Latest news with #SPY
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
a day ago
- Business
- Yahoo
Tap Income ETFs Amid Trump Tariffs' Legal Trouble
U.S. stocks remained volatile as investors processed a renewed wave of tariff uncertainty. The turbulence followed a decision by a federal appeals court on May 29 to temporarily reinstate former President Trump's global tariffs. This move came just a day after a trade court had deemed many of the tariffs illegal. The temporary pause allows the appeals court time to fully review the case. The Trump administration is required to submit its legal briefings by June 9. In response to the appeals court's decision, the White House indicated it is ready to take the matter to the Supreme Court if necessary. Officials also mentioned exploring alternative ways to enforce the tariffs without depending on emergency powers. Despite the tariff uncertainty, there were some bright spots for investors during the week. Early signs of progress toward a U.S.-EU trade agreement helped buoy sentiment. Additionally, chipmaker NVIDIA's earnings report on May 28 drew significant market attention, offering insights into the tech sector's continued strength. Buying income-focused exchange traded funds (ETFs) amid the current economic and market uncertainty—especially related to tariffs, inflation, and potential legal battles—can be an intriguing move. Income ETFs typically focus on dividend-paying stocks, bonds, or a mix of income-generating assets. During times of market volatility, these products ensure regular source of current income. If capital appreciation is hard to come by, income ETFs allow investors to still generate a total return through dividends or bond coupon payments—even when stock prices stagnate or fall. Global tariffs may impact specific industries (e.g., manufacturing, tech) more than others. Income ETFs, especially those with diversified holdings across sectors, asset classes and geographies, help spread risk. During uncertain periods like tariff disputes or pending court rulings, high-growth stocks can be particularly volatile. Income ETFs, by contrast, generally exhibit lower volatility. Against this backdrop, below we highlight a few income ETFs. SPDR S&P 500 ETF Trust SPY is up 0.9% so far this year (as of May 29, 2025). The ETF yields 1.22% annually and charges 9 bps in fees. In comparison, the following income ETFs have either outperformed SPY or experienced minimal losses year-to-date. Amplify High Income ETF YYY – Yields 12.56% annually The underlying ISE High Income Index is comprised of 30 closed-end funds ranked highest overall by the ISE in three criteria: fund yield, discount to net asset value and liquidity. The ETF is down 1.6% so far this year. The expense ratio of the ETF is 3.56% annually. STF Tactical Growth & Income ETF TUGN – Yields 12.56% annually The ETF is a simple, rules-based approach to tactical asset allocation with monthly income. The tactical asset allocation engine of TUG is used to set the exposure to equities and fixed income while an active managed options strategy provides an additional income component. The fund charges 65 bps in fees. The fund is off 2.5% year-to-date. Global X Alternative Income ETF ALTY – Yields 8.21% annually The underlying Indxx SuperDividend Alternatives Index tracks the performance of among the highest dividend yielding securities in each category of alternative investments, as defined by the Index Sponsor. The fund charges 50 bps in fees. The fund is off 2.05% year to date. Arrow Dow Jones Global Yield ETF GYLD – Yields 11.93% annually The underlying Dow Jones Global Composite Yield Index seeks to identify the 150 highest yielding investable securities in the world within Equity, Sovereign Debt, Corporate Debt, Real estate & Global Alternatives. The fund charges 75 bps in fees. The fund is up 5.5% year to the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SPDR S&P 500 ETF (SPY): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
2 days ago
- Business
- Yahoo
Stock ETFs Volatile as Court Strikes Down Trump's Tariffs
Stock ETFs seesawed Wednesday after a federal court struck down a major chunk of President Donald Trump's tariff agenda, raising fresh uncertainty about the future of U.S. trade policy. The SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ) initially jumped on the news. SPY climbed nearly 1% at its intraday high, while QQQ rallied as much as 1.5%. But those gains evaporated by midday as investors processed the implications of the ruling and the likelihood that the administration would pursue other avenues to restore tariffs. Late Wednesday, a three-judge panel from the U.S. Court of International Trade unanimously ruled that several of Trump's sweeping tariff orders exceeded his authority under the International Emergency Economic Powers Act (IEEPA), a 1977 law that allows the president to regulate commerce in response to national emergencies. Specifically, the court invalidated a series of executive orders that imposed tariffs on Canadian, Mexican and Chinese imports—tariffs that had been justified as responses to emergencies like drug trafficking and trade deficits. The ruling also blocked a set of "reciprocal" tariffs targeting dozens of U.S. trading partners, which were slated to go into effect in July unless trade deals were reached. In its opinion, the court concluded that IEEPA does not grant the president unlimited power to impose tariffs. While the ruling doesn't affect tariffs imposed under other statutes—such as Section 232 of the Trade Expansion Act, which allows for duties on national security grounds—it does curb the use of emergency powers for broad trade restrictions. The Trump administration quickly signaled it would appeal the decision and indicated that it might turn to other authorities to reimpose similar tariffs. 'There are so many different authorities the administration can reach into to put it back together,' said Michael Zezas, head of fixed income and thematic research at Morgan Stanley, on Bloomberg TV. Peter Navarro, a top White House trade advisor, also indicated that other mechanisms remain available, though many are slower and more cumbersome than IEEPA. The back-and-forth left investors unsure how to interpret the ruling. While the court decision marked a temporary legal win for importers and trade groups challenging Trump's tariff regime, it didn't signal the end of tariff threats more broadly. As investors recalibrated their expectations about what the latest court ruling means for the economy, stock ETFs gave up their early gains. Both SPY and QQQ briefly turned negative before rebounding to trade modestly higher. For now, markets are waiting to see how the administration responds. Trump's tariff agenda, a cornerstone of his economic platform, is unlikely to disappear without a | © Copyright 2025 All rights reserved Sign in to access your portfolio
CNBC
2 days ago
- Business
- CNBC
A rough stretch for bonds may force some pension funds to sell stocks on Friday
The stock market is set to end May with strong returns, but that may actually work against equities on Friday. A note from the Goldman Sachs trading desk showed that U.S. pension funds are expected to sell $20 billion of equities as part of their month-end rebalancing. That total dollar value ranks in the 86th percentile for net buying or selling in similar rebalances since 2000, according to Goldman. The reason is many pension plans have target allocations for the relative value of their stock holdings versus other assets like bonds or private equity — a large scale version of the traditional 60/40 portfolio. And while stocks have had a banner month, bonds have struggled, meaning that some significant shifts are needed to bring the two groups back in balance when it comes to model portfolios. The SPDR S & P 500 ETF Trust (SPY) is up more than 6% month to date, while the iShares 20+ Year Treasury Bond ETF (TLT) is down nearly 4%. Short-term bonds have held up better, but even Vanguard's Short-Term Treasury ETF (VGSH) is still on track for a negative month. TLT 1M mountain Long-dated bonds have struggled in May. "We're not used to sort of seeing the volatility we've seen in bonds, as well, and especially when you're working with something like pension funds or on the institution side, these fund flows can be in the billions easily. And when you start to see those rebalances take shape rather quickly, it can definitely be a short- to intermediate-term needle mover," said Bret Kenwell, U.S. investment analyst at eToro. To be sure, the selling by pensions could be an opportunity for less rigid investors to buy. HSBC upgraded its view of U.S. stocks to neutral from underweight late Wednesday, in part because of light positioning among long-only investors. Friday could see a chance for some of those to jump back into stocks, especially if they are more confident after apparent progress on tariffs in recent weeks. "Whether it's the 90-days pause or whether it's pushing out deadlines with the EU or legal proceedings like we saw last night, I think there's this sort of belief on Wall Street that we've seen the worst of the tariff situation shake out and that we should continue to move toward continued de-escalation," Kenwell said. — CNBC's Michael Bloom contributed to this report.
