How Did the Stock Market Do Today? S&P 500 Hits New Record

Garrett Baldwin

For May 21, 2015, here's how the stock market did today, earnings reports, the top stock market news, and stocks to watch based on today's market moves…

How Did the Stock Market Do Today?

Dow: 18,285.74, +0.34, 0.00%

S&P 500: 2,130.82, +4.97, +0.23%

Nasdaq: 5,090.79, +19.05, +0.38%

The S&P 500 hit yet another record today thanks to earnings reports and expectations that the Federal Reserve will not raise interest rates until next year. The DJIA Index ticked upward marginally. The S&P 500 Volatility Index (VIX), the market's fear gauge, roughly 6% on the day.

On Friday, Federal Reserve Chairwoman Janet Yellen will give a speech on the outlook of the U.S. economy from Providence, R.I., at 1 p.m. today. Investors will keep an ear on her speech, looking for clues on the Fed's interest rate plan following the release of the FOMC minutes on Wednesday.

Top Stock Market News Today

• Oil Splurge: S. oil futures rose again on geopolitical concerns in Yemen and Iraq. In addition, geopolitical concerns in Yemen continue to weigh on crude oil prices. WTI crudefutures for July gained nearly 3% to hit $60.69 per barrel. Brent oil was up nearly 2.2% to hit $66.52 per barrel.
• Looking Abroad: At a time when Greece is likely to leave the European Union, Ukraine's hopes for joining the EU are being dashed by Germany's Chancellor Angela Merkel. Ukraine Foreign Minister Pavlo Klimkin said this week that he anticipates the EU's meeting with six former Soviet satellites would lead to a temporary membership for the nation. However, Merkel suggested that none of these nations have met the pre-conditions needed to warrant a vote on their status.
• On Tap Friday: Tomorrow investors will keep their focus on U.S. economic data, which includes the Consumer Price Index. Companies reporting earnings this morning include Deere & (NYSE: DE), Foot Locker Inc. (NYSE: FL), Hibbett Sports Inc. (Nasdaq: HIBB), Campbell Soup Co. (NYSE: CPB), and ANN Inc. (NYSE: ANN).

Stocks to Watch: CRM, OCR, CVS, HPQ, AMZN

• Stocks to Watch No. 1, CRM: Shares of com (NYSE: CRM) didn't need rumors or takeover speculation to drive prices up this morning. Shares of the cloud software company rose 3.9% on the day after the firm reported a profit for the first time in seven quarters.
• Stocks to Watch No. 2, OCR: Shares of Omnicare Inc. (NYSE: OCR) were up 1.72% on news that the pharmacy benefits manager will be purchased by CVS Health Corp. (NYSE: CVS). The all-cash deal is expected to be worth roughly $10.4 billion, or $98 per share. The deal rises to $12.7 billion when including debt assumption. Shares of CVS rose 2.39%, and the company expects the deal will boost its customer base of aging prescription patients.
• Stocks to Watch No. 3, HPQ: Shares of Hewlett-Packard Co. (NYSE: HPQ) rose more than 1% in post-market hours on news that the company beat first-quarter earnings expectations. The firm reported $0.87 per share, besting Wall Street calls by $0.02.
• Stocks to Watch No. 4, AMZN: Shares of com Inc. (Nasdaq: AMZN) jumped 1.83% after the company announced that its Amazon Prime Now one-hour delivery services will not be available in Manhattan. The services guarantees one-hour deliver of groceries, meals, and baked goods.

What Investors Must Know This Week

• How to Grab Profits During a Stock Market Crash

• M&A: Invest in the Next Tech Takeover Targets

• How to Profit from the Keystone Pipeline Debate

Garrett Baldwin

About the Author

Browse Garrett's articles | View Garrett's research services

Garrett Baldwin is a globally recognized research economist, financial writer, and consultant with degrees from Northwestern, Johns Hopkins, Purdue, and Indiana University. He is a seasoned financial and political risk analyst, with a focus on stocks, hedge funds, private equity, blockchain, and housing policy. He has conducted risk assessment projects for clients in 27 countries, and consulted on policy and financial operations for some of the nation's largest financial institutions, including a $1.5 trillion credit fund, a $43 billion credit and auto loan giant, as well as two of the largest Wall Street banks by assets under management.

Garrett joined Money Map Press as an economist and researcher in 2011, specializing in alternative strategies with an emphasis on fundamental and technical analysis.

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