|Day's Range||26,415.05 - 26,569.75|
|52 Week Range||21,712.53 - 26,951.81|
Stocks edged up as investors reacted to the Federal Reserve’s latest monetary policy decision to keep benchmark interest rates unchanged.
Bain Capital Co-Managing Partner John Connaughton sits down with Yahoo Finance's Julie Hyman, Adam Shapiro, and Julia La Roche to discuss the changing landscape of how private equity dealmaking.
Troy Gayeski, co-Chief Investment Officer at SkyBridge Capital, says despite negative short-term headlines, investors should focus on the “robust” U.S. economy. He spoke with Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Scott Gamm.
Based on the early trade, the direction of the September E-mini Dow Jones Industrial Average futures contract on Wednesday is likely to be determined by trader reaction to the short-term uptrending Gann angle at 26409.
President Trump said in an exclusive interview Wednesday night with Sean Hannity on Fox News that the U.S. would have gone into a depression if he had not been elected. Other guests appearing separately on the show included former speaker of the House of Representatives Newt Gingrich and political commentator John Solomon. Stocks ended higher for the third straight day Wednesday after the Federal Reserve said it would hold interest rates steady, while signaling that rate cuts might be needed soon amid signs of growing risks to the economy.
The Federal Reserve left a key interest rate unchanged and signaled it’s unlikely to cut borrowing costs in 2019, but the central bank also left itself wiggle room by saying it would “closely monitor” the economy in light of waning inflation and growing “uncertainties.”
The Federal Reserve left interest rates unchanged, but also hinted it could cut rates in the future. All three major indexes closed in the black.
The Federal Reserve got a lot of attention today for putting out a statement changing its previous promise that it would be “patient’’ before cutting interest rates — even as it declined to cut rates now. Instead, he pointed out that the most-recent data is actually quite a bit better (just in the last week, really, led by June 14’s retail sales report) than what had gotten traders so riled in May. He noted that consumer spending is 70% of the economy, and that the service sector is strong, while manufacturing is weakening thanks to pressures on trade that he was too polite to point out are President Donald Trump’s fault. “Risks to the baseline scenario have clearly risen, but it’s important that monetary policy not overreact,” Powell said.
The Nasdaq composite rose just 0.4% on Thursday, but it beat the Dow Jones Industrial Average. This sector is helping make growth stocks look more bullish lately.
Consumer debt is growing to worrisome levels. Ben Mohr, senior research analyst of fixed income at investment consultant Marquette Associates, calculated that total U.S. consumer debt hit $14 trillion in the first quarter of 2019, surpassing the roughly $13 trillion of leverage accumulated in credit cards, auto loans and mortgages and other debt back in 2008, when those souring loans and securities pegged to them helped to send global markets into a tailspin (see attached chart). Mohr told MarketWatch that the increase in student loans — often cited as a source of consternation for economists and strategists — saw a notable increase.
A gauge of global stock markets strengthened on Wednesday, bolstered by gains on Wall Street, and benchmark U.S. Treasury yields and the dollar dropped after the Federal Reserve signaled possible interest rate cuts over the rest of this year. The U.S. central bank held interest rates steady, as expected, but said it "will act as appropriate to sustain" the country's economic expansion as it approaches the 10-year mark and dropped a promise to be "patient" in adjusting rates. The market expects the Fed could cut rates as soon as its next meeting, in July.
U.S. stocks close higher Wednesday after the Federal Reserve kept interest rates unchanged as expected but dropped the word “patient” in its statement, suggesting rates could be cut soon if needed
The Dow Jones Industrial Average ended up for the third straight day Wednesday after the Federal Reserve said it would hold interest rates steady. climbed after the San Jose, Calif.-based software company beat Wall Street's second-quarter earnings estimates. Stocks ended higher for the third straight day Wednesday after the Federal Reserve said it would hold interest rates steady, while signaling that rate cuts might be needed soon amid signs of growing risks to the economy.
The S&P 500 approached a record high on Wednesday after the Federal Reserve signaled potential interest cuts later this year, reassuring investors worried that the U.S.-China trade war could stall economic growth. In its statement following a two-day policy meeting, the Fed held rates steady, as expected, but dropped a previous promise to be "patient" in adjusting rates. "We think the Fed delivered.
June 19 (Reuters) - The S&P 500 approached its record high on Wednesday after the Federal Reserve signaled potential U.S. interest rate cuts later this year, reassuring investors worried that the U.S.-China trade war could stall economic growth. The Dow Jones Industrial Average rose 38.59 points, or 0.15%, to 26,504.13, the S&P 500 gained 8.72 points, or 0.30%, to 2,926.47 and the Nasdaq Composite added 33.44 points, or 0.42%, to 7,987.32. (Reporting by Noel Randwich Editing by James Dalgleish
U.S. stocks ended modestly higher Wednesday after the Federal Reserve left their benchmark interest rate unchanged at a range between 2.25% and 2.50%, but opened the door to rate cuts later this year. The S&P 500 was up 0.3% to end around 2,926. The Dow Jones Industrial Average advanced 29 points, or 0.1%, to finish near 26,504, based on preliminary numbers. The Nasdaq Composite was up 0.4% to finish around 7,987. The U.S. central bank took out the phrase "patience" from its policy statement, and said it stood ready to act appropriately if risks to the economic outlook reared their head. The Fed's interest-rate projections also showed close to half the members of the central bank's policy-making group anticipated two rate cuts this year. The 10-year Treasury note yield fell to 2.02%, its lowest since Nov. 8 2016. In company news, shares of CBS Corp. were up 1% after news reports said the media giant was readying an offer to buy Viacom Inc.
The Federal Reserve chose to leave interest rates unchanged at the conclusion of its two-day meeting, a widely expected outcome that nevertheless left the door open for a rate cut if the economy weakens.