|Day's range||26,044.23 - 26,639.09|
|52-week range||18,213.65 - 29,568.57|
The banking industry hopes to lean on its investment banking and cost-cutting efforts in an otherwise ugly second quarter.
Stock futures opened slightly higher Monday evening as investors looked ahead of a slew of earnings results from big banks Tuesday and later this week.
Apple is carving out a new all-time high, and Disney is being forced to shut down its Hong Kong resort.
With most blue-chip companies earnings scheduled over the coming days, investors should closely monitor the movement of the Dow ETF and grab an opportunity that arises from a surge in any of the 30 stocks.
Wall Street got a painful reminder of the threat the coronavirus pandemic poses to the economy Monday, and a big early gain for stocks suddenly flipped to losses after California rolled back its reopening plans amid a spike in cases. The S&P 500 fell 0.9%, with all the losses accumulating in the last hour of trading, after California said it will extend closures of bars and indoor dining across the state, among other restrictions. It’s one of many states across the U.S. West and South where coronavirus counts are accelerating and threatening the budding recovery that just got underway for the economy.
Japan's benchmark Nikkei 225 climbed 1.7% to 22,675.31. “According to FactSet, the estimated earnings decline for the S&P 500 index sits at -44.6%, representing a whole different world compared to the S&P 500 index that is approximately 6% away from its previous all time," said Jingyi Pan of IG.
Stocks rose Friday, and the Nasdaq Composite hit yet another record high, after Gilead Sciences announced that its remdesivir treatment reduced the risk of death for Covid-19 patients, based on new data from the company.
American Airlines threatened to cancel 737 Max orders, and an analyst expects bank earnings to fall dramatically in the second quarter.
The Nasdaq is like "a train that is moving faster than any train we've ever seen before,” says one veteran strategist.
In a Yahoo Finance Premium webinar, Brian Shannon, CMT discusses why trading legends missed the bulk of the post-Covid stock market rally and explains how traders can avoid common pitfalls, such as impulsive trading, by having a trading plan and knowing their time frame.
Wall Street closed mixed on Thursday growing concerns about the second wave of the coronavirus dented investors' confidence.
The S&P 500 climbed 1%, and the biggest gains came from cruise ship operators, airlines, banks and other companies that most need the economy to continue to reopen and strengthen. The S&P 500 rose 32.99 to 3,185.04.
Global equity benchmarks edged higher after struggling for direction for most of the day and bond yields flat-lined on Friday as investors weighed a record number of new coronavirus cases in the United States against improving economic data in Europe and signs that Gilead Sciences Inc's remdesivir drug helped reduce the risk of death in severely-ill COVID-19 patients. More than 60,500 new coronavirus infections were reported across the United States on Thursday, the largest single-day tally by any country since the virus emerged late last year in China. "The sharp increase in confirmed cases has led to growing concerns that a return to broad lockdowns lies ahead," Goldman Sachs wrote in a note.
What happened Shares of DocuSign (NASDAQ: DOCU) climbed 2.9% on Thursday, even as the Dow Jones Industrial Average (DJINDICES: ^DJI) fell 1.4%, following bullish comments by analysts. So what Wedbush analyst Daniel Ives reiterated his "outperform" rating on DocuSign's stock and boosted his target price from $165 to $240.
Thursday wasn't a good day for the stock market, although there were some pockets of strength in an otherwise gloomy session. The Dow Jones Industrial Average (DJINDICES: ^DJI) and S&P 500 (SNPINDEX: ^GSPC) were significantly lower, with the Dow losing more than 360 points.
Stocks abruptly turned negative Thursday as fears over the economic outlook following an increase in coronavirus cases resurged. The Dow and S&P 500 wiped out their week to date gains.
Walgreens is raising its cost savings target as the pandemic hits sales and profits, and analysts see Microsoft and Cisco as good bets.
This market veteran offers a grim assessment on markets if Joe Biden's tax plan goes through should he win the presidency.