|Day's range||24,986.35 - 25,124.10|
|52-week range||21,496.13 - 26,616.71|
U.S. stocks inched lower Friday, ending the week little changed, as White House comments on monetary policy sent the dollar and government bond prices sliding. Major indexes struggled to break higher throughout the week as investors parsed dozens of earnings reports and rebukes from President Donald Trump on Federal Reserve policy. A White House official told CNBC that Mr. Trump was worried the Fed would raise interest rates twice more this year.
The Dow Jones Industrial Average finished lower on the day, but not enough to really count. •...and explain why State Street (STT) sank to the bottom of the index. The S&P 500 rose 0.52 point this week after dipping 0.1% to 2801.83 today, while the Dow Jones Industrial Average advanced 38.71 points, or 0.2%, this week after declining 6.38 points today to 25,058.12 today.
On a day the major benchmarks were mostly flat, General Electric fell on concerns over its power business, while Microsoft reported strong sales gains.
Between July 12 and July 19, US equity indexes’ correlation with US crude oil September futures was as follows: The S&P 500’s (SPY) was 20.6%. The S&P Mid-Cap 400’s (IVOO) was 84.7%. The Dow Jones Industrial Average’s (DIA) was -10.1%.
Microsoft (MSFT.O) rose as much as 3.6 percent to a record high of $108.20 and was the biggest boost to the S&P 500 and the Dow Industrials. President Trump said he was ready to impose tariffs on all $500 billion of imported goods from China, unnerving financial markets in premarket trading.
Stocks flinched after President Donald Trump said he's "ready to go" with tariffs on $500 billion of Chinese imports, but they have since recovered. The Dow Jones Industrial Average at around 25,078 Friday afternoon appears to be standing still as investors are becoming practiced stoics. •...and explain why State Street (STT), provider of the world's largest exchange-traded fund, is sliding. The Dow has risen just 32.53 points, or 0.1%, to 25,097.03, while the S&P 500, at 2806.87, is flat.
Investing.com - Oil prices remained on track for sharp weekly declines in midmorning trade on Friday, despite hopes that Saudi Arabia was determined not to flood markets with exports, as traders looked ahead to the latest weekly data on U.S. production.
The Dow Jones Industrial Average is poised for a fall morning as trade war worries resurface. Look Up Stocks ended lower on Thursday, and it looks like the Nasdaq, helped by Microsoft (MSFT), may be the only index to buck that trend Friday. Dow Jones Industrial Average futures are 0.4% lower, while S&P 500 futures are off 0.2% but Nasdaq Composite futures are clinging to gains, up 0.1%.
There have been over 50 component changes to the Dow's since 1896, and these three stocks could be the next to join the prestigious index.
The S&P 500 closed at a 5.5-month high price level on Wednesday and clocked the second consecutive daily gain. On Thursday, nine out of 11 major S&P 500 sectors closed the day lower. The release of stronger-than-expected earnings reports boosted the S&P 500 on Wednesday.
Want to know why the Dow Jones Industrial Average is doing what it's doing? Check back here for a semi-live look at the volatile markets from Barron's reporters. 7:41 a.m. It's a mixed market this morning, ...
Investing.com - Oil prices traded higher early in Europe on Friday, as comments that Saudi Arabia would reduce exports in August tempered fears of oversupply.
SINGAPORE (AP) — World stock markets fell sharply Friday after U.S. President Donald Trump said he was prepared to put new tariffs on all Chinese imports, escalating the rhetoric in a trade war that could hit global economic growth.
Investing.com – Asian markets were mostly lower in morning trade on Friday as U.S. President Donald Trump criticised the Federal Reserve for raising interest rates.
Asian markets wobbled Friday on signs that China and the U.S. were preparing to impose more tariffs on each other's products. KEEPING SCORE: Japan's Nikkei 225 lost 0.5 percent to 22,652.42 and South Korea's ...
U.S. stocks declined Thursday as a deal to toughen foreign-investment reviews stoked trade tensions and a round of lukewarm corporate-earnings reports weighed on sentiment. The proposed policy changes, announced Thursday by Senate Majority Whip John Cornyn of Texas, would mark the first major shift in a decade to laws used to vet foreign investment. The deal strengthens the Committee on Foreign Investment in the U.S. and the export control system, ostensibly to hinder foreign investment from countries such as China that could threaten national security.
Asian stocks closed higher on Friday as markets recovered after a session of choppy trade. The yuan pared all its early losses after touching a one-year low earlier in the day. The Shanghai composite jumped 2.04 percent on the yuan's recovery.
The Dow Jones Industrial Average ended its five-day winning streak with a 100-point-plus drop. •...and explain why eBay (EBAY) fell to the bottom of the S&P 500. President Donald Trump said he's not happy with the Federal Reserve raising rates.
U.S. stocks dropped on Thursday after earnings disappointed and trade jitters escalated over worries that the European Union could slap retaliatory tariffs on goods imported from the United States. Officials from the EU Trade Commission, due in Washington next week for trade talks, are said to be preparing a list of tit-for-tat actions in response to proposed U.S. tariffs on EU cars. Automakers said tariffs on U.S. cars and car parts could increase vehicle prices by $83 billion annually.
Banks and other large U.S. stocks fell Thursday, but smaller companies climbed, which made for a mixed finish on Wall Street. Representatives of the auto industry addressed Congress and spoke out against ...
The U.S. dollar pulled back from year-high levels on Thursday after U.S. President Donald Trump expressed concern about a strong currency, while disappointing earnings reports and escalating trade tensions weighed on stocks. Trump told CNBC television that he was unhappy about the Federal Reserve's decision to hike interest rates, saying he was concerned about their potential impact on the U.S. economy and American competitiveness. The dollar fell from a one-year peak against a basket of currencies to trade just slightly higher after Trump's comments, while the greenback also gave back some of its gains against the Chinese yuan, which had earlier dropped to a one-year low against the dollar.
Investing.com - Oil prices rose on Thursday, as a Saudi Arabian official indicated that the country’s exports will be little changed despite a large increase in production.
Want to know why the Dow Jones Industrial Average is doing what it's doing? In an interview with CNBC, President Donald Trump said that he's "not thrilled" about rising rates. Trump's comments didn't have much impact on the stock market—the S&P 500 has declined 0.3% to 2806.95, while the Dow Jones Industrial Average has dropped 106.36 points, or 0.4%, to 25,092.93, and the Nasdaq Composite has fallen 0.3% to 7832.28.
Blame it on the strong dollar—public-company enemy No. 1 this earnings season. •...wonder if the S&P 500 has enough juice to hit a new high this summer; •....stare agog at Danaher (DHR) shares. The Dow has been dinged. Meanwhile the S&P has fallen 0.3% to 2807.24 and the Nasdaq Composite has declined 0.3% to 7833.28.