|Day's range||7,815.8628 - 7,860.2490|
|52-week range||6,177.1899 - 7,867.1499|
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.
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.
After the market closed on Monday, Netflix Inc. (NASDAQ: NFLX) reported “disappointing” results for its second quarter ended June 30, 2018, and its stock reacted by falling as much as 14% in the hours following the release. One thing that I think is very important to point out is that subscriber growth is the most scrutinized metric in Netflix’s earnings reports, and Wall Street cares more about the sequential growth (quarter-over-quarter) than the year-over-year growth.
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%.
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, ...
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.
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.
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.
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.
The dollar stayed strong but stocks wobbled and metal markets buckled badly on Thursday, as signs that China was resorting to credit-fuelled stimulus again helped drive its currency to a one-year low. Copper and nickel were both down over 2 percent on London's metal exchange, while zinc was down more than 3 percent and lead shed 2.5 percent.
The S&P 500 started this week on a mixed note and moved higher as the week progressed. On Wednesday, the S&P 500 opened the day higher and rose to fresh 5.5-month high price levels. On July 18, five out of 11 major S&P 500 sectors closed the day higher. Strength in the financials and industrials sectors supported the market. However, weakness in the utilities and consumer staples sectors limited the market’s gains.
SEOUL, South Korea (AP) — Global stock markets drifted lower Thursday as the U.S. mulled whether to impose new tariffs on autos and auto parts. Europe said it was preparing to retaliate in kind, denting one of the key drivers of global growth.
SEOUL, South Korea (AP) — Asian stock markets were drifting Thursday in mixed trading as investors awaited further moves in global trade disputes.
U.S. stocks rose Wednesday as investors parsed another wave of U.S. earnings reports and the Federal Reserve signalled the economy is accelerating. Corporate earnings season is off to a robust start, with about 8% of firms in the S&P 500 having reported so far. Investors hope that earnings season will offer a spark for stocks, which were under pressure for much of June amid trade-related worries.
Asian stocks closed mixed on Thursday, with some markets losing steam after initially gaining on the back of Wall Street's advance on strong earnings. Chinese equities extended their losing streak. White House economic advisor Larry Kudlow said trade talks with China had stalled.
Big gains for banks and for transportation companies like airlines and railroads took U.S. stock indexes slightly higher Wednesday. Other parts of the market didn't move much.
BAML (Bank of America Merrill Lynch) conducted a survey that polled 178 global investors with $663 billion in assets under management from July 6–12. According to the survey, fund managers are turning increasingly bearish on corporate and economic performance prospects.
J.P. Morgan's Mary Callahan Erdoes warns investors could be unprepared for a downturn. "I would take a summer look at your portfolio and make sure you are not over your skis when you didn’t realize it," she advised at the Delivering Alpha conference. State Street Global Advisors CEO Cyrus Taraporevala echos Erdoes, adding that he is urging clients to "weatherproof" their allocation.