^DJI - Dow Jones Industrial Average
| Previous close | 25,886.01 |
| Open | 26,020.06 |
| Volume | 252,641,570 |
| Day's range | 26,020.06 - 26,215.84 |
| 52-week range | 21,712.53 - 27,398.68 |
| Avg. volume | 269,984,603 |
- Yahoo Finance
Stock market news: August 19, 2019
U.S. stocks rallied Monday morning in an at least temporary reprieve after a mid-August rout. U.S. government bond yields rose across the curve, led by yields on 30-year bonds and 10-year notes.
- Yahoo Finance
How the Fed ‘could trigger carnage in the bond and equity markets’ this week
Investors await commentary from Federal Reserve Chair Jerome Powell this week at the annual Jackson Hole conference on Friday.
- Motley Fool
What Happened in the Stock Market Today
Indexes rose, with Estee Lauder reporting strong sales and Aurora Cannabis making moves toward the market for hemp-derived products.
- FX Empire
E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – August 19, 2019 Forecast
Based on the early price action, the direction of the September E-mini S&P; 500 Index the rest of the session on Monday is likely to be determined by trader reaction to the short-term 50% level at 26215.
- Motley Fool
Stock Market News: GE, PG&E Face New Threats
Markets started the new week on a positive note, but not every stock saw gains.
- FX Empire
Stocks Ready to Jump Again, but Is Downtrend Over?
Stocks retraced some of their recent declines on Friday, as investors’ sentiment improved following bouncing off the short-term support level, economic data releases. The S&P; 500 index continues to trade within a consolidation. Is this a bottoming pattern or just a flat correction before another leg down?
- Motley Fool
3 Things to Watch in the Stock Market This Week
Look for Home Depot, Foot Locker, and TJX Companies stocks to make big moves over the next few trading days.
- FX Empire
The Week Ahead: Monetary Policy, Stats and Geopolitics In Focus
It’s a busy week ahead. Geopolitics, economic data, and monetary policy are in focus. We can expect it to be a choppy week…
- FX Empire
E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Overcoming 26012 Puts Dow on Strong Side of Major Retracement Zone
Based on Friday’s price action and the close at 25907, the direction of the September E-mini Dow Jones Industrial Average on Monday is likely to be determined by trader reaction to the main 50% level at 26012.
- Yahoo Finance
San Francisco doesn't care about the stock market
San Francisco is home to hot IPOs like Uber, Lyft, Slack and Pinterest. Big swings in the stock market get less attention than sizeable moves with any of the cities biggest publicly traded names.
- Yahoo Finance
Bonds, yields, and why it matters when the yield curve inverts: Yahoo U
The yield curve inversion had markets tumbling amid concerns of a coming recession, but what is a "yield curve" and how (and/or why) does it invert?
- Yahoo Finance
Should stocks be taking their cue from bonds?
Plunging Treasury bond yields spooked a lot of investors this past week, especially after the yield on the 10-year Treasury briefly fell below that of the 2-year for the first time in more than a decade. That so-called inverted yield curve has preceded each of the last seven recessions. But Scott Ladner, chief investment officer at Horizon Investments, tells Yahoo Finance that the U.S. stock market shouldn’t necessarily be taking its cue from the bond market right now. That’s because about $17 trillion of government bonds worldwide are trading at negative yields, according to Bloomberg.
- Motley Fool
Stock Market News: Applied Materials, NVIDIA Report Mixed Results
Major benchmarks picked up some ground on Friday morning.
- Yahoo Finance
'Too much damage has been done': strategist on US-China trade war
Liz Ann Sonders the chief investment strategist and a senior vice president at Charles Schwab & Co. is skeptical about a comprehensive trade deal.
- Motley Fool
Stock Market News: Cisco Looks Weak; Canopy Growth Gets Smoked
Thursday morning saw continued nervousness among investors.
- Market Realist
Dow Jones, Boeing, and GE Fall: Hard Landing Ahead?
On Wednesday, US stock indexes fell due to recession signals. The Dow Jones Industrial Average (DIA) was the worst performer with a 3.05% fall.
- FX Empire
E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – August 15, 2019 Forecast
Based on the early price action, the direction of the September E-mini Dow Jones Industrial Average on Thursday is likely to be determined by trader reaction to the uptrending Gann angle at 25458.
- FX Empire
USD/JPY Fundamental Daily Forecast – Price Action Suggests Recession Concerns Being Downplayed
On Wednesday, former Federal Reserve Chair Janet Yellen told FOX Business she doesn’t think the U.S. economy is headed toward a recession. “I think the answer is most likely no,” Yellen said.
- FX Empire
Weak Bank Shares an Early Drag on Asia Pacific Markets
Early Thursday, the yield on the 30-year Treasury bond dropped to a record low in the morning of Asian trading hours, breaking the 2% level for the first time, according to Reuters.
- Bloomberg
Global Stocks Break Key Technical Level as S&P 500 Holds On
(Bloomberg) -- Stocks around the world are falling through technical support levels closely watched by investors.The MSCI All-Country World Index closed below its 200-day moving average on Wednesday for the first time since early June. It was joined by the Dow Jones Industrial Average. A break below the support level is seen by some traders as a bearish signal for stocks.“For the Dow itself, this violation of its 200-day average comes barely a month after it was trading at a new high,” said Sundial Capital Research Inc. founder Jason Goepfert in a note. “That’s a quick turnaround for the venerable index, and of course raises the prospects that the latest push to its highs was a false breakout, with the 200-day violation indicating likely weakness ahead.”The Dow’s drop means that two of the so-called Big Four U.S. benchmarks are now below their key averages, with the Russell 2000 Index of small stocks having done so earlier this month. While the S&P 500 Index is about 6% off its record high from July, it remains above its 200-day support around the 2,796 level.“The S&P is not broken, but clearly it’s not ‘strong’ either having swung more than 1% intraday in each of the past 8 sessions,” Evercore ISI technical analyst Rich Ross wrote Wednesday. “I thought this period of outsized volatility would resolve itself higher, but my confidence in that view has waned as we test support at 2,850.”Still, Fundstrat Global Advisors LLC Director of Technical Strategy Robert Sluymer said that given the breadth of the weakness Wednesday, it wouldn’t be surprising to see a bounce back on Thursday. He’s closely watching levels including around 2,943, this week’s high, to confirm a low is completing.(Adds commentary from Fundstrat and Piper Jaffray.)To contact the reporter on this story: Joanna Ossinger in Singapore at jossinger@bloomberg.netTo contact the editors responsible for this story: Christopher Anstey at canstey@bloomberg.net, Andreea Papuc, Cormac MullenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Bloomberg
Countdown to Catastrophe? What the Yield Curve Means for Stock Bull Markets
(Bloomberg) -- A key portion of the U.S. Treasury yield curve has inverted, an ominous sign for the economy and the stock market. But what investors should do about it now is a complicated question.Looking at history, after the spread between two- and 10-year Treasury yields first turned negative 10 times going back to 1956, the S&P 500 topped out anywhere from two months to two years later, according to data compiled by Bank of America strategists. Often, bailing immediately after the signal flashed meant missing out on double-digit gains.“It’s a great recession indicator. It just happens to work with a lag,” Tony Dwyer, Canaccord Genuity’s chief market strategist, said by phone. “Acting on it now is inappropriate.”For the first time since 2007, the rate on 10-year Treasury notes dipped below those of 2-year notes Wednesday, sounding alarms across global financial markets. The signal from the bond market has preceded each of the last seven recessions.Six of the last 10 times the yield curve inverted, the S&P 500 rolled over within three months. In the other four, the gauge didn’t top out until at least 11 months passed, data compiled by Bank of America show. The wide range of possibilities muddies the waters for stock investors that consider the yield curve when allocating portfolios.The S&P 500 “can take time to peak after a yield curve inversion,” strategists at the bank, including Stephen Suttmeier, wrote in a note to clients this week. But ultimately, “the equity market is on borrowed time after the yield curve inverts.”If you took the yield curve’s first inversion prior to the 2008 financial crisis as a signal to sell, you were probably glad. Yes, you missed a nearly 25% advance between Christmas 2005 and the top of the bull market 22 months later. But just five months after that, your gain had shrunk to 4%. Holding on through the whole bear market left you gutted -- down 46%.Then again, five years later you were back to even. Ten years later you were sitting with a 64% gain. It’s a different story for the initial inversion that came before the dot-com bubble burst. The spread turned negative briefly in May 1998, and the S&P 500 went on to rally almost 40% through the bull market peak. While that gain would’ve turned to a loss of 30% just 2 1/2 years later at the market bottom, you still would’ve seen double-digit negative returns five years after the first signal.Still, timing the market isn’t easy and it can be tempting to hold on, especially since the S&P 500 usually enjoys a last gasp rally after the initial yield curve inversion. Sure, the S&P 500 has fallen an average of roughly 5% in the immediate aftermath of an inverted yield curve, but the comeback has been stronger, rallying almost 17% on average in the 7 months after the initial negative reaction, according to Bank of America. In Asia, stocks were sold off on two of the last three inversions. Major equity benchmarks plunged Wednesday after key parts of both the U.S. and U.K. yield curves inverted, stoking further concerns over weak global growth. The S&P 500 fell 2.9% while the Dow Jones Industrial Average lost 800 points. U.S. 30-year Treasury yields also fell to record lows. Stocks in Japan were down by almost 2% at 10 a.m. in Tokyo on Thursday.At Crossmark Global Investments in Houston, which manages $5 billion, the team is keeping an eye on the curve, but not yet taking the signal too seriously. Victoria Fernandez, the firm’s chief market strategist, notes that the consumer is still strong, and until retail sales data or other indicators start to deteriorate, she’s not worried a recession is imminent.Still, rates on longer-dated bonds falling to record lows is concerning, and the stickiness of the latest yield curve inversion is well worth paying attention to, she said. “If we had a true inversion of the yield curve that stuck for a while -- if we saw an inversion go for a quarter and those consumer numbers start to come down as well, we see that GDP start to contract, if we see that, then maybe we add a little bit of cash.”(Updates with Asian market performance in 11th paragraph)To contact the reporters on this story: Sarah Ponczek in New York at sponczek2@bloomberg.net;Lu Wang in New York at lwang8@bloomberg.netTo contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Chris NagiFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Yahoo Finance
El-Erian: Negative yields 'will break things' in US economy
Allianz Chief Economic Adviser Mohamed El-Erian says he would sound the alarm if U.S. Treasury yields dip into negative territory.
