US Stock MarketDetailed Quotes
BAC Bank of America
- 39.240
- -0.020-0.05%
Close Jun 14 16:00 ET
- 39.201
- -0.039-0.10%
Post 19:46 ET
306.87BMarket Cap13.53P/E (TTM)
39.480High38.905Low32.35MVolume39.100Open39.260Pre Close1.27BTurnover0.42%Turnover Ratio12.74P/E (Static)7.82BShares39.96052wk High1.16P/B305.81BFloat Cap24.44052wk Low0.94Dividend TTM7.79BShs Float46.871Historical High2.40%Div YieldTTM1.47%Amplitude2.022Historical Low39.195Avg Price1Lot Size
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$Nasdaq Composite Index(.IXIC.US$ $iShares Core S&P 500 ETF(IVV.US$ $S&P 500 Index(.SPX.US$ $Dow Jones Industrial Average(.DJI.US$ $Bank of America(BAC.US$
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May's PPI fell 0.2% month-over-month, the largest drop in seven months, providing another sign that inflation pressures are easing.
Following the unexpected cooling of May's CPI, this PPI result supports the potential for a Fed rate cut. Year-over-year, PPI grew by 2.2%, below the expected 2.5% and April’s revised 2.3%. Core PPI, excluding food, energy, and trade services, showed zero growth month-over-month, also below the anticipated 0.3% increas...
Following the unexpected cooling of May's CPI, this PPI result supports the potential for a Fed rate cut. Year-over-year, PPI grew by 2.2%, below the expected 2.5% and April’s revised 2.3%. Core PPI, excluding food, energy, and trade services, showed zero growth month-over-month, also below the anticipated 0.3% increas...
3
Dow Jones fell 0.17%, S&P 500 rose 0.23%, Nasdaq gained 0.34%.
By the end of the day, the 10-year U.S. Treasury yield was around 4.24%, down nearly 8 basis points; the 2-year Treasury yield was around 4.70%, down 5 basis points.
WTI July crude futures rose 0.15%, closing at $78.62 per barrel. Brent August crude futures increased by 0.18%, ending at $82.75 per barrel. COMEX August gold futures fell 1.56%, settling at $2318 per ounce. LME base metals...
3
The Federal Reserve held interest rates steady at their current range of 5.25% to 5.5%, but revised its outlook for rate cuts to just one in 2024. Central bank policymakers noted that there has been “modest further progress” toward its 2% inflation objective. Federal Reserve Chair Jerome Powell noted at the press conference that the central bank does not yet have the confidence to cut rates, even as inflation has e...
1
Inflation forecasters see the core CPI posting roughly a similar increase in May as in April.
An increase of 0.28% in the core CPI would lower the y/y rate to 3.5%
Tonight 8.30pm
$Bank of America(BAC.US$ $BARCLAYS BANK PLC(BALTF.US$ $Citigroup(C.US$ $BNP PARIBAS SPON(BNPQY.US$ $Goldman Sachs(GS.US$ $Morgan Stanley(MS.US$ $UBS Group(UBS.US$ $Deutsche Bank(DB.US$
An increase of 0.28% in the core CPI would lower the y/y rate to 3.5%
Tonight 8.30pm
$Bank of America(BAC.US$ $BARCLAYS BANK PLC(BALTF.US$ $Citigroup(C.US$ $BNP PARIBAS SPON(BNPQY.US$ $Goldman Sachs(GS.US$ $Morgan Stanley(MS.US$ $UBS Group(UBS.US$ $Deutsche Bank(DB.US$
2
Investors are looking to Wednesday’s conclusion of the Fed’s two-day policy meeting, which will feature an rate policy decision and a subsequent press conference with Fed Chair Jerome Powell.
While the market’s pricing indicate that the Fed will maintain its benchmark overnight borrowing rate in a range between 5.25%-5.5%, the market will be watching for central bankers’ updates to their Summary of Economic Projections, which coul...
While the market’s pricing indicate that the Fed will maintain its benchmark overnight borrowing rate in a range between 5.25%-5.5%, the market will be watching for central bankers’ updates to their Summary of Economic Projections, which coul...
1
The US CPI for May 2024 will be released on Jun 12, 2024 at 8:30 a.m. Eastern Time.
That's all for today, and always remember to DYODD (Do your own due diligence) when making any kind of investment.![]()
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Thank you and adios!![]()
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That's all for today, and always remember to DYODD (Do your own due diligence) when making any kind of investment.
Thank you and adios!
10
10
US government expenditures as % of GDP just hit 43%, matching levels seen during the 2008 Financial Crisis.
To put this into perspective, spending as a % of GDP is just 1% below World War 2 levels.
Even at the peak of World War 1, US government spending as a % of GDP was 20 percentage points LOWER.
Meanwhile, the Fed continues to call for a soft landing and economic data is "strong."
This is a crisis.
$Berkshire Hathaway 13F(LIST2999.US$ $Nasdaq Composite Index(.IXIC.US$ $S&P 500 Index(.SPX.US$ $Dow Jones Industrial Average(.DJI.US$ $Bank of America(BAC.US$ $Apple(AAPL.US$
To put this into perspective, spending as a % of GDP is just 1% below World War 2 levels.
Even at the peak of World War 1, US government spending as a % of GDP was 20 percentage points LOWER.
Meanwhile, the Fed continues to call for a soft landing and economic data is "strong."
This is a crisis.
$Berkshire Hathaway 13F(LIST2999.US$ $Nasdaq Composite Index(.IXIC.US$ $S&P 500 Index(.SPX.US$ $Dow Jones Industrial Average(.DJI.US$ $Bank of America(BAC.US$ $Apple(AAPL.US$
1
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