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Yahoo Finance's Seana Smith and Jared Blikre on the biggest headlines moving the markets in midday trading Tuesday.
President Trump is set to meet members of Congress today, as the backlash grows over his comments at a summit with Vladimir Putin. The President said he believed Putin’s denials, over the assessment of US intelligence agencies. Yahoo Finance’s Alexis Christoforous, Editor-in-Chief Andy Serwer and Melody Hahm discuss.
Asian markets have eased after early gains as a sweep of positive news from Wall Street and beyond boosted confidence in the U.S. economy. KEEPING SCORE: Japan's benchmark Nikkei 225 gained 0.4 percent ...
Japan's Nikkei rose 0.43 percent as a weakening yen promised to fatten exporters' profits. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.1 percent and Australia 0.6 percent. Federal Reserve Chairman Jerome Powell stuck with an upbeat assessment on the U.S. economy while downplaying the impact of global trade risks on the outlook for rate rises.
An inverted yield curve may not be a dreaded harbinger of doom for the bull market, according to Ryan Detrick, senior market strategist at LPL Research, who believes that stocks have awhile to go before worrying about unseemly yield curves or even a recession. An inverted yield curve, where long-term yields such as the 10-year Treasury yield drop below their shorter-term peers, symbolizes a lack of confidence in the economy. It has also emerged as a closely watched early warning signal for economic trouble, particularly in the wake of research from the San Francisco Federal Reserve that every U.S. recession in the past 60 years was preceded by an inverted yield curve.
Investing.com – Asian equities traded slightly higher in morning trade on Wednesday following upbeat remarks from Federal Reserve Chairman Jerome Powell during his congressional testimony.
SINGAPORE (AP) — Asian markets climbed higher on Wednesday as a sweep of positive news from Wall Street and beyond boosted confidence in the U.S. economy.
U.S. stocks rose Tuesday following Federal Reserve Chairman Jerome Powell’s Senate testimony, while investors also continued dissecting the latest round of corporate earnings results. The S&P 500 rose 11.12 points, or 0.4%, to 2809.55, and the technology-focused Nasdaq Composite climbed 49.40 points, or 0.6%, to 7855.12. Mr. Powell told Congress that strong economic growth and stable inflation should keep the central bank on track to gradually raise short-term interest rates.
As tech companies continue to dominate Wall Street, with four now standing alone with valuations of more than $800 billion, gigantic growth is priced in and expected. All the drama is in the forecasts.
The Trump administration has surprised markets when it comes to trade disputes and tariff announcements. Analysts are looking at metrics, including approval ratings for U.S. President Donald Trump and stock market performance, as indicators for whether or not trade tensions will ease. From the tariffs on steel and aluminum imports in March to July's list of $200 billion in Chinese goods that may be targeted by new American levies, the U.S. administration's trade policies have repeatedly caught markets off guard.