S&P 500 index futures are trading lower by four points at 2084 in Friday's abbreviated session. Off the open, the index found resistance just above Friday's close (2088), reaching 2088.50 before reversing course.
About 96 percent of S&P 500 companies have reported 3Q results so far, and their aggregate net income from continuing operations for the first three quarters is $804 billion, compared with $828 billion for the first three quarters last year, data ...
Technology companies are known to reinvest their cash in their businesses, but as the sector matures, it is due for some changes in company capital allocation strategies -- with the shareholder as the likely winner.
S&P 500 companies are increasingly deploying cash to shareholders via stock repurchases and dividend payouts, and with more than $1 trillion in cash on their balance sheets as of June, that trend is likely to continue, according to S&P Capital IQ.
As we outlined in a November 20 video clip, the "return to the year of the whipsaw" action in the S&P 500 (NYSEARCA:SPY) over the last few weeks means we prefer to make the market "prove it" by clearing some overhead guideposts.