S&P 500

2023 - 1 - 23

Post cover — Image courtesy of "ETF Trends"

NSPI Offers Risk-Managed Exposure to S&P 500® Index's Dividend ... (ETF Trends)

Despite the economic uncertainty and market volatility of much of 2022, dividend paying companies continued to deliver last year.

Correlation between Fund performance and index performance may be affected by Fund expenses and because the Fund may not be invested fully in the securities of the index or may hold securities not included in the index. The Fund may hold large positions in a small number of securities, and an increase or decrease in the value of such securities may have a disproportionate impact on the Fund’s value and total return. Standard & Poor’s®, S&P®, and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Nationwide Fund Advisors. Although the Fund intends to invest in a variety of securities and instruments, the Fund will be considered nondiversified. The Fund expects to invest a portion of its assets to replicate the holdings of an index. The Risk-Managed Income ETFs frequently may buy and sell portfolio securities and other assets to rebalance its exposure to various market sectors. The Risk-Managed Income ETFs expect to invest a portion of their assets to replicate the holdings of an index. The Risk-Managed Income ETFs are subject to the risks of investing in foreign securities (currency fluctuations, political risks, differences in accounting and limited availability of information, all of which are magnified in emerging markets). The Fund’s return may not match or achieve a high degree of correlation with the return of the underlying index. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. KEY RISKS: The Nationwide Nasdaq-100® Risk-Managed Income ETF, Nationwide S&P 500® Risk-Managed Income ETF, Nationwide Dow Jones® Risk-Managed Income ETF, and Nationwide Russell 2000® Risk-Managed Income ETF (collectively, the “Risk-Managed Income ETFs”) are subject to the risks of investing in equity securities, including tracking stock (a class of common stock that “tracks” the performance of a unit or division within a larger company). The S&P 500® is weighted by market capitalization and comprises approximately 500 of the top U.S.-listed companies that make up most of the U.S.

The Market's 10 Worst Stocks Are Now First (Investor's Business Daily)

Remember all the beat-up stocks investors wrote off last year? In an interesting twist, last year's worst stocks are turning into the first.

All 10 of the worst stocks in the S&P 500 last year are up this year. The 10 worst stocks in the S&P 1500 last year, which includes small companies, is up an average of 15.9% this year. The worst four S&P 500 sectors last year — namely communication services, consumer discretionary, real estate and technology — are all topping the S&P 500 this year. [MTCH](https://research.investors.com/quote.aspx?symbol=MTCH)) [ALGN](https://research.investors.com/quote.aspx?symbol=ALGN)) [SIVB](https://research.investors.com/quote.aspx?symbol=SIVB)) [TSLA](https://research.investors.com/quote.aspx?symbol=TSLA)) [CTLT](https://research.investors.com/quote.aspx?symbol=CTLT)) [SBNY](https://research.investors.com/quote.aspx?symbol=SBNY)) [META](https://research.investors.com/quote.aspx?symbol=META)) [VFC](https://research.investors.com/quote.aspx?symbol=VFC)) [PYPL](https://research.investors.com/quote.aspx?symbol=PYPL)) Additionally, investors trying to "buy the dip" got burned several times in 2022. The stock fell more than any other in the index — by more than 71%. Shares of Generac are now up 7.8% this year. Analysts are calling for 21% profit growth in 2024 and an additional jump of nearly 16% in 2025. Additionally, this year they're trouncing the performance of the best stocks of 2022. Last year's top 10 S&P 1500 stocks, on the other hand, are only up 2.3%. All 10 are beating the S&P 500. The absolutely worst sector in 2022 — communication services, which dropped 38.2% — is this year's No.

S&P 500's worst-performing sector in 2022 shows signs of life (S&P Global)

While much of the communication services sector has experienced gains in 2023, the three-week rally has done little to remedy substantial market capitalization ...

The sector's five largest companies have lost a combined $1.418 trillion in market cap since the end of 2021, according to S&P Global Market Intelligence data. Similarly, Meta Platforms Inc., which fell 64.2% in 2022, has risen 11.7%, and Warner Bros. Nearly all of the communication services stocks that lost the most ground in 2022 have recorded sizable gains so far in 2023. Since then, communications sector stocks have underperformed the broader index. Match Group Inc., which fell 68.6% in 2022, rallied 22.8% over the first three weeks of 2023. The S&P 500 communication services sector, which fell by more than 40.4% in 2022, has risen by about 9.6% so far in 2023, the best-performing sector in the large-cap index over the first three weeks of the year.

Bitcoin and Tech's Rally Bodes Well for the S&P 500. There's Just ... (Barron's)

The cryptocurrency has a tendency to lead stocks higher or lower from market tops and bottoms. This time, it could be getting ahead of itself.

](https://www.barrons.com/market-data/cryptocurrencies/btcusd?iso=coindesk) and tech stocks keep marching higher, they risk becoming divorced from fundamentals [and vulnerable to a nasty surprise](https://www.barrons.com/articles/bitcoin-price-crypto-markets-today-51674124911?mod=article_inline). [after a brutal 2022](https://www.barrons.com/articles/2022-year-review-stocks-bear-market-oil-bond-yields-2023-51672386739?mod=article_inline).

Jeremy Grantham Warns of a 17% Plunge in the S&P 500 This Year (Bloomberg)

The popping of the bubble in US stocks is far from over and investors shouldn't get too excited about a strong start to the year for the market, ...

Grantham believes the index is likely to spend some time below that level during 2023, including around 3,000. [in a paper](https://www.gmo.com/americas/research-library/after-a-timeout-back-to-the-meat-grinder_viewpoints/) out Tuesday. In fact, the 84-year-old money manager calculated that the value of the S&P 500 at the end of the year should be about 3,200, he says

'The Fed-fueled fantasy bubble has popped.' Stock investors are ... (MarketWatch)

'Realistically, we tag 3200 to 3300 on the S&P 500,' warns veteran trader Jeffrey Bierman.

It damaged the mindset of the average individual. The only thing that matters is that the Fed is providing easy liquidity and to hell with anything else. This is the excess that has to be worked off. That helped create an inflationary bubble and all of a sudden the market’s mindset changed. The final stage of a bear market is capitulation, when investors give up. That’s when we know we are close to the end of the bear market. I call it a slow-motion bear market — think of it as progressive stock bloodletting. This is not a market where you will get “gamma squeezes,” (when a stock soars in a short time period). That’s when everyone thinks the bear market is over. Value dominates in a bear market, and growth dominates in a bull market. I call this the “fits and starts” market. [SPX, -0.07%](/investing/index/SPX?mod=MW_story_quote)high he predicted a drop to 3600 or lower in 2022, and he was right.

S&P 500 Futures Decline in Premarket Trading; Evoqua Water Tech ... (Barron's)

Corrections & Amplifications: A previous version of this article misstated the moves for gold futures, Brent crude futures, and the VIX.

](https://www.barrons.com/market-data/stocks/crm) ](https://www.barrons.com/market-data/stocks/aqua) The figures have been corrected.

Dow Jones, S&P 500, Nasdaq likely to retreat ahead of key earnings ... (Proactive Investors USA & Canada)

6.30am: Microsoft set to release quarterly results after the close Wall Street is set for a lower opening as traders mark time ahead of quarterly results...

Tesla and Boeing report on Wednesday, in a week that sees an estimated quarter of the S&P 500 reporting. The Nasdaq led US stocks higher on Monday as the markets started a busy week of earnings and economic data on the front foot. “Microsoft gets set to deliver earnings after the bell having added to the chorus of job cuts facing Big Tech just last week, providing a boost to the sector. “The US data slate is also dominated by PMI data due later today,” noted TickMill Group’s market analyst Patrick Munnelly. Nonetheless, US companies continued to highlight subdued customer demand and the impact of high inflation on client spending. The headline flash US PMI composite output index registered 46.6 in January, up from 45.0 at the end of 2022. “Microsoft earnings provide the big corporate story of the day, with investors and traders alike expecting to see the giant lose traction on both earnings and profit-front," said Joshua Mahony, senior market analyst at online trading platform IG. “Focus this week is on US GDP figures which are out on Thursday for clues into the strength of the US economy,” she added. At the close, the DJIA was up 0.8% at 33,630 points, the S&P 500 added 1.2% to reach 4,020, and the Nasdaq gained the most to close at 11,364 points. Just after the market opened, the Dow Jones Industrial Average shed 166 points to 33,463, while the S&P 500 eased 27 points at 3,993 and the tech-heavy Nasdaq Composite lost 45 points to 11,320. At midday, the Dow was up 12 points to 33,641, the Nasdaq Composite was 4 points lower to 11,361 and the S&P 500 lost 5 points to 4,015. The Dow led the way at the close with a gain of 0.3% to finish at 33,734 points, but it was the only winner out of the three main indices: the S&P 500 finished flat at 4,012 and the Nasdaq had dropped 0.3% at 11,334 points.

S&P 500 Futures dribble around six-week top, Treasury bond yields ... (FXStreet)

Tuesday appears to be another lackluster day for the markets as mixed statistics join China's absence from the markets, as well as the Fed blackout, t.

Bitcoin price has been one of the critical reasons for this recent uptrend in the crypto market. AUD/USD is extending the latest gains to challenge the 0.7100 hurdle amid a broadly subdued US Dollar so far this Wednesday. For the fiscal second quarter, it reported adjusted earnings per share of $2.32, in line with Wall Street estimates, but revenue of $52.7 billion missed the consensus forecast by $450 million. The author makes no representations as to the accuracy, completeness, or suitability of this information. The major currency pair has sharply moved higher after sensing a responsive buying action from the critical support of 1.0840. The author has not received compensation for writing this article, other than from FXStreet. The author will not be held responsible for information that is found at the end of links posted on this page. Louis Federal Reserve (FRED) data rise for the third consecutive day, to 2.28% each, which in turn justify the pre-blackout hawkish Fed comments and challenge the sentiment. Alternatively, receding woes of the impending economic slowdown and China-linked optimism in the market keep the traders positive. It also does not guarantee that this information is of a timely nature. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. While portraying the mood, the S&P 500 Futures resist following Wall Street’s gains while retreating from the six-week high marked the previous day, making rounds to 4,030-35 at the latest.

Nasdaq, S&P 500 end at new-year highs as tech leads gains (MarketWatch)

The Nasdaq Composite and S&P 500 each posted their highest finish since Dec. 2, according to Dow Jones Market Data. What's driving markets. Wall Street picked ...

+2.22% [XYL,](/investing/stock/XYL?mod=MW_story_quote) +2.12% [in an all-stock deal valued at $7.5 billion](https://www.marketwatch.com/story/evoqua-water-stock-soars-after-xylems-all-stock-buyout-bid-represents-29-premium-01674476074?mod=mw_quote_news&mod=article_inline). [GOOG,](/investing/stock/GOOG?mod=MW_story_quote) -1.98% [GOOGL,](/investing/stock/GOOGL?mod=MW_story_quote). [GE, +1.17%](/investing/stock/GE?mod=MW_story_quote), Johnson & Johnson [JNJ,](/investing/stock/JNJ?mod=MW_story_quote), Microsoft Corp. [MSFT,](/investing/stock/MSFT?mod=MW_story_quote), Tesla Inc. -0.26% [INTC,](/investing/stock/INTC?mod=MW_story_quote)deliver updates. +1.99% [IBM,](/investing/stock/IBM?mod=MW_story_quote)and Intel Corp. [AQUA,](/investing/stock/AQUA?mod=MW_story_quote)surged 15.2%, after the water and wastewater treatment company agreed to be acquired by Xylem Inc. -0.22% [TSLA,](/investing/stock/TSLA?mod=MW_story_quote), Verizon Communications Inc. +0.10% [VZ,](/investing/stock/VZ?mod=MW_story_quote), International Business Machines Corp. The LEI is a gauge of 10 indicators designed to show whether the economy is getting better or worse. [AMZN, -1.23%](/investing/stock/AMZN?mod=MW_story_quote)and Google parent Alphabet Inc. “The strength of the global economy is a big question this week and next as industrials and technology companies gear up to report earnings.

NASDAQ, S&P 500, Dow Jones Analysis – Markets Test New Highs ... (FX Empire)

Traders are buying tech stocks ahead of the key earnings reports.

[Procter & Gamble](https://www.fxempire.com/stocks/pg) is down by 0.7% as the stock remains under pressure after the recent earnings report. Today, the stock is up by 1.5%. Traders have shrugged off recession worries and focused on the upcoming earnings reports. Traders stay focused on buying stocks that have suffered strong pullbacks in 2022. The rally is broad, and all market segments are moving higher. Traders bet that big tech earnings reports, which will be released this week, will exceed analyst estimates.

Nasdaq, S&P, Dow mixed after two-day win streak as earnings take ... (Seeking Alpha)

U.S. stocks on Tuesday took a breather after a two-day rally, with earnings from major companies starting to roll in.

[MSFT](https://seekingalpha.com/symbol/MSFT)) quarterly report after the bell. Johnson & Johnson ( [JNJ](https://seekingalpha.com/symbol/JNJ)), on the other hand, retreated after its [quarterly revenue was hit](https://seekingalpha.com/news/3927066-jj-trades-higher-despite-q4-revenue-hit-by-forex-covid-vaccine-impact-fy23-outlook-above-estimates) by unfavorable foreign exchange. Meanwhile, Travelers ( [TRV](https://seekingalpha.com/symbol/TRV)) was the biggest percentage gainer on the Dow despite its earnings [dropping](https://seekingalpha.com/news/3926855-travelers-q4-earnings) from a year ago. The one-time mega-conglomerate [reported](https://seekingalpha.com/news/3927075-ges-profit-rises-on-demand-for-jet-engines-energy-machinery) a rise in profit, helped by demand for jet engines and power equipment. Meanwhile, the January [Richmond Fed manufacturing survey](https://seekingalpha.com/news/3927196-richmond-fed-survey-11-in-january) came in at -11 versus an expected figure of -5. "It is too early in earnings season to draw conclusions about the state of the economy," David Bahnsen, CIO at The Bahnsen Group, wrote. [S&P Global Composite PMI](https://seekingalpha.com/news/3927179-us-flash-composite-pmi-strengthens-in-january) reading for January showed a contraction in U.S. [MMM](https://seekingalpha.com/symbol/MMM)) was the biggest percentage loser on the S&P 500 ( [SP500](https://seekingalpha.com/symbol/SP500)) and the Dow ( [DJI](https://seekingalpha.com/symbol/DJI)), after the manufacturer issued a [disappointing sales outlook](https://seekingalpha.com/news/3927201-3m-declines-on-outlook-for-lower-sales-from-weak-demand-strong-dollar). "However, just as equities were surging to fresh highs for 2023, there were also growing concerns about a potential US recession, with the Conference Board's leading index for December falling by a larger-than-expected -1.0% (vs. So that's a further negative signal after last week's downbeat releases on retail sales and industrial production, and one that will increase the focus on today's flash PMIs for January," Allen added. Health Care and Communication Serivces topped the losers. stocks on Tuesday were on track to end mixed, taking a breather after a two-day rally.

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