No bull: More than two-thirds of the S&P 500's individual stocks are now either in a "correction" or a bear market. More than 350 companies out of the 500 tracked by the S&P 500 index have lost more than 10 percent of their value since hitting their 52-week highs, according to a recent analysis from Reuters. Within that group around 180 stocks are now in bear market territory, with their shares having lost more than 20 percent of their value since hitting their 52-week high. A bear market is one where stock prices decline at least 20 percent from their recent peak. A correction is when shares drop at least 10 percent from their recent highs. Shares on Thursday opened higher, regaining some of the ground lost earlier this week. For some investors, the slump in S&P 500 companies' shares is a bright red flag. Their chief concern is that U.S. and global economic growth has hit its high-water mark for the current business cycle and is already starting to … [Read more...] about The hidden bear market: Most S&P 500 stocks are in “correction”
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Dan Caplinger The Motley Fool Published 10:00 p.m. UTC Sep 1, 2018 The S&P 500 (SNPINDEX: ^GSPC) made news last month when it closed at an all-time high of 2,874.69. By doing so, the broad-based market benchmark set its first record since late January. It closed Friday at 2,901.52. Yet the S&P 500 is just one measure of the stock market. There are dozens of other gauges of market performance, and the different benchmarks that they track include different stocks that share common characteristics like size, industry, or geography. When you look more closely at some of these other indexes, you can see that some parts of the market have pushed sharply higher throughout the past seven months, while others have gotten left behind. On one hand, the Nasdaq Composite (NASDAQINDEX: ^IXIC) — up 8 percent — and the Russell 2000 (RUSSELLINDICES: ^RUT) — up 8.3 percent — have both seen extremely strong performance since January 26. For the … [Read more...] about S&P 500’s record high not even strongest market index showing in 2018: A Foolish Take
Twitter shares hit a three-year high following confirmation it will be added to the US benchmark S&P 500 from June 7. But will it stay in the index for long? The committee that decides which shares are included in the S&P 500 has given Twitter a very valuable “like”. The shares will be included in the most significant index in the world, forcing trackers and exchange-traded funds to buy the shares. Indeed, index funds tracking the S&P 500 have more than $700bn under management, according to research firm Lipper. Many of these will be buy shares on June 7, raising the possibility of a further bump in its share price. The news sent the micro-blogging site’s valuation up by 5% and the share hit a three-year high. The space in the index was created by the takeover of Monsanto by Germany’s Bayer. Another tech group, Netflix, will also be added to the S&P 100. However, whether the group stays in the index will depend on its future share-price … [Read more...] about Will Twitter’s place in the S&P 500 keep its shares buoyant?
Goal Hero Amber Barrett from Milford who scored Ireland’s winner against Slovakia in a vital world Cup 2019 Quailifer. REPUBLIC of Ireland striker Amber Barrett made nationwide headlines in April when her first international goal – a wonderful late strike against Slovakia – kept alive Ireland’s dream of qualifying for next year’s Women’s World Cup in France. The talented Milford student is part of the new generation of young players brought into the set-up by Ireland manager Colin Bell. Amber (22) joins up wih the rest of the squad in a training camp on Monday next ahead of crucial World Cup qualifying games home and away against Norway followed by what could be a huge home match against Northern Ireland on the final day in August. They began the campaign with a 2-0 derby win against Northern Ireland last September before winning 2-0 in Slovakia. The result of the competition so far came in the form of a 0-0 draw away to the current European … [Read more...] about Milford striker has Norwegians firmly in her sights
The new Amsterdam city government of GroenLinks, D66, PvdA and SP presented its coalition agreement on Thursday. "The coalition agreement is ambitious and will change things in the city", GroenLinks leader Rutger Groot Wassink said, according to Het Parool. "I always said: the city must become more sustainable, more honest and more democratic, and this agreement does that." Below are the main plans in the new coalition agreement, Het Parool reports: Housing Amsterdam will build 7,500 homes annually, 2,500 more than the ambition over the past period. 2,500 of the new homes will be social housing. The number of mid-income homes, with a maximum rent of 971 euros, will increase from 27,200 to 48 thousand by 2025. A total of 10,500 student homes will be built in and around Amsterdam in the coming four years. Half of the new homes in the free sector will go to Amsterdam residents leaving a home in Amsterdam. Teachers and nurses will be given priority more often. The Amsterdam … [Read more...] about Higher taxes, greener Amsterdam in new coalition agreement