Market rebound hints at new volatility for S&P 500
After a 12 percent May drop, the S&P 500 rose about 6 percent over two days, the best back-to-back gain since 2009, but remains in no man's land. Analysts warn the next move could return to the low 1,867 level or resume a rally to the prior trading range, with investors urged to buy quality names and consider energy as a potential longer-term bounce.
MENTIONED IN THIS ARTICLE
Standard & Poor
U.S
Paul Hickey
Hickey
Energy
SigFig Tracking Services Highlight Investors in America
A look at how American investors use SigFig tracking services to monitor portfolios. The platform provides insights into asset allocation, performance dashboards, and automated rebalancing suggestions for individual accounts.
Investment portfolio snapshot from SigFig tracking users
More than half a million U.S. investors with about 200 billion dollars in assets use SigFig online to manage portfolios. Five day averages show US investments at 21 to 50 percent with AAPL and HD among top movers, ALBEY bought strongly while CTCM sold. Data reflect SigFig analysis of user activity and holdings.
MENTIONED IN THIS ARTICLE
America
SigFig
U.S
AAPL
ALBEY
CTCM
Williams-Sonoma and Freeport-McMoRan Stocks Edge on Spending Cut News
Freeport-McMoRan plans to cut capital spending by about a quarter in 2016 as commodity prices weaken, sending shares higher. Williams-Sonoma fell with the market rally after warning investors to lower expectations for current quarter and full year results because of West Coast port issues.
MENTIONED IN THIS ARTICLE
Freeport-McMoRan
FCX
Rally
Williams-Sonoma
Google Price and Change Spark Antitrust Debate
The online ad company disputed a complaint from Europe's competition watchdog about abusing its online search monopoly to gain advantage in emerging ventures like online shopping. The dispute centers on pricing and market power with implications for future digital advertising and commerce.
MENTIONED IN THIS ARTICLE
Google
Europe
Long term investing and the five year rule
Investors should ignore short term volatility and focus on durable profits over time. Data from 1929 onward shows bear markets average 17 months to end, 44 months to recover, and even the worst cases to roughly 5.2 years to break even, supporting a five year horizon.
MENTIONED IN THIS ARTICLE
Sam Stovall
S&p Capital IQ
Economy gains momentum as GDP tops estimates in Q2
The US economy grew 3.7 percent annualized in Q2, revised up from 2.3 percent. Business stockpiling and inventories boosted growth, while consumer spending rose 3.1 percent and government spending 2.6 percent. Exports lagged due to a stronger dollar, but imports rose 2.8 percent. Economists note momentum carries into Q3.
MENTIONED IN THIS ARTICLE
U.S
Commerce Department
Paul Ashworth
Capital Economics
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