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Midday Market Update

May 15, 2018

US Market Snapshot

US equities are trading lower today, with the S&P 500 (-0.87%), Russell 2000 (-0.06%), and the Nasdaq Composite (-1.04%).

Every sector of the S&P 500 is declining today, being led by Real Estate (-1.69%), Health Care (-1.40%), and Technology (-1.22%), while Financials (-0.07%), Energy ( -0.18%), and Telecom ( -0.20%) are the biggest outperforming sectors.

*Data in Price Return

S&P 500 Sector ETFs - Intraday

*Data in Price Return

Russell 1000 Factor ETFs - Intraday 

*Data in Price Return

Stocks Trending in the News

Click name for Q-Factor rating and financial data.

The World Trade Organization ruled in favor of the US today, finding that EU nations continually provided Airbus SE (ENXTPA:AIR) with subsidies to develop jetliners, which hurt sales of Boeing Co (BA) aircraft. A case against the US by the EU is also being reviewed, in which the EU claims that the US provided Boeing with billions in subsidies.

Facebook Inc (FB) has reportedly removed 583 million fake profiles from its platform in 1Q2018, and the company has removed 837 million pieces of spam as Facebook increases its focus on stricter standards.

Ford Motor Company (F) has been downgraded to neutral at Piper Jaffray, which lowered its price target for Ford from $14 to $12.

Motorola Solutions Inc (MSI) announced a quarterly dividend of $0.52 per share, payable on July 13th.

Target (TGT) continues to clash with rival Amazon (AMZN), this time slashing the price of its Target Restock next-day household delivery service nearly in half (from $4.99 to $2.99). The fee for delivery is waived entirely for customers making purchases with a Target card. This development comes after Amazon raised the price of its annual Prime membership last month from $99 to $119.

Prior to the fatal Tesla (TSLA) autonomous vehicle incident in March, employees at the company voiced concerns that there weren’t enough safety measure and precautions in place to guarantee that drivers remain alert. Tesla’s engineers frequently mentioned adding sensors to ensure drivers keep their eyes on the road, and their hands on the wheel.

Tyson Foods (TSN) has acquired $850 million worth of assets, purchasing operations from American Proteins Inc. and AMPRO Products.

Western Digital Corp (WDC) reportedly plans to repurchase up to $1 billion worth of stock, after successfully repricing $2.46 billion worth of debt. The debt was repriced at an interest rate of 1.75%, 0.25% below previous levels.