|Day's Range||26,539.69 - 26,764.34|
|52 Week Range||21,712.53 - 26,951.81|
New graduates have flooded a red hot job market. It's a good time to be looking for a job with unemployment at 3.6%, a 49 year low. A great spot for new grads to be in, but for companies looking to hiring, the best and the brightest, it's an expensive and time-consuming task. Yahoo Finance's Adam Shapiro and Julie Hyman discuss with Liz Wessel who is WayUp co-founder and CEO.
Stocks edged up as investors reacted to the Federal Reserve’s latest monetary policy decision to keep benchmark interest rates unchanged.
How many steps does it take to reset a GE smart bulb? Apparently, 12 to 14. Creating a step-by-step video illuminating GE (GE) customers on how to do a factory reset on their C by GE bulbs probably seemed like a bright idea at the time.
The Strait of Hormuz, the world’s most sensitive oil-transportation choke point, remains in focus, after Iran shot down a U.S. military drone near the waterway.
The S&P 500 came off a record intraday high Thursday but tried to regain its footing in late trading after Trump left open the possibility of military action against Iran in response to the shooting down of a U.S. drone over international waters. rose after the enterprise software company topped analysts' earnings and revenue expectations for its fiscal fourth quarter, and said first-quarter profit likely would top forecasts. shares fell after analysts at Goldman Sachs cut their price target on the stock while arguing that Wall Street demand forecasts for the clean-energy carmaker likely are too optimistic.
The Dow Jones Industrial Average and other key indexes are crushing market bears with decent gains. Is it time to sell cannabis stock Innovative Industrial?
U.S. stock indexes rise Thursday with the S&P 500 index hitting an intraday record after the Federal Reserve signaled that policy easing may be forthcoming.
The S&P 500 index touched a record high on Thursday, driven Wall Street's expectations that the Federal Reserve will cut interest rates as soon as next month to keep the U.S.-China trade war from stalling economic growth. The benchmark S&P 500 index, which has risen about 7% so far in June, hit an intraday record high of 2,956.20 on Thursday. The energy index jumped 1.92%, the most among the 11 major S&P sectors, as oil prices surged over 5% on renewed tensions in the Middle East after Iran shot down a U.S. military drone.
RBC Capital Markets updated its views on DuPont and Corteva after the completion of DowDuPont’s spinoff. The broker doesn’t like either stock right now.
President Donald Trump on Thursday toned down his criticism of Federal Reserve Chairman Jerome Powell after he said he detected a willingness by the U.S. central bank to cut interest rates. “He [Powell] should have done it sooner. Can’t win them all,” Trump said.
A rally on Wall Street lost strength on Thursday after the S&P 500 index touched a record high, powered by the Federal Reserve's signals that it could cut interest rates as early as July to combat growing risks to global and domestic growth. The benchmark S&P 500 index, which has risen about 7% so far in June, hit an intraday record high of 2,956.20 on Thursday. "It was always going to be difficult for the Fed to live up to high market expectations.
World stock markets gained on Thursday, with the U.S. benchmark S&P 500 hitting a record high, while the 10-year U.S. Treasury yield fell below 2% as investors digested a signal from the Federal Reserve of potential U.S. interest rate cuts as soon as its next meeting. The dollar weakened after the Fed, the U.S. central bank, on Wednesday indicated a marked shift in sentiment even as it left its benchmark rate unchanged for now. “We have obviously morphed into the Fed taking the pole position as far what’s driving the market right now, both domestically and on a global basis as well,” said Mike Mullaney, director of global markets research at Boston Partners.
President Donald Trump on Thursday suggested Iran had mistakenly shot down a U.S. drone, as he highlighted stocks hitting record territory, a point he has previously linked to his stewardship of the nation.
The Dow Jones Industrial average retreated from its best levels on Thursday and haven assets surged as President Donald Trump used cryptic language to describe the possibility of increased hostilities against Iran. The Dow was most recently trading up about 120 points, or 0.4%, at 26,619, but had been at 26,761 at its intrasession peak, while the S&P 500 index was up 0.5% at 2,940 off its highs, after setting an intraday record at 2,956.20. The president was asked if the U.S. would strike back after Iran shot down a U.S. drone in its airspace. He said at a news conference with Canadian President Justin Trudeau: "you'll soon find out." Trump issued a tweet saying that Iran "made a very big mistake," which he repeated at the news conference. Markets had been more buoyant after the Federal Reserve strongly implied that a rate cut could be warranted if economic conditions worsen.
John Templeton once famously said, “Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria.” Leon Cooperman, the billionaire chairman and CEO of Omega Advisors, says we could be “knocking on the door of euphoria” if the rally continues.
Oil prices spiked and defense and oil stocks jumped after officials said Iran shot down a U.S. drone, sending tensions between the two countries even higher.
There’s talk of Dow 29,000 and even 32,000. With low interest rates, high stock prices may be justified, though risks are rising as well.
Recent stock breakouts on U.S. exchanges were faring well, and more breakouts were added Thursday morning.
The Dow Jones Industrial Average and S&P 500 sported healthy gains as investors were still riding a wave of optimism, triggered by the Federal Reserve’s hint that it could cut interest rates.
The S&P 500 index touched an all-time high on Thursday, after the Federal Reserve indicated that it could cut interest rates as early as July to combat growing risks to global and domestic growth. The benchmark S&P 500 index, which has risen 7% so far in June and is on track to recoup its previous month's losses, hit an intraday record high of 2,956.20 on Thursday.
World stock markets surged on Thursday, with the U.S. benchmark S&P 500 hitting a record high, while the 10-year U.S. Treasury yield fell below 2% as investors digested a signal from the Federal Reserve of potential U.S. interest rate cuts as soon as its next meeting. The U.S. dollar also weakened after the Fed - the U.S. central bank - on Wednesday indicated a marked shift in sentiment even as it left its benchmark rate unchanged for now. “We have obviously morphed into the Fed taking the pole position as far what’s driving the market right now, both domestically and on a global basis as well,” said Mike Mullaney, director of global markets research at Boston Partners.
Investors in the Dow Jones Industrial Average ETF might wonder what's next for the widely-watched benchmark. Analysts think it's 28,762 in 18 months.