|Day's range||24,307.17 - 24,700.98|
|52-week range||21,712.53 - 26,951.81|
CNBC's Jim Cramer laments the power that oil prices currently wield over individual stocks. If oil prices had continue to plunge Wednesday, even high-quality stocks wouldn't have been able to withstand the pain, the "Mad Money" host says. Longer term, lower oil prices will eventually return to being a boon for stocks, Cramer argues.
All three major indexes ended the day above the break-even line, while the Dow Jones Industrial Average registered the most gains. It’s been a tug of war with mixed signals on fourth-quarter earnings, the global economy, the trade war, Brexit, and the U.S. government shutdown. TheDow Jones Industrial Average increased 171.14 points, or 0.7%, to 24,575.62, while the S&P 500 added 5.8 points, or 0.2%, to 2,638.7 and the Nasdaq Composite grew 5.41 points, or 0.1%, to 7,025.77.
U.S. stock indexes spent Wednesday drifting and finished with small gains. While big companies continue to report strong profit growth, investors aren't sure how much longer it will last. On Wednesday: ...
Uncertainty persisted in Washington, where no end to the longest-ever federal government shutdown appeared to be in sight. "The headlines coming out of Davos are rehashing some of the pessimism," said Matthew Keator, partner in the Keator Group, a wealth management firm in Lenox, Massachusetts. IBM provided the biggest boost to the Dow, rising 8.5 percent after cloud and software services helped its profit come in above analyst estimates and the company offered better-than-expected guidance for 2019.
Merck and Pfizer were the two top performer among Dow components last year, but both saw ratings cut to the equivalent of neutral.
Trump likes to take credit when stocks rally, but two years into his presidency, stocks have suffered a reversal of fortune on policy uncertainty.
Investing.com - The Dow closed higher on Wednesday as a surge in IBM and United Technologies helped offset weakness in energy.
United Technologies Corp rose 4.3 percent after the industrial conglomerate reported a better-than-expected profit and forecast 2019 earnings above estimates, boosted by acquisition of aero parts maker Rockwell Collins. Fellow industrial companies in the Dow, Boeing Co, Caterpillar Inc and 3M Co rose between 0.2 percent and 0.9 percent. The gains follow Wall Street's more than 1 percent loss on Tuesday as worries about slowing global growth came to the fore after a gloomy economic outlook from the International Monetary Fund, signs of further cooling in China's economy and mixed reports on U.S.-China trade talks.
A trio of strong earnings reports from IBM, Procter & Gamble, and United Technologies lifted U.S. stock futures despite continuing concern over global economic growth, the trade war with China, and the government shutdown.
Investing.com - A trio of Dow components help push the broader market higher early Wednesday after posting strong quarterly numbers.
Investing.com - Gold prices dropped on Wednesday as investors opted to rotate out of the safe-haven asset in favor of stocks after a handful of Dow components reported better-than-expected quarterly earnings.
Around 7:15 a.m. ET, Dow Jones Industrial Average futures popped 147 points, indicating gain of 159.52 points at the open. Futures on the S&P 500 and Nasdaq 100 also pointed to solid gains. Dow members United Technologies and Procter & Gamble rose 4 percent and 3.1 percent in the premarket, respectively, after both companies reported better-than-expected earnings.
Investing.com - U.S. futures pointed to a rebound at the open after reports that the Senate will vote Thursday on rival proposals to end the partial shutdown of the federal government while better-than-expected results from Dow components boosted sentiment.
Investors enjoying tranquility in the stock market are facing a new source of potential volatility: the quarterly earnings of industrial and technology companies that start reporting this week. The S&P 500 and Dow Jones Industrial Average posted their smallest daily moves over a two-week period since September in the two weeks through Friday, according to Dow Jones Market Data. The average one-day swing for both the S&P 500 and Dow was 0.6%, marking a sharp change from the violent moves that dominated in the fourth quarter.
On Wall Street, stocks dropped to their lows of the day following a Financial Times story which said the U.S. had canceled a trade meeting with Chinese officials. The report was later confirmed by a source familiar with the situation to CNBC's Kayla Tausche. Major stock markets in Asia ended mixed on Wednesday amid concerns over the state of ongoing U.S.-China trade negotiations, after reports emerged that the White House canceled a trade planning meeting with Beijing this week.
U.S. stocks broke a four-day winning streak on Tuesday as global growth worries were front and center. It might be time for a pause in market gains, one analyst says.
Your Energy Review for the Week Ended January 18(Continued from Prior Part)US equity indexes Between January 11 and January 18, US equity indexes rose. The S&P Mid-Cap 400 (IVOO), the Dow Jones Industrial Average (DIA), and the S&P 500 Index
Worries about an economic slowdown sent stocks south. Plus, 2019 guidance from Johnson & Johnson and Stanley Black & Decker raised some concerns.
Stocks fell sharply Tuesday following new signs the global economy is weakening and reports of difficulties in trade talks between the U.S. and China. That broke a four-day winning streak for U.S. indexes.
U.S. stocks ended lower on Tuesday, snapping a four-session rally, as a gloomy global economic growth outlook, trade concerns and disappointing company forecasts dampened sentiment. All three major U.S. ...
Your Energy Review for the Week Ended January 18Economic slowdown pressure oil prices Between January 11 and January 18, US crude oil March futures rose 4.1% and closed at $54.04 despite a rise in the US dollar. However, as of around 4:14 AM EST