Your browser is unsupported

Please visit this URL to review a list of supported browsers.

NYSE Facade

Insights that connect you to opportunity

At the New York Stock Exchange we strive to preserve integrity, drive innovation and promote greater understanding of our markets.

Subscribe for regular updates

Daily U.S. Market Update

Michael Reinking, CFA

Sr. Market Strategist

November 28, 2022 at 1:30 p.m. EDT

Welcome back and hopefully you enjoyed the holiday. Last week things quieted down around the holiday with major indices challenging the upper end of their recent ranges. The macro narrative continues to revolve around a weakening economic backdrop and the belief that central banks will begin to slow the pace of rate increases which has caused longer dated yields to move lower. This week there will be plenty of economic data to shed light on the Fed’s next steps as well as a highly anticipated appearance by Fed Chair Powell on Wednesday at the Brookings Institute.

Observed price improvement per dollar traded off exchange has fallen over the course of 2022

Market Insights and Education


Term of the Week From Investopedia

Dow Jones Industrial Average (DJIA)

The Dow Jones Industrial Average (DJIA), also known as the Dow 30, is a stock market index that tracks 30 large, publicly-owned blue-chip companies trading on the New York Stock Exchange (NYSE) and Nasdaq.

Market Insights

NYSE: The Market for Innovation

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.

Closing Auction: Internalization effect throughout imbalance period

When stocks have high rates of off-exchange trading at the closing price, that volume is not included in the exchange auction process. This results in higher volatility leading up to and during the auction.

Closing Auction: Liquidity momentum around rebalances

NYSE Research examines closing auction liquidity in days around index rebalance events. Most stocks have larger auctions before and after major rebalance events, but the effect is most pronounced for stocks that have large rebalance auctions. For stocks most impacted by both quarterly and MSCI rebalance events, closing auction volumes show material increase for 3 days before and 3 days after the rebalance itself.

NYSE-listed stocks receive superior market quality

Comparing listing market quality across a large number of stocks is best achieved by using a matched sample, using key firm characteristics, such as sector, market cap, price and volume. The NYSE research team found that NYSE-listed stocks achieve tighter spreads, lower volatility and more accurate open and close auctions than their matched Nasdaq stocks, often by a significant margin.

Weekly strategy update

NYSE Senior Market Strategist, Michael Reinking, offers his weekly update on the market and a look to key upcoming catalysts.

Price Improvement Analysis

In this report, NYSE Research quantifies the aggregate price improvement achieved by US equity investors in the first half of 2021. We find that just 12% of total price improvement comes from trades at sub-penny price increments, and the potential upside from harmonizing trading increments comes to roughly $1.8bn per year.

NYSE briefs: price earnings ratio

We can all use a refresher from time to time, and Caroline Woods is here to explain how you may be able to make a more informed decision about the value of a stock you’re looking to buy by using simple math. Learn how a price earnings ratio works in the latest NYSE Briefs.

View all NYSE Research articles


NYSE Research explores market trends, analyzes exchange products and trading situations, and offers data-driven perspectives on key policy matters.

View more

Watch, Listen and Learn More


Resources


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.