|Day's range||25,351.53 - 25,817.68|
|52-week range||22,948.23 - 26,951.81|
Fund managers expect the global economy to slowdown in the next year at the highest rate since November 2008, when the economy was already feeling the effects of the financial crisis.
U.S. stocks surged, sending the Dow industrials up more than 500 points, as upbeat economic and earnings reports provided investors with new evidence that the domestic expansion remains on a strong footing....
Overnight on Wall Street, major stock indexes saw their best day since March after the release of strong quarterly results from some of the largest U.S. companies. Stocks in Asia were higher on Wednesday morning following a strong bounce on Wall Street overnight. In Japan, the Nikkei 225 advanced by 1.33 percent in morning trade, while the Topix index gained more than 1.43 percent, with most sectors trending up.
CNBC's Jim Cramer explains what led the market to soar on Tuesday after days of selling. The strength can last as long as the Fed doesn't get too hawkish, the "Mad Money" host warns. As better-than-expected earnings results drove the Dow Jones Industrial Average more than 500 points higher on Tuesday, paring last week's losses, CNBC's Jim Cramer became cautiously optimistic about the fate of the rally.
The blue-chip benchmark had its best day since March as stellar earnings pushed stocks higher and yields remained tame.
The U.S. stock market rose sharply on Tuesday, but that doesn't necessarily mean it's time to celebrate yet, says Virtu Financial's Matthew Cheslock. Ariel Investments' Charlie Bobrinskoy says earnings are going to reassure investors. The U.S. stock market shook off the recent sell-off and rose sharply on Tuesday, but that doesn't necessarily mean it's time to celebrate yet, trader Matthew Cheslock told CNBC.
Morgan Stanley, Goldman Sachs and UnitedHealth led a parade of companies that reported profits for the third quarter that surpassed analysts' expectations. Technology companies also jumped after taking steep losses during the market's rout last week. WASHINGTON (AP) -- President Donald Trump is criticizing the Federal Reserve for raising interest rates too quickly.
U.S. stocks rocketed to their biggest gain in six months Tuesday following strong earnings from major financial and health care companies as well as reports showing industrial output and job postings were rising.
"In a midlife crisis people do irrational things and they do them at inopportune times," Mayflower Advisors' Larry Glazer says. Glazer believes last week's scare makes right now an "opportune time" for investors to rebalance their portfolios. The recent market sell-off was not the start of a longer-term bear market, but rather a temporary "midlife crisis," veteran wealth manager Larry Glazer told CNBC on Tuesday.