&P Futures mixed in premarket

Global S&P Futures mixed in premarket, Nikkei up 1%, DAX mixed, WTI Crude oil recently at $71.70, natural gas mixed, gold at $2747

Stocks jump on Election Day as investors eye outcome

By Chuck Mikolajczak

NEW YORK (Reuters) -U.S. stocks closed sharply higher in a broad rally on Tuesday after data signaled a solid economy, but investors braced for volatile trading this week as voting was underway in an extremely tight U.S. presidential election.

The Institute for Supply Management said its non-manufacturing purchasing managers index, a gauge of the services sector, accelerated to 56.0 last month, its highest since August 2022, from 54.9 the prior month and above the 53.8 expected by economists polled by Reuters.

The election outcome could take days to be finalized as the latest polls showed the... More

Stocks expected to have increasing option volume: TBT TLT SPY QQQ RUT IWM USO APO QSR YUM GFS HSIC VRTX PLTR

Stocks expected to have increasing option volume: TBT TLT SPY QQQ RUT IWM USO APO QSR YUM GFS HSIC VRTX PLTR