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Federal Reserve Chair Janet Yellen reportedly has a meeting with the President on Thursday to discuss the possibility of a second term. Yahoo Finance's Alexis Christoforous, editor-in-chief Andy Serwer and Justine Underhill discuss whether or not Trump will reappoint her and if she still wants the top job at the Fed.
The blue-chip index has surpassed four similar 1,000-point milestones this year, indicating investor faith in the bull-run despite lofty stock valuations. "My view is it may take several days or a couple of weeks before it can sustain a level above 23,000," said Robert Pavlik, chief market strategist at Boston Private Wealth in New York. The S&P 500 was flat, with financials the biggest drag.
The Dow Jones Industrial Average breached the 23,000-mark for the first time on Tuesday, driven by strong earnings from UnitedHealth and Johnson & Johnson, but the S&P 500 was flat. "My view is it may take several days or a couple of weeks before it can sustain a level above 23,000," said Robert Pavlik, chief market strategist at Boston Private Wealth in New York. Shares of the largest U.S. health insurer UnitedHealth touched a life high and was last up 6.3 percent, after the company reported a stronger-than-expected profit and raised its full-year earnings forecast.
Investors may not care so much if GE can beat earnings expectations, since it usually does. The real question is whether new CEO John Flannery’s first quarterly report can finally get the stock to rally....
It has been three decades since the most disastrous single day in U.S. stock market history, and investors can be forgiven for wondering if Wall Street learned its lesson.
U.S. stocks turned mixed on Tuesday on earnings reports, with the Down Jones Industrial Average breaching the 23,000 mark for the first time, while the U.S. Treasury yield curve flattened and the dollar rose to a one-week high on increased inflation expectations. World stocks' gains petered out near record-high levels, in part because a rally in commodities helped underpin one of the most durable bull runs in recent history. Goldman Sachs Group Inc and rival Morgan Stanley topped analyst expectations with their third-quarter earnings, but shares of Goldman fell because earnings were fueled by a volatile unit which has sharp revenue swings, analysts said.
How quiet is this stock market? By at least one measure, the S&P 500 is on pace to register is lengthiest period of quiescence in more than two decades.
A flood of earnings from the likes of UnitedHealth, Johnson & Johnson and Goldman Sachs keeps investors occupied on Tuesday.
The Dow Jones Industrial Average (.DJI) briefly ticked above 23,000 on an intraday basis on Tuesday, putting it on track for its fourth-shortest gallop between thousand-point milestones in its more than 100-year history. It took the index 107 trading sessions from its first close above 21,000 on March 21 to 22,000 but only 24 sessions to move from 20,000 to 21,000 earlier this year, tied for the shortest such span in its history. The 30-stock index is on track for a third session of gains, and on Friday the Dow posted a fifth straight week of gains.
The Dow Jones Industrial Average just hit 23,000, representing another historic milestone for the world’s most popular equity benchmark. However, each clamber higher for the Dow will make its 1,000-point ...
WSJ City is the app that delivers fast, smart news on mobile for London. Fund managers took on more risk in October and reduced wagers on a correction, with a record number forecasting a ‘Goldilocks’ scenario for the world economy, according to Bank of America Merrill Lynch’s latest survey. Vitor Constancio, a top European Central Bank official, has warned of a possible correction in global asset prices, arguing that investors may be doing too little to price in future policy changes by central banks.
The Dow Jones Industrial Average breached the 23,000-mark for the first time on Tuesday, powered by strong earnings from UnitedHealth and Johnson & Johnson. The blue-chip index has surpassed four similar 1,000-point milestones this year, indicating investor faith in the bull-run despite lofty stock valuations.
The big three U.S. benchmarks continue to take flight, concurrently registering consecutive all-time highs, writes Michael Ashbaugh. In the process, the Dow Jones Industrial Average has briefly tagged ...
The Dow Jones Industrial Average briefly traded above 23,000 this mornings, but will it have enough oomph to close above that big round number? The Dow Jones Industrial Average has gained 38.91 points, or 0.2%, to 22,995.87 at 11:28 a.m. today. The S&P 500 is little changed at 2557.82, while the Nasdaq Composite is little changed 6626.16.
Positive earnings from UnitedHealth Group and Johnson & Johnson sweep the Dow Jones Industrial Average to top 23,000 and hit a new all-time high.
The Dow Jones Industrial Average broke through 23,000 for the first time in intraday trade Tuesday, and remained in positive territory in midday trade, but broader market internal readings are decidedly ...
The Dow Industrials breached the 23,000 mark for the first time on Tuesday, helped by a rally in shares of UnitedHealth and Johnson & Johnson. The Dow Jones Industrial Average rose 39.3 points, or 0.17 ...
Michael Arone, State Street Global Advisors chief investment strategist, and Steve Massocca, Wedbush Securities managing director, discuss the factors that contributed to Dow 23K and what to expect from here.