|Day's Range||27,801.80 - 27,925.50|
|52 Week Range||21,712.53 - 28,174.97|
U.S. stock futures were little changed Thursday morning as equity markets took a breather after the Federal Reserve telegraphed it would be holding interest rates at current levels at least through next year.
Markets could see a 5% sell-off if tariffs hit on December 15, strategist says.
With the end of the year and the decade fast-approaching, Wall Street strategists have begun to deliver their expectations about where the stock market will close out 2020.
U.S. stocks were higher and Treasury yields declined Wednesday following Federal Reserve’s final monetary policy decision of the year. In this, central bank officials decided to keep key interest rates at current levels and telegraphed rates would remain on hold through next year.
U.S. stock-index futures are little changed Thursday morning, amid signs of rising tensions on trade between Washington and Beijing, a day after Federal Reserve held rates unchanged and indicated it may keep domestic benchmark rates lower for an extended period while monitoring the effects of tariff spat.
Futures: Lululemon Athletica fell late on weak guidance after Apple and chips led Wednesday's stock market rally. Thursday night's Adobe, Broadcom and Costco earnings will be key.
To be sure, Wall Street is getting more comfortable with the idea that a U.S. and global recession could be averted next year, thanks to some better-than-expected data.
UBS analyst Markus Mittermaier upgraded GE’s stock to the equivalent of Buy from Hold, taking his price target to $14 from $11.50, about 28% above recent levels. He calls 2020 an “inflection year” for the controversial conglomerate.
SEOUL, South Korea (AP) - North Korea accused the United States of "hostile provocation" on Thursday for criticizing its ballistic missile tests during a United Nations Security Council meeting and warned that the Trump administration may have blown its chance to salvage nuclear negotiations. An unnamed Foreign Ministry spokesperson said the "foolish" U.S. comments helped North Korea reach a "definite decision" about its next steps as it approaches an end-of-year deadline set by leader Kim Jong Un for Washington to offer mutually acceptable terms to revive the nuclear talks. The North did not specify what those steps were.
Wall Street is set for some modest gains Thursday, as investors continue to read positive that Fed meeting, that indicated benchmark interest rates will probably stay lower for longer.
Wall Street looks set for modest gains Thursday as investors price in rate support from the Fed while eyeing headline risks on U.S.-China trade talks and Parliamentary elections in Britain.
Costco stock has had a good year. Shares are up about 45% year to date. Investors hope the strong performance will continue after the company reports earnings after the close of trading Thursday.
All three major stock indexes closed slightly above the break-even line on Wednesday. The Federal Reserve kept interest rates unchanged following a two-day meeting and indicated that rates will likely stay on hold for the foreseeable future.
Dollar-cost averaging is a popular strategy in which an investor purchases an asset at regularly timed intervals to mitigate the risk of buying high. But what about “dollar-cost ravaging?”
U.S. economy may chug along for another two years without a blip thanks to the Federal Reserve’s low rates, which makes it a good time to own stocks, say analysts at BCA Research.
Wall Street's main stock indexes ended modestly higher on Wednesday after the U.S. Federal Reserve held interest rates steady and signaled that borrowing costs are likely to remain unchanged indefinitely. After cutting rates three times earlier this year, the Fed left its benchmark rate at the target range of between 1.50% and 1.75%, a decision that was widely expected.
U.S. stocks came off session lows to clinch modest gains on Wednesday after the Federal Reserve indicated it would keep interest rates at current levels through the whole of next year, concluding its two-day meeting. The S&P 500 closed up 0.3% to end at around 3,141.63. The Dow Jones Industrial Average picked up 30 points, or 0.1%, to close near 27,911.30, based on preliminary numbers. The Nasdaq Composite finished 0.4% higher to end at 8,654.05. The Fed held interest rates at a range between 1.50% to 1.75%, and suggested its benchmark lending rate would stay at those levels through all of next year in the so-called dot plot. The potential for financial conditions to stay accommodative helped bolster sentiment around risky assets like stocks.