|Day's range||24,459.03 - 24,750.22|
|52-week range||21,712.53 - 26,951.81|
All three major indexes surged more than 1%, but not all investors were happy. Tesla slumped and the government shutdown was in its 27th day.
The major benchmarks made gains, but Netflix fell despite reporting a strong quarter. Elsewhere, Apple and Johnson & Johnson announced a new collaboration.
NEW YORK (AP) — Stocks in the U.S. and Europe jumped Friday as renewed hopes for progress in trade talks between the U.S. and China helped the markets finish the week with another strong gain.
Stocks in the U.S. and Europe jumped Friday as renewed hopes for progress in trade talks between the U.S. and China helped the markets finish the week with another strong gain.
Broader Market Supported the Energy Portfolio(Continued from Prior Part)US equity indexesOn January 10–17, US equity indexes had the following correlations with US crude oil March futures:the S&P 500 (SPY): 95.5%the Dow Jones Industrial
The Dow Jones Industrial Average is up 1.1%, to 24,648.88 in recent trading. The S&P 500 and Nasdaq Composite are both surging 1.2%.
11:20 a.m. The Dow Jones Industrial Average has gained more than 200 points on reports that China has offered to eliminate its trade deficit with the U.S. by 2024. The Dow has risen 233.77 points, or 1%, to 24,603.87, while the S&P 500 has gained 1.1% to 2664.48, and the Nasdaq Composite has climbed 1.1% to 7162.20. Bloomberg reported that China had offered to reduce its trade deficit with the U.S. to $0 by 2024, the last year of President Donald Trump’s presidency if he were to get re-elected.
Based on the early price action and the current price at 24540, the direction of the March E-mini Dow Jones Industrial Average futures contract on Friday is likely to be determined by trader reaction to the downtrending Gann angle at 24460.
Broader Market Supported the Energy PortfolioOil pricesOn January 17, US crude oil March futures fell 0.5% and settled at $52.36 per barrel. Rising oil production in the United States and concerns surrounding global economic growth might have
STOCKSTOWATCHTODAY BLOG Hope Again. Stocks were climbing in premarket trading, as investors cheered a potential step closer to ending the trade war. The White House may be considering pulling back tariffs to incentivize China to make its own concessions and calm markets.
BEIJING (AP) — Global stocks rose Friday after investors saw signs of possible progress toward a resolution of the U.S.-Chinese tariff war.
The market jumped sharply following a report that U.S. officials are considering lifting tariffs on Chinese imports as a way to advance trade talks. Gains soon faded.
Stocks, which had been flat most of the day, spiked when The Wall Street Journal reported that the U.S. was considering new tactics in talks with China, including lowering tariffs. They pulled back when the White House denied the report.
Will Oil End the Week on a Lower Note?US crude oil So far this week, US crude oil February futures have risen 1.4%. However, at 11:42 AM EST on January 17, US crude oil prices had fallen $0.52 from their last closing level. Lately, bearish EIA
The Nasdaq and S&P 500 were pushing ahead with small gains at noon on Thursday, after starting the day on a downbeat note.
Economic analysts—including Jamie Dimon—are issuing warnings about how the extended shutdown might hurt the economy and markets.
BEIJING (AP) — Chinese stocks rose Friday on signs of possible progress in negotiations over Beijing's tariff war with Washington.
Stock ownership has gotten extremely concentrated in the U.S. with the top 1% owning half of equities held by American households.
SECTORFOCUS BLOG Clouds in my coffee. Stocks were stalling on Thursday morning, with Dow Jones Industrial Average futures down 0.2%. There were a few downbeat corporate earnings weighing on sentiment, along with the ongoing government shutdown.
Even after a price hike that sent some Netflix customers to social media in outrage, the company can “continue to raise prices,” said media mogul and tech investor Barry Diller. Besides his prediction on Netflix and the TV streaming wars, Diller explained why critics should back off Facebook, what he thinks of the Trump presidency, and what makes him consider Elon Musk a genius.
In the emotional tug of war between Wall Street and the Federal Reserve, investors are winning right now. The market has a hissy fit every time Chairman Jerome Powell says he will continue doing what the Fed has done for the past couple of years—gradually raising the federal-funds rate and reducing its balance sheet, which ballooned to $4.5 trillion in the years after the financial crisis. Never mind that the very same people trashed Powell’s predecessors, Janet Yellen and Ben Bernanke, for keeping rates too low and engaging in three rounds of massive bond buying (aka “quantitative easing”), which kept the markets rising while the economy made a long, slow recovery from the Great Recession.