Latest news with #SPY
Yahoo
3 days ago
- Business
- Yahoo
BlackRock Looks to Take ETF Volume Crown from State Street
State Street Corp. (STT) is on track to lose its position as the world leader in ETF trading volume, as investors aggressively snap up BlackRock Inc. (BLK) funds, according to Bloomberg Intelligence. State Street, whose SPDR business is the third-largest U.S. ETF issuer by assets behind BlackRock's iShares and The Vanguard Group, controls 31% of U.S. exchange-traded fund trading volume, Bloomberg ETF Analyst Athanasios Psarofagis wrote. While rival BlackRock holds 25%, its share is growing faster thanks to trading in the iShares Bitcoin ETF Trust (IBIT), its spot Bitcoin fund, and the iShares Core S&P 500 ETF (IVV). Volume is critical in the ETF business where the three largest funds, the Vanguard S&P 500 ETF (VOO), the SPDR S&P 500 ETF Trust (SPY) and IVV charge rock-bottom fees and count on huge assets to generate income. The $607.4 billion SPY, which this year lost its title as the world's largest ETF to the $679.8 billion VOO, is the most expensive among the world's three biggest ETFs. 'BlackRock has steadily narrowed the gap and is on track to take the No. 1 spot,' Psarofagis wrote. VOO has become the largest ETF due to winning the most investor money this year, hauling in a net $80.9 billion while the other two big funds have had outflows. Still, SPY typically does more volume: Last week, 585 million shares traded, crushing VOO's 67.8 million and IVV's 66.8 million, according to FactSet data on IBIT, the fastest-growing ETF on record, had volume of 339.7 million shares last week. IBIT One-Month Price and Volume—Source: FactSet Volume overall has grown 'dramatically' in the past few years, and now about $13 trillion trades each quarter, Psarofagis wrote. The top 10 ETFs account for 44% of all volume and, while that's concentrated, it's actually broadened from a peak of 51%, he said. Analysts have speculated that IVV may soon surpass SPY to become the second-largest | © 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
CNBC
4 days ago
- Business
- CNBC
How to trade the S&P 500's march to record highs using options as volatility remains elevated
Equity bears are growling, and bulls are sharpening their horns. I see an imminent retest of the S & P 500's all-time high as a market melt-up seems to be underway. I want to use options to carefully capture another leg up after the SPDR S & P 500 ETF Trust (SPY) has bounced 21% since "liberation day" lows back in April and geopolitical tensions ratchet up. In the wake of President Donald Trump announcing his surprising trade tariff plans back in April, there were calls for a recession, a repeat of Black Monday and hyper-inflation. In addition, a cackle of analysts scrambled to reconfigure their bullish 2025 S & P 500 price targets substantially lower after a nearly 20% acute drop in the benchmark equity index. I was a lonely bull at the time and believed it was an overreaction to most likely a brash negotiating tactic that has been a characteristic of President Trump for decades. Leaning into the equity discount when SPY traded down to a ridiculous oversold condition at $481 was nerve-wracking — but when volatility spikes (VIX) up above 50 let alone 60, that is the time to buy stocks, not when the VIX is under 15. No matter how bad it feels to be buying. Between April 9 and May 12, the VIX plummeted from a high of 57.96 to below 20, a roughly 65% drop in just 22 days. The VIX's historic (3 rd quickest drop ever) drop signaled a swift return to market stability, with the S & P 500 rebounding over 6% by mid-May and up 20% by June from its April lows. I believe all market moves are exaggerated these days (to both the downside and upside), and that is why I believe the nerve of the bears will be tested above 6,150 in the S & P 500 Index soon. The timing of this test is remarkable as options expiration is this week, and markets are closed on Thursday for Juneteenth. This phenomenon is sometimes referred to as the "option-expiration week effect". Large-cap stocks with high options trading volume tend to see particularly strong performance during these weeks. With the VIX tethered to 20, options premium has certainly become less expensive, but by no means is it cheap. Therefore, I want to buy a call spread as selling that upside call will offset some of the cost associated with owning the opportunity to capture a new all-time high test ($613.23 on Feb. 19 for SPY). Defining risk is critical after the bounce markets have seen since early April. The trade: Buying a call spread Bought the July 18 $605 SPY call for $8.30 Sold the July 18 $620 SPY call for $2.65 This spread costs an investor $5.65 or $565 per one lot spread This spread was established when SPY was trading just above $600 ISCLOSURES: Kilburg is long this spread and long SPY. All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.
Time of India
5 days ago
- Business
- Time of India
US stock market today: Dow, S&P 500, and Nasdaq rebound as Israel-Iran tensions ease and investors eye Fed decision
US stock market jumps as Dow rallies 500 points as Israel-Iran tensions ease, oil prices drop: What it means for investors and markets- Dow rallies 500 points as investors show renewed confidence amid hopes that the Israel-Iran conflict will remain limited. After days of tension, a report signaling Iran's willingness to ease hostilities pushed markets up and oil prices down. The S&P 500 and Nasdaq also gained 1.2% and 1.5% respectively, while WTI crude oil fell over 1% to $72.22 a barrel. As geopolitical uncertainty continues, all eyes remain on energy prices, Fed policy, and global market reactions. This live market update breaks down what's moving and why it matters. How are U.S. stock futures performing right now? All three major indexes are showing gains in mid-day trading: Dow Jones Industrial Average (via DIA ETF) : Trading around $428.07 , up +1.2% on the day (Intraday high: $428.17, low: $424.19) S&P 500 (via SPY ETF) : Currently at $604.15 , up +1.2% (High: $604.36, low: $599.07) Nasdaq 100 (via QQQ ETF) : Up to $534.70 , gaining +1.45% (High: $535.00, low: $526.92) These numbers suggest a strong bounce from Friday's losses, with broad participation across sectors. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Hoa Loi: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More What happened in the stock market last week? All three major indexes closed lower on Friday , snapping a two-week winning streak: The Dow Jones plunged 565 points , or 1.3% — marking its worst one-day loss since May 21 The S&P 500 slipped 0.4% The Nasdaq Composite declined 0.6% It was a tough end to an otherwise bullish June as investors locked in gains and weighed economic uncertainties. Live Events Where do the major indexes stand year-to-date? Despite recent turbulence, here's how the indexes are holding up in 2025 so far: Index Year-to-Date Performance Dow Jones –0.8% S&P 500 +1.6% Nasdaq +0.5% The Dow remains slightly in the red for the year, while the S&P 500 and Nasdaq are still managing modest gains. What's pushing the market higher today? Several key drivers are fueling Monday's rally: Middle East tensions cool down Fresh updates suggest Israel and Iran may be backing off from further military escalation, easing global risk sentiment. Oil prices drop Crude oil prices fell back toward the $69–$72 range , which calms inflation fears and supports equities. Investors gear up for Fed policy meeting The Federal Reserve's two-day meeting kicks off Tuesday, with a decision expected Wednesday. While no rate cut is expected, traders are closely watching Fed Chair Jerome Powell's comments and the latest economic projections. Big tech rallies Mega-cap stocks are leading the way: Nvidia , Tesla , Palantir , and other tech names are climbing between 1% and 2% . This momentum is helping push the Nasdaq higher after last week's dip. Market performance overview Index Intraday Change Weekly Trend Monthly Trend Dow +1.2% Slight dip Flat S&P 500 +1.2% Modest rebound Mildly up Nasdaq +1.4% Volatile Up ~2.6% Data reflects midday levels as of June 16, 2025. What's driving the market this week? Several major factors are making investors cautious: Middle East conflict : Fresh clashes between Israel and Iran have reignited fears of regional escalation. Economic policy uncertainty : Lingering inflation, sluggish data, and global trade tensions — especially with China — are creating a foggy outlook. Spiking volatility : The Economic Policy Uncertainty Index hit record levels, raising the risk of reduced consumer spending and slower business investment. Why did the Dow rally 500 points after last week's plunge? On Monday, the Dow Jones Industrial Average surged 494 points, or 1.2%, recovering sharply from Friday's sell-off. Investors appeared more optimistic after a report by the Wall Street Journal revealed that Iran may be open to negotiations — under the condition that the U.S. stays out of Israel's military actions. The S&P 500 also rose 1.2%, and the Nasdaq Composite led gains with a 1.5% jump. Last Friday, markets dropped steeply amid fears of a broader regional war. The Dow had fallen over 700 points, and the week ended with the index down 1.3%. The S&P 500 and Nasdaq were down 0.4% and 0.6% for the week, respectively. But Monday brought a wave of cautious optimism as the market digested signs that the Israel-Iran conflict may not spiral further. Is the oil market calming down after the initial shock? Oil prices, which had jumped dramatically following Israel's Friday strike on Iran, cooled down on Monday. WTI crude futures fell more than 1%, settling at $72.22 per barrel — a significant drop from the $77 peak seen during overnight trading. Traders have been laser-focused on developments in the Middle East, especially as Iran and Israel exchanged retaliatory strikes. On Monday, however, the tone shifted slightly, with reports suggesting both sides could contain the conflict. Still, the situation remains volatile. Iran has threatened to shut down the Strait of Hormuz, a critical channel for the global oil supply, while Israel claimed to have gained "aerial superiority" over Iranian airspace. Both moves, if pursued further, could send energy prices soaring again. How are tech stocks and the 'Magnificent Seven' reacting? The drop in oil prices helped restore risk appetite, especially in major growth names. Shares of Tesla gained over 1%, while Meta Platforms rose around 3%. Other stocks seen as beneficiaries of conflict-driven demand, like Palantir, climbed more than 3%. Investors appear to be shifting back into high-growth tech stocks — often called the 'Magnificent Seven' — after briefly pulling out due to rising geopolitical tensions. Lower oil prices and hopes of a de-escalation helped drive this renewed interest. Could the Israel-Iran conflict still impact global markets? Although markets found some relief Monday, the broader Israel-Iran conflict is far from resolved. As per Krishna Guha, vice chairman at Evercore ISI, the market is 'taking comfort from the prospect that the conflict could stay in the limited war mode.' But Guha warned in a client note that while containment is possible, 'we continue to anticipate the conflict will last for a few weeks in the base case and still see elevated risk of escalation that envelops energy and draws in the U.S.' Continued targeting of energy infrastructure could shake global supply chains and impact both inflation and market stability in the coming weeks. Will the Federal Reserve respond with a rate cut amid global tensions? As the market absorbs geopolitical developments, investors are also watching the Federal Reserve closely ahead of its interest rate decision on Wednesday. Despite weak manufacturing data released Monday morning, Fed funds futures indicate a 100% probability the central bank will hold rates steady, according to CME Group's FedWatch Tool. President Donald Trump has recently increased pressure on Fed Chair Jerome Powell to cut rates. However, the recent spike in oil prices—even if temporary—adds inflationary pressure, reducing the chances that the Federal Reserve will pivot to easier monetary policy in the near term. What's on the calendar this week? Here's what traders are watching closely: Federal Reserve decision on interest rates coming Wednesday (Expect a rate pause, but commentary from Fed Chair Jerome Powell will be critical) Updated economic projections from the Fed will also be released midweek Juneteenth holiday : U.S. markets will be closed Thursday, June 19 This Fed week could set the tone for markets going into summer, especially with uncertainty mounting across global and domestic fronts. What should investors watch next? As the Middle East conflict continues to unfold, markets remain highly sensitive to any signals from Iran, Israel, or U.S. officials. Meanwhile, economic data and Fed policy signals could drive the next move in stocks and commodities. Key things to watch: Any escalation or de-escalation in military actions. Statements from U.S. officials or Iranian intermediaries. Movement in oil and gold prices. Fed's rate decision and economic projections this week. For now, markets are breathing a sigh of relief. But with the Strait of Hormuz on the radar and energy infrastructure under threat, the situation could still take a sharp turn. After a sharp sell-off Friday, Wall Street is bouncing back to start the week. Calming geopolitical tensions, lower oil prices, and optimism ahead of the Fed meeting are giving investors a reason to step back into risk assets. All eyes now turn to Wednesday's central bank update, which could shape market momentum heading into July. FAQs: Q1: Why did the Dow rally 500 points today? The Dow jumped 500 points as hopes rose that the Israel-Iran conflict will remain limited. Q2: How is the Israel-Iran conflict affecting oil prices? Oil prices fell after signs that Israel-Iran tensions may not escalate further.
Time of India
5 days ago
- Business
- Time of India
NRI bought a Hyderabad flat for Rs 64 lakh in 2010. Now has a Rs 1.8 crore regret. Shares lessons
For many NRIs, buying property in India feels like a natural step—financially prudent, emotionally satisfying, and culturally rooted. But when the numbers are finally crunched, the results can often be sobering. One NRI couple's experience with a Hyderabad flat they bought in 2010 offers a clear example of how real estate investments, especially from abroad, can underdeliver over time. Despite making what looked like a smart move back then, the couple now admits it cost them far more in missed opportunities, currency losses, and peace of mind. In 2010, an NRI couple made what they believed was a sound investment—a Rs 64 lakh 3BHK apartment in Hyderabad's Nanakramguda area. The idea was simple: put money into a growing city, wait for appreciation, and enjoy some rental income. Fifteen years later, the property was sold for Rs 90 lakh. But when they looked at the bigger picture, especially in U.S. dollar terms, they were left with a disappointing return. The story was shared on the subreddit, rupeestories. A Seemingly Profitable Exit on Paper The couple had purchased the flat in the Mantri Celestia complex and paid the builder Rs 59.34 lakh over nine years through staggered EMIs. An additional Rs 5 lakh was spent on woodwork and repairs. Possession was delayed until 2019, and they finally sold the apartment in 2024 for Rs 90 lakh. After deducting realtor fees and capital gains tax, they were left with Rs 84.9 lakh in hand. On paper, that appeared to be a profit of nearly Rs 21 lakh. Add to this Rs 7.2 lakh in post-tax net rental income from 2019–2024, and the overall gain stood at about Rs 28.9 lakh in INR. The Dollar Math Tells a Different Story When converted to dollars, however, the picture turned grim. Due to rupee depreciation—from around Rs 45/$ in 2010 to roughly Rs 85/$ in 2024—their total returns shrank dramatically. Their original Rs 64.34 lakh investment was around $111,740 in dollar terms. After 15 years, they walked away with only about $120,000 (including rent and sale proceeds), making the actual profit roughly $8,500. That's a 0.5% annualised return in USD. Had the same amount been invested steadily in an S&P 500 index fund like SPY over the same period, the couple calculated they could have accumulated over $330,000. Instead, they ended up with just $120,000—an opportunity cost of over $210,000 (approx. Rs 1.8 crore). The regret wasn't just about the missed money, but also the lost time and mental energy that went into maintaining the flat, dealing with tenants, chasing rent, handling repairs, and navigating taxes and paperwork from abroad. Low Rental Yield and Liquidity Challenges Over five years, the flat earned Rs 12 lakh in rent, which after taxes and maintenance, dropped to Rs 7.2 lakh. That translated to a gross rental yield of around 2.25%, far below the 3.5%–5% net yield many experts believe NRIs should target to make real estate in India worthwhile. On top of that, the flat did not appreciate as expected. Despite being located in a much-hyped "IT corridor," Nanakramguda didn't develop into the next Hitech City as projected. Liquidity too was an issue—the flat didn't sell quickly, highlighting the difficulty in offloading Indian real estate when you truly need funds. Key Takeaways from a Costly Lesson Reflecting on the entire experience, the NRI investor laid out some hard-earned lessons: Currency risk significantly impacts NRI investments. A decent return in INR may translate to poor growth in USD. Opportunity cost is often overlooked. U.S. index funds can quietly outperform Indian real estate in the long run. Liquidity and yield are more important than speculative capital gains. Buying based on hype rather than fundamentals can lead to underwhelming outcomes. Detailed, USD-adjusted math should always be run before buying property in India. Gurgaon Manager's Warning This story isn't unique. A Gurgaon-based manager recently shared a similar experience on social media. Someone he knew had bought a 3BHK apartment in a Tier II city for Rs 70 lakh in 2022. Two years later, they managed to sell it for just Rs 75 lakh. Once taxes and transaction costs were considered, the net gain was almost negligible. In fact, as the manager pointed out, a simple fixed deposit in a bank over the same period would have offered better returns—without the stress of property upkeep, paperwork, or market uncertainty. The Hyderabad flat story is one of many emerging from NRIs and domestic investors alike. These accounts reinforce a common theme: Indian real estate, while emotionally appealing and once seen as a 'safe' investment, doesn't always deliver strong returns—especially after adjusting for currency risk, taxes, and missed alternative gains. Whether in Tier I metros or smaller towns, real estate investments need sharper scrutiny today. As the NRI investor candidly put it: this isn't about being anti-property—it's about being pro-math.
Yahoo
12-06-2025
- Business
- Yahoo
SPY Attracts $3.9B in Assets Despite Market Pullback
The SPDR S&P 500 ETF Trust (SPY) pulled in $3.9 billion on Wednesday, boosting its assets under management to nearly $620 billion, according to data provided by FactSet. The inflows came despite the S&P 500 falling 0.3% as investors weighed a preliminary U.S.-China trade framework and May inflation data that showed core CPI rising just 0.1%. The GraniteShares 2x Long PLTR Daily ETF (PTIR) attracted nearly $289 million, while the SPDR Portfolio S&P 500 ETF (SPLG) gained $223.4 million. The SPDR Bloomberg High Yield Bond ETF (JNK) and the Utilities Select Sector SPDR Fund (XLU) both pulled in just over $210 million. The SPDR Portfolio Long Term Treasury ETF (SPTL) lost $178.5 million, while the ProShares Ultra Ether ETF (ETHT) experienced outflows of $169.5 million. The SPDR Portfolio Intermediate Term Treasury ETF (SPTI) shed $127.4 million. U.S. equity ETFs collected $5.5 billion in net inflows, while U.S. fixed-income ETFs gained $175.5 million. International equity ETFs attracted $119.1 million, and commodities ETFs pulled in $70.1 million. Overall, ETFs gained $6 billion for the day. Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change SPY SPDR S&P 500 ETF Trust 3,889.25 619,977.29 0.63% PTIR GraniteShares 2x Long PLTR Daily ETF 288.99 793.30 36.43% SPLG SPDR Portfolio S&P 500 ETF 223.43 70,065.12 0.32% JNK SPDR Bloomberg High Yield Bond ETF 210.46 7,583.86 2.78% XLU Utilities Select Sector SPDR Fund 210.23 18,424.96 1.14% XLE Energy Select Sector SPDR Fund 187.05 27,549.79 0.68% XLC Communication Services Select Sector SPDR Fund 162.30 23,340.09 0.70% XLF Financial Select Sector SPDR Fund 160.79 49,641.97 0.32% TQQQ ProShares UltraPro QQQ 144.50 25,831.06 0.56% RWR SPDR Dow Jones REIT ETF 116.33 2,047.58 5.68% Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change CGDV Capital Group Dividend Value ETF -209.07 17,488.42 -1.20% SPTL SPDR Portfolio Long Term Treasury ETF -178.49 10,978.36 -1.63% ETHT ProShares Ultra Ether ETF -169.46 42.37 -400.00% SPTI SPDR Portfolio Intermediate Term Treasury ETF -127.40 8,595.39 -1.48% FBL GraniteShares 2x Long META Daily ETF -81.21 161.16 -50.39% SBIT ProShares UltraShort Bitcoin ETF -48.77 12.19 -400.00% XLI Industrial Select Sector SPDR Fund -43.25 21,333.37 -0.20% DIA SPDR Dow Jones Industrial Average ETF Trust -42.95 38,201.52 -0.11% ARKK ARK Innovation ETF -37.76 6,227.52 -0.61% QBER TrueShares Quarterly Bear Hedge ETF -29.65 145.26 -20.41% Net Flows ($, mm) AUM ($, mm) % of AUM Alternatives 25.69 10,043.25 0.26% Asset Allocation 17.05 25,124.50 0.07% Commodities ETFs 70.12 216,092.26 0.03% Currency 33.10 147,503.70 0.02% International Equity 119.09 1,826,063.75 0.01% International Fixed Income 61.93 293,923.88 0.02% Inverse -68.89 14,573.47 -0.47% Leveraged 70.08 124,638.24 0.06% US Equity 5,453.05 6,915,037.20 0.08% US Fixed Income 175.48 1,662,789.67 0.01% Total: 5,956.71 11,235,789.92 0.05% 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
