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Business Wire
10-07-2025
- Business
- Business Wire
ICE to Expand NYSE Index Family With Launch of U.S. Tech Index and Broader Range of NYSE-Listed Indices
NEW YORK--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today announced it will be expanding the NYSE family of indices with the launch of a next generation U.S. technology index and additional indices providing exposure to NYSE-listed companies, showcasing the performance of the NYSE Community. With the coming launch of the NYSE Elite Tech 100 Index planned for later this month, ICE leverages its deep background innovating in the thematic index space to launch a new tech-focused index that is designed to offer a more precise solution to complement investors' need for a purer technology leaders benchmark. The new index will include companies listed on all U.S. exchanges including leaders at the NYSE, update its composition more dynamically including with quicker inclusion of IPOs, and include only highly liquid and investable constituents. In addition, ICE will be expanding on its existing suite of indices exclusively containing NYSE-listed companies, while also highlighting the recent debut of the NYSE Texas exchange. The new indices include: Equal weight versions of the existing NYSE Composite, U.S. 100, International 100, World Leaders and TMT indices, providing greater exposure to small/mid capitalization companies; Expansion of the NYSE Composite Index family to include float market capitalization and equal weight sector indices based on ICE Uniform Sector classifications, building on the success of the NYSE Energy Index and NYSE Financials Index; and Introduction of Texas-specific indices including an NYSE Texas listed company index and another index containing companies either headquartered or incorporated in the state. "Throughout its 30-year history, the ETF industry has transformed into a key component of the market, providing efficient access to trends for a broad base of investors," said Lynn Martin, President of NYSE Group. "The NYSE's community of listed companies have consistently been at the forefront of innovation within their industries, and their inclusion in these indices can provide investors with the opportunity to benefit from that innovation through highly liquid and transparent instruments." With over $2 trillion in assets under management benchmarked to ICE Indices, ICE has deep expertise administering and publishing indices that are used throughout global markets. Its broad offering includes over 7,000 fixed income, equity, currency, commodity and mortgage indices that are trusted by market participants around the world and backed by a 50-year track record. For more information about the new indices to be administered by ICE Data Indices, please visit ICE's Index Solutions. These are proposed indices that are not currently live or finalized. The proposed index methodology and information in this press release are provided in draft form, are subject to change, and must undergo final review and approval. About Intercontinental Exchange Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds, and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE's futures, equity, and options exchanges -- including the New York Stock Exchange -- and clearing houses help people invest, raise capital and manage risk. We offer some of the world's largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines, and automates industries to connect our customers to opportunity. Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading 'Key Information Documents (KIDS).' Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on February 6, 2025. Category: Fixed Income and Data Services SOURCE: Intercontinental Exchange ICE-CORP
Forbes
16-04-2025
- Business
- Forbes
Has More Chaos Stalled The Market Rally?
Roller coaster with clear blue sky The roller-coaster ride in the stock market has continued as Friday's seemingly positive reduction in the tariffs on electric goods was deemed temporary on Sunday before the markets opened on Monday. China's new policy on not accepting the delivery of Boeing jets was announced early Tuesday which is a further sign that the trade war is heating up not cooling down. The new rhetoric on pharma tariffs once again does not exhibit any real understanding of what new tariffs might mean. In Tuesday's CNBC interview with former CDA Commissioner with Dr. Scott Gottlieb, he revealed that 'just about 70% of the key ingredients, key chemicals substances that are used' to make widely used generic drugs all originate in China. The former FDA Commissioner is concerned that additional tariffs on some of these life-saving drugs, which have a small profit margin, will not continue to be produced because of new tariffs. After the market closed a regulatory filing by NVIDIA Corp. (NVDA) reported that the US 'required required licenses for exports to China of the company's H20 artificial intelligence chip. The chip giant said the move would result in $5.5 billion in charges to the company.' In early trading Wednesday NVDA is down 6.7%, trading at $104.71which is down $7.50 from Tuesday's close. There had been some signs over the past few days that the rebound was losing upside momentum. QQQ Many stocks opened very strong on Monday as there were hopes the Friday announcement of lower tariffs might be a sign of progress. The Invesco QQQ Trust (QQQ) had closed on Friday at $454.40 but opened Monday at $464.46 which was 2.2% higher. QQQ closed Monday at $457.48 which was well below the day's high of $465.05. On Tuesday the QQQ again traded above the 20-day EMA at $461.32 but closed at $457.99. There is chart support to watch at Friday's low of $441.33 with the monthly S1 pivot support at $446.74. The Nasdaq 100 A/D line has just rebounded back to its EMA as it closed just above it on Tuesday. If the QQQ A/D numbers are negative on Wednesday it will be consistent with a failing rally. There is support at the recent lows and then the uptrend, line c. The AD line needs to move above the downtrend, line b, to signal that the correction in QQQ is over. The relative performance (RS) is above its EMA but it needs to overcome the recent highs to indicate that QQQ is now leading the SPY. A move above the major RS resistance at line d is needed to confirm that QQQ is leading the SPY. NYSE Composite The loss of upside momentum was also evident on the more broadly-based NYSE Composite as it closed Tuesday on the day's lows as it failed to reach the 20-day EMA at 18,663. There is further chart resistance, line a, in the 18,818 area. The NYSE McClellan Oscillator rallied from the April 8th low to close Tuesday just above zero at +10.59. The downtrend at line b needs to be overcome to signal a further rally. The NYSE All Advance/Decline line has rallied from the recent lows but is still below the declining EMA and resistance at line d. The downtrend in the A/D line (line c) needs to be overcome to turn it positive. The S&P futures are down 41 points at 8:30 AM ETF which is an hour before the open. Of course, it is the close that will be more important. If the stock market declines sharply for a few days it will hopefully encourage a return to sanity before there are new ill-informed tariffs on the pharma industry.
Forbes
06-04-2025
- Business
- Forbes
Is It Time To Look For The New Market Leaders?
2018 The action last week reminded some veteran market observers of the Covid plunge when the Spyder Trust (SPY) dropped from a February 2020 high of $313.42 to a low six weeks later at $202.83. From the high to the low, this was a decline of 35.2 %. The severity of the decline made me and others wonder whether this might be the start of a new bear market. The decline was so fast that many investors were not miserable for too long. The A/D lines moved above the Covid highs by July still It was a surprise that by August 8th, 2020, the SPY had closed back above the February 2020 high. The investor pain in 2018 was even greater in my opinion as the SPY had a last-quarter decline of 13.9%. The 2.7% S&P decline in the abbreviated December 24th session led to headlines like this from the LA Times 'Stocks slump, bringing the S&P 500 to the brink of a bear market'. Many experts as well as CEO were discussing the concerns over a possible or imminent new recession. NYSE 2018 On the daily chart of the NYSE Composite, the December 2018 plunge is very evident, as it dropped from 12624 to 10723. That was a decline of just over 15% in just 15 trading days. The plunge in the NYSE All A/D Line was equally sharp. On the December 24 drop well over 90% of the SPY and QQQ stocks were lower with over 90% of the volume on the sell side. The NYSE All A/D Line was well below its EMA at the December lows while the survey from the American Association of Individual Investors (AAII) recorded a drop to 20% which was the lowest reading in two years. The A/D line rallied sharply and by January 4th it had moved above its EMA. The A/D ratios were quite strong and by January 9th the initial downtrend, line b, had been broken. Just ten trading days later the longer-term downtrend, line a, was also overcome. By February 15th the NYSE A/D line had moved above the September 2018 high and made a new all-time high. In my analysis, this indicated that the NYSE Composite would also now rally at least 9.5% to also make a new high. This did occur in November 2019. Spyder Trust Weekly The SPY's 9.1% decline last week slightly violated the August 2024 low of $505.48 (red arrow) as it closed the week at $505.28. That is 11.8 % below the 20-week EMA at $573.09 and the most oversold reading since 2022. The close was well below the yearly pivot at $551.51 which reversed the positive trend signal from the start of the year. The yearly S1 is at $497.81 with additional support from April 2024 at $487.65, line a. The late 2021 and the early 2022 high is at $457-$578, line b, as this former resistance has become good support. The April starc- band at $521.04 has already been exceeded. Invesco QQQ Trust & A/D Line The Invesco QQQ Trust (QQQ) was down 9.9% last week to close at $422.67 and just below the S1 at $427.66. The October 2021 high, line a, is at $399.45 with additional support at $366.25, line b. The uptrend from the Covid and the late 2022 low, line c, corresponds to the yearly S2 at $337.51. Currently, QQQ is trading well below the 20-week EMA at $447.68 which is now strong resistance. The weekly NDX 100 Advance/Decline line has closed exactly on its 21-period EMA but has been below its 21 WMA since the middle of March. The key support is now at the early 2025 low and then the uptrend from the 2020 and 2022 low, line e. The A/D line had staged a major upside breakout in late 2023 as the former resistance at line d, is now major support. NYSE Composite Monthly The large capitalization tech stocks led the market's decline but last week the common stocks, represented by the NYSE Composite, were also hit as it was down 8.6%. The close at 17,618 was well below the yearly pivot at 18,683 as the NYSE is just 3.3% above the yearly S1 at 17,033. The late 2021 high, line a, at 17,442 was almost reached last week. There is further support from July 2023 at 16,458, line b. The support from the 2022 and 2023 lows, line c, is currently at 16,498. The monthly NYSE All A/D line made a new high in November with the NYSE Composite as no divergences were formed. The declining monthly A/D line is still above its rising EMA but the weekly A/D line has dropped further below its EMA and is now close to support from the early January lows. Nasdaq Composite - Monthly The Nasdaq Composite (COMPQ) has over 4600 issues compared to just 2860 for the NYSE Composite. The financial quality of the Nasdaq Composite stocks is not quite as high as that of the NYSE stocks and it often leads during market rallies and declines. COMPQ has declined 22.8% from the December 15th high at 22,204 as it closed last week below the yearly S1 at 15,997 as well as the late 2021 high, line a. There is additional support now at 14,646, line b, and then the July 2023 high at 14,446. The close below the S1 makes the yearly S2 at 12,374 the next pivot target. There is chart resistance in the 17,000 area with the sharply declining 20-week EMA at 28,407. The closeness of the major averages to long-term support when combined with the extremely high level of bearish sentiment does make it likely that the stock market will rally sharply in the next two weeks. That does not mean it will be a major low like what formed in early 2019 but it is possible. Spyder Trust - Daily AAII The daily chart of the SPY shows the down gaps in price last Thursday and Friday after the April pivot at $567.27 was tested on Wednesday. SPY closed 9.6% below its 20-day EMA which is the lowest reading since February 2020. The close at $505.28 was well below the daily starc- band at $523.51 and the August 2024 low. There is initial strong resistance in the $545-$550 area. The S&P 500 A/D line spiked on April 2nd before dropping sharply to close well below its EMA. Even though SPY is now below all the lows going back to last August the A/D is still above the March lows as well as the stronger support from the December and January lows, line c. The stronger relative performance of the A/D line when compared to price is a sign of strength as it indicates more stocks are rising than falling. Last week the American Association of Individual Investors (AAII) survey came in with the AAII Bull-AAII Bear reading of -40. This means there were 40% more investors who think stock prices will be lower in the next six months than those who think stocks will be higher. Readings below -30 are a contrarian level that bullish sentiment is too low. My review of the technical evidence still does not indicate that we are in a bear market even though the market averages have dropped considerably more than I expected over the past two weeks. The market examples of 2018 and 2020 demonstrated that even after a scary and powerful decline the market averages can still make new highs. The extreme selling on Thursday and Friday revealed that over 90% of the stocks on the NYSE declined and over 90% of the volume was declining volume. When this happens the historical data analysis reveals a very positive future market. In a recent post by Charlie Bilello found positive returns after large two-day declines for the next 1, 3, and 5 years. Consumer Staples Only the Consumer Staples Select (XLP) is up YTD and the relative performance analysis (RS), from the T&J Sector Watchlist, shows a positive trend since the start of the year. I will be watching the market closely over the next few weeks to find those stocks and ETFs that are performing better than the S&P 500. When the weight of the evidence favors a market bottom I will update my analysis.
