US stocks down – 25-06-19

NEW YORK, JUNE 26, ARMENPRESS. USA main indexes values for 25 June:“Armenpress” reports the value of Dow Jones down by 0.67% to 26548.22 points, S&P 500 down by 0.95% to 2917.38 points, Nasdaq down by 1.51% to 7884.72 points.The Dow Jones Industrial Average is one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow. It measures the daily stock price movements of 30 large, publicly-owned U.S. companies.S&P 500 measures the performance of 500 widely held common stocks of large-cap U.S. companies.NASDAQ measures a number of indices reflecting the reaction of USA’s high tech markets and business environments on the country’s political and economic developments which have an impact on high tech markets.

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Shocker: The S&P 500 is underperforming the market

You constantly hear a drumbeat in the mainstream media: “Beat the market! Beat the market!”

But what if even the S&P 500 SPX, -0.95% one of the most widely followed benchmarks in the U.S., isn’t beating the market?

You may not think such a thing is possible. But the truth is that the S&P 500 is not “the market.” For one thing, it isn’t merely a cross-section of all listed stocks in the U.S. Nor does it simply select the 500 largest U.S. companies, as many people assume.

Instead, the 500 stocks in the index are determined by the Standard & Poor’s Index Committee. That’s a group of financial executives—including S&P employees, Wall Street Journal editors, and others—who write specific inclusion rules.

As shown in the accompanying graph, the S&P 500, including dividends, has been underperforming the so-called Total Market Index for over 18½ years. The total market in the U.S. consists of approximately 3,600 listed companies: large-cap, microcap, and everything in between.

As we’re constantly reminded by financial disclaimers and corporate prospectuses, you can’t directly buy an index. For this reason, the accompanying graph plots specific mutual funds that any investor could have easily purchased. For instance, the Vanguard Group has operated since Nov. 13, 2000, two trackers that serve our purpose here: the Vanguard 500 Index Fund VFIAX, -0.95% which follows the S&P 500, and the Total Stock Market Index Fund VTSAX, -0.93% which holds shares of approximately 3,600 companies. The company also offers equivalent ETFs: VOO VOO, -0.99%  since 2010 and VTI VTI, -0.95%  since 2001.

Using the prices of actual mutual funds automatically adjusts the graph, deducting the annual expense ratios that each fund collected along the way.

As MarketWatch columnist Mark Hulbert has written many times, it takes “at least 15 years” for a

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Buoyed up by upgrading, Kuwait stock exchange rings opening bell

(MENAFN – Kuwait News Agency (KUNA)) KUWAIT, June 26 (KUNA) — Kuwait’s stock exchange, known as Boursa Kuwait, rang the opening bell on Wednesday, marking being upgraded by Morgan Stanley (MSCI) as part of its main index of emergency markets.
Morgan Stanley (MSCI) announced on Tuesday upgrading of Boursa Kuwait as part of its main index of the emerging markets as of May 2020.
This is the third promotion of Boursa Kuwait after two similar steps taken by Britain’s FTSE Russell and Standard and Poor’s Dow Jones for international indices.
The forthcoming upgrading is expected to lure inflow of idle funds estimated at USD 2.8 billion.
The rise of Boursa Kuwait to the emerging markets began in 2017, when FTSE announced Kuwait’s promotion to man secondary indices of its index. (end)
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MENAFN2606201900710000ID1098686379

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Oil prices climb on reports of falling U.S. supplies

Oil prices climbed Wednesday on indications of falling U.S. crude supplies, with a key industry report due later.

August West Texas Intermediate crude CLQ19, +1.71% rose $1.27, or 2.2%, to $59.09 a barrel, after falling fractionally on Tuesday. The contract wrapped up trading Monday at $57.90, the highest front-month contract finish since May 29, according to Dow Jones Market Data. Prices rose 8.8% for last week, the biggest weekly percentage climb since the week ended Dec. 2, 2016.

International benchmark August Brent crude BRNQ19, +1.14% gained 90 cents, or 1.4%, to $66.05 a barrel. Brent rose 0.3% to $65.05 on Tuesday. Last Friday, the contract saw its highest close—at $65.20—since May 30 and gained more than 5% last week.

Late Tuesday, the American Petroleum Institute reported a 7.5 million-barrel drop in U.S. crude supplies for the week ended June 21, according to sources. It also reported a stockpile decline of 3.2 million barrels in gasoline, and a 160,000 barrels gain in distillate supplies.

The API data come ahead of Energy Information Administration supply data due later on Wednesday. The EIA data are expected to show crude inventories fell by 2.8 million barrels last week, according to a survey of analysts conducted by S&P Global Platts.

July gasoline RBN19, +3.03%  jumped 3.9% to $1.954 a gallon after that report. July natural gas NGN19, -0.39%  fell 0.4% to $2.299 per million British thermal units. July natural gas NGN19, -0.39%  fell 0.4% to $2.299 per million British thermal units.

Analysts at Citigroup said they “remain bullish oil in the near-term for fundamental and financial reasons, with $78 Brent on the horizon,” in a note to clients on Wednesday. “Inventories look to be falling briskly, OPEC+ is keeping production cuts in place perhaps into 2020, and geopolitical risk is high,” they said.

The Organization

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Bridgestone Group's Sustainability Report Details Environmental Success and Reports on Strengthened Sustainable Procurement Practices, Including Human Rights Protection

Bridgestone Group’s Sustainability Report Details Environmental Success and Reports on Strengthened Sustainable Procurement Practices, Including Human Rights Protection – Business News Today – EIN News

Trusted News Since 1995

A service for global professionals · Wednesday, June 26, 2019 · 489,046,682 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools News Topics Newsletters Press Releases Events & Conferences RSS Feeds Other Services Questions?

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Markets drop after Fed's Powell sounds down note

Technology and Internet companies led a broad slide for U.S. stocks Tuesday after discouraging economic data and cautionary remarks from the head of the Federal Reserve weighed on the market.

The sell-off marked the third straight loss for the market and the biggest drop this month for the Dow Jones Industrial Average and the S&P 500 index, which hit an all-time high only last week.

The S&P 500 index fell 27.97 points, or 1%, to 2,917.38. The Dow dropped 179.32 points, or 0.7%, to 26,548.22. The Nasdaq composite, which is heavily weighted with technology stocks, slid 120.98 points, or 1.5%, to 7,884.72.

The Russell 2000 index of smaller company stocks gave up 9.05 points, or 0.6%, to 1,521.04.

The market is coming off its third straight weekly gain. The benchmark S&P 500 index is about 1.3% below the record high it set on Thursday.

In an early afternoon speech Tuesday, Fed Chairman Jerome Powell noted that the economic outlook has become cloudier since early May amid uncertainty over trade and global growth. Earlier Tuesday, reports showed a decline in consumer confidence and more weakness in the housing market.

Powell said the Fed is reassessing its interest rate policy, though he did not commit to a rate cut. Separate comments from James Bullard, president of the Fed’s St. Louis regional bank, may have put a damper on the market’s expectations for big rate cut.

In an interview with Bloomberg Television, Bullard said a half-point rate cut — which many investors have been expecting — would be “overdone,” adding that a quarter-point cut would suffice to shield the economy from a slowdown.

“The risk is to the downside if they don’t cut [rates] when the markets are fully expecting it,” said Randy Frederick, vice president of trading & derivatives at Charles Schwab.

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Markets drop after Fed's Powell sounds down note

Technology and Internet companies led a broad slide for U.S. stocks Tuesday after discouraging economic data and cautionary remarks from the head of the Federal Reserve weighed on the market.

The sell-off marked the third straight loss for the market and the biggest drop this month for the Dow Jones Industrial Average and the S&P 500 index, which hit an all-time high only last week.

The S&P 500 index fell 27.97 points, or 1%, to 2,917.38. The Dow dropped 179.32 points, or 0.7%, to 26,548.22. The Nasdaq composite, which is heavily weighted with technology stocks, slid 120.98 points, or 1.5%, to 7,884.72.

The Russell 2000 index of smaller company stocks gave up 9.05 points, or 0.6%, to 1,521.04.

The market is coming off its third straight weekly gain. The benchmark S&P 500 index is about 1.3% below the record high it set on Thursday.

In an early afternoon speech Tuesday, Fed Chairman Jerome Powell noted that the economic outlook has become cloudier since early May amid uncertainty over trade and global growth. Earlier Tuesday, reports showed a decline in consumer confidence and more weakness in the housing market.

Powell said the Fed is reassessing its interest rate policy, though he did not commit to a rate cut. Separate comments from James Bullard, president of the Fed’s St. Louis regional bank, may have put a damper on the market’s expectations for big rate cut.

In an interview with Bloomberg Television, Bullard said a half-point rate cut — which many investors have been expecting — would be “overdone,” adding that a quarter-point cut would suffice to shield the economy from a slowdown.

“The risk is to the downside if they don’t cut [rates] when the markets are fully expecting it,” said Randy Frederick, vice president of trading & derivatives at Charles Schwab.

Read More Here...

Markets drop after Fed's Powell sounds down note

Technology and Internet companies led a broad slide for U.S. stocks Tuesday after discouraging economic data and cautionary remarks from the head of the Federal Reserve weighed on the market.

The sell-off marked the third straight loss for the market and the biggest drop this month for the Dow Jones Industrial Average and the S&P 500 index, which hit an all-time high only last week.

The S&P 500 index fell 27.97 points, or 1%, to 2,917.38. The Dow dropped 179.32 points, or 0.7%, to 26,548.22. The Nasdaq composite, which is heavily weighted with technology stocks, slid 120.98 points, or 1.5%, to 7,884.72.

The Russell 2000 index of smaller company stocks gave up 9.05 points, or 0.6%, to 1,521.04.

The market is coming off its third straight weekly gain. The benchmark S&P 500 index is about 1.3% below the record high it set on Thursday.

In an early afternoon speech Tuesday, Fed Chairman Jerome Powell noted that the economic outlook has become cloudier since early May amid uncertainty over trade and global growth. Earlier Tuesday, reports showed a decline in consumer confidence and more weakness in the housing market.

Powell said the Fed is reassessing its interest rate policy, though he did not commit to a rate cut. Separate comments from James Bullard, president of the Fed’s St. Louis regional bank, may have put a damper on the market’s expectations for big rate cut.

In an interview with Bloomberg Television, Bullard said a half-point rate cut — which many investors have been expecting — would be “overdone,” adding that a quarter-point cut would suffice to shield the economy from a slowdown.

“The risk is to the downside if they don’t cut [rates] when the markets are fully expecting it,” said Randy Frederick, vice president of trading & derivatives at Charles Schwab.

Read More Here...

Markets drop after Fed's Powell sounds down note

Technology and Internet companies led a broad slide for U.S. stocks Tuesday after discouraging economic data and cautionary remarks from the head of the Federal Reserve weighed on the market.

The sell-off marked the third straight loss for the market and the biggest drop this month for the Dow Jones Industrial Average and the S&P 500 index, which hit an all-time high only last week.

The S&P 500 index fell 27.97 points, or 1%, to 2,917.38. The Dow dropped 179.32 points, or 0.7%, to 26,548.22. The Nasdaq composite, which is heavily weighted with technology stocks, slid 120.98 points, or 1.5%, to 7,884.72.

The Russell 2000 index of smaller company stocks gave up 9.05 points, or 0.6%, to 1,521.04.

The market is coming off its third straight weekly gain. The benchmark S&P 500 index is about 1.3% below the record high it set on Thursday.

In an early afternoon speech Tuesday, Fed Chairman Jerome Powell noted that the economic outlook has become cloudier since early May amid uncertainty over trade and global growth. Earlier Tuesday, reports showed a decline in consumer confidence and more weakness in the housing market.

Powell said the Fed is reassessing its interest rate policy, though he did not commit to a rate cut. Separate comments from James Bullard, president of the Fed’s St. Louis regional bank, may have put a damper on the market’s expectations for big rate cut.

In an interview with Bloomberg Television, Bullard said a half-point rate cut — which many investors have been expecting — would be “overdone,” adding that a quarter-point cut would suffice to shield the economy from a slowdown.

“The risk is to the downside if they don’t cut [rates] when the markets are fully expecting it,” said Randy Frederick, vice president of trading & derivatives at Charles Schwab.

Read More Here...

Markets drop after Fed's Powell sounds down note

Technology and Internet companies led a broad slide for U.S. stocks Tuesday after discouraging economic data and cautionary remarks from the head of the Federal Reserve weighed on the market.

The sell-off marked the third straight loss for the market and the biggest drop this month for the Dow Jones Industrial Average and the S&P 500 index, which hit an all-time high only last week.

The S&P 500 index fell 27.97 points, or 1%, to 2,917.38. The Dow dropped 179.32 points, or 0.7%, to 26,548.22. The Nasdaq composite, which is heavily weighted with technology stocks, slid 120.98 points, or 1.5%, to 7,884.72.

The Russell 2000 index of smaller company stocks gave up 9.05 points, or 0.6%, to 1,521.04.

The market is coming off its third straight weekly gain. The benchmark S&P 500 index is about 1.3% below the record high it set on Thursday.

In an early afternoon speech Tuesday, Fed Chairman Jerome Powell noted that the economic outlook has become cloudier since early May amid uncertainty over trade and global growth. Earlier Tuesday, reports showed a decline in consumer confidence and more weakness in the housing market.

Powell said the Fed is reassessing its interest rate policy, though he did not commit to a rate cut. Separate comments from James Bullard, president of the Fed’s St. Louis regional bank, may have put a damper on the market’s expectations for big rate cut.

In an interview with Bloomberg Television, Bullard said a half-point rate cut — which many investors have been expecting — would be “overdone,” adding that a quarter-point cut would suffice to shield the economy from a slowdown.

“The risk is to the downside if they don’t cut [rates] when the markets are fully expecting it,” said Randy Frederick, vice president of trading & derivatives at Charles Schwab.

Read More Here...