|Day's range||24,628.54 - 24,762.48|
|52-week range||20,406.68 - 26,616.71|
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.
U.S. stock-index futures point to a slightly lower open Thursday. Equities are staying on course for a weekly gain, boosted by enthusiasm over earnings.
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.
The Dow Jones Industrial Average early Thursday was 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, ...
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 ...
After regaining strength last week, the S&P 500 started this week on a stronger note and gained in the first two trading days. Carrying forward the strength, the S&P 500 opened higher on April 18 and closed the day at four-week high price levels. Five out of 11 major S&P 500 sectors closed higher on Wednesday. Strength in the energy and industrials sectors pushed the market higher. On the other hand, weakness in the consumer staples and telecom services sectors limited the market gains.
Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, recently shared his views on the current trade war talk and the rising concern about other geopolitical tensions in a LinkedIn blog post. Ray Dalio said, “Donald Trump threatening to raise the stakes by $100 billion and the Chinese promptly indicating that they will match the moves dollar for dollar and step by step took me and people closer than me to the negotiations by surprise.
Want to know why the Dow Jones Industrial Average and other major indexes are doing what they're doing? 7:35 a.m. The S&P 500 has started the week off with three days of gains. S&P 500 futures have dipped 0.1%, while Dow Jones Industrial Average futures have declined 11 points.
The US stock markets initially dipped a bit during the trading session on Wednesday but found enough buying pressure to turn things around and show signs of life again. Because of this, I think that there is a longer-term proclivity to the upside. The longer-term attitude should continue to be driven higher by a lack of trade wars, and of course stronger corporate earnings.
Wall Street futures are pointing lower on Thursday morning despite an expected boost for energy stocks stemming from oil reaching a 3½ year high. Futures for the S&P 500 are down 0.2 per cent, jeopardising ...
The Australian share market has opened higher after stronger commodities prices lifted BHP, Rio Tinto and shares in other miners. At 1030 AEST, the local currency was worth 77.91 US cents, up from 77.59 US cents on Wednesday.
The major equity indexes barely moved today, as a postearnings drop from International Business Machines (IBM) was canceled out by gains from Textron (TXT), Intuitive Surgical (ISRG), and others. Ultimately, it shows once again that it's as much a market of stocks as it is a stock market. The Dow Jones Industrial Average dropped 38.56 points, or 0.2%, to 24,748.07, while the S&P 500 ticked up 0.1% to 2708.64, and the Nasdaq Composite advanced 0.2% to 7295.24.
On a mixed day for day the major benchmarks, Intuitive Surgical jumped on strong earnings and SunPower announced it is buying a domestic solar panel factory.
Treasury yields rose across the board on Wednesday, and the closely watched narrowing of the premium between short-dated and longer-dated bonds took a breather. The 2-year note yield (XTUP:TMUBMUSD02Y=X), the most sensitive to shifts in interest-rate expectations, rose 4.4 basis points to 2.429%, the highest since Aug. 2008, marking the largest one-day yield climb since Feb. 14. The benchmark 10-year Treasury note yield (XTUP:TMUBMUSD10Y=X) picked up 5.3 basis points to 2.867%, the largest one-day yield gain since Feb. 14.
Stocks posted a mixed finish Wednesday, with the Dow Jones Industrial Average unable to overcome a tumble by component IBM as investors looked past better-than-expected earnings. The S&P 500 rose 0.1% ...
New York Fed President William Dudley said Wednesday there "is still some distance to go" before monetary policy gets tight. The Federal Reserve in March lifted its federal funds rate target to between 1.5% and 1.75%. Dudley, who plans to retire this year, said a gradual path of interest rate increases remains appropriate.