tyb
not much
S&P 500 at record high; investors await fresh earnings
(Reuters) - The S&P 500 and the Nasdaq hit record highs on Monday after data showed U.S. consumer spending surged in March, but gains in shares remained muted as investors waited for a fresh batch of earnings reports.
Hopes of a trade resolution and dovish Federal Reserve this year has been powering the benchmark index, which crossed its record high of 2,940.91 hit on Sept. 21 for the first time during the session.
A Commerce Department report showed domestic consumer spending rose by the most in more than 9-1/2 years in March, but price pressures remained muted.
The core personal consumption expenditures price index, which excludes the volatile food and energy components and is the Federal Reserve’s preferred inflation measure, remained steady at 0.1% in March.
“We are coming off a weak patch in the consumer sector, so you have to take the data with a grain of salt, the sector was hit by the partial government shutdown, so some of this strength is a rebound from that,” said Scott Brown, chief economist at Raymond James in St. Petersburg, Florida.
“There’s a little bit of caution, we’ve got a lot of information coming down the pipe this week, especially the Fed meeting.”
The Federal Open Market Committee will announce its interest rate decision at the end of a two-day meeting, starting Tuesday.
Interest-rate sensitive financials rose 1.02%, the most among the 11 major sectors.
In yet another busy week for earnings, about 160 S&P 500 companies, including Google-parent Alphabet Inc and Apple Inc, are due to report their quarterly reports.
Analysts now expect profits of S&P 500 companies to fall 0.2%, a sharp improvement from a 2% fall estimated at the beginning of the month, according to Refinitiv data.
As trade talks enter their last leg, U.S. negotiators head to China on Tuesday to try to hammer out details to end the protracted tariff spat between the two countries.
At 9:52 a.m. ET the Dow Jones Industrial Average was down 8.42 points, or 0.03%, at 26,534.91, the S&P 500 was up 2.55 points, or 0.09%, at 2,942.43 and the Nasdaq Composite was up 1.67 points, or 0.02%, at 8,148.07.
The healthcare sector fell 0.37%, weighing the most on markets, amid ongoing concerns of potential regulatory changes to the healthcare policy.
Boeing Co dipped 0.3%. Chief Executive Officer Dennis Muilenburg will meet Boeing shareholders for the first time on Monday since two fatal crashes that led to the 737 MAX’s grounding worldwide.
Advancing issues outnumbered decliners by a 1.58-to-1 ratio on the NYSE and by a 1.41-to-1 ratio on the Nasdaq.
The S&P index recorded 29 new 52-week highs and no new low, while the Nasdaq recorded 49 new highs and nine new lows.
https://www.reuters.com/article/us-usa-stocks/sp-500-at-record-high-investors-await-fresh-earnings-idUSKCN1S514F?il=0
https://finance.yahoo.com/quote/%5EGSPC?p=^GSPC
Kind of small potatoes when you (Schwarzman) made this much in ONE YEAR.
A little perspective as you seem to lack ANY
Blackstone CEO Schwarzman pockets at least $568 million in 2018: filing
NEW YORK (Reuters) - Blackstone Group LP Chief Executive Stephen Schwarzman pocketed at least $567.8 million in 2018 dividends and compensation, making him yet again the private equity industry's highest earner, a regulatory filing showed on Friday.
The was below the roughly $786 million Schwarzman, 72, took home in 2017. His net worth is pegged by Forbes at $13.2 billion.
The private equity veteran received $69.1 million in compensation from Blackstone in 2018, largely due to investment gains.
Blackstone no longer discloses the dividend payment to the class of stock Schwarzman owns, but based on the $2.15 per common unit payout, he received almost $500 million in dividends. The dividend for Schwarzman's class of stock has historically been higher than for common units.
Schwarzman last year elevated Jonathan Gray, 49, who turned Blackstone into the world's biggest real estate investor, to president and chief operating officer, setting him up as his successor as CEO.
In 2018, Gray received total compensation of $87.8 million. His bonus was $10 million, down from $25.8 million a year earlier. This is due to Gray opting to receive $30 million in stock which will vest over the course of 5-and-a-half years.
Schwarzman earned much more than other co-founders of private equity firms. Apollo Global Management LP CEO Leon Black received $252,617 in compensation and $169.7 million from dividends in 2018.
Carlyle Group LP's three co-founders, David Rubenstein, William Conway and Daniel D'Aniello, combined took home roughly $180 million, with the vast majority of earnings from dividend payments.
KKR & Co LP co-founders Henry Kravis and George Roberts received $99.5 million and $103.9 million, respectively. This was more evenly distributed between compensation and dividends.
https://finance.yahoo.com/news/blackstone-ceo-schwarzman-pockets-least-233529700.html
VP alway's been /ourguy
no waves for me. He may have been leaning towards them in the 90's early 2000's(for optical reason's or being on the "winning side") but still think he has been based the entire time. Never thought he was on that side ever. imo. Listen to his speech's.
BASED NIGGA
43fb02 (28)