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Our global markets watchlist tracks nine prominent indexes from economies around the world.
Coinbase, which trades on the Nasdaq under the ticker symbol COIN, will replace Discover Financial.
Coinbase Global Inc. is joining the S&P 500 index next Monday, S&P Dow Jones Indices announced.
Coinbase is joining the S&P 500, replacing Discover Financial, which is being acquired. Shares of the crypto exchange soared in extended trading after the announcement.
Investors were breathing a sigh of relief on Monday as the S&P 500 was finally on pace to break back above a key technical level that may signal a resumption of a stock-market uptrend after a sharp selloff last month.
The S&P 500 is quietly pulling off a winning streak that even some bulls didn't see coming. For the second quarter in a row, the index has notched double-digit earnings growth – clocking in at 13.4% for the first quarter – leaving ETF investors in the SPDR S&P 500 ETF SPY, iShares Core S&P 500 ETF IVV and Vanguard S&P 500 ETF VOO with something to cheer about.
Last week featured a light economic calendar, with the Federal Reserve holding its benchmark interest rate steady for the third consecutive meeting as the main headline. Key data releases included the continued expansion of the U.S. services sector in April and a significant surge in the international trade deficit to a record high in March.
The US indices that I follow all seem to be showing the same thing, that we are going higher again. This is after the US/China announcement that we might be closer to an agreement than once originally thought.
Mike Wilson, Morgan Stanley CIO and chief U.S. equity strategist, joins 'Squawk Box' to discuss the latest market trends, impact of U.S.-China trade breakthrough, state of the economy, the Fed's interest rate outlook, and more.
The market's recent volatility, driven by tariff concerns, presents a buying opportunity for SPY, with expected double-digit gains by 2025. Despite a 19% drop, the S&P 500's improved valuation and continued earnings growth make it a strong long-term investment. Historical recovery patterns suggest a V-shape recovery, with potential catalysts like Fed rate cuts, tariff deals, and strong earnings from mega tech companies.