- SI Financial Group, Inc. stock price today and history
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SI Financial Group, Inc. stock price, SIFI
SI Financial Group, Inc. stock chart:
SI Financial Group, Inc. close price: 14.85
Stock price forecast:
UP TO +0.54%
Total forecasts: 82
Reached: 43 (52.44%)
Total Win: 15.68 (109.74%)
Showing 1-10 of 434 items.
|Date of Forecast||Stock Price||Target Price||Forecast Reached Date|
SI Financial Group, Inc. latest news:
U.S. stocks extend gains for fourth day on strong financial shares
U.S. stocks climbed for a fourth session on Tuesday, with the S&P 500 and the Dow logging their longest win streak since February, following the release of the White House budget proposal for 2018. Financial stocks were the big winners, thanks to big gains in Goldman Sachs Group and J.P. Morgan Chase & Co. . The S&P 500 rose 4 points, or 0.2%, to close at 2,398. The Dow Jones Industrial Average advanced 43 points, or 0.2%, to end at 20,938 and the Nasdaq Composite Index edged up 5 points to finish at 6,138.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Great-West Lifeco subsidiary announces acquisition of Financial Horizons Group
* Great-West Lifeco subsidiary announces acquisition of
Financial Horizons Group - the leading MGA in the Canadian
Halliburton shares inch higher after company names new CEO
Shares of Halliburton Co. inched higher Thursday, a day after the oil-field services company announced its board of directors elected Jeff Miller, a board member and the company's president, as Halliburton's next chief executive. CEO David Lesar, who has led Halliburton since 2000, will continue as executive chairman. The changes will be effective June 1, the company said in a statement late Wednesday. The announcement had been expected since Miller was named president in 2014, but it came earlier than expected, analysts at Citigroup said in a note Thursday. Moreover, the company is still searching for a chief financial officer after it announced the departure of CFO Mark McCollum in March, they said. But Halliburton is "in good hands, has a deep bench within operations and should attract a highly qualified CFO. The company is currently interviewing candidates and hopes to announce a new CFO in the months ahead," the Citigroup analysts said.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
U.S. stocks post largest one-day drop in eight months
The S&P 500 and Dow industrials on Wednesday posted their largest one-day decline since September as fears over the fallout from turmoil in Washington prompted investors to unload risky assets such as equities. Investors grew increasingly concerned that political turmoil in Washington would delay or prevent President Donald Trump's tax reforms and other fiscal stimulus measures. The selloff on Wall Street was broad-based, with investors fleeing to government bonds and defensive equities such as utilities and real estate. The Dow Jones Industrial Average shed 372.82 points, or 1.8%, to 20,606.93. The S&P 500 slumped 43.64 points, or 1.8%, to 2,357.03. The Nasdaq Composite Index lost 158.63 points, or 2.6%, to 6,011.24, its largest one-day decline since last June. The CBOE Volatility Index surged 40%, biggest one-day increase since last September. Financials were among the worst hit, with the sector down 3%, while nine of the 11 main sectors were down more than 1%. Goldman Sachs Group Inc. lost 5.5% while Bank of America sank 6%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Rate-hike expectations recede as the stock market unravels
Wall Street expectations for an increase in benchmarks interest rates next month by the Federal Reserve fell on Wednesday, as U.S. stocks suffered the worst daily drop in months on concerns President Donald Trump's pro-growth legislative agenda was in jeopardy. Federal-funds futures were indicating that the market was pricing in a 64.6% probability of a rate hike at the Fed's two-day meeting starting June 13-14. That is down from expectations as high as about 90% just last week and 74% on Tuesday, according to the CME Group's data. The current levels still imply a strong likelihood of a rate increase as the Janet Yellen's Fed aims to normalize monetary policy, but significantly lower. The downshift for the rate-hike outlook comes as so-called risk assets, notably stocks, are tumbling sharply, along with yields for government bonds. Reports alleging that Trump tried to influence an FBI probe into members of his presidential campaign and Russia by requesting that then-director of the Federal Bureau of Investigation, James Comey, end an investigation into former National Security Adviser Michael Flynn has intensified doubts that the president will be able to implement a host of market-friendly policies that had been at the heart of the runup in risk assets in recent months. The Dow Jones Industrial Average was off 1.5% at 20,661, putting it on pace to log its worst one-day drop in eight months. The S&P 500 index and the Nasdaq Composite Index also were on track for their sharpest declines since September. Financial stocks have been at the center of Wednesday's storm with shares of Goldman Sachs Group Inc. and J.P. Morgan Chase & Co. cutting more than 100 points from Dow, combined. Lower interest rates can undercut a bank's lending model. The yield on government bonds have been near their lowest levels in three weeks, with the 10-year Treasury note [BX:TMUBMUSD10Y] yielding 2.22%. Yields, which move inversely to prices, tend to fall in times of uncertainty and as expectations for rate hikes decline. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Financials tumble in biggest one-day drop in April as political uncertainty weighs
Shares of financial companies dropped on Wednesday, leading the overall market's decline as political turmoil intensified, weighing on investor sentiment. The Financial Select Sector SPDR ETF fell 1.8% in its biggest one-day drop since late March. It was by far the biggest decliner among the largest sector-tracking exchange-traded funds. Among the most actively traded stocks in the sector, Goldman Sachs Group Inc. sank 2.1% while Bank of America Corp. lost 3.3%. Citigroup Inc. fell 1.8% while J.P. Morgan Chase & Co. shed 2.1%. Among other financial ETFs, the SPDR S&P Bank ETF lost 2.3% while the regional equivalent fell 2.5%. The sector has been one of the biggest beneficiaries to the so-called "Trump rally," climbing on hopes that President Donald Trump would deregulate the industry and push through other initiatives that were seen as supportive to the sector's profits. Getting such legislation may be less likely in the current environment, as Trump faces controversy for his recent firing of the then-director of the Federal Bureau of Investigation, who had been investigating Trump's former-national security adviser.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Financial stocks hit session highs after Fed comments
Shares of financial companies rose on Wednesday, rising to their highs of the session after the Federal Reserve left interest rates unchanged but said that the weak read in first-quarter GDP was "likely to be transitory." The Financial Select Sector SPDR ETF rose 0.6%. It traded at 0.2% prior to the Fed's announcement. Among specific names, Bank of America Corp. rose 0.4% while Citigroup Inc. added 0.5%. Wells Fargo & Co. climbed 0.9%. Bank stocks are highly correlated to Federal Reserve activity, and tend to outperform in times of rising rates. Higher rates tends to boost bank net interest margins, which can lead to higher profitability.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Bank stocks rebound from fleeting retreat, even as Trump said to consider break-up rule
Bank stocks briefly fell, then recovered, on the heels of a news report indicating that President Donald Trump is weighing a break-up of the country's largest financial institutions and re-installation of a policy that would separate a banks' consumer-lending and investment-banking businesses. "I'm looking at that right now," Trump told Bloomberg in an interview the Oval Office. A popular way to invest in the banking sector, the Financial Select SPDR Fund pulled off its highs of the session but bounced back, recently trading up 0.7%. Shares of J.P. Morgan Chase & Co. were up 0.5%, as were shares of Goldman Sachs Group Inc. , considered a pure-play investment-banking franchise. Goldman's shares were rising 0.7% in recent trade. Members of Trump's administration have suggested that the president might push to reimpose a version of the so-called Glass-Steagall rule, which was repealed by then-President Bill Clinton in 1999. Some blame the repeal of the rule and the sprawling scale of banks like Citigroup and Bank of America for the severity of the 2008 financial crisis. Meanwhile, the S&P 500 index was rising 0.3% at 2,390, while the Dow Jones Industrial Average traded flat at 20,940.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Stock market halts 3-session skid with largest gain since March 1
U.S. stocks rebounded on Monday, notching their largest gains since March 1, as financial shares led markets higher while investors monitored corporate earnings and the latest developments between the U.S. and its geopolitical adversaries. The S&P 500 index climbed 20.06 points, or 0.9%, to 2,349.01, while the Dow Jones Industrial Average rose 183.67 points, or 0.9%, to 20,636.92. The Nasdaq Composite Index gained 51.64 points, or 0.9%, to 5,856.79. Shares of United Continental Holdings Inc. [S: UAL] and Netflix Inc. rose as both firms prepared to report quarterly earnings after the bell. United shares tumbled last week as the company took heat after video surfaced of a customer being violently dragged off a plane. The company is now facing a lawsuit filed by the passenger. Shares of MoneyGram International Inc. climbed after Alibaba Group Holding Ltd controlled Ant Financial Services lifted its bid for the U.S. money-transfer unit. Bank of America Inc. shares will be in focus as the company prepares to report quarterly earnings on Tuesday before the bell. In other markets, gold futures settled higher on Monday for a fourth straight session. One ounce of gold for June delivery rose $3.40, or 0.3%, to $1,291.90.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Financials turn negative for the year ahead of key bank earnings
The S&P financial sector fell on Wednesday and turned negative for the year, in the latest indication that one of the strongest trades of the postelection rally is unraveling. The sector lost 0.9% on Wednesday, while the Financial Select Sector SPDR ETF , the largest exchange-traded fund to specifically track financials, lost 0.8%. With the day's move, financials are now down 0.3% for the year. The banking sector had been one of Wall Street's most profitable trades in the aftermath of President Donald Trump's November election win. At one point, financials accounted for more than half the overall stock market's advance. However, it has fallen more than 8% since early March, leading the overall market lower. Losses have come amid broad concerns about valuation, as well as the Federal Reserve indicating it might only raise interest rates by three times in 2017. Bank profits tend to be stronger in periods of higher rates, and investors had previously expected as many as four hikes this year. Despite expectations for higher rates going forward, benchmark bond yields have been trading at multi-month lows. The 10-year Treasury yielded 2.24% late Wednesday, near a five-month low. Caution over the financial sector has also been elevated going into the first-quarter earnings season, with investors looking for confirmation that its valuations are justified. A number of key banks will be reporting quarterly results in the coming days, including J.P. Morgan Chase & Co. , Citigroup Inc. and Wells Fargo & Co. on Thursday. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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