|Day's range||22,212.57 - 22,551.67|
|52-week range||20,347.49 - 24,448.07|
(Bloomberg) -- U.S. stocks edged lower as investors assessed the latest batch of corporate earnings and simmering geopolitical tensions ahead of the weekend. The dollar weakened and oil rose.
BEIJING (AP) — Global stocks were mixed Friday after data showed Chinese economic growth slowed more than expected but officials moved to shore up the country's markets.
Yes, Chinese and Hong Kong shares rallied after their mid-day breaks, but it took a whopping four hours for that to happen after China propped up the market earlier on Friday. The fact of the matter is, a 2 percent to 3 percent climb on Friday won’t remove China’s title as the world’s worst stock market. The bounce has certainly pulled other Asian markets up with the mainland rally (Shenzhen stocks climbed 2.6 percent) in afternoon trading, but the MSCI Asia Pacific Index was still down 0.2 percent as of 5 p.m. in Hong Kong after dropping as much as 1 percent earlier.
U.S. Treasury markets posted a wicked two-sided trade on Thursday. The first move by yields was to the upside, driven by Wednesday’s hawkish Fed minutes, which strongly indicated the Fed will remain on its tightening path. Yields began to fall on safe-haven buying after European Central Bank President Mario Draghi criticized plans by certain member countries to increase borrowing limits, sending Italian and Spanish yields up sharply.
It’s also the most expensive relative to reported earnings, and its weighted average cost of capital is almost double the median for Japan’s 20 largest traded companies, excluding financial firms. Fast Retailing declined to comment on its stock.
(Bloomberg) -- A risk-off tone gripped global financial markets, with U.S. stocks sliding while Treasuries climbed with the yen on demand for havens.
BEIJING (AP) — Asian stock markets sank Friday after Wall Street declined on losses for tech and industrial stocks and Chinese economic growth slowed.
Stock markets mostly dipped on Thursday on the news that some policymakers at Federal Reserve think interest rates should continue to be raised until they are slightly restrictive. The future contracts for the Dow Jones industrial average and for the S&P 500 were both down 0.4 percent. FED TALK: The Federal Reserve's minutes from its meeting in late September, when it raised interest rates for the third time this year showed some participants thought the Fed's key interest rate would eventually need to "become modestly restrictive" to ensure inflation doesn't climb too high.
According to pre-market reports, European traders are assessing the news that European Union leaders shelved plans for a special summit to complete a Brexit deal next month.
Treasuries declined and the dollar gained as Fed minutes appeared to lean toward the chance of more hikes in the future. Gains by banking giants Goldman Sachs and Morgan Stanley couldn’t counter concerns about China that hit Technology stocks, as well as worries about the Fed’s path that seeped into rates-sensitive shares. The dollar rose the most in two weeks before a report expected Wednesday by the U.S. that could label China a currency manipulator.
BANGKOK (AP) — Shares fell Thursday in Asia after a retreat on Wall Street driven by sell-offs of technology shares, homebuilders and retailers. A report of weaker Japanese exports in September underscored uncertainties over the outlook for trade.
SINGAPORE (AP) — Stock markets stabilized Wednesday after a rally inspired by strong corporate earnings, with investors also monitoring talks on Britain's exit from the European Union.
While we can expect some focus on the FOMC minutes, it’s all about the GBP and the EUR today, the EU Summit putting Brexit and Italy in focus.
The S&P 500 surged more than 2 percent, all 30 members of the Dow Jones Industrial Average advanced and small caps in the Russell 2000 Index notched the best gain since the day after the 2016 election. The Nasdaq Composite saw its biggest gain since March as UnitedHealth Group bolstered health-care firms and Adobe’s forecast lifted software makers. Technology stocks looked set to extend gains in the futures session as Netflix rallied on a surge in net subscribers.
STOCKSTOWATCHTODAY BLOG Good Times. The Dow Jones Industrial Average was heading higher Tuesday after closing in the red on Monday. Attention will be on corporate earnings, with (GS) Morgan Stanley, and (JNJ) among the companies set to report.
Risk appetite trickles back into the markets early on supporting the commodity currencies, while the Kiwi gets a boost from Q3 inflation numbers.
TOKYO (AP) — Global stocks mostly slipped Monday as investors continued to worry about global trade and prospects for economic growth. The price of oil rose amid tensions over Saudi Arabia, a major crude exporter.
Brexit jitters hit the Pound, with Italy’s budget delivery to the EU later today weighing on the EUR, as risk aversion returns to the markets.
Rising US yields, along with the fears of a global economic slowdown have pressured global stock markets last week. Is this the start of a correction or a recession?
The benchmark had all but erased a morning rally that reached 1.7 percent, only to bounce higher after JPMorgan analysts said that selling forced by computer-driven strategies had likely run its course. Netflix Inc. rallied 6 percent amid an “opportunistic upgrade” from analysts at Citigroup Inc. Activision Blizzard Inc. drove gains in gaming shares after releasing a new version of “Call of Duty.” The 10-year Treasury yield rose for the first time in three days, reaching 3.16 percent, though down 10 basis points for recent highs.
Looking at it another way, the S&P 500 Index is now down six straight trading sessions. It is also trading below its 200-day moving average for the first time since April. The Dow has lost more than 1300 points in two-days. At one point during the trading session, the NASDAQ Composite was down over 10 percent from its recent top, putting it briefly in correction territory.
SINGAPORE (AP) — Asian stocks were mixed on Friday as better-than-expected Chinese trade data gave some markets a breather from worries about the impact of punitive tariffs.
The risk off sentiment continued through the early part of the day, with better than expected trade data out of China doing little to settle the markets.
Tech shares, which bore the brunt of the selling Wednesday, fared relatively better Thursday, although the Nasdaq 100 Index’s losses from an August record reached 9 percent. “All of a sudden, you got that severe downturn because the results of the 30-year note auction were better than expected and people said ‘We’re going to shift now,’” said Donald Selkin, chief market strategist at Newbridge Securities. “It was asset allocation, it was a plunge.