Stocks shrugged off an afternoon slump and ended higher on Wall Street on Wednesday after the Federal Reserve announced its first interest rate hike since 2018.

Bond yields also rose as the Fed began to shift its policy focus to fighting inflation. As markets had expected, the Fed raised its short-term rate by 0.25 percentage points. The move marks a move away from keeping the ultra-low interest rates it had in place during the worst part of the pandemic, which were meant to stimulate the economy, by the Fed. Now that prices are rising, that is changing course.

Wednesday:

The S&P 500 rose 95.41 points, or 2.2%, to 4,357.86.

The Dow Jones Industrial Average rose 518.76 points, 1.5%, to 34,063.10.

The Nasdaq gained 487.93 points, or 3.8%, to 13,436.55.

The Russell 2000 Small Business Index rose 61.75 points, or 3.1%, to 2,030.72.

For the week:

The S&P 500 is up 153.55 points, or 3.7%.

The Dow is up 1,118.91 points, or 3.4%.

The Nasdaq is up 592.75 points, or 4.6%.

The Russell 2000 is up 51.05 points, or 2.6%.

For the year:

The S&P 500 is down 408.32 points, or 8.6%.

The Dow is down 2,275.20 points, or 6.3%.

The Nasdaq is down 2,208.42 points, or 14.1%.

The Russell 2000 is down 214.59 points, or 9.6%.

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

stock index in Hong Kong, Monday, March 14, 2022. Stocks were mixed in Asia and oil prices were flat on Monday as Uncertainty over the war in Ukraine and persistently high inflation left investors guessing what to expect. (AP Photo/Kin Cheung)” title=”A woman wearing a face mask walks past a bank’s electronic board showing the Hong Kong stock index in Hong Kong, Monday, March 14, 2022. Stocks were mixed in Asia and oil prices were flat on Monday as Uncertainty over the war in Ukraine and persistently high inflation left investors guessing what to expect. (AP Photo/Kin Cheung)” loading=”lazy”/>

BANGKOK

Asian stocks were mostly down and oil prices fell on Tuesday after another day of losses on Wall Street, anxiety over the war in Ukraine and an upcoming Federal Reserve meeting on interest rates. keeping global financial markets on edge.

Markets remain confused as investors try to assess the various economic impacts of the war in Ukraine, upcoming rate hikes by central banks and new virus lockdowns in China. Tokyo rose while markets in China, Australia and South Korea fell.

Shares have fallen sharply in Hong Kong recently, falling to nearly six-year lows after neighboring Shenzhen was ordered to shut down to battle China’s worst COVID-19 outbreak in two years.

The Hang Seng index lost 2.4% on Tuesday morning to 19,068.49, while the Shanghai Composite fell 2.1% to 3,157.14.

Tokyo’s Nikkei 225 rose 0.3% to 25,385.11, while Seoul’s Kospi fell 0.6% to 2,630.34. Australia’s S&P/ASX 200 slipped 0.6% to 7,108.80 and shares also fell in Taiwan and Bangkok.

Oil prices fell, easing some inflationary pressure sweeping the world, with U.S. crude falling below $100 a barrel after hitting $130 last week.

U.S. crude fell $4.14 to $98.87 a barrel in electronic trading on the New York Mercantile Exchange. It fell from $6.32 to $103.01 on Monday.

Brent crude, the standard for international oil pricing, fell $3.90 to $103.00 a barrel.

Uncertainty over whether the global economy could be headed for a toxic combination of stagnant growth and persistently high inflation has led to a resumption of the pandemic in question, Russia’s invasion of Ukraine causing the prices of oil, wheat and other commodities produced in the region to skyrocket.

This has led to sharp day-to-day and hour-to-hour reversals in the markets as expectations of worsening inflation rise and fall.

“Markets seem to have tampered with a strange mix of hope, fear and uncertainty,” Mizuho Bank said in a comment.

On Monday, negotiators from Russia and Ukraine met via video conference for a new round of talks, after both sides expressed some optimism in recent days. The talks ended without a breakthrough after several hours. The negotiators took “a technical break”, said Ukrainian presidential aide Mykhailo Podolyak, and planned to meet again on Tuesday.

Investors were already worried before the start of the war because central banks around the world are preparing to end the stimulus measures they injected into the global economy after the outbreak of the pandemic.

Most people expect the Federal Reserve to raise its main short-term interest rate by a quarter of a percentage point on Wednesday. It would be the first increase since 2018, and it would take the federal funds rate down from its all-time high of near zero.

On Monday, the S&P 500 gave up an early gain and closed 0.7% lower at 4,173.11, while the Dow Jones Industrial Average was virtually unchanged at 32,945.24. The Nasdaq fell 2% to 12,581.22.

Shares of smaller companies also fell. The Russell 2000 Index slid 1.9% to 1,941.72.

The pullback came as the 10-year Treasury yield hit its highest level since the summer of 2019.

The 10-year Treasury yield climbed to 2.16% from 2.00% on Friday evening after hitting its highest level since July 2019. The two-year yield, which moves more on expectations of policy changes of the Fed, went from 1.75% to 1.86%. .

The Fed faces the challenge of raising rates just fast enough and high enough to fight inflation without overdoing it and causing a recession.

The war in Ukraine makes the balancing act even more difficult. He’s pushing inflation higher by raising the prices of everything from nickel to natural gas. And it threatens to stunt economic growth.

In currency trading, the dollar rose to 118.34 Japanese yen, its highest level in about six years, from 118.18 yen on Monday night. The dollar tends to serve as a safe haven in times of crisis, and the prospect of higher interest rates enhances its appeal to investors.

The weak yen is a boon for Japanese exporting manufacturers as it makes their products relatively cheaper and more competitive in overseas markets. Shares of Toyota Motor Corp. gained 2.5% early Tuesday,

The euro fell from $1.0941 to $1.0979.

____

AP Business Writers Stan Choe, Alex Veiga, and Damian J. Troise contributed.

BEIJING (AP) — Asian stock markets rebounded on Thursday and oil prices rose after the head of the Federal Reserve said he supported a lower interest rate hike than some had expected.

Shanghai, Tokyo, Hong Kong and Sydney advanced even as Russian forces whose attack on Ukraine rocked financial markets bombarded the country’s second-largest city and besieged two ports.

Wall Street’s benchmark S&P 500 rose 1.9% on Wednesday, recouping this week’s losses after Fed Chairman Jerome Powell said the US central bank was poised to hike its rate director for the first time since 2018. He said he supported a traditional rate hike of 0.25 percentage points instead of the larger hike recommended by some policymakers.

Powell said the impact on the US economy of Russia’s attack is “highly uncertain.”

“Markets reacted positively to the remarks, which is a questionable interpretation of Powell’s nuanced comments,” ING economists said in a report. “Volatility is key here, and uncertainty. That’s not going away anytime soon.”

The Nikkei 225 in Tokyo rose 0.8% to 26,608.21 and the Hang Seng in Hong Kong gained 0.6% to 22,469.66. The Shanghai Composite Index rose 0.1% to 3,487.78.

Seoul’s Kospi gained 1.6% to 2,745.45 and Sydney’s S&P-ASX 200 rose 0.8% to 7,171.10. New Zealand and Southeast Asian markets also grew.

Stock prices have fluctuated wildly as investors try to figure out how the Russian attack will affect supplies of oil, wheat and other raw materials and the global recovery from the coronavirus pandemic.

Traders were already worried about plans by the Fed and other central banks to fight inflation by withdrawing ultra-low interest rates that have boosted stock markets.

The S&P 500 rose to 4,386.54. The Dow Jones Industrial Average gained 1.8% to 33,891.35. The Nasdaq composite advanced 1.6% to 13,752.02.

Over 90% of S&P 500 stocks rose. Technology, finance and healthcare companies accounted for a large share of the rally. Energy stocks also helped push the index higher due to higher oil prices.

Ford Motor Co. jumped 8.4% after announcing it was accelerating its transformation into an electric vehicle company and separating its electric vehicle and internal combustion businesses.

The yield on the 10-year Treasury bond, or the difference between its market price and the payment at maturity, rose to 1.89% from 1.72% on Tuesday. However, yields were still lower than they were before the Russian invasion.

In energy markets, benchmark U.S. crude rose another $2.68 to $113.28 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the price base for international oils, added $3.61 to $116.54 a barrel in London.

Both gains were lower than Wednesday’s surge of over $7 a barrel, but still unusually wide margins for a daily change.

Leaders of OPEC and other major oil exporters decided on Wednesday to stick to plans for a gradual increase in production. The coalition, made up of OPEC members led by Saudi Arabia and non-cartel members led by Russia, opted to increase production by 400,000 barrels per day in April.

Also this week, the United States and other major oil consumers at the International Energy Agency agreed to release 60 million barrels of strategic reserves to boost supply. But this had little impact on market prices.

In currency markets, the Russian ruble gained 3.4% against the US dollar, but was still near a record low of less than 1 cent. It has fallen nearly 25% since the attack after Western governments imposed sanctions that cut off much of Russia’s access to the global financial system.

The dollar gained 115.63 yen from 115.58 yen on Wednesday. The euro fell to $1.1097 from $1.1126.

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

Shares of Huntsman Corp (HUN) closed today 0.7% below their 52-week high of $41.50, giving the company a market capitalization of $8 billion. The stock is currently up 17.7% year-to-date, 47.3% over the past 12 months and 119.3% over the past five years. This week, the Dow Jones Industrial Average fell 2.5% and the S&P 500 2.7%.

Commercial activity

• Trading volume this week was 67.5% above the 20-day average.
• The beta, a measure of the stock’s volatility relative to the broader market, is 1.0.

Technical indicators

• The stock’s Relative Strength Index (RSI) was above 70, indicating that it may be overbought.
• The MACD, a momentum indicator that follows the trend, indicates an upward trend.
• The stock closed below its Bollinger Band, indicating it may be oversold.
• The stock closed 3.1% higher than its 5-day moving average, 11.3% higher than its 20-day moving average and 20.0% higher than its 90-day moving average.

Comparative market performance

• The company’s stock price is the same as the S&P 500 index, beats it on a 1-year basis and beats it on a 5-year basis
• The company’s stock price is the same as the Dow Jones Industrial Average, beats it on a 1-year basis and beats it on a 5-year basis
• The company’s share price is the same as the performance of its peers in the materials industry sector, beats it on a 1-year basis and beats it on a 5-year basis

Comparative performance by group

• The company’s year-to-date stock price performance beats the peer average by -833.0%
• The company’s stock price performance over the past 12 months outperforms the peer average by 497.6%
• The company’s price-to-earnings ratio, which relates a company’s stock price to its earnings per share, is -64.2% below average.

This story was produced by the Kwhen automated news generator. For more articles like this, please visit us at finance.kwhen.com. Write to [email protected]. © 2020 Kwhen Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Bench-Corp. (ASB) today closed 0.9% below its 52-week high at $25.78, giving the company a market capitalization of $3 billion. The stock is currently up 12.6% year-to-date, 38.8% over the past 12 months and 11.8% over the past five years. This week, the Dow Jones Industrial Average fell 1.2% and the S&P 500 1.1%.

Commercial activity

• Trading volume this week was 29.1% below the 20-day average.
• The beta, a measure of the stock’s volatility relative to the broader market, is 0.9.

Technical indicators

• The stock’s relative strength index (RSI) was between 30 and 70.
• The MACD, a momentum indicator that follows the trend, indicates an upward trend.
• The stock closed below its Bollinger Band, indicating it may be oversold.

Comparative market performance

• The company’s stock price is the same as the S&P 500 index, beats it on a 1-year basis and lags it on a 5-year basis
• The company’s stock price is the same as the Dow Jones Industrial Average, beats it on a 1-year basis and lags it on a 5-year basis
• The company’s share price is the same as the performance of its peers in the financial industry sector, beating it on a 1-year basis and lagging it on a 5-year basis

Comparative performance by group

• Year-to-date, the company’s stock price performance outperforms the peer average by 67.7%
• The company’s stock price performance over the past 12 months exceeds the peer average by 6.5%
• The company’s price-to-earnings ratio, which relates a company’s stock price to its earnings per share, is -57.3% below average.

This story was produced by the Kwhen automated news generator. For more articles like this, please visit us at finance.kwhen.com. Write to [email protected]. © 2020 Kwhen Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

NEW YORK – Wall Street ended a rather bullish week for stocks on Friday with a mixed end to major indexes and a surge in Treasury yields after a U.S. jobs report shattered investor expectations that the Federal Reserve may soon begin to raise interest rates sharply.

The S&P 500 settled for a 0.5% gain after swinging between a 0.6% decline and a 1.4% gain. The Dow Jones Industrial Average slipped 0.06% after a last-minute selloff. The Nasdaq composite rose 1.6%. All three indexes posted a weekly gain for the second week in a row.

The latest monthly jobs data was the focus of investors’ concerns. The Labor Department said employers added 467,000 jobs last month, tripling economists’ forecasts. Some economists even expected a loss of jobs amid the spike in coronavirus infections in January due to the omicron variant.

The stronger-than-expected data appears to lock in the Fed’s pivot to fighting inflation by raising rates and taking other actions that would ultimately dampen markets. A 13.5% gain for online retail giant Amazon after the company released a strong earnings report helped lift the S&P 500, although more shares fell than rose in the benchmark index.

“Until you get a clearer picture of what the Fed tightening will be like, you should expect volatility to be similar to what we’ve seen over the past two weeks,” said Matt Stucky, senior portfolio manager at Northwestern Mutual. Richness.

The S&P 500 rose 23.09 points to 4,500.53, while the Dow slipped 21.42 points to 35,089.74. The Nasdaq gained 219.19 points to 14,098.01, while smaller shares of the Russell 2000 rose 11.33 points, or 0.6%, to 2,002.36.

Treasury yields jumped immediately after the release of the jobs report on expectations that the Fed will raise short-term interest rates more aggressively than expected. The two-year yield, which tends to move with expectations for Fed stocks, jumped to 1.31%, its highest level since the start of the pandemic.

Most people expect the Fed to raise short-term rates next month from their all-time low of near zero, with the only question being how much.

Any increase would mark a sharp turnaround from much of the past two years, when ultra-low rates drove up prices for everything from stocks to cryptocurrencies. Bonds paying more interest would mean that investors feel less need to chase such risky returns.

That’s why Wall Street has been so shaky over the past month as investors rush to take action to get ahead of the Fed. On the one hand, higher rates will likely mean that equity investors pay lower prices for every dollar of profit a company produces. On the other hand, stock prices could still remain resilient if these corporate earnings continue to rise.

Amazon joined the list of early adopters after announcing stronger results for its latest quarter than analysts expected. Because it’s one of the biggest stocks on Wall Street by market value, its movements have an outsized effect on the S&P 500 and other indexes.

Snap, the parent of Snapchat, soared 58.8% and Pinterest gained 11.2% after its own earnings reports.

Facebook’s parent company fell another 0.3% a day after wiping more than $230 billion from its market value, by far the biggest one-day loss in history for a US company.

Ford fell 9.7% and was another of the heaviest weights in the S&P 500 after reporting weaker-than-expected revenue and earnings for the last quarter.

Information for this article was provided by Elaine Kurtenbach of The Associated Press.

Shares of Google’s parent company Alphabet fell 9% from $3,019 – hitting their per-share high in early November before tech stocks plunged on fears of Fed tightening to fight the coronavirus. ‘inflation.

With the details of the Fed’s strategy priced into the market, investors should turn their attention to the companies most likely to sustain faster-than-expected growth.

And that means Google’s stock is about to go up. How? ‘Or’ What?

• Stunning Fourth Quarter Report
• Leadership in digital ads, catch-up in the cloud
• Cash inflow from retail investors

(I have no financial interest in any securities mentioned in this post).

Fourth quarter Boffo report

Investors always like stocks of companies that exceed expectations and increase forecasts. It’s no wonder Alphabet shares rose about 11% to an all-time high in premarket trading.

The catalyst is the company’s fourth-quarter revenue and earnings, which beat investor expectations. Alphabet’s revenue rose 32% to $75.33 billion, $3.17 billion more than expected, while its earnings per share of $30.69 were 12% higher, according to CNBC. to the Refinitiv consensus.

CNBC reported that Google exceeded expectations in many key business areas:

• Ad revenue – which accounted for 81% of revenue – rose 33% to $61.24 billion;
• YouTube ad revenue was light – at $8.63 billion – $240 million below expectations
• Google Cloud revenue up 45% to $5.54 billion, $70 million more than expected

MarketWatch reported that Alphabet did not provide guidance for the first quarter, which does not appear to be of concern to investors.

Digital advertising market leadership, cloud catch-up

Alphabet is a leader in digital advertising and is expanding its share of the cloud computing industry in an effort to become less dependent on it.

U.S. digital ad spend grew 38.3% in 2021 to over $200 billion. According to eMarketer, Google leads the industry with 28.6% market share in 2021, ahead of Facebook (24.2%) and Amazon (11.6%). By 2023, eMarketer predicted that Google’s share would decrease by 26.4% while Facebook (24.1%) and Amazon (14.6%) would increase their market share.

For investors keen to see how Alphabet will make up for this decline, Google’s strategy to increase its share of the $164 billion cloud computing industry could take comfort. According to the Wall Street Journal, Google lags – with 6% of the market – behind Amazon (41% share) and Microsoft (20%).

Still, Google’s 45% revenue growth rate compares favorably to what Synergy Research estimates to be the industry’s 27% growth. Google’s investment in CME Group and other cloud computing customers has helped it book long-term cloud contracts. “However, costs contributed to the cloud business posting a loss of $1.45 billion for the period,” according to the Journal.

Possible inclusion in the Dow Jones Industrial Index

Alphabet has another advantage when it comes to increasing its stock price: most people around the world use its services multiple times. These satisfied customers might be inclined to follow the saying of ex-Fidelity Magellan honcho Peter Lynch and invest in what they know.

Unfortunately, this has been difficult in recent years due to Alphabet’s high stock price. But that problem could be alleviated with Google’s plan for July 15 “a 20-to-1 stock split in the form of a one-time special stock dividend,” according to Bloomberg.

That would bring the price per share down to around $140 – where the stock hasn’t been since 2005. As Ed Clissold, chief US strategist at Ned Davis Research, told Bloomberg “Institutional investors can buy in size and the price per share does not matter, but for a small investor, a lower price per share makes it easier to buy a reasonable number of shares.

The split could increase the chances of Alphabet shares being added to the Dow Jones Industrial Average, which could bring a lot more capital into the stock. As Bloomberg explained, the DJIA is a price-weighted index, and a four-digit price makes a company’s stock price too high to add to the index, “without overwhelming it. all other members”.

Morningstar says Alphabet stock is trading 31% below its fair value estimate of $3,600. Senior equity analyst Ali Mogharabi is optimistic about its potential for profitable growth, citing expansion into “search advertising, further monetization of YouTube through the strengthening of its network-effect moat source and the ‘Google’s Cloud Growth Acceleration’.

While he warns of a decline in margins in 2022 due to “aggressive investments in the cloud offering”, he expects a return to margin expansion in 2023.

Global stocks rose to start the week, although markets in China, South Korea and Southeast Asia were closed for the Lunar New Year holiday. London and Frankfurt opened higher. Tokyo and Hong Kong rose while Sydney declined.

Investors had to navigate the markets following the Federal Reserve’s decision to rein in inflation by accelerating interest rate hikes, while ending bond purchases and other stimulus measures that have drive up stock prices.

On Friday, the S&P 500 rose 2.4% for its biggest gain since June 2020. The Dow added 1.7% and the Nasdaq composite jumped 3.1%.

In early trading, the FTSE 100 in London was flat and the DAX in Frankfurt rose 0.3%. The CAC in Paris is down 0.3%.

In Asia, the Nikkei 225 in Tokyo rose 1.1% after the government announced that retail sales in December fell 1% from the 2.5-year high of the previous month. This is explained by a 4% drop in food purchases.

The Hang Seng gained 1.1% while the Sydney S&P-ASX 200 lost 0.2%.

India Sensex rose 1.4% while the New Zealand and Southeast Asian markets advanced.

In energy markets, benchmark U.S. crude gained 29 cents to $87.11 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 21 cents on Friday to $86.82. Brent crude, the price base for international oils, added 38 cents to $88.86 a barrel in London. It advanced 69 cents the previous session to $90.03.

The dollar gained 115.44 yen from 115.23 yen on Friday. The euro fell from $1.1146 to $1.1155.

stock markets were mixed on Friday as traders eagerly awaited U.S. employment cost data that could influence the Federal Reserve’s decisions on planned interest rate hikes. (AP Photo/Eugene Hoshiko)” title=”A man wearing a protective mask looks at an electronic bulletin board showing Japan’s Nikkei 225 index at a securities firm on Friday, Jan. 28, 2022 in Tokyo. Asian stock markets were mixed on Friday as traders eagerly awaited U.S. employment cost data that could influence the Federal Reserve’s decisions on planned interest rate hikes. (AP Photo/Eugene Hoshiko)” loading=”lazy”/>

BEIJING

Asian stock markets rose on Friday as traders eagerly awaited U.S. employment cost data that could influence the Federal Reserve’s decisions on planned interest rate hikes.

Shanghai, Tokyo and Seoul won. Hong Kong refused.

Wall Street fell for a third day on Thursday after the US government announced the economy grew 5.7% last year, its highest annual rate since 1984.

Investors were eagerly awaiting U.S. employment cost data on when and how much the Fed might raise interest rates to curb soaring inflation. Investors are expecting at least four rate hikes this year after Fed officials said stimulus measures that are boosting stock prices would be phased out sooner than expected.

The employment cost index is expected to show that the price of labor rose by around 1.2% quarter-on-quarter in the last three months of 2021.

“Another strong wage hike could amplify market expectations” of an unusually large rate hike of 0.5 percentage points as early as March, ActivTrades’ Anderson Alves said in a report.

The Shanghai Composite Index rose less than 0.1% to 3,396.07 while the Hang Seng in Hong Kong fell 0.8% to 23,606.45.

The Nikkei 225 in Tokyo jumped 2.1% to 26,731.91, recovering most of its losses from the previous day’s 2.5% decline.

Seoul’s Kospi rose 1.4% to 2,650.23 while Sydney’s S&P-ASX 200 rose 2.3% to 6,993.80.

The Indian Sensex opened 1.1% higher at 57,883.16. New Zealand fell 1.6% as Southeast Asian markets rose.

On Wall Street, the benchmark S&P 500 fell 0.5% to 4,326.51 after official data showed the US economy grew 5.7% last year, its highest rate. higher since the 7.2% jump in 1984.

The index is less than 10 points away from entering a correction, meaning a 10% decline from its all-time high on January 3.

The Dow Jones Industrial Average slipped less than 0.1% to 34,160.78. The Nasdaq composite fell 1.4% to 13,352.78.

Stocks have been on a rollercoaster ride this week as investors try to figure out what the Fed will do after Powell said inflationary pressures aren’t abating.

“The Fed got inflation wrong and the rush to raise interest rates this year is dragging down the best performing assets during the pandemic,” Oanda’s Edward Moya said in a report.

Businesses that rely on consumer spending and banks sank. Royal Caribbean fell 6.3% and JPMorgan Chase 1.8%.

Tech stocks lost ground. Expensive technology companies and other growth stocks are less attractive when rates rise. Nvidia fell 3.6%.

In energy markets, benchmark U.S. crude rose 48 cents to $87.09 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 74 cents on Thursday to $86.61. Brent crude, the price base for international oils, rose 40 cents to $88.57 a barrel in London.

The dollar gained 115.42 yen from 115.31 yen on Thursday. The euro fell from $1.1142 to $1.1151.

Shares of Sixth Street Specialty Lending Inc (TSLX) closed today 1.5% below their 52-week high of $24.36, giving the company a market capitalization of $1 billion. The stock is currently up 2.6% year-to-date, 34.2% over the past 12 months and 119.7% over the past five years. This week, the Dow Jones Industrial Average fell 0.9% and the S&P 500 0.3%.

Commercial activity

• Trading volume this week was 6.1% above the 20-day average.
• The beta, a measure of the stock’s volatility relative to the broader market, is 0.0.

Technical indicators

• The stock’s relative strength index (RSI) was between 30 and 70.
• The MACD, a momentum indicator that follows the trend, indicates a downtrend.
• The stock closed above its Bollinger Band, indicating it may be overbought.

Comparative market performance

• The company’s stock price is the same as the S&P 500 index, beats it on a 1-year basis and lags it on a 5-year basis
• The company’s stock price is the same as the Dow Jones Industrial Average, beats it on a 1-year basis and beats it on a 5-year basis
• The company’s share price is the same as the performance of its peers in the financial industry sector, beats it on a 1-year basis and beats it on a 5-year basis

Comparative performance by group

• The company’s year-to-date stock price performance beats the peer average by -262.3%
• The company’s stock price performance over the past 12 months exceeds the peer average by -1834.5%
• The company’s price-to-earnings ratio, which relates a company’s stock price to its earnings per share, is -433.4% higher than average.

This story was produced by the Kwhen automated news generator. For more articles like this, please visit us at finance.kwhen.com. Write to [email protected]. © 2020 Kwhen Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.