$SPGI

32 stories mentioning SPGI

Every FINWIRES story that references SPGI, newest first.

Private Market Data TAM Could More Than Double by 2030, UBS Says

Demand for private market data is expected to continue growing, which could more than double the segment's total addressable market by 2030, UBS Securities said in a Tuesday note.The brokerage predicts the private market data TAM to reach $25 billion to $35 billion by 2030, from an estimated size of $11 billion to $15 billion currently. This reflects a 131% surge at the mid-point of the two ranges, according to' calculations.Among information services companies, Morningstar (MORN), MSCI (MSCI), and S&P Global (SPGI) are best positioned to capitalize on this momentum, UBS analysts, including Alex Kramm, wrote."Interest in private market assets has increased substantially in recent years as more investors look to diversify their holdings, increase their returns, and reduce exposure to market volatility," Kramm said.The size of assets under management in private funds totaled roughly $15 trillion in 2025, with a compound annual growth rate of 13% over the past two decades, UBS said. Private markets AUM could exceed $30 trillion in the next five years."As capital continues to flow to private markets, we believe investment offerings will increase in size, number, and scope," Kramm wrote in the note. "This should drive increased demand for data and solutions that enable deal sourcing, valuation, monitoring, reporting, transparency, comparison, and distribution."Morningstar has "the most scale" in private markets and would benefit the most from overall industry demand, Kramm said.Morningstar's Pitchbook, which tracks public and private equity markets, reported a revenue slowdown in 2025 and the first quarter of 2026, but "a new go-to market strategy and cyclical upside in corporate M&A could re-accelerate growth," according to the UBS report.While MSCI's private assets segment accounts for a small portion of overall revenue, "outsized growth could help drive MSCI's total organic subscription run rate growth back above 10%," Kramm said.Similarly, upside in private market solutions could accelerate growth at S&P Global's Market Intelligence segment, Kramm said.Price: $184.87, Change: $+3.36, Percent Change: +1.85%

$MORN$MSCI$SPGI

US Markets11d ago

Wall Street Snaps Record Rally Amid Re-Escalation in Middle East Conflict

US equities snapped their record-setting rally on Wednesday as renewed hostilities in the Middle East lifted oil prices.The Nasdaq Composite fell 0.9% to 26,854 and the S&P 500 declined 0.7% to 7,553.7, closing lower following a nine-day advance. The Dow Jones Industrial Average lost 1.2% to 50,687.1. All indexes logged fresh record highs on Tuesday.Six of the 11 sectors ended in the red, led by technology, while energy paced the gainers.Several major tech names fell sharply, with IBM (IBM) down 7.2%, the steepest decline on the Dow. Salesforce (CRM) followed IBM on the index, shedding 5.1%. Nvidia (NVDA) declined 3.6%, among the worst performers on the Dow.ServiceNow (NOW) and Microsoft (MSFT) also logged declines.West Texas Intermediate crude oil was up 2.6% at $96.19 a barrel in Wednesday late-afternoon trade, while Brent rose 2.1% to $97.99."Crude oil is trading higher for a third consecutive session, with Brent pushing above $97 as market pessimism once again grows over the prospects of a US-Iran deal that could pave the way for a reopening of the Strait of Hormuz," Saxo Bank said in a report.Iran launched strikes targeting US bases in Kuwait and Bahrain, as well as a vessel near the Strait of Hormuz, CNN reported. On Tuesday, the US Central Command said it conducted self-defense strikes on Qeshm Island in response to attempted attacks by Iran across the Middle East.US President Donald Trump reportedly said in a podcast with the New York Post that Iran has agreed not to have nuclear weapons, but Tehran could still change its mind. Previously, Trump said that negotiations with Iran were continuing, despite Iranian state-affiliated outlet Tasnim reporting that the country had suspended talks with Washington."Oil is up again as only Trump appears to believe that a 'deal' to end the war is in the works," said Derek Holt, head of capital markets economics at Scotiabank.In economic news, the Organization for Economic Co-operation and Development lowered its global economic growth projection for 2026, cautioning that the fallout from the Middle East conflict may linger for some time even after its resolution.In the US, employment in the private sector increased more than expected in May, ADP (ADP) data showed."The breadth of gains was encouraging, with almost all sectors increasing payrolls during the month," Oxford Economics said in a note. "Coupled with weak labor supply growth, the strong gains in payrolls would reduce the upside risk to the unemployment rate."Data from the Bureau of Labor Statistics are expected to show Friday that the US economy added 85,000 nonfarm jobs last month, which would represent a fall from a 115,000 increase reported for April, according to a Bloomberg-compiled survey. The unemployment rate is seen unchanged at 4.3%.The US services sector saw continued expansion in May, with Institute for Supply Management data showing a faster growth rate sequentially, but S&P Global (SPGI) pointing to a deceleration. Both surveys indicated elevated cost pressures and signs of weakness in the labor market.Most Federal Reserve districts saw slight to moderate growth in economic activity since mid-April, while consumer spending remained mixed, the US central bank said in its latest Beige Book released Wednesday."Higher-income households remained resilient and less sensitive to price increase, while middle-income households were described as 'squeezing more life out of every dollar before deciding to spend it,' and low-income consumers showed greater financial strain," according to the latest document, prepared by the Kansas City Fed based on data collected by May 27.US Treasury yields were higher, with the 10-year rate last up 4.6 basis points at 4.49%, and the two-year rate rising 3.8 basis points to 4.09%.Gold was last down 1% at $4,476.40 per troy ounce, while silver fell 2.5% to $73.65 per ounce.

Dow JonesNasdaq CompositeS&P 500$ADP$CRM$IBM$MSFT$NOW$NVDA$SPGI

US Markets11d ago

Equities Fall Intraday, Oil Jumps Amid Renewed Middle East Tensions

US benchmark equity indexes were lower intraday, while oil prices rose amid renewed hostilities in the Middle East.The Nasdaq Composite was down 1% at 26,816.5 after midday Wednesday, while the Dow Jones Industrial Average fell 0.9% to 50,858.1. The S&P 500 shed 0.6% to 7,562.9. The indexes logged fresh closing highs in the previous session.Among sectors, technology and consumer discretionary saw the biggest decline intraday Wednesday, while energy paced the gainers.Several major tech names were falling sharply, with IBM (IBM) down 6.1%, the steepest decline on the Dow. Salesforce (CRM), Microsoft (MSFT), and Nvidia (NVDA) followed IBM on the index.West Texas Intermediate crude oil was up 2.6% at $96.17 a barrel, while Brent rose 2.1% to $98.04."Crude oil is trading higher for a third consecutive session, with Brent pushing above $97 as market pessimism once again grows over the prospects of a US-Iran deal that could pave the way for a reopening of the Strait of Hormuz," Saxo Bank said in a report.Iran launched strikes targeting US bases in Kuwait and Bahrain, as well as a vessel near the Strait of Hormuz, CNN reported. On Tuesday, the US Central Command said it conducted self-defense strikes on Qeshm Island in response to attempted attacks by Iran across the Middle East.A barrage of ballistic missiles and drones hit Kuwait Wednesday, shutting its international airport, killing one person and injuring dozens, The Wall Street Journal reported.US President Donald Trump reportedly said in a podcast with the New York Post that Iran has agreed not to have nuclear weapons, but Tehran could still change its mind. Previously, Trump said that negotiations with Iran were continuing, despite Iranian state-affiliated outlet Tasnim reporting that the country had suspended talks with Washington."For now, the risk premium continues to be partly offset by President Trump's repeated insistence that an interim agreement remains within reach," Saxo said.In economic news, the Organization for Economic Co-operation and Development lowered its global economic growth projection for 2026, cautioning that the fallout from the Middle East conflict may linger for some time even after its resolution.In the US, employment in the private sector increased more than expected in May, ADP (ADP) data showed."The breadth of gains was encouraging, with almost all sectors increasing payrolls during the month," Oxford Economics said in a note. "Coupled with weak labor supply growth, the strong gains in payrolls would reduce the upside risk to the unemployment rate."Data from the Bureau of Labor Statistics are expected to show Friday that the US economy added 85,000 nonfarm jobs last month, which would represent a fall from a 115,000 increase reported for April, according to a Bloomberg-compiled survey. The unemployment rate is seen unchanged at 4.3%.The US services sector saw continued expansion in May, with Institute for Supply Management data showing a faster growth rate sequentially, but S&P Global (SPGI) pointing to a deceleration. Both surveys indicated elevated cost pressures and signs of weakness in the labor market."The combination of resilient demand and intensifying cost pressures reinforces the risk of ongoing price pass-through, suggesting that the (Federal Reserve) is likely to remain patient on policy easing given limited progress on services disinflation and increasing the likelihood of rate hikes this year," TD Economics said in a note.US Treasury yields were higher intraday, with the 10-year rate up 3.8 basis points at 4.49%, and the two-year rate rising 3.3 basis points to 4.08%.In company news, Medtronic (MDT) reported better-than-expected fiscal fourth-quarter results, while the medical-device maker projected earnings and organic revenue growth for the current year. The company's shares were up 5.1%, among the best performers on the S&P 500.Broadcom (AVGO), CrowdStrike (CRWD), Veeva Systems (VEEV) and Five Below (FIVE) are expected to report after the closing bell Wednesday, along with others.Gold was down 1.2% at $4,465.10 per troy ounce, while silver fell 2.6% to $73.58 per ounce.

Dow JonesNasdaq CompositeS&P 500$ADP$AVGO$CRM$CRWD$FIVE$IBM$MDT$MSFT$NVDA$SPGI$VEEV

US Markets11d ago

ISM Services Survey Shows Faster Expansion; S&P Data Indicate Growth Deceleration

The US services sector saw continued expansion in May, with Institute for Supply Management data showing a faster growth rate sequentially, but S&P Global (SPGI) pointing to a deceleration.The ISM's purchasing managers' index rose to 54.5 last month from 53.6 in April. The consensus was for a 53.8 print in a survey compiled by Bloomberg. A reading above 50 indicates the services sector economy is generally expanding.The business activity index rose to 57.7 in May from 55.9 the month before, while the gauge for new orders increased to 57.3 from 53.5. The employment measure ticked lower to 47.9 from 48 and remained in contraction for a third consecutive month, the ISM survey showed."Respondents commented frequently that their companies had instituted hiring freezes or were not backfilling vacated positions, however, most industries reported that they were holding flat in employment month over month," Steve Miller, chair of the ISM's services business survey committee, said.The price index increased to 71.3 last month from 70.7 in April, marking its highest level since August 2022, according to the ISM survey."The combination of resilient demand and intensifying cost pressures reinforces the risk of ongoing price pass-through, suggesting that the (Federal Reserve) is likely to remain patient on policy easing given limited progress on services disinflation and increasing the likelihood of rate hikes this year," TD Economics Senior Economist Vikram Rai said in a note.Separately, S&P Global said its services PMI gauge fell to 50.7 in May from 51 the month prior, describing the latest expansion as "among the weakest" in the last 2.5 years. The impact of increasing prices, especially for fuel and energy, "stunted" growth in new business intakes, the data provider said. Employment fell at its fastest pace in six years, while business optimism reached the lowest since October 2022, the report showed.Consumer-facing sectors were the hit the hardest, with corresponding orders falling at the steepest pace since the coronavirus pandemic in 2020, S&P Global Market Intelligence Chief Business Economist Chris Williamson said."The increase in input cost inflation being signaled by the PMI points to a further rise in consumer price inflation in the coming months, but on the other hand the weakening of demand growth and downturn in the labor market being indicated could help allay concerns over any inflation spike becoming more entrenched," Williamson said.On Monday, separate surveys by the ISM and S&P showed that the US manufacturing sector expanded to its highest level in four years in May amid strength in demand and production, though price pressures remained elevated.Price: $410.17, Change: $-7.29, Percent Change: -1.75%

$SPGI

US Markets13d ago

Wall Street Extends Record Run as Nvidia Rally Boosts Tech Sector

Wall Street's equity benchmarks hit fresh peaks on Monday, buoyed by gains in the technology sector as Nvidia's (NVDA) shares rallied, while traders monitored mixed US-Iran peace talks signals.The Nasdaq Composite rose 0.4% to 27,086.8, while the S&P 500 added 0.3% to 7,600. The Dow Jones Industrial Average edged up 0.1% to settle at 51,078.9. All three indexes logged new closing highs on the first trading day of June.Barring tech and energy, all sectors were in the red, led by utilities.In company news, Nvidia shares jumped 6.3%, among the top gainers on the Dow. On Sunday, the tech bellwether announced a new artificial intelligence chip to power Microsoft (MSFT) Windows personal computers, called RTX Spark, entering the consumer PC processor market.Microsoft shares rose 2.3%, also one of the Dow's best performers.Dell (DELL) shares advanced nearly 11%, extending its rally into the eight day in a row. Morgan Stanley upgraded its rating on the computer maker's stock to equal-weight from underweight and raised its price target to $448 from $170. Dell is outperforming peers in navigating semiconductor supply shortages, the brokerage said.Salesforce (CRM) climbed 9.7% after the company said it will invest $2 billion in France through 2030. Separately, Salesforce said it agreed to buy Contentful, a "composable" content platform.S&P 500 companies' quarterly earnings growth held steady at nearly 28%, compared with financials reported up until a week ago, putting the index on track to close out the most recent cycle well above estimates, Oppenheimer Asset Management said in a note.West Texas Intermediate crude oil was up 5.7% at $92.35 a barrel in Monday late-afternoon trade, while Brent rose 4.5% to $95.25.Iran suspended talks with the US in retaliation to Israel's military action in Lebanon, CNBC reported Monday, citing Iranian state-affiliated outlet Tasnim. However, US President Donald Trump said talks with Iran were continuing at "a rapid pace."In a separate social media post, Trump said he spoke to Israeli Prime Minister Benjamin Netanyahu and Iran-backed Hezbollah, with both agreeing to stop the fighting."It unfortunately feels like we have moved further away from a conclusion, with Iran commenting mid-Friday that no agreement has been reached, and reports over the weekend indicating that (Trump) has asked to amend the prior framework," Tudor Pickering Holt said in a note. "These shifting conditions alongside continued kinetic skirmishes between the parties are likely to further erode Iranian trust as officials have already cited the fluidity of priorities as a point of friction with Iran making clear that nuclear dialogue is contingent on successful negotiations to end the war and reopen the Strait of Hormuz."US Treasury yields were higher, with the 10-year rate up two basis points at 4.46%, and the two-year rate rising 3.3 basis points to 4.04%.In economic news, the US manufacturing sector expanded to its highest level in four years last month amid strength in demand and production, though price pressures remained elevated, two separate surveys by the Institute for Supply Management and S&P Global (SPGI) showed."Even with improving activity, the persistence of elevated cost pressures is likely to constrain the pace of expansion and keep policymakers cautious, limiting the scope for near-term monetary-policy easing," TD Economics said in a note.Gold was last down 1.8% at $4,512.30 per troy ounce, while silver fell 1% to $75.13 per ounce.

Dow JonesNasdaq CompositeS&P 500$CRM$DELL$MSFT$NVDA$SPGI

US Markets13d ago

Equities Mostly Rise Intraday Amid Nvidia Rally; Oil Jumps

US benchmark equity indexes were mostly higher intraday as Nvidia (NVDA) helped lift the technology sector, while oil prices jumped as markets tracked the latest developments in the Middle East.The Nasdaq Composite was up 0.7% at 27,169.1 after midday Monday, while the S&P 500 rose 0.4% to 7,612.6. The Dow Jones Industrial Average was little changed at 51,017.1. All three benchmarks notched fresh closing highs in the previous session.Barring tech and energy, all sectors were in the red intraday Monday, led by utilities.In company news, Nvidia shares jumped 5.6%, among the top gainers on the Dow. On Sunday, the tech bellwether announced a new artificial intelligence chip to power Microsoft (MSFT) Windows personal computers, called RTX Spark, entering the consumer PC processor market.Microsoft shares were up 1.8% intraday Monday.Salesforce (CRM) was the best performer on the S&P 500, up 9.5%, after it said it will invest $2 billion in France through 2030. Separately, Salesforce said it agreed to buy Contentful, a "composable" content platform.Dell (DELL) shares were up 8.9% intraday, extending its rally. Morgan Stanley upgraded its rating on the computer maker's stock to equal-weight from underweight and raised its price target to $448 from $170. Dell is outperforming peers in navigating semiconductor supply shortages, the brokerage said.S&P 500 companies' quarterly earnings growth held steady at nearly 28%, compared with financials reported up until a week ago, putting the index on track to close out the most recent cycle well above estimates, Oppenheimer Asset Management said in a note.Hewlett Packard (HPE), Palo Alto Networks (PANW), Broadcom (AVGO) and CrowdStrike (CRWD) are scheduled to release quarterly results this week.West Texas Intermediate crude oil was up 4.8% at $91.54 a barrel, while Brent rose 3.9% to $94.70.Talks with Iran are continuing at "a rapid pace," US President Donald Trump said in a social media post Monday.Iran will suspend talks through intermediaries with the US and will move to completely shut the Strait of Hormuz in retaliation to alleged ceasefire violations, CNBC reported, citing Iran's state-affiliated news outlet Tasnim.In a separate social media post, Trump said he had a call with Israeli Prime Minister Benjamin Netanyahu, adding that no troops will be going to Beirut, while any troops that are on their way have already been turned back."Likewise, through highly placed representatives, I had a very good call with Hezbollah, and they agreed that all shooting will stop -- that Israel will not attack them, and they will not attack Israel," Trump said.US Treasury yields were higher intraday, with the 10-year rate up 1.6 basis points at 4.47%, and the two-year rate rising 3.5 basis points to 4.05%.In economic news, the US manufacturing sector expanded to its highest level in four years last month amid strength in demand and production, though price pressures remained elevated, two separate surveys by the Institute for Supply Management and S&P Global (SPGI) showed."Even with improving activity, the persistence of elevated cost pressures is likely to constrain the pace of expansion and keep policymakers cautious, limiting the scope for near-term monetary-policy easing," TD Economics said in a note.Gold was down 1.5% at $4,523.30 per troy ounce, while silver fell 0.4% to $75.59 per ounce.

Dow JonesNasdaq CompositeS&P 500$AVGO$CRM$CRWD$DELL$HPE$MSFT$NVDA$PANW$SPGI

US Markets13d ago

Manufacturing Sector Expansion Hits 4-Year High, ISM, S&P Surveys Show

The US manufacturing sector expanded to its highest level in four years last month amid strength in demand and production, though price pressures remained elevated, two separate surveys showed Monday.The Institute for Supply Management's purchasing managers' index increased to 54 in May from 52.7 the month prior, reaching its highest reading since May 2022. The consensus was for a 53 reading in a survey compiled by Bloomberg. A reading above 50 indicates the manufacturing sector is generally expanding.The ISM survey indicates "a meaningful improvement in underlying manufacturing momentum, with the broad-based pickup in new orders, production and trade flows signaling firmer demand conditions both domestically and externally," TD Economics Senior Economist Vikram Rai said in a note. "The rise in the headline PMI to a multiyear high, alongside gains in backlogs and inventories and a smaller share of activity in contraction, suggests that the sector is transitioning from a fragile recovery to a more durable expansion phase."The new orders index rose to 56.8 from 54.1 sequentially in May, while production improved to 54.3 from 53.4. The employment measure increased to 48.6 from 46.4, but remained in contraction for the 32nd straight month. The prices gauge fell to 82.1 from 84.6, indicating raw materials prices rose for a 20th consecutive month, the ISM survey showed."Even with improving activity, the persistence of elevated cost pressures is likely to constrain the pace of expansion and keep policymakers cautious, limiting the scope for near-term monetary-policy easing," Rai said.Markets widely expect the Federal Reserve to keep its benchmark lending rate unchanged later this month, which would mark its fourth straight pause, according to the CME FedWatch tool.Separately, S&P Global (SPGI) said Monday its manufacturing PMI advanced to 55.1 last month from 54.5 in April, also representing the highest print since May 2022. New orders "increased markedly," while output and sales were partly driven by stock building as firms looked to mitigate supply chain disruptions and elevated prices amid the ongoing Middle East conflict, the data provider said."The headline PMI has hit a four-year high, with strong factory production growth for a second successive month in response to a further marked upturn in order books," S&P Global Market Intelligence Chief Business Economist Chris Williamson said. "But since the outbreak of war in the Middle East, we have seen production and demand buoyed by stock building as companies worry over rising prices and supply difficulties."Input costs increased at a rate "unmatched" in almost four years, while supplier delivery times deteriorated to "the greatest extent" since August 2022, S&P said."Stockpiling was again widely evident in May and makes it hard to take an accurate reading on the underlying health of the manufacturing economy," Williamson said. "The resulting steep jump in producer costs sends a worrying signal that broader economy inflation has further to rise in the coming months."Price: $425.36, Change: $+1.36, Percent Change: +0.32%

$SPGI

Wire18d ago

Dave to Replace American Woodmark in S&P SmallCap 600

Dave (DAVE) is set to replace American Woodmark (AMWD) in the S&P SmallCap 600 before trading begins Monday, S&P Dow Jones Indices said.MasterBrand (MBC) is acquiring American Woodmark in a deal expected to close May 29, the S&P Global (SPGI) unit said Wednesday in a statement.Dave shares rose 4.2% in after-hours trading.

$AMWD$DAVE$SPGI

US Markets19d ago

Nasdaq, S&P 500 Log New Peaks as Micron Drives Tech Rally

The Nasdaq Composite and the S&P 500 reached new peaks on Tuesday, driven a Micron Technology (MU) led rally in the tech sector, while the Dow Jones Industrial Average retreated from a record high.The Nasdaq rose 1.2% to settle at 26,656.2, while the S&P 500 climbed 0.6% to 7,519.3 -- both notching new record finish. The Dow fell 0.2% to 50,461.7, after closing at a record high in the previous session.Six of the 11 sectors ended in the green, led by tech's 1.7% advance, while energy saw the steepest decline.US markets were closed Monday for the Memorial Day holiday.Micron shares surged 19%, the best performer on the S&P 500, as UBS Securities boosted it price target on the semiconductor manufacturer's stock to $1,625 from $535.Micron's market capitalization crossed the $1 trillion mark for the first time.Micron's valuation should get a further boost from long-term agreements in the memory industry, UBS said Tuesday.On Semiconductor (ON) shares jumped 9%, the second-top gainer on the S&P 500. Western Digital (WDC) shares climbed 8.3%, also among the biggest gainers on the index.Some 95% of S&P 500 companies have reported their quarterly financial results in the latest cycle, with earnings up about 28% from a year earlier and revenue rising 11.1%, Oppenheimer Asset Management said in a note.Ahead of the earnings season, FactSet put expected earnings growth at 12.6% year over year, according to the brokerage."The (first-quarter) earnings season rolled on, with many firms reporting strong results and positive guidance," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said. "Bears, skeptics, and nervous investors have been able to take some profits without (the fear of missing out) within what appears to us a bull market that persists having legs to run further."Costco Wholesale (COST), Marvell Technology (MRVL), Salesforce (CRM), and Dell Technologies (DELL) are slated to report results this week.West Texas Intermediate crude oil was down 3% at $93.72 a barrel in Tuesday late-afternoon trade, while Brent rose 3.6% to $99.63.Iran has a "legitimate" right to respond to any violation of a ceasefire by the US, CNN reported Tuesday, citing Tehran's Islamic Revolutionary Guard Corps. Earlier, the US military targeted Iranian missile launch sites and boats around the crucial Strait of Hormuz in what it described as "self-defense strikes," according to the report.US President Donald Trump said Monday that negotiations with Iran were "proceeding nicely," but encouraged countries including Saudi Arabia and Pakistan to join the Abraham Accords, aimed at normalizing diplomatic ties with Israel."While an extended conflict with Iran remains the largest risk to continued market gains, in our view, markets are positioned for more progress on peace talks and the Strait of Hormuz reopening," D.A. Davidson said in a report Tuesday.US Treasury yields were lower, with the 10-year rate last down 6.6 basis points at 4.5% and the two-year rate losing 7.7 basis points to 4.06%."Investors remain focused on whether energy markets stabilize or whether higher oil prices start feeding back into inflation expectations and bond yields again," Saxo Bank said in a report Tuesday.Elbit Systems' (ESLT) first-quarter results rose year on year, while the company said its order backlog topped $30 billion, lifted by surging demand from Israel's Ministry of Defense amid ongoing regional conflicts. The company's US-listed shares advanced 11%.AutoZone (AZO) shares plummeted 9%, the steepest decline on the S&P 500, after the auto parts retailer's fiscal third-quarter earnings topped market estimates, but revenue fell short.In economic news, US consumer confidence fell in May amid mounting inflation concerns as the Middle East conflict has stretched for about three months now, a survey by the Conference Board showed Tuesday.Separately, US annual home price growth decelerated in March, with more than half of the 20 major markets logging decreases, S&P Global (SPGI) division S&P Dow Jones Indices said Tuesday.Gold was last down 0.3% at $4,508.30 per troy ounce, while silver rose 1.5% $77.35 per ounce.

Dow JonesNasdaq CompositeS&P 500$AZO$COST$CRM$DELL$ESLT$MRVL$MU$ON$SPGI$WDC

US Markets19d ago

March Annual Home Price Growth Decelerates as Housing Slowdown Deepens, S&P Says

US annual home price growth decelerated in March, with more than half of the 20 major markets logging decreases, S&P Global (SPGI) division S&P Dow Jones Indices said Tuesday.The national S&P Cotality Case-Shiller Index rose 0.7% year over year in March without seasonal adjustments, down from a 0.8% increase the month prior. The 10- and 20-city composites increased 1.4% and 0.8%, respectively, in March. The measures slowed down from February's growth rates of 1.5% and 0.9%, respectively, according to the report."More than half of the 20 major US housing markets recorded year-over-year price declines in March, reflecting a broadening and deepening housing slowdown," said Nicholas Godec, head of fixed income tradables and commodities at S&P Dow Jones Indices. "With consumer inflation accelerating to roughly 3.3% in March, US home values have now fallen in real terms for the 10th consecutive month, underscoring an ongoing erosion of inflation-adjusted housing wealth."Markets in the Northeast and Midwest are sustaining "modest" growth in prices, while much of the Sun Belt and Western regions continue to see decreases, Godec said.Among the 20 cities, prices in Seattle fell 2.5% year over year in March, the steepest decline. Chicago logged the highest annual gain of 6.1%, followed by New York and Cleveland, the data showed.Sequentially, pre-seasonally adjusted national home prices increased 0.7% in March, compared with a 0.3% rise the month prior. The 10-city composite index was up 1.2%, while the 20-city composite increased 1%, the data showed. In February, the 10- and 20-city composites advanced 0.6% and 0.4%, respectively, according to the report."Monthly price movements offered a seasonal spring lift, but little underlying momentum," Godec said. "The 30-year fixed (mortgage) rate dipped below 6% in late February, but rebounded to roughly 6.4% by the end of March, re-intensifying the affordability squeeze on buyers and potentially further damping home sales and price growth."Separately, the Federal Housing Finance Agency said US home prices increased 0.1% sequentially in March. In the first quarter, prices rose 0.5% from the linking quarter and 1.7% annually, according to the report.Price: $413.10, Change: $-4.51, Percent Change: -1.08%

$SPGI

Sectors25d ago

Sector Update: Financial Stocks Fall Premarket Thursday

Financial stocks were falling premarket Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.4%.The Direxion Daily Financial Bull 3X Shares (FAS) was down 1.1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.9% higher.S&P Global (SPGI) shares were down more than 1% after the company said its board of directors has approved the planned spinoff of its mobility division.JPMorgan Chase (JPM) Chief Executive Jamie Dimon said the investment bank will likely hire more artificial intelligence specialists and fewer bankers, Bloomberg reported, citing an interview. JPMorgan Chase stock was 0.4% lower pre-bell.KKR (KKR) has made an $80 million primary growth investment in Fresha in a transaction valuing the AI-powered beauty and wellness platform at over $1 billion, Fresha said. KKR shares were down 2.3% premarket.

$FAS$FAZ$JPM$KKR$SPGI$XLF

Sectors25d ago

Sector Update: Financial

$SPGI

US Markets25d ago

Stocks Down Pre-Bell as Traders Monitor US-Iran Developments, Parse Nvidia Earnings

US equity markets were trending lower before the opening bell Thursday as traders monitor the latest developments in the US-Iran conflict and digest tech bellwether Nvidia's (NVDA) quarterly earnings.The S&P 500 fell 0.4% and the Dow Jones Industrial Average slipped 0.3% in premarket activity, while the Nasdaq was down 0.5%. The indexes finished the previous trading session higher, with the Nasdaq and S&P 500 snapping a three-day losing streak.Iranian Foreign Ministry spokesperson Esmaeil Baghaei said Thursday that Tehran is reviewing the latest US proposal to end the war in the Middle East, CNBC reported, citing state-run agency Nour News.President Donald Trump told reporters on Wednesday that negotiations with Iran had reached the final stages, though he warned of further attacks if Tehran backs out, according to several media outlets. "We'll either have a deal or we're going to do some things that are a little bit nasty," Trump said, according to a Bloomberg News report. "But hopefully that won't happen."Earlier on Wednesday, Iran's Islamic Revolutionary Guard Corps reportedly said that it would retaliate beyond the Middle East if the US or Israel resumed their military attacks against the country.West Texas Intermediate crude oil slipped 0.2% to $98.01 a barrel before the open, while Brent decreased 0.6% to $104.42.Shares of Nvidia (NVDA) slipped 0.2% pre-bell after the chipmaking giant reported fiscal first-quarter revenue above Wall Street's estimates, as data center sales outperformed expectations amid an artificial intelligence boom. For the current quarter, Nvidia said it anticipates revenue of $91 billion, plus or minus 2%.Intuit's (INTU) stock dropped 14% after the financial technology platform reported better-than-expected fiscal third-quarter results and disclosed plans to reduce its workforce by about 17%. Urban Outfitters (URBN) declined 1.4% after its financial results.Federal Reserve officials flagged the possibility of higher interest rates if the Middle East conflict drags on and keeps inflation above the 2% goal, minutes from the central bank's April meeting showed on Wednesday.Meeting participants generally determined that elevated inflation, combined with uncertainty around the duration and impact of the Iran war, could justify holding rates for longer than previously anticipated. However, majority of Fed officials pointed out that "some policy firming would likely become appropriate if inflation were to continue to run persistently above 2%."Treasury yields were rising before the open, with the two-year rate gaining 6.6 basis points to 4.1% and the 10-year rate adding 5.1 basis points to 4.62%.Thursday's economic calendar has the housing starts and permits report for April at 8:30 am ET, along with the weekly jobless claims bulletin and the Philadelphia Fed manufacturing index for May. The S&P Global's (SPGI) flash purchasing managers' index for May is out at 9:45 am, followed by the Kansas City Fed manufacturing index for the same month at 11 am.Richmond Fed President Thomas Barkin is scheduled to speak at 12:20 pm.Walmart (WMT), Deere (DE), NetEase (NTES), Williams-Sonoma (WSM), Ralph Lauren (RL), Nio (NIO) and Advance Auto Parts (AAP) report their latest financial results before the bell, among others. Ross Stores (ROST), Take-Two Interactive Software (TTWO), Workday (WDAY), Zoom Communications (ZM) and Deckers Outdoor (DECK) release their earnings after the markets close.Gold was down 0.4% at $4,519 per troy ounce, while bitcoin fell 0.3% to $77,255.

Dow JonesNasdaq CompositeS&P 500$AAP$DE$DECK$INTU$NIO$NTES$NVDA$RL$ROST$SPGI$TTWO$URBN$WDAY$WMT$WSM$ZM

US Markets31d ago

New York Manufacturing Logs Fastest Growth Since 2022 Amid Strong Demand

New York manufacturing activity grew at the fastest pace in more than four years this month amid robust new orders, the Federal Reserve Bank of New York reported Friday.The Empire State Manufacturing Survey's general business conditions index climbed to 19.6 in May, the highest reading since April 2022, from 11 last month, the Fed branch said. The consensus was for a reading of 7.2 in a survey compiled by Bloomberg.The gauge for new orders rose to 22.7, the fastest growth since December 2021, from 19.3. Shipments slipped to 18.9, which the Fed branch said still indicated solid growth."New orders and shipments increased considerably for the second consecutive month," the Fed branch said in a report.The Institute for Supply Management and S&P Global (SPGI) earlier this month reported manufacturing growth in April, though they said inflationary pressures intensified amid disruptions caused by the Middle East conflict.The New York Fed report showed notable increases in input and selling price growth, while the gauge for employment fell to 8.3 from 9.8.US consumer inflation accelerated in April to the fastest pace in almost three years as energy prices surged amid supply disruptions caused by the conflict in the Middle East, the Bureau of Labor Statistics reported Tuesday. Producer prices rose at the quickest pace in four years, separate data set showed.Six months out, the index for business activity surged about 14 points to 33.5 this month, the highest reading in three months, the report showed. The future new order and shipment gauges also improved, with more than half of the respondents expecting better business conditions in the coming months, the Fed branch said.Price: $409.55, Change: $+5.63, Percent Change: +1.39%

$SPGI

Wire32d ago

F&G Annuities & Life to Join the S&P SmallCap 600, Replacing Mister Car Wash

F&G Annuities & Life (FG) will join the S&P SmallCap 600, effective before the market opens Tuesday, S&P Dow Jones Indices said Wednesday in a statement.F&G Annuities will replace Mister Car Wash (MCW), which is being acquired by Leonard Green & Partners in a deal expected to close soon, according to the statement.F&G shares rose 3% in after-hours trading.S&P Dow Jones Indices is a division of S&P Global (SPGI).

$FG$MCW$SPGI

Sectors33d ago

Sector Update: Financial Stocks Higher Late Afternoon

Financial stocks advanced in late Tuesday afternoon trading, with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.9%.The Philadelphia Housing Index was down 1.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.2%.Bitcoin (BTC-USD) was falling 1.2% to $80,732, and the yield for 10-year US Treasuries climbed 5.3 basis points to 4.46%.In economic news, the US seasonally adjusted consumer price index jumped by 3.8% in April from 3.3% in the prior month, according to data released Tuesday by the Bureau of Labor Statistics, compared with the 3.7% consensus. Core CPI, which excludes food and energy prices, climbed by 2.8% from 2.6%, versus expectations for 2.7%.The CPI increased 0.6% in April, as expected, following a 0.9% increase in the previous month. Core CPI gained 0.4%, higher than the consensus estimate for a 0.3% increase. Core CPI rose by 0.2% in March.In corporate news, the Department of Justice said Tuesday it secured a settlement with PayPal (PYPL) under which the company must launch a new Small Business Initiative that excludes criteria based on national origin, race or other protected characteristics. PayPal shares rose 0.9%.S&P Global (SPGI) shares added 0.7% after its Energy division said Tuesday it has launched the HorizonsAgents suite of AI-backed tools to turn energy and sustainability data into insights for financial institutions and other clients.JPMorgan Chase (JPM) Chief Executive Jamie Dimon said Tuesday on Bloomberg TV that financial markets may be showing "a little bit too much exuberance" given current inflation risks and geopolitical tensions. JPMorgan shares were up 1.7%.Carlyle (CG) and Yum China (YUMC) are among the companies seeking to acquire Jardine Matheson restaurant unit, which runs KFC and Pizza Hut chains in Hong Kong, Taiwan, and other Asian locations, in a deal worth around $400 million, Reuters reported. Carlyle shares rose 1.1%.

$CG$JPM$PYPL$SPGI

Sectors33d ago

Sector Update: Financial

Financial stocks were higher in late Tuesday afternoon trading, with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.9%.The Philadelphia Housing Index was down 1.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.2%.Bitcoin (BTC-USD) was falling 1.2% to $80,732, and the yield for 10-year US Treasuries climbed 5.3 basis points to 4.46%.In corporate news, S&P Global (SPGI) shares added 0.9% after its Energy division said Tuesday it has launched the HorizonsAgents suite of AI-backed tools to turn energy and sustainability data into insights for financial institutions and other clients.

$SPGI

Wire34d ago

S&P Global Energy Expands AI Offering With HorizonsAgents Platform

S&P Global's (SPGI) Energy division said Tuesday it launched HorizonsAgents suite of AI-powered tools to turn complex energy and sustainability data into decision-ready insights for financial institutions, corporates and project developers.The company said the agentic AI system can generate in minutes comparable, decision-ready intelligence on energy security, expansion and transition projects, while improving consistency and auditability in regulated workflows.S&P Global Energy said the platform integrates proprietary data to speed screening, benchmarking and portfolio analysis as demand rises for AI-driven infrastructure and energy transition investments.Shares of S&P Global were up 1.4% in Tuesday trading.Price: $427.04, Change: $+6.04, Percent Change: +1.43%

$SPGI

US Markets40d ago

Nasdaq, S&P 500 Hit Fresh Peaks as Oil Retreats

The Nasdaq Composite and the S&P 500 advanced to new highs on Tuesday as oil prices pulled back, while traders digested a fresh batch of corporate earnings reports.The Nasdaq rose 1% to 25,326.1, while the S&P 500 climbed 0.8% to 7,259.2, both marking their highest finish ever. The Dow Jones Industrial Average advanced 0.7% to 49,298.3.All sectors ended in the green, led by materials followed by technology. Intel (INTC), Micron Technology (MU), Apple (AAPL), and Cisco Systems (CSCO) were among the tech names that logged gains on Tuesday.West Texas Intermediate crude fell 3.4% to $102.81 per barrel in afternoon trading, while Brent shed 3.6% to $110.31.US Defense Secretary Pete Hegseth reportedly said that the ceasefire agreement with Iran remained intact despite renewed tensions in the Gulf region.The comment came a day after Tehran fired missiles and drones at the United Arab Emirates, reigniting concerns about the fragile ceasefire between the US and Iran.The US military destroyed six Iranian boats in the Strait of Hormuz on Monday after Tehran attacked US Navy ships and commercial vessels, CNN reported, citing Admiral Brad Cooper, the head of the US Central Command. A senior Iranian military official reportedly disputed that claim.US Treasury yields were lower, with the 10-year rate down 2.1 basis points at 4.42% and the two-year rate falling 1.6 basis points to 3.95%.In company news, Pinterest (PINS) shares jumped 6.8%. The image-sharing platform company posted better-than-expected first-quarter results late Monday and forecast up to 16% revenue growth year over year for the ongoing three-month period.Shopify (SHOP) on Tuesday issued a second-quarter revenue outlook that implied a sequential slowdown in annual growth. The stock slid nearly 16%.PayPal (PYPL) shares slumped 7.8% after the payments company said it was targeting at least $1.5 billion in cost cuts over the next few years, while it maintained its full-year earnings outlook.Palantir Technologies (PLTR) shares dropped 6.9%, despite the software maker raising its 2026 revenue outlook and first-quarter results topping Wall Street's expectations.In economic news, two surveys released Tuesday painted a mixed picture of the US services sector in April, with Institute for Supply Management data showing a deceleration in growth and an S&P Global (SPGI) report indicating a return to expansion."The services sector continues to expand, but the sharp cooling in new orders alongside still-subdued employment momentum suggests growth may be becoming less durable," TD Economics Senior Economist Vikram Rai said in a note.On Friday, ISM and S&P surveys showed that the US manufacturing sector saw continued growth in April, though inflationary pressures intensified amid disruptions caused by the Middle East conflict.New-home sales in the US grew past Wall Street's estimates for March, driven by a demand surge in the Northeast region, government data showed.Gold rose 0.8% to $4,568.70 per troy ounce, while silver lost 0.3 % to $73.30 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$CSCO$INTC$MU$PINS$PLTR$PLYPL$SHOP$SPGI

US Markets40d ago

Equities Rise Intraday as Hegseth Says US-Iran Ceasefire Still Holds

US benchmark equity indexes were higher intraday as oil prices fell after Defense Secretary Pete Hegseth said the ceasefire agreement with Iran remains intact.The Nasdaq Composite was up 1% at 25,307.8 after midday Tuesday, while the S&P 500 rose 0.9% to 7,262.2. The Dow Jones Industrial Average advanced 0.7% to 49,283. Barring financials and communication services, all sectors were in the green, led by materials.West Texas Intermediate crude was down 4.4% at $101.73 per barrel in afternoon trading, while Brent fell 4% to $109.91."The ceasefire is not over," Hegseth said in a press briefing at the Pentagon, according to a CNBC report.The comment came a day after Tehran fired missiles and drones at the United Arab Emirates, reigniting concerns about an already fragile ceasefire between the US and Iran.The US military destroyed six Iranian boats in the Strait of Hormuz on Monday after Tehran attacked US Navy ships and commercial vessels, CNN reported, citing Admiral Brad Cooper, the head of the US Central Command. A senior Iranian military official reportedly disputed that claim.US Treasury yields were lower intraday, with the 10-year rate down 2.9 basis points at 4.41% and the two-year rate falling 2.6 basis points to 3.94%.In company news, Pinterest (PINS) shares were advancing by 9.1% in Tuesday afternoon trading. The image-sharing platform company posted better-than-expected first-quarter results late Monday and forecast up to 16% revenue growth year over year for the ongoing three-month period.Shopify (SHOP) on Tuesday issued a second-quarter revenue outlook that implied a sequential slowdown in annual growth. The stock was down 15%.PayPal (PYPL) shares were down 9.1% intraday, the third-worst performer on the S&P 500. The payments company said it was targeting at least $1.5 billion in cost cuts over the next few years, while it maintained its full-year earnings outlook.Palantir Technologies (PLTR) shares were down 6.6% intraday, among the worst performers on the S&P 500, despite the software maker raising its 2026 revenue outlook and first-quarter results topping Wall Street's expectations.Advanced Micro Devices (AMD) and Arista Networks (ANET) are expected to announce their earnings after the markets close.In economic news, two surveys released Tuesday painted a mixed picture of the US services sector in April, with Institute for Supply Management data showing a deceleration in growth and an S&P Global (SPGI) report indicating a return to expansion."The services sector continues to expand, but the sharp cooling in new orders alongside still-subdued employment momentum suggests growth may be becoming less durable," TD Economics Senior Economist Vikram Rai said in a note.On Friday, ISM and S&P surveys showed that the US manufacturing sector saw continued growth in April, though inflationary pressures intensified amid disruptions caused by the Middle East conflict.New-home sales in the US grew past Wall Street's estimates for March, driven by a demand surge in the Northeast region, government data showed.Gold rose 0.7% to $4,566.70 per troy ounce, while silver advanced 0.4 % to $73.82 per ounce.

Dow JonesNasdaq CompositeS&P 500$AMD$ANET$PINS$PLTR$PLYPL$SHOP$SPGI

Showing 1-20 of 32