The S&P 500 closed Thursday at 2,585.64, up 15.5% year-to-date, but did not set a new high this week, as its all-time intraday high of 2,597.02 was set on Nov. 7. Only four of the 11 sector ETFs are outperforming the average.
Recently, the alleged divergence between junk bonds and the equity market, has gained a lot of attention. There is very little reason to expect high yield bonds and the S&P 500 to be highly correlated. High yield, or junk bonds, have a much higher ...
Let's finally put this issue to rest for once and for all, this was never a Trump rally. Earnings season is coming to an end and the results have clearly beaten expectations, keeping stock prices elevated.
The S&P 500 index and other major averages were mixed even as Dow components Wal-Mart (WMT) and Cisco Systems (CSCO) skyrocketed on strong earnings and hopes that the titans will continue to transition into faster-growth markets.