Previous close | 541.34 |
Open | 545.20 |
Bid | 546.51 x 800 |
Ask | 547.82 x 800 |
Day's range | 544.44 - 550.15 |
52-week range | 411.02 - 568.24 |
Volume | |
Avg. volume | 4,185,479 |
Net assets | 487.95B |
NAV | 547.16 |
PE ratio (TTM) | 27.46 |
Yield | 1.31% |
YTD daily total return | 15.31% |
Beta (5Y monthly) | 1.00 |
Expense ratio (net) | 0.03% |
Inception date | 2000-05-15 |
Recent political events in the United States, most notably Joe Biden’s surprisingly poor debate performance and the attempted assassination of Donald Trump on Saturday, strongly indicate a robust Republican showing in November’s US elections, according to Gavekal Research.
The softer-than-expected inflation report for June has fueled market expectations of a rate cut by the end of the year, which could occur before the November elections.
Raphael Bostic, the President and Chief Executive Officer of Federal Reserve Bank of Atlanta, stated that a potential cut in the federal funds rate could occur in the fourth quarter of this year, emphasizing a data-driven approach to future policy decisions.