|Day's range||24,557.03 - 24,762.48|
|52-week range||20,505.33 - 26,616.71|
U.S. stocks were setting up for a lower open but a weekly win, as investors nervously awaited another batch of earnings, including those from big names such as GE and Honeywell.
Asian shares slipped on Friday as a warning on smartphone demand from the world's largest contract chipmaker slugged the tech sector, while high oil prices stirred inflation fears and undermined sovereign bonds. Spreadbetters pointed to a firm start for European shares, with FTSE futures up 0.3 percent but E-Minis for S&P 500 were a tad softer as were Dow futures. In Asia, Apple led the way after Taiwan Semiconductor Manufacturing cut its revenue target to the low end of forecasts and blamed softer demand for smartphones.
Yes, American Express (AXP) surged following better-than-expected earnings, and Philip Morris International (PM) got shellacked after releasing its own results. But all eyes were on the bond market, where the 10-year yield jumped 0.046 percentage point to 2.914% today, its highest since Feb. 22, while its price dropped 0.4%.
According to the AAII Sentiment Survey, 37.8% of investors describe themselves as bullish, meaning they expect prices will be higher six months in the future. The reading represents an eight-week high, and growth of 11.7 percentage points from the previous week, although it is below the long-term average of 38.5%. The Dow Jones Industrial Average (^DJI) is up 0.7% over the past week, while the S&P 500 (^GSPC) is up 1.1% and the Nasdaq Composite Index (^IXIC) is up 1.4%.
U.S. stocks fell on Thursday, with major indexes declining broadly as the latest round of earnings failed to extend a recent rally. However, stocks closed off their lows of the session. The Dow Jones Industrial ...
Want to know why the Dow Jones Industrial Average and other major indexes are doing what they're doing? 3:45 p.m. We're used to the market selling off during the last hour of the day, so imagine out surprise when we looked over at our chart of the Dow Jones Industrial Average and saw instead a sudden spike. According to Bloomberg, Deputy Attorney General Rod Rosenstein told President Donald Trump that Special Counsel Robert Mueller isn't targeting him when the two met last week.
The Dow Jones Industrial Average has dropped more than 100 points today, while the S&P 500 looks set to break its three-day winning streak. Is there a meltdown in the soybeans market that everybody missed? “Farmers’ Anger at Trump Tariffs Puts G.O.P. at Risk in Midterms,” the New York Times declares on the front page, warning of rising fury among Midwestern farmers about the president’s tariff spat with China.
The Dow Jones Industrial Average on Thursday were slumping, pushing the blue-chip gauge into the red for the year and threatening a second straight decline as consumer-staples shares declined. Most recently, ...
The Dow Jones Industrial Average on Thursday was trading near the lows of the session as a steady rise in the rates of long-dated Treasurys weighed on buying appetite for stocks. The 10-year Treasury note ...
The S&P 500 was down over 11 points or 0.44% to 2,696.67 as of 9:43 AM ET (13:43 GMT) while the Dow composite decreased 60 points or 0.24% to 24,687.69 and tech heavy NASDAQ Composite fell nearly 34 points or 0.47% to 7,260.72.
In the previous part of this series, we saw that Morgan Stanley (MS) thinks the bull market will end soon. It said the present bull market has already priced in the market movement and there is nothing else that will strengthen it. The most important factor investors should watch in the present scenario is earnings growth, which plays a major role in market movement.
If they’re a harbinger of the rest of earnings season, then stocks will likely move higher as more companies report. The other big reason for the rebound is that “Trump risk” appears lower now than it did when I wrote about it a month ago, largely because talk of a full-blown trade war with China has diminished.
The numbers: The leading economic index rose 0.3% in March, and while it was the smallest increase since last September, the gauge also showed little reason to be worried. The index “points to continued solid growth in the U.S. economy for the rest of the year,” said Ataman Ozyildirim, a senior economist at the Conference Board, publisher of the report. Several indicators of labor-market health softened a bit, but that likely reflects seasonal distortions caused by the Easter holiday.
It’s a quiet morning for the U.S. stock market. Futures are down a bit and volatility is muted as investors apparently are looking for news to trade on.
On Tuesday, April 17, 2018, leading investment firm Morgan Stanley (MS) shared its views on the bull market in a research report. According to the report, the positive impact of the fiscal policy has already been priced into the market movement and won’t add more value to any future movement. The bull market has been mainly driven by the expectation of a huge tax reform and improved government spending.
Shares of American Express Co. surged 5.2% in morning trade Thursday, enough to pace the Dow Jones Industrial Average's advancers, in the wake of the charge-card and travel-related services company's first-quarter ...
Billionaire investor Ray Dalio believes that the present economic condition in the US is similar to conditions in the mid-to-late 1930s.
U.S. stock indexes on Thursday opened slightly lower, with the Dow set to mark a second downbeat day in a row and the broader market benchmarks poised to snap a three-session string of gains. The Dow Jones ...
Saudi Arabia would like to see oil prices at $80 or even $100 a barrel — and that’s “icing on the cake” for the resurgent market, according to at least one analyst. Crude (CLK18.NYM) hit a 3 1/2-year high yesterday, lifted by U.S. supply surprise and by optimism about a renewal of the OPEC deal on Friday. “Supply disruptions and lower U.S. inventories make a very compelling argument to enter or stay long oil, even at these lofty levels,” says Stephen Innes, senior trader with OANDA, told clients in a note Thursday.
Metal and mining stocks saw a sharp rally yesterday. Looking at individual names, Alcoa (AA) and Freeport-McMoRan (FCX) gained 4.0% and 4.8%, respectively. In the steel space, U.S. Steel Corporation (X) and AK Steel (AKS) gained 3.1% and 2.3%, respectively. Notably, the stocks saw a significant increase in an otherwise range-bound market. The SPDR Dow Jones Industrial Average ETF (DIA) closed with a marginal loss of 0.17% on April 18. Steel stocks also defied a downgrade by UBS.
The rate of layoffs in the U.S. fell slightly in April and clung near a 45-year low, reflecting a booming jobs market in which work is easy to find and companies are scrambling to find help. Initial jobless ...