S&P posts three-week win streak, but momentum stalls after hitting 5,500 points mark

seekingalpha06-22

The S&P 500 (SP500) on Friday advanced 0.61% for the holiday-shortened week to end at 5,464.62 points, posting gains in two out of four sessions. Its accompanying SPDR S&P 500 ETF Trust (NYSEARCA:SPY)...

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Its accompanying SPDR S&P 500 ETF Trust (NYSEARCA:SPY)...</p>\n\n<a href=\"https://seekingalpha.com/news/4118068-sp-posts-three-week-win-streak-but-momentum-stalls-after-hitting-5500-points-mark\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P posts three-week win streak, but momentum stalls after hitting 5,500 points mark</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P posts three-week win streak, but momentum stalls after hitting 5,500 points mark\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-22 06:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4118068-sp-posts-three-week-win-streak-but-momentum-stalls-after-hitting-5500-points-mark><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The S&P 500 (SP500) on Friday advanced 0.61% for the holiday-shortened week to end at 5,464.62 points, posting gains in two out of four sessions. Its accompanying SPDR S&P 500 ETF Trust (NYSEARCA:SPY)...</p>\n\n<a href=\"https://seekingalpha.com/news/4118068-sp-posts-three-week-win-streak-but-momentum-stalls-after-hitting-5500-points-mark\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4567","symbol_name":"ESG概念","start_time":0,"source_url":"https://seekingalpha.com/news/4118068-sp-posts-three-week-win-streak-but-momentum-stalls-after-hitting-5500-points-mark","article_id":"2445713920","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/547167450/image_547167450.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2445713920","pubTimestamp":1719008400,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"The S&P 500 (SP500) on Friday advanced 0.61% for the holiday-shortened week to end at 5,464.62 points, posting gains in two out of four sessions. 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Its accompanying SPDR S&P 500 ETF Trust (NYSEARCA:SPY) added 0.32% for the week. The benchmark index posted a three-week win streak, despite losing some momentum over Thursday and Friday. Market participants got a mid-week break due to Juneteenth on Wednesday. The S&P (SP500) during the week also achieved a significant milestone in the form of crossing the 5,500 points level for the first time ever. The most notable development this week centered around chipmaker Nvidia (NVDA). The Jensen Huang-led firm on Tuesday surpassed iPhone-maker Apple (AAPL) and tech behemoth Microsoft (MSFT) to become the world's largest publicly listed company by market capitalization.  The moment marked a stunning apex for Nvidia (NVDA), which has rapidly gone from a chipmaker to an essential piece in the artificial intelligence (AI) boom and an entity that is now bigger than every listed stock combined in Germany, UK and France. The S&P 500's (SP500) weekly advance was tempered by a mixed economic calendar and some profit-taking in the run-up to a major options expiration event on Friday known as \"triple witching\" - a day on which about $5.5T of stock options, stock index futures and stock index options are estimated to expire together. \"Markets chewed on an array of economic data this week, and what was served was mostly gristle. A weak retail sales print suggests that consumers may finally be feeling some spending fatigue. Markets also received a three-course housing market update which painted the picture of a sector that remains rocked by higher interest rates,\" Wells Fargo said. \"Much of the week's disappointing data were concentrated in interest-rate sensitive sectors, and the wider economy remains healthy on balance even as softening becomes increasingly evident,\" the brokerage added.  Turning to the weekly performance of the S&P 500 (SP500) sectors, eight of the 11 ended in the green. Consumer Discretionary led the winners with an outsized ~2.5% climb. Utilities, Technology and Real Estate were the three losers. See below a breakdown of the performance of the sectors as well as their accompanying SPDR Select Sector ETFs from June 14 close to June 21 close: #1: Consumer Discretionary +2.50%, and the Consumer Discretionary Select Sector SPDR ETF (XLY) +2.40%.  #2: Energy +1.86%, and the Energy Select Sector SPDR Fund ETF (XLE) +1.94%.  #3: Financials +1.70%, and the Financial Select Sector SPDR Fund ETF (XLF) +1.67%.  #4: Industrials +1.55%, and the Industrial Select Sector SPDR Fund ETF (XLI) +1.50%. #5: Consumer Staples +0.89%, and the Consumer Staples Select Sector SPDR Fund ETF (XLP) +0.94%.  #6: Communication Services +0.77%, and the Communication Services Select Sector SPDR Fund (XLC) +0.96%.  #7: Materials +0.76%, and the Materials Select Sector SPDR Fund ETF (XLB) +0.74%.  #8: Health Care +0.58%, and the Health Care Select Sector SPDR Fund ETF (XLV) +0.64%. #9: Real Estate -0.32%, and the Real Estate Select Sector SPDR Fund ETF (XLRE) -0.13%. #10: Information Technology -0.66%, and the Technology Select Sector SPDR Fund ETF (XLK) +0.33%.  #11: Utilities -0.77%, and the Utilities Select Sector SPDR Fund ETF (XLU) -0.79%.  For investors looking into the future of what's happening, take a look at the Seeking Alpha Catalyst Watch to see next week's breakdown of actionable events that stand out.  More on the markets  Nasdaq, S&P, Dow end little changed ahead of Wall Street's $5.5T options expiry Short interest on the two biggest U.S. equity ETFs have fallen to record lows - JPMorgan Stocks with the highest ROIC but not the highest valuation - Bernstein SG Top 10 S&P 500 stocks with at least a 4% dividend yield The S&P 500 May See A 15% To 20% Decline In H2 2024","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2445713920"}