|Day's range||24,825.77 - 25,003.10|
|52-week range||21,197.08 - 26,616.71|
Earnings out of FedEx and another report on the housing market will be highlights for investors on Tuesday amid a slow week for corporate and economic news.
The Dow Jones Industrial Average dropped more than 100 points today but the loss wasn't nearly as bad as it could have been. For the past two days, the Dow Jones Industrial Average has started off with sizable selloffs, only to rally back. The S&P 500, meanwhile, has barely finished down on those days, and today the Nasdaq Composite didn't even drop.
U.S. stocks have struggled of late, with the Dow Jones Industrial Average on track for its fifth straight negative session, but two factors that may not be obvious to those just looking at the major indexes ...
Energy stocks, supported by rise in Brent futures, gain groundAFP/The U.S.-China trade spat is heating up. The Dow Jones Industrial Average registered its fifth straight decline Monday, but stocks broadly managed to finish above session lows as gains in energy and technology shares helped to limit declines partly inspired by fears over trade tensions between the U.S. and China. The Dow (^DJI) fell 103.01 points, or 0.4%, to 24,987.47, led by drops in Intel Corp. (INTC) and Boeing Co. (BA) shares.
U.S. government bond yields struggled for direction Monday as stocks pared some of their losses from the open, sparked by escalating trade tensions between Washington and Beijing. President Donald Trump approved tariffs of 25% on about $50 billion of Chinese goods Friday, drawing retaliatory measures by China on U.S. goods of the same value. The modest bounceback helped to ease the flow of investors into haven assets such as U.S. government bonds.
U.S. stocks mostly closed lower on Monday, though major indexes ended well off their lows and the Nasdaq finished in the green as investors once again looked past the specter of trade-policy tensions to ...
Raphael Bostic, the president of the Atlanta Fed, said the trade concerns aren’t so high as to get businesses to scrap the projects they’re currently working on. “I began the year with a decided upside tilt to my risk profile for growth, reflecting business optimism following the passage of tax reform,” Bostic said. Using a term often employed by traders, Bostic said “risk off” behavior is now the dominant sentiment.
A week of catalysts couldn't get the S&P or the Dow Jones Industrial Average to move all that much last week, but markets continued to suffer indigestion from the North Korea-U.S. Summit, a hawkish FOMC, a dovish ECB, trade wars, and of course, the tug-of-war between earnings versus valuations. •...explain why Biogen (BIIB) shares are tumbling. Markets are recoiling from threats of protectionism as trade wars escalate between the U.S. and China.
US stocks closed the week ending on June 15 with a mixed performance. Investors largely ignored the concerns about a trade war between the US and China. The benchmark S&P 500 Index (SPY) was essentially flat at 2,779.42, while the Dow Jones Industrial Average (DIA) fell 0.9% to 25,090.48. However, the NASDAQ Composite Index (QQQ) outperformed with a gain of 1.3% to 7,746.38. Bank stocks fell
Atlanta Fed President Raphael Bostic said Monday the central bank still hasn't reached the so-called neutral rate -- where policy is neither accommodative nor restrictive. "The level of the policy rate that qualifies as neutral is not something we know with precision," Bostic said at the Rotary Club of Savannah.
Stock-market investors navigated, virtually unscathed, a gauntlet of central-bank gatherings, a historic summit between President Donald Trump and North Korean Kim Jong Un, and flaring trade tensions. The S&P 500 index(^GSPC)ended the week essentially flat, managing the narrowest of weekly gains, up 0.02% to 2,779.66, while the Dow Jones Industrial Average(^DJI)posted a weekly decline of 0.9%. The Nasdaq Composite Index(^IXIC)outperformed both, rising 1.3% for the five-day period.