At the New York Stock Exchange we strive to preserve integrity, drive innovation and promote greater understanding of our markets.
Michael Reinking, CFA
Sr. Market Strategist
Not surprisingly equity markets are not veering too far from the unchanged mark ahead of the today’s FOMC Policy Decision. As we head to print we’re drifting a bit lower, the S&P 500 is down 12pts to 3,991 (-0.3%), the Dow is down 141pts to 32,419 (-0.4%), while the Russell 2k is down 13pts to 1,765 (-0.7%).There had been a relief rally coming out of the weekend that had the S&P 500 up just over 2% for the week coming into today. This has put the index right around the 4k level, impressively back to where we were trading two weeks ago as the SVB situation began to unfold.
Term of the Week from Investopedia
Intrinsic value is a measure of what an asset is worth.
Market Insights
As the world’s largest stock market where an average 2.4 billion shares exchange hands each day, the NYSE is also powered by a cutting-edge, dynamic technology infrastructure that is unrivaled in the financial markets. Learn more about our innovative trading technology and what it can do for your business.
We believe in the value of educating, informing and providing insights to all market participants. Whether you’re an institutional user of our technology, an experienced trader or a retail investor starting out, the New York Stock Exchange provides expertise to connect you to opportunity.
NYSE Group, Inc., Charles Schwab & Co., and Citadel Securities are pleased to present a consensus position to the Securities and Exchange Commission on its recent equity market structure proposals. We share a commitment to ensuring that the U.S. equities market remains the most liquid, efficient, and competitive in the world, thereby strengthening our economy, supporting issuers, and helping to secure the retirement futures of everyday Americans.
PIMCO’s Active Bond ETF (NYSE: BOND) recently transferred to the NYSE. Since the transfer, intra-day liquidity has improved, and auctions have experienced better pricing compared to key benchmarks.
NYSE research reviewed option usage trends to end 2022 and start 2023: 2022 options market activity was generally aligned with equity market moves. Average monthly put-call volume ratio was higher in 2022 compared to 2021 showing a more bearish view but dropped at beginning of 2023.
NYSE Senior Market Strategist, Michael Reinking, offers his weekly update on the market and a look to key upcoming catalysts.
NYSE Arca has reintroduced the Discretionary Pegged Order, featuring flexibility to determine execution price based on the contra-side order. NYSE Research highlights the superior execution experience when interacting with midpoint contra-side order flow compared to other flows, based on current NYSE Arca midpoint usage.
The NYSE Closing Auction remains the largest liquidity event in the equities market, with an average notional value traded of more than $18bn per day during the full year of 2022. Closing Auction informational imbalance messages provide users with vital details about the Closing Auction order flow and the potential closing price of a security.
NYSE Research explores market trends, analyzes exchange products and trading situations, and offers data-driven perspectives on key policy matters.
Exchange Traded Products
Exchange-traded products are one of the fastest growing investment products in the world, combining the simplicity of stocks with the diversified risk of mutual funds.
Options
Through a dual options market structure, traders and brokers have choice and flexibility that comes from a mixture of electronic trading and open outcry interaction.
NYSE Pillar®
Our new integrated trading technology platform that will enable member firms to connect to all of our equities and options markets using a single specification.
Securities and Exchange Commission Updates
Latest press releases and announcements from the U.S. Securities and Exchange Commission.