Broad U.S. Equity ETFs Archives - Page 62 of 81

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US Services Activity Expands For Fifth Month, But Shows Softening Demand

June 5, 10:35 AM

The ISM Services PMI declined from 51.9 in April 2023 to 50.3 in May, well below market expectations of 52.2, but still indicating the fifth consecutive month of expansion in the service sector.

SPY

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‘Buy China, Sell AI’ Is The Ultimate Contrarian Trade By This Top Wall Street Analyst: Find Out Why

By Piero Cingari

June 2, 4:09 PM

As investors continue to flock to technology firms on the back of the AI boom, contrarian investors on Wall Street are contemplating the next move to profit on setbacks from the current market euphoria.

AAPL

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US Labor Market On Fire: May Jobs Data Reveals Employment Boom, Steady Wage Growth, Putting The Fed On The Fence

By Piero Cingari

June 2, 8:48 AM

The U.S. labor market is hot and continues to show tight conditions, posing a difficult dilemma for the Federal Reserve regarding whether to raise interest rates further or hit the pause button.

SHY

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AI, Tech Fuel Rebound Of Vanguard Growth ETF, Eroding Value’s 2022 Outperformance

By Piero Cingari

June 1, 12:56 PM

The surge of artificial intelligence (AI), the supremacy of the internet giants and expectations of the Fed's tightening cycle nearing its end are propelling growth companies to outperform value stocks.

AAPL

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ETFs Flows to Watch: SPY Attracts Staggering $18B Inflows in May, The Highest Since December 2021, As Investors Jump On AI Rally

By Piero Cingari

June 1, 12:05 PM

The SPDR S&P 500 ETF Trust (ARCA: SPY) experienced an outstanding $18.1 billion in net inflows in May, the greatest flow performance since December 2021, when the fund received $25.6 billion, according to Koyfin data. The ETF is the world's biggest with approximately $400 billion in assets under management.

AAPL

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Booming ADP Employment, Stable Unemployment Claims Set Stage For Friday’s Key May Jobs Report

By Piero Cingari

June 1, 8:46 AM

The American labor market continues to demonstrate its strength, with the ADP reporting Thursday a notable and better-than-expected surge in private employment in May. Concurrently, the Department of Labor signaled a lower-than-anticipated rise in unemployment claims last week, further reinforcing healthy conditions in the job market.

ADP

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AI Vs. Wall Street: Week 3 Results Of The Benzinga ChatGPT Investment Challenge

By AJ Fabino

May 31, 3:54 PM

Welcome back to week three of Benzinga’s experiment — OpenAI’s ChatGPT vs top U.S. equity funds. If you’re…

QQQ

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‘Freight Recession,’ Persistent Job Tightness And Sticky Inflation: 3 Takeaways From The Fed’s May Beige Book

By Piero Cingari

May 31, 2:30 PM

The Federal Reserve's May Beige Book provides a qualitative assessment of economic conditions across the various Federal Reserve districts.

SPY

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AI Frenzy Helps Nasdaq 100 Outshine Russell 2,000 And Soar To Dot-Com Bubble Highs

By Piero Cingari

May 31, 10:38 AM

The surge of artificial intelligence (AI) is sparking a transformative shift in the relative valuations of prominent U.S. stock averages as the tech sector outperforms other industries and small-cap stocks.

AAPL

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Fed’s Favorite Inflation Gauge Rises More Than Expected In April: Market Expectations Increase For June Interest Rate Hike

By Piero Cingari

May 26, 8:48 AM

The Personal Consumption Expenditure (PCE) price index, the Federal Reserve's preferred measure of inflation, rose 4.4% year over year in April 2023, up from the 4.2% surge in March and above the expected 4.3% rise, the U.S.

SPY