S&P Global Stock Price, News & Analysis

S&P Dow Jones Indices reported preliminary Q3 2022 buybacks for the S&P 500 at $210.8 billion, down 4.0% from $219.6 billion in Q2 2022 and 10.1% from $234.6 billion in Q3 2021. 319 companies executed buybacks, a decrease from 331 in Q2 2022. Financials rose 8.5% from Q2, but were 62.8% lower than Q3 2021. Energy saw a significant increase of 64.5% from Q2. Q3 dividends declined 0.2% to $140.3 billion, while total returns fell 2.5% to $351.2 billion.

Odometer fraud is increasing, with CARFAX reporting over 1.9 million vehicles on the road having their odometers rolled back, marking a 7% rise from last year. Consumers could lose an average of $4,000 when unknowingly purchasing a car with a manipulated odometer. Public Relations Director Emilie Voss emphasized that digital odometers do not eliminate this issue, as fraudsters exploit the current used car market for quick profits. CARFAX provides a free tool to check for odometer fraud and offers protective tips, accessible at www.carfax.com/odo.

Novata has appointed Meredith Binder as Chief Marketing Officer and Beth Meyer as Chief Legal Officer, strengthening its leadership team in the ESG data management sector. Binder previously led marketing at S&P Global (NYSE: SPGI), while Meyer comes from Techstars, focusing on ESG compliance. Both executives are set to enhance Novata's mission to advance sustainable capital practices. Supported by major organizations like the Ford Foundation and Hamilton Lane (NASDAQ: HLNE), Novata aims to solidify its position in providing essential ESG insights for private market stakeholders.

According to S&P Global Commodity Insights, high natural gas prices and energy security concerns are making methane capture projects economically viable. The analysis indicates that over 70% of lost methane can be captured, equating to 80 bcm of new gas supply, including 40 bcm that could meet France's annual demand within 2-3 years. This effort could reduce greenhouse gas emissions by over 750 Mt CO2e, supporting both energy security and climate goals. Key barriers to implementation were identified alongside pathways to facilitate new projects.

S&P Global Market Intelligence recently concluded its first Finance Challenge Hackathon, engaging students from Villanova University to analyze the impact of inflation using S&P Capital IQ products. Over two weeks, students developed financial models addressing inflation's effects on markets and industries. The winning team, Team Elite, focused on real estate investment trusts (REITs) and proposed strategies to mitigate inflation's negative impact. This initiative enhances students' skills and prepares them for future careers in finance.

S&P Global Commodity Insights has released its 2023 energy outlook, highlighting that China's COVID-19 policy will be a critical factor for global energy demand. Expected growth in China's energy demand by 3.3 million barrels per day will drive 47% of global energy demand growth next year. While crude oil supply is forecasted to grow by 1.7 million b/d, it remains slower compared to 2022. Global commodity prices are anticipated to ease in 2023, but refining margins should remain strong. However, Europe's energy market faces tighter conditions due to reduced Russian gas supplies, leading to demand destruction.

S&P Dow Jones Indices released the S&P CoreLogic Case-Shiller Indices for September 2022, indicating a slowdown in U.S. home price gains. The National Home Price Index reported a 10.6% annual gain, down from 12.9% in August. The 10-City Composite and 20-City Composite also saw declines in their annual gains, at 9.7% and 10.4% respectively. Month-over-month, the U.S. National Index fell 1.0%, with declines evident across all 20 cities. Miami, Tampa, and Charlotte led in year-over-year gains, while rising interest rates may further weaken home prices.