End of Day Market Update
May 11, 2018
US Markets End of Day Snapshot
US equities finished mixed, with the S&P 500 (+0.17%) and Russell 2000 (+0.19%), while the Nasdaq Composite (-0.03%) closed slightly lower.
The S&P 500 was led higher today by Health Care (+1.49%), Consumer Staples (+0.59%), and Industrials (+0.21%), while Real Estate (-0.47%), Telecom (-0.23%), and Technology (-0.14%) were the biggest lagging sectors.
S&P 500 Sector ETFs - End of Day
Russell 1000 Factor ETFs - End of Day
Stocks Trending in the News
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Alibaba (BABA) subsidiary Ant Financial is expected to raise $10 billion in its fundraising over the next few days, which would bring Ant Financial’s value to $150 billion.
Baker Hughes (BHGE) has announced an $0.18 per share dividend for the first quarter, payable on May 22nd.
Shares of information management and consulting firm Convergys (CVG) closed 12.64% higher today after it was reported that the company has begun to negotiate with potential buyers. Convergys’ current market cap is $2.3 billion.
CVS Heath (CVS) has released a statement saying that the company supports President Trump’s proposal to reduce drug costs, and its already well positioned to implement cost reduction policies.
Verizon (VZ) will be buying back $2.5 billion worth of floating rate notes, which had maturities in February of 2025.
Cryptocurrency Market Update