|Day's Range||26,262.53 - 26,388.78|
|52 Week Range||21,712.53 - 27,398.68|
Yahoo Finance Editor-in-Chief Andy Serwer sits down with founder and chairman of Related Companies, Stephen Ross.
Chris Konstantinos the chief investment strategist at RiverFront Investment Group said the U.S. economy is solid so don't expect negative interest rates.
The Congressional Budget Office warned that tariff hikes could hurt growth. Yahoo Finance's Adam Shapiro, Scott Gamm, Adam Johnson - Bullseye Brief Author & Publisher and Lee Carter, Maslansky + Partners President discuss.
Yahoo Finance's Alexis Christoforous, Brian Sozzi and Jared Blikre discuss what's moving the markets with Chris Hamilton, Invesco Head of Portfolio Advisory, around Tuesday's opening bell.
There hasn’t been much news from Boeing about the grounded jet since the company reported earnings on July 24. Some on Wall Street are hoping that no news is good news, while others are turning to obscure data to get a better sense of what is going on.
DOW UPDATE Powered by strong returns for shares of Boeing and JPMorgan Chase, the Dow Jones Industrial Average is up Thursday morning. The Dow (DJIA) was most recently trading 121 points higher (0.5%), as shares of Boeing (BA) and JPMorgan Chase (JPM) are contributing to the index's intraday rally.
The world’s central bankers are gathered in Jackson Hole, Wyo. to discuss the challenges to monetary policy in today’s mixed-up world. The market will be eyeing Fed Chair Jerome Powell, who will speak on Friday.
U.S. stocks climbed modestly higher on Thursday morning as investors watched an annual conference in Jackson Hole, Wyo., where central bank leaders will discuss global monetary policy and economic health. The Dow Jones Industrial Average rose 110 points, or 0.4%, to 26,314, the S&P 500 index climbed 0.3% to 2,934, while the Nasdaq Composite Index picked 16 points to reach 8,037, a gain of 0.2%. The Jackson Hole gathering comes after the release of minutes from the Federal Reserve's July 30-31 policy gathering, which suggested that central bank policy makers wanted to be flexible in implementing policy. In other economic policy, the European Central Bank, meanwhile, hinted at a significant new stimulus package after the release of minutes from its July 25 meeting, which suggested that policy makers are contemplating a package that would includes cutting policy rates further into negative territory and new purchases of financial assets. In U.S. economic data, new applications for unemployment benefits fell by 12,000 to 209,000 during the week ended Aug 17, a four-week low, suggesting continued strength in the labor market.
Bank of America Corp.’s CEO Brian Moynihan says he doesn’t see a recession in the offing because the U.S. consumer remains healthy.
STOCKSTOWATCHTODAY BLOG Looking for Direction. Stocks are meandering higher Thursday morning, with Dow Jones Industrial Averagefutures and S&P 500futures were up about 0.1% a little before 9 a.m. while Nasdaq Compositefutures were near the flat line.
Toro Co. reported a fiscal third-quarter profit that beat expectations but revenue that came up short, while providing an upbeat outlook for margins and earnings. Shares of the landscape maintenance and irrigation management company were still inactive in the premarket. Toro reported net income for the quarter to Aug. 2 that fell to $60.6 million, or 56 cents a share, from $79.0 million, or 73 cents a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share came to 83 cents, above the FactSet consensus of 73 cents. Sales, which includes results from the Charles Machine Works acquisition, rose 27.9% to $838.7 million, but missed the FactSet consensus of $876.3 million. Professional sales grew 40.3% to $676.8 million, below the FactSet consensus of $695.0 million, and residential sales fell 11.0% to $148.2 million to miss expectations of $165.6 million. Toro narrowed its 2019 adjusted EPS guidance range to $2.92 to $3.00 from $2.90 to $3.00, and said the gross margin improvement seen in the second half of the fiscal year is expected to continue in the months ahead, as commodity costs have started to moderate and strategic pricing realization has been achieved. The stock has run up 28.7% year to date, while the Dow Jones Industrial Average has gained 12.3%.
The number of people who applied for unemployment benefits in mid-August fell back toward a post 2008 recession low, suggesting a slower economy has not done much harm to a strong U.S. labor market. Initial jobless claims declined by 12,000 to 209,000.
Société Générale’s Albert Edwards sees yields for the bond markets in Europe and the U.S. headed lower, despite much of eurozone debt carrying yields below 0% already and U.S. Treasury yields hanging near three-year lows.
Dow Jones futures point to a stock market rally eyeing 50-day resistance, Apple shows relative strength. Splunk, Synopsys, Keysight are earnings movers
Minutes of the July 25-ending European Central Bank meeting showed policymakers were receptive to a stimulus program that could include both interest-rate cuts and asset purchases. "The view was expressed that the various options should be seen as a package, i.e. a combination of instruments with significant complementarities and synergies, since experience had shown that a policy package - such as the combination of rate cuts and asset purchases - was more effective than a sequence of selective actions," the minutes read. Members also saw value in examining ways to further strengthen its forward guidance on the path of policy rates, announcing preparatory work on the design of a tiered system or other options to mitigate the effects of negative interest rates on banks and and preparatory work "on modalities for potential new net asset purchases."
Amid economic uncertainties and deteriorating sentiment, investors are buying what has worked in the past, driving the so-called momentum strategies up.
Investors shouldn’t expect the consumer to keep propping up the economy and the stock market, as charts of the retail and consumer discretionary sectors indicate consumers aren’t really as bullish as government data and market pundits suggest.
European stocks drifted lower on Thursday, after indications that the Federal Reserve last month wasn’t aggressively looking to cut interest rates.