|Day's range||8,536.73 - 8,589.76|
|52-week range||6,190.17 - 8,589.76|
The Dow Jones Industrial Average and the S&P 500 fell from record levels on Tuesday as dour forecasts from retailers Home Depot and Kohl's fuelled worries about consumer spending and the U.S.-China trade dispute dragged on. U.S. President Donald Trump on Tuesday threatened to escalate the trade war by raising tariffs on Chinese imports if no deal is reached with Beijing. Home Depot Inc fell 5.4% and was the top drag on the benchmark S&P 500 and the blue-chip Dow after the No.1 U.S. home improvement chain cut its 2019 sales forecast for the second time this year.
Global shares rose Tuesday as investors appeared hopeful for positive news from the trade talks between the United States and China. Strong economic data and better-than-expected corporate earnings have buoyed U.S. shares since early October, while “markets remain convinced that we will see the phase-one trade deal finalized before the next major tariff increase deadline of December 15th,” analyst Edward Moya of Oanda said in a report. Chinese indexes rose as political protests in Hong Kong quieted somewhat, with police tightening a blockade at Hong Kong Polytechnic University.
Global markets were subdued Monday as investors look for developments in the U.S.-China trade war and the outlook for stocks after Wall Street indexes hit record highs last week. Britain’s FTSE 100 gained almost 0.3% to 7,322 in midday trading. U.S. shares were set to drift higher with Dow futures gaining 0.3% to 28,040.
Don't let the 'fear of missing out' dictate your investing strategy, said Oscar Loynaz, m+ funds founder and managing director.
Fedspeak from the last two weeks reveals that six of the Fed's twelve regional presidents supported the October rate cut, but six likely did not.
The benchmark S&P 500 tallied its sixth straight week of gains, its longest such weekly streak in about two years, while the Dow breached 28,000 for the first time. White House economic adviser Larry Kudlow said late on Thursday that the United States and China are getting close to a trade agreement, citing what he called very constructive talks with Beijing. “Today is definitely about optimism surrounding the trade tensions,” said Jason Pride, chief investment officer of private wealth at Glenmede in Philadelphia.
Global equities markets rose and safe-haven assets such as gold and government debt fell on Friday on renewed hopes that the United States and China will reach a deal to de-escalate their trade war helped boost risk appetite. The three major U.S. stock indexes opened higher and set fresh record highs while equity markets from Tokyo to the major bourses in Europe and across the Americas gained on remarks by White House economic adviser Larry Kudlow on Thursday. Kudlow cited what he called very constructive talks with Beijing about ending a 16-month trade war during an event at the Council on Foreign Relations in Washington.
Crude prices rose and global equities markets rallied on Friday, with the major U.S. indexes setting record highs, on renewed optimism the United States and China are nearing a deal to de-escalate a 16-month trade war that has crimped global growth. Equity markets from Tokyo to the major bourses in Europe and across the Americas gained on remarks by White House officials, after sputtering earlier in the week when President Donald Trump dashed hopes of a deal. Progress was being made on an agreement's details, according to U.S. Commerce Secretary Wilbur Ross, who said trade talks were set to continue with a telephone call on Friday as both sides seek to hammer out a "phase one" pact.
Asian equities rose on Friday after the S&P 500 index notched a new record closing high, but investor sentiment remained fragile following weak data from China and Germany, which reinforced concerns about the global economy. Providing a fillip to investor confidence in Asia were comments from White House economic adviser Larry Kudlow that Washington was getting close to a trade agreement with China.
Fed Chairman Jerome Powell told Congress Thursday that there's "no reason to think" that the U.S. economy is at a greater risk of recession right now.
The Dow index ended barely negative, after posting a closing high on Wednesday, while the Nasdaq also ended fractionally lower. Cisco shares tumbled 7.3% after the network gear maker forecast second-quarter revenue and profit below expectations as increasing global economic uncertainties kept clients away from spending more on its routers and switches. Cisco's share decline weighed the most on the major indexes and helped drag the technology sector down 0.1%.
The S&P 500 edged up to a record closing high at the end of a choppy day of trading. The Dow was off just slightly as declines in shares of Cisco weighed on the 30-stock index.
Philadelphia Fed President Patrick Harker said Wednesday night that he thinks the central bank should not move on interest rates "at least for a while."
A day after President Donald Trump bashed the Federal Reserve for not pushing interest rates negative, Fed Chairman Jerome Powell told Congress that "would certainly not be appropriate."
The Wall Street Journal reported during the session that U.S.-China trade negotiations have hit a snag over farm purchases, the latest development in a dispute between the two countries that has convulsed markets for more than a year. The three indexes had all drifted higher earlier in the day after Federal Reserve Chairman Jerome Powell said U.S. central bankers see a "sustained expansion" ahead for the country's economy. “It’s still about China and investors trying to decide whether there’s a deal coming or not," said Rick Meckler, partner at Cherry Lane Investments in New Vernon, New Jersey.
Investing.com – Stocks retreated into the red Wednesday afternoon on a report from The Wall Street Journal that U.S. and China trade talks have stalled over agriculture purchases.
The S&P 500 chalked up its 20th record closing high for 2019, edging past the previous year’s haul and keeping the index on track for one of its strongest calendar-year performances of the past three decades. ...