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Market Volatility Drops; S&P 500 Settles Higher Following Economic Reports
Wednesday, June 28, 2023 - 5:40am | 326The S&P 500 settled higher on Tuesday, as investors assessed the recent economic reports. Sales of new single-family houses in the U.S. surged 12.2% month-over-month to an annualised rate of 763,000 in May. U.S. durable goods orders rose 1.7% month-over-month in May versus a revised 1.2% growth...
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Market Volatility Increases Sharply; S&P 500 Settles Lower
Tuesday, June 27, 2023 - 7:06am | 318The S&P 500 settled lower on Monday, after an attempted rebellion by Wagner Group mercenaries against Russian President Vladimir Putin over the weekend. Last week, the S&P 500 snapped its five-week winning rally, which was the longest since Nov. 2021. Lucid Group Inc (NASDAQ: LCID) shares...
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Market Volatility Increases; S&P 500 Snaps 5-Week Winning Streak
Monday, June 26, 2023 - 5:27am | 315The S&P 500 settled lower on Friday, following the recent Fed Chair Powell's comments suggesting further rate hikes are expected by the end of the year. The S&P 500 snapped its five-week winning rally, which was the longest since Nov. 2021. Financial markets are seeing around 74% chance...
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Market Volatility Falls Further Following Powell's Testimony; S&P 500 Records Gains
Friday, June 23, 2023 - 5:45am | 313The S&P 500 settled higher on Thursday following comments from Federal Reserve Chair Jerome Powell. The Fed chair stuck to the message delivered the day before to the House Financial Services Committee, stating that two further interest rate increases might be warranted if the economy performs...
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Market Volatility Drops Following Powell's Comments; S&P 500 Down For Third Straight Session
Thursday, June 22, 2023 - 5:59am | 319The S&P 500 settled lower on Wednesday following comments from Federal Reserve Chair Jerome Powell during his congressional testimony. Powell signaled that additional hikes may be forthcoming to bring inflation back to the Fed’s target. Powell will testify before the Senate Banking...
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CBOE Volatility Index Drops; S&P 500 Closes Lower
Wednesday, June 21, 2023 - 6:11am | 373The S&P 500 settled lower on Tuesday to start the holiday-shortened week. The Federal Reserve, last week, left rates unchanged at the 5%-5.25% range on Wednesday. Rivian Automotive, Inc. (NASDAQ: RIVN) shares gained 5.5% on Tuesday after the company announced it signed an agreement with Tesla...
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Market Volatility Decreases; S&P 500 Settles Lower
Tuesday, June 20, 2023 - 5:55am | 325The S&P 500 settled lower on Friday amid a decline in Microsoft Corporation (NASDAQ: MSFT) shares. The Federal Reserve left rates unchanged at the 5%-5.25% range on Wednesday. The central bank, meanwhile, signalled it would increase rates by another two times this year. NVIDIA Corporation (...
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Market Volatility Increases; S&P 500 Settles Higher After Economic Reports
Friday, June 16, 2023 - 6:08am | 336The S&P 500 settled at its highest level in fourteen months on Thursday as investors assessed economic data. Retail sales in the U.S. increased 0.3% month-over-month in May, topping market expectations for a 0.1% drop. U.S. jobless claims came in unchanged at 262,000 in the week ending June 10...
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Market Volatility Falls Further After Fed Keeps Rates Unchanged
Thursday, June 15, 2023 - 5:58am | 399The S&P 500 closed slightly higher on Wednesday after the Federal Reserve kept interest rates unchanged. The central bank, however, said that there could be two more rate hikes scheduled for later in the year. Traders now see a 63% chance that the Fed will increase interest rates in July....
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Market Volatility Drops Ahead Of Fed's Decision; S&P 500 Settles Higher
Wednesday, June 14, 2023 - 5:50am | 355The S&P 500 closed higher on Tuesday after data showed consumer prices increased modestly during the month of May. The consumer price inflation in the U.S. eased to 4.0% in May, recording the lowest level since March 2021 and compared to market estimates of 4.1%. On a monthly basis, consumer...
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Market Volatility Rises Sharply; S&P 500 Records Gain
Tuesday, June 13, 2023 - 5:30am | 368The S&P 500 and the Nasdaq climbed to their highest settlement levels since April 2022 on Monday. Investors are awaiting inflation report and the Fed’s interest rate decision. Traders are now seeing around 72% chance that the Federal Reserve will maintain interest rates at its meeting on...
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Options Dealer Vanna Exposure And Event Impacts: Greeks For The Week, June 12-16, With CPI, FOMC, ECB, And BoJ
Monday, June 12, 2023 - 2:47pm | 21969Using the individually categorized methods available in the Volland dashboard, let’s review option dealer positioning to analyze dealers’ hedging behavior on the S&P 500 Index (^SPX). What Is Vanna? The option greek vanna is the sensitivity of deltas (how much profit you can expect...
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Market Volatility Increases; S&P 500 Rises To New 2023 Highs
Monday, June 12, 2023 - 6:07am | 368The S&P 500 settled higher on Friday, surpassing the 4,300 level for the first time since August. The index also recorded gains for four weeks in a row. Traders are now seeing more than 71% chance that the Federal Reserve will maintain interest rates at its meeting on June 13-14. Data on...
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Market Volatility Drops To Record Lows Ahead Of Fed Decision; S&P 500 Settles Higher
Friday, June 9, 2023 - 6:20am | 323The S&P 500 settled higher on Thursday amid a recovery in tech stocks, ahead of key inflation data and the Fed’s policy meeting next week. Traders are now seeing around 73% chance that the Federal Reserve will maintain interest rates at its meeting on June 13-14. However, they see a 50%...
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Market Volatility Falls; S&P 500 Settles Lower
Thursday, June 8, 2023 - 5:35am | 325The S&P 500 settled lower on Wednesday, ahead of key inflation data and the Fed’s policy meeting next week. Traders are now seeing around 69% chance that the Federal Reserve will maintain interest rates at its upcoming meeting. Yext, Inc. (NYSE: YEXT) shares jumped over 38% on Wednesday...