Latest news with #SPDRS&P500
Yahoo
a day ago
- Business
- Yahoo
SPY Attracts $2.3B as Nvidia Earnings Boost Markets
The SPDR S&P 500 ETF Trust (SPY) pulled in $2.3 billion on Thursday, increasing its total assets to just over $601 billion, according to data provided by FactSet. The massive inflows came as markets climbed, with the S&P 500 rising 0.4% after Nvidia Corp.'s (NVDA) strong quarterly results helped offset concerns over ongoing tariff policy uncertainty. The Invesco QQQ Trust (QQQ) attracted $2.2 billion as tech stocks rallied following Nvidia's earnings beat, while the Vanguard Information Technology ETF (VGT) gained $1.1 billion. The SPDR Gold Shares (GLD) pulled in $486.8 million, and the iShares Bitcoin Trust ETF (IBIT) added nearly $481 million. The SPDR Dow Jones Industrial Average ETF Trust (DIA) saw the largest outflows at $547.7 million despite the Dow gaining 117 points. The iShares Gold Trust (IAU) lost $311.3 million, while the Financial Select Sector SPDR Fund (XLF) experienced outflows of $290.8 million. U.S. equity ETFs dominated with $6.8 billion in inflows, while U.S. fixed income collected $1.7 billion. Overall, ETFs attracted $10.5 billion amid judicial developments surrounding President Donald Trump's reciprocal tariffs, though an appeals court reinstated the levies after a lower court initially vacated them. Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change SPY SPDR S&P 500 ETF Trust 2,262.57 601,099.28 0.38% QQQ Invesco QQQ Trust Series I 2,179.58 333,917.09 0.65% VGT Vanguard Information Technology ETF 1,124.23 86,733.51 1.30% GLD SPDR Gold Shares 486.75 98,687.67 0.49% IBIT iShares Bitcoin Trust ETF 480.96 71,308.81 0.67% LQD iShares iBoxx $ Investment Grade Corporate Bond ETF 363.60 30,606.26 1.19% SHLD Global X Defense Tech ETF 343.89 2,532.24 13.58% NULG Nuveen ESG Large-Cap Growth ETF 282.20 1,834.30 15.38% SMH VanEck Semiconductor ETF 278.66 22,411.78 1.24% QQQM Invesco NASDAQ 100 ETF 260.67 48,136.36 0.54% Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change DIA SPDR Dow Jones Industrial Average ETF Trust -547.72 37,789.82 -1.45% IAU iShares Gold Trust -311.25 45,816.00 -0.68% XLF Financial Select Sector SPDR Fund -290.82 49,505.06 -0.59% IVV iShares Core S&P 500 ETF -265.73 580,169.91 -0.05% RSP Invesco S&P 500 Equal Weight ETF -246.36 70,958.61 -0.35% EMXC iShares MSCI Emerging Markets ex China ETF -234.08 14,045.01 -1.67% BIL SPDR Bloomberg 1-3 Month T-Bill ETF -220.09 44,159.38 -0.50% IWF iShares Russell 1000 Growth ETF -179.30 105,048.71 -0.17% NVDL GraniteShares 2x Long NVDA Daily ETF -177.85 3,779.92 -4.71% EXI iShares Global Industrials ETF -152.45 898.68 -16.96% Net Flows ($, mm) AUM ($, mm) % of AUM Alternatives 1.18 9,967.31 0.01% Asset Allocation 73.06 24,665.24 0.30% Commodities ETFs 318.55 210,567.46 0.15% Currency 541.99 146,534.72 0.37% International Equity 1,084.98 1,781,749.56 0.06% International Fixed Income 148.14 289,989.85 0.05% Inverse -157.79 14,667.48 -1.08% Leveraged 8.16 119,293.57 0.01% US Equity 6,827.64 6,758,710.16 0.10% US Fixed Income 1,669.76 1,659,772.12 0.10% Total: 10,515.67 11,015,917.45 0.10% Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data are believed to be accurate; however, transient market data are often subject to subsequent revision and correction by the | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Trump Claims China Flouted Tariff Deal
SPDR S&P 500 ETF Trust (SPY) is in the red after former President Trump slammed China for totally violating a recent trade truce with the U.S. In a Truth Social post, Trump blasted Beijing for reneging on the mid-August tariff rollback agreement while U.S. officials have moved ahead with technology export controls and China has yet to meaningfully lift critical mineral restrictions. Treasury Secretary Scott Bessent told Fox News that negotiations are a bit stalled, and Trump urged direct talks between himself and President Xi Jinping to restore stability. Trump claimed his fast deal averted a deeper economic rout, but said China's non-compliance rendered his Mr. NICE GUY approach futile, warning that the high tariffs had crippled China's access to the U.S. market. The rhetoric rattled markets already wary of fresh trade tensions and came just weeks after both sides agreed to pause tariff hikes until mid-August. Investors should care because renewed discord could derail earnings forecasts for globally exposed companies and keep risk sentiment muted ahead of key economic data. With a mid-August tariff sunset approaching and tech restrictions ongoing, markets will track any bilateral outreach or fresh measures that could reshape global trade dynamics. Over the past three months, both the SPDR S&P 500 ETF Trust and Invesco QQQ Trust (NASDAQ:QQQ) have shown sluggish performance, with deep April drawdowns before rebounding in May. As of May 30, SPY is down about 6.75%, while QQQ has managed a modest 2.92% gain. The chart highlights volatility and uneven momentum across major equity benchmarks during this stretch. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
Wall Street Goes 24/7? Kraken's Bold Plan to Tokenize Tesla and Apple Shocks Markets
Kraken is gearing up to change how global investors access U.S. stocksby putting them on the blockchain. The U.S.-based crypto exchange will soon launch "xStocks," tokenized versions of over 50 popular equities and ETFs, including Tesla (NASDAQ:TSLA), Apple (NASDAQ:AAPL), Nvidia (NASDAQ:NVDA), and SPDR S&P 500 (SPY). These tokens will trade 24/7 on the Solana blockchain and initially be available to users in Europe, Latin America, Asia, and Africaexcluding the U.S. Kraken says this model could streamline access for investors who've long dealt with clunky settlement systems and high fees through local brokerages. Each xStock will be backed 1:1 by the underlying asset, held and managed by Kraken's partner, Backed Finance. The tokens are redeemable for cash value, and the company hopes this will help keep pricing aligned with real-time market movements. Kraken co-CEO Arjun Sethi noted that traditional cross-border investing is still burdened by friction, and this could be a more cost-effective workaround. If it works, tokenized stocks may not just give international investors easier accessthey might also open up new use cases like pledging tokenized Tesla shares as collateral for DeFi strategies. It's not the first time someone's tried this. Binance launched a similar product in 2021, only to shut it down after regulatory pushback. Kraken is taking a different route, actively engaging with regulators across various countries. The timing also aligns with broader conversations in Washington around crypto and tokenization. With firms like BlackRock and Robinhood now backing similar ideas, Kraken's launch could be more than a new productit might be a preview of where traditional finance is headed. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
19-05-2025
- Business
- Yahoo
Big Short Investor Michael Burry Bets Big on Market Decline
Hedge fund manager Michael Burry, famous for making millions betting against the mortgage market in 2008, is again counting on a market decline, this time with a focus on chips and China. Burry, whose risky investments were chronicled in the 2015 film The Big Short, purchased millions of dollars in puts that will turn profitable if stocks including Nvidia Corp. (NVDA), Baidu Inc. (BIDU) and others fall in value, according to an SEC filing made last week. The 13F filing summarizes first-quarter investments of $199.2 million and doesn't provide dates or details of the purchases. While Burry made more than $800 million for himself and other investors in 2008, according to published reports, recent investments suggest a mixed record of making money. He appears to have sold a Canadian physical gold ETF before gold soared to record prices this year. In 2023, he closed bets he made against the SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ) that appeared to have not paid off. Still, with President Donald Trump's tariff war raging and Moody's Ratings downgrade of U.S. debt, many experts and investors are cautioning markets remain vulnerable to declines that would make Burry's bets pay off. Besides Nvidia and Baidu, Scion purchases add up to bets against the Chinese internet economy. Burry is short Alibaba Group Holding (BABA), Inc. (JD), PDD Holdings Inc. (PDD) and Group (TCOM). Those stocks appear particularly vulnerable to a downturn amid the tariff war that President Trump is waging against China. The KraneShares CSI China Internet ETF (KWEB), which holds most of those stocks, has gained 14% over the past month. His only long bet is 200,000 shares in Estee Lauder Companies Inc. (EL). While that stock is down 13% this year, it's jumped 20% over the past month. Scion appears to have last held exchange-traded funds in last year's second quarter, when the firm held Japan-focused ETFs including the iShares MSCI Japan ETF (EWJ), along with SPY and QQQ | © Copyright 2025 All rights reserved Sign in to access your portfolio
Yahoo
16-05-2025
- Business
- Yahoo
The retail buy-the-dip move paid off. What that crowd of investors is doing now, according to JPMorgan.
A pullback is shaping up, as investors hunt fresh rationale to keep buying and excitement fades over the U.S.-China tariff pause. Retail will be in focus with data and Walmart earnings ahead. Timing stock market ups-and-downs is a tricky feat, but congratulations are in order for retail investors, who appear to have done well in recent weeks by tearing a page out of Warren Buffett's 'be-greedy-when-others-are-fearful' playbook. 'My wife says no': I'm 57 and ready to retire next year on $7,500 a month. Who's right? My wife and I paid off my stepdaughter's $415K mortgage in exchange for her house, but it's now worth $310K. Should we sue? My second wife says her 2 kids should inherit our estate, but I also have 2 kids. Is that fair? My husband and I spend more money on our daughter and her family than on my single son. Do we compensate him? 'We're not wealthy': My niece is marrying out of state and she has a honeymoon fund. Is that cheeky? 'The buy-the-dip strategy in early April has clearly paid off,' said a team of JPMorgan strategists led by Emma Wu. 'We estimate retail investors' portfolio is up 15.1% since April 8, closely aligning with the market performance of +15.8%.' Investors bought $50 billion in stocks as the market bounced from the S&P 500's SPX 52-week low of 4982.77 reached April 8, said the JPMorgan team. 'Notably, their buy-the-dip strategy and gradual buying during the subsequent rally (with a reduced pace) has historically been profitable,' said the strategists. That was the situation in 2020: retail buyers made some 31% from the March low to the June high, basically doubling the market performance, the JPMorgan said. Retail investors were the main driver behind the market rally in the last week of April, with institutional activity subdued and low positioning by momentum-trading commodity trading advisers. Their market share reached 36% in late April, versus a year-to-date average of 21% and long-term share of 12%. As for what that savvy bunch of traders has been up to lately, JPMorgan says a shift may be under way. Wu and her colleagues noted that Monday marked the first time they've seen profit-taking flow — $555 million — since the market recovery, with $2 billion profits taken on options and the 'largest outflow in history' for Nvidia NVDA, to the tune of $894 million. After Tuesday's softer-than-forecast inflation numbers, retail investors came back in, though at a slower pace. Inflows in the latest week were entirely driven by exchange-traded funds, chiefly broad market ones such as the SPDR S&P 500 ETF Trust SPY, said Wu and colleagues. They also saw a sector rotation: value to growth, small cap to large cap, healthcare to industrials, gold and silver to base metals, while demand for international equities remained a theme. Over the past week, investors took profits on Nvidia, Palantir PLTR and Tesla TSLA, with continued heavily selling of Apple AAPL since last July, though buying for other Magnificent 7 group names. U.S. stocks SPX DJIA COMP have opened lower, with Treasury yields BX:TMUBMUSD30Y BX:TMUBMUSD10Y dropping. Oil prices CL00 NQ00 are down nearly 3% on rising bets of a U.S.-Iran nuclear deal. . Key asset performance Last 5d 1m YTD 1y S&P 500 5892.58 4.64% 11.69% 0.19% 11.01% Nasdaq Composite 19,146.81 7.94% 17.41% -0.85% 14.36% 10-year Treasury 4.536 15.50 20.60 -4.00 15.50 Gold 3131.9 -7.14% -6.72% 18.66% 30.94% Oil 61.5 6.13% -0.71% -14.43% -22.02% Data: MarketWatch. Treasury yields change expressed in basis points Fed Chairman Jerome Powell has warned that inflation could be more volatile in future. He spoke just ahead of a big data drop that showed producer prices falling a bigger-than-forecast 0.5% and the most since the pandemic, though that won't last. April retail sales rose a scant 0.1% as expected, after a revised up 1.7% gain in May, while the latest weekly jobless claims held steady at 229,000. Due later, industrial production is scheduled for 9:15 a.m., followed by business inventories and a home builders confidence index at 10 a.m. Consumer bellwether Walmart WMT reported forecast-beating results and maintained its full-year outlook, but warned tariffs are pressuring prices. Shares have turned lower. China e-commerce group Alibaba BABA reported weaker-than-forecast results and shares are down. Deere DE reported an earnings beat and share are up, but it also trimmed guidance. UnitedHealth shares UNH are off 6% after a report of a DOJ probe. Foot Locker FL shares are up 80% after Dick's Sporting Goods DKS said it will buy the sneaker chain in a $2.4 billion deal, confirming a Wednesday report. Coinbase stock COIN is slipping after suffering a cyber attack after overseas workers were bribed to steal customer data. Cisco Systems CSCO posted an earnings beat on growing AI demand for networking products. CoreWeave CRWV is falling on disappointing guidance. At a news conference, President Donald Trump gave the kiss of death to the idea of a U.S. sovereign wealth fund. He also said India offered to drop tariffs on the U.S. to zero. Bags of cash from drug cartels flood teller windows at U.S. banks. Microsoft layoffs hit coders hardest with AI costs on the rise. As investors pile into private assets, this storied firm expects slowdown. Gold could be setting up for a 'spectacular fall,' as the U.S.-China tariff pause and talks planned between Russia and Ukraine take war risk out of commodity prices, said Ben Emons, founder of Fed Watch Advisors, in a Substack post. His chart shows gold and the Energy Select Sector SPDR XLE both pointing lower. 'Gold has 'crashed' before, such as in 2012-13 when the Euro crisis ended, and after 2020, resulting in a drawdown of 30 to 40 percent in each case. Secondly, there is energy, with XLE and WTI stopping short of the 50-day moving average, while the broader market remains in a risk-on momentum,' he said. These were the most active tickers on MarketWatch as of 6 a.m.: Ticker Security name NVDA Nvidia TSLA Tesla UNH UnitedHealth GME GameStop PLTR Palantir Technologies SMCI Super Micro Computer AAPL Apple AMD Advanced Micro Devices AMZN TSM Taiwan Semiconductor Manufacturing The real deal. Harvard Law School's $27.50 Magna Carta copy. Meet Buster and Geno, America's favorite pets. The Eurovision song contest won't let the European Union flag on stage. The retail buy-the-dip move paid off. What that crowd of investors is doing now, according to JPMorgan. These $5,000 bonds can help you fix a stock-heavy portfolio How Europe's best investor picks stocks including GE Aerospace and Microsoft I have $50,000 in credit-card debt after my divorce, but received $30,000 after a car wreck. Do I buy a used Lexus? 'I am scared to death that I'll run out of money': My wife and I are in our 50s and have $4.4 million. Can we retire early?
