All ETF Daily News Articles

The Dow Jones Industrial Average falls 400 points, on continued US-China trade-war concern

From Fred Imbert: Stocks fell sharply on Thursday as U.S.-China trade worries persisted with more companies suspending business with Chinese telecom giant Huawei.
INDEXDJX:.DJI May 23, 2019 2:39pm

The U.S. natural gas report shows a weekly gain in supplies

From Myra P. Saefong: The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 100 billion cubic feet for the week ended May 17. The average forecast of analysts polled by S&P Global Platts had called for an increase of 103 billion cubic feet. Total stocks now stand at 1.753 trillion cubic feet, up 137 billion cubic feet from a year ago, but 274 billion below the five-year average, the government said. June natural gas NGM19, +1.30% traded at $2.563 per million British thermal units, up 2 cents, or 0.8%, from Wednesday's settlement. That was little changed from $2.559 before the data.
NYSE:UNG May 23, 2019 2:34pm

New-home sales fall 7% in April

From Andrea Riquier: The numbers: New-home sales were at a 673,000 seasonally adjusted annual rate in April, the Commerce Department said Thursday. That was 6.9% lower than March, but that month's tally was revised sharply higher. April's figures nearly matched the MarketWatch consensus forecast for a 670,000 pace of sales.
NYSE:XHB May 23, 2019 11:46am

Oil prices plummet on weak economic data

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From Tom DiChristopher: Oil prices fell 5% on Thursday, extending steep losses in the previous sessions, as the market braced for a prolonged U.S.-China trade war, digested disappointing manufacturing data and processed signs that Middle East tensions are moderating.
NYSE:USO May 23, 2019 11:35am

Semiconductor sector drops below its 200-day moving average

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From Tomi Kilgore: Chip stocks continued their broad selloff Thursday, as investors feared that the U.S.-China trade war will last longer than previously expected. The PHLX Semiconductor Index SOX, -2.22% slumped 2.2% in morning trade, with 29 of 30 components losing ground, as the S&P 500 SPX, -1.19% declined 1.2%. The SOX, which has now shed 15.5% this month, has dropped below the 200-day moving average, which is widely followed as a tracker of longer-term trends, and is now in danger of the first close below that technical indicator since Feb. 4. Among the SOX's biggest decliners, shares of Advanced Micro Devices Inc. AMD, -3.76% slid 3.6%, Micron Technology Inc. MU, -3.60% dropped 3.5%, Nvidia Corp. NVDA, -3.19%gave up 3.5% and Qualcomm Inc. QCOM, -2.73% shed 3.4%. The lone gainer was Cypress Semiconductor Corp.'s stock, which tacked on 0.5%. Analyst Vivek Arya at Bank of America Merrill Lynch said chip companies appear to be expecting some trade resolution by the third quarter, soon after President Trump meets with China's president Xi Jinping on June 28 to June 29. "Overall, we believe the U.S. holds significant leverage in the current trade war (semis perspective), and can continue to exert even more pressure (restrict additional Chinese customers) which should lead to some resolution," Arya wrote in a note to clients.
NYSE:SMH May 23, 2019 11:23am

Rare Earths ETF rises on US-China trade war concerns

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From Todd Shriber: The latest market segment to take center stage in the U.S.-China war is the rare earths space. The previously moribund VanEck Vectors Rare Earth/Strategic Metals ETF REMX 2.17%followed up Monday's heavy volume gain of 6 percent with an almost 5 percent pop on Tuesday.
NYSE:REMX May 22, 2019 6:34pm

Retail stocks recent earnings results show stores need transformation

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From Lauren Hirsch:
NYSE:XRT May 22, 2019 6:22pm

The Dow Jones Industrial Average falls on US-China trade concerns

Qualcomm
From Fred Imbert: Stocks pulled back on Wednesday as trade worries increased while declines in Qualcomm and retailer shares also dampened market sentiment.
INDEXDJX:.DJI May 22, 2019 6:06pm

The semiconductor sector is down 12% in May, is it ready to rebound?

ETF
From Lizzy Gurdus: The chip carnage on Wall Street isn't stopping one trader.
NYSE:SMH May 22, 2019 3:49pm

A record number of people expected to travel on U.S. airlines this summer

airline flying photo
From Jacob Passy: Planning to fly to your summer vacation destination? Prepare for crowds.
NYSE:XTN May 22, 2019 3:38pm

Facebook says it will block cannabis sales on its platform

Marijuana
From Max A. Cherney: MENLO PARK, Calif. -- After roughly three months of internal and external deliberations, Facebook Inc. decided Tuesday to continue attempting to block the sale of marijuana on its platform.
NYSE:MJ May 22, 2019 2:24pm

Mortgage refinancing surges as rates fall

From Yan Zhang:

Homeowners are scrambling to refinance their mortgages now that rates are falling.

BATS:ITB May 22, 2019 2:04pm

Weekly U.S. oil report shows an increase in crude supplies

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From Myra P. Saefong: The Energy Information Administration on Wednesday reported that U.S. crude supplies rose by 4.7 million barrels for the week ended May 17. Analysts polled by S&P Global Platts expected a fall of 2 million barrels, on average. Data from the American Petroleum Institute on Tuesday had shown an increase of 2.4 million barrels, according to sources. The EIA data also revealed that gasoline inventories climbed by 3.7 million barrels, while distillate stockpiles edged up by 800,000 barrels last week. The S&P Global Platts survey had shown expectations for a supply climb of 1 million barrels for gasoline and a decline of 1 million barrels for distillate stockpiles. July West Texas Intermediate crude CLN19, -3.25% fell by 80 cents, or 1.3%, to $62.33 a barrel on the New York Mercantile Exchange. It was trading at $62.50 before the supply data.
ETF BASIC NEWS May 22, 2019 1:24pm

Amidst escalating US-China tension, why ins’t the price of gold moving higher?

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From Naeem Aslam:

Gold has been out of luck for the majority of the year so far. The year to date (YTD) performance of the precious metal sits at -0.46 percent. This is despite the fact that the Federal Reserve has adopted a dovish stance towards their monetary policy and there are serious concerns over the ongoing Trade War between the United States and China. In fact, the mainstream Chinese media has adopted a very aggressive tone against the U.S. with the Chinese media sending a clear warning that the dispute is going to hurt U.S. companies the most because of their exposure in China. According to the "Treaty damage to the U.S. hinterland" a 25% tariff increase on Chinese companies is going to impact 1 million U.S. jobs and will also anchor the financial market turmoil further.

NYSE:GLD May 22, 2019 1:04pm

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