The MSCI EAFE is the least correlated to the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) at 0.52 and has the lowest standard deviation of returns over the past decade. The most risky market is the technology heavy Nasdaq. The Nasdaq 100 standard deviation is 8.12%. SPDR S&P 500 ETF Trust (NYSEARCA:SPY) stock opened at $177.02 in last session, and closed at $178.18, while the day range of stock is $176.93 – $179.29. The stock showed a negative weekly performance of -0.40%.
A New York State Supreme Court justice on Friday approved an $8.5 billion settlement between Bank of America Corp (NYSE:BAC) and a group of mortgage securities investors, but the ruling contained a caveat that could create new problems for the bank. Bank of America Corp (NYSE:BAC) stock opened at $16.72, in last session and closed at $16.75, by losing -1.06%. The 52 week range of the stock is $10.98 – $17.42. Company’s market capitalization is $177.41 billion.
The iShares MSCI Emerging Markets Index (ETF) (NYSEARCA:EEM) exchange-traded fund added 0.2 percent to $38.19 Friday. iShares MSCI Emerging Markets Indx (ETF) (NYSEARCA:EEM) stock advanced 0.24% and finished the last session at $38.19. The EPS of the stock remained -3.61. Company’s market capitalization is $34.56 billion.
Microsoft Corporation (NASDAQ:MSFT) was upgraded by analysts at Deutsche Bank from a “hold” rating to a “buy” rating. They now have a $40.00 price target on the stock, up previously from $32.00. Microsoft Corporation (NASDAQ:MSFT) stock opened the session at $36.95, and closed the session at $37.84. The 52 week range of the stock remained $27.10 – $38.98 and the day range was $36.56 – $37.89.