|Day's Range||25,814.92 - 26,109.68|
|52 Week Range||21,712.53 - 26,951.81|
Talley Leger, OppenheimerFunds Investment Strategist, says markets are looking for a continued expression of dovishness from the FOMC, which could decide the direction of U.S. equities. Yahoo Finance’s Alexis Christoforous speaks to him, Jared Blikre and Scott Gamm.
Japan and South Korea markets slipped, and Australian shares were mostly flat. Overnight in U.S. markets, stocks were hit by a new wave of uncertainty on the U.S.-China trade front following a series of conflicting reports. The Nikkei 225 in Japan slipped 0.19 percent, as shares of Japanese conglomerate Softbank Group 9984.T-JP slipped 0.45 percent, while the Topix index shed 0.13 percent.
News that China might be backing away from trade promises caused gains from earlier in the day to evaporate. The Dow ended 0.10% lower at 25,887.38, while the S&P 500 slipped 0.01% to end at 2832.57. The Nasdaq Composite eked out a 0.12% gain to close at 7723.95.
Banks led stocks mostly lower on Wall Street Tuesday as the market gave up an early gain. Utilities and industrial companies also took losses, outweighing gains in health care, technology and consumer ...
Research shows stocks tend to rally over the three-day period surrounding the conclusion of a Fed policy meeting — a fact investors should keep in mind in an increasingly algo-driven trading environment, says one market analyst.
The benchmark S&P 500 index ended little changed on Tuesday as investor optimism regarding the Federal Reserve's expected affirmation of its dovish policy stance was offset by reports of fault lines emerging in ongoing U.S.-China trade negotiations. Financial stocks weighed on all three major U.S. stock indexes, which gave up early gains following a Bloomberg report that China is pushing back against American demands in trade talks. The blue-chip Dow snapped a four-day winning streak, while the Nasdaq limped back into positive territory just before the closing bell.
U.S. stocks close mostly lower Tuesday, with the Dow Jones Industrial Average snapping a four-day winning streak, as investors tried to make sense of a pair of conflicting reports on U.S.-China trade talks.
While a China trade deal is still likely, it's looking like a bit less of a sure thing. Three things have happened to reduce Trump's leverage over Beijing.
The Dow Jones Industrial Average ended down Tuesday on reports that China is pushing back during trade negotiations. beat fourth-quarter revenue estimates but shares turned lower, falling 3.4%. Stocks ended the day mixed Tuesday on reports that China may be pushing back against American trade talk demands.
U.S. stock benchmarks on Tuesday closed mostly lower in a bumpy session, as investors digested news on trade and awaited a policy decision by the rate-setting Federal Open Market Committee due Wednesday. The Dow Jones Industrial Average finished down 0.1% at 25,887, on a preliminary basis. The decline marked the first for the blue-chip gauge in the past four sessions. Meanwhile, the S&P 500 index ended flat at 2,833, while the Nasdaq Composite Index managed a gain of about 0.1% to 7,723. All three benchmarks had been swinging up and down throughout the session. Moves for the equity benchmarks come as the Fed is set to release its policy outlook at 2 p.m. Eastern Time, with that update expected to reaffirm a dovish pivot for the central bank since its last meeting in January. Investors will closely watch the pace of future rate hikes, if any in 2019, and help investors glean when policy makers are slated to end a runoff of a trillion-dollar balance sheet that grew in the aftermath of the 2008-09 crisis. Meanwhile, stocks also reacted to updates related to U.S.-China negotiations, which were said to be nearing a final stage, according to a report from the Wall Street Journal. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin were expected fly to Beijing next week. A separate report from Bloomberg News said that China may walk back early trade agreements, citing sources familiar. In corporate news, the Department of Transportation was investigating the the certification of Boeing's 737 Max jets, which was a focus after a pair of fatal crashes within five months.
The Fed isn’t expected to raise interest rates, but investors will be watching for changes to its balance sheet and projections.
The benchmark S&P 500 stock index ended little changed on Tuesday as investor optimism regarding the Federal Reserve's expected affirmation of its dovish policy stance was offset by reports of fault lines ...
A bullish “golden cross” pattern has appeared in the Dow Jones Industrial Average’s chart, to suggest a new longer-term uptrend has begun, exactly three months after the appearance of the opposite “death cross.”
Stocks continued their recent string of gains Tuesday, led by the Dow Jones industrials, as the Fed began its two-day policy-making meeting in Washington.
Wall Street gained ground on Tuesday, with investors expecting the U.S. Federal Reserve to reaffirm its dovish stance as it began its two-day monetary policy meeting. The Dow was set to post its fifth straight gain and the benchmark S&P 500 was about 3 percent away from its all-time high set last September. As the Fed convened its two-day policy meeting, investors expected little change in its measured approach to interest rate hikes.
Shares of Union Pacific Corp. sank 3.3% in afternoon trade Tuesday, to pace the Dow Jones Transportation Average's decliners, after Loop Capital analyst analyst Rick Paterson downgraded the railroad operator, citing concerns that the potential negative effects of recent weather events have yet to be priced in. Paterson cut his rating to hold, after being at buy for the past six months, and slashed his price target to $182 from $193. "Union Pacific wins the award for the world's unluckiest railroad in our view," Paterson wrote in a note to clients. "We thought last May's Oregon tunnel collapse was a cruel blow, but it as nothing compared to the one-two punch of the polar vortex and the Nebraska flooding that currently has the network reeling." Paterson said that while the weather events haven't hurt the stock--it closed at a record on Feb. 19--given the perception that the effects are short-term in nature, he believes what has happened is "going to pose a challenge to cost efficiency, service and growth" in at least the first half of the year. The stock has rallied 16.4% year to date while the Dow transports have climbed 12.3% and the Dow Jones Industrial Average has gained 11.2%.
U.S. stock benchmarks were off their best levels in Tuesday afternoon trade, coming amid a pair of reports signaling various stage of progress between the U.S. and China in its trade negotiations. According to Bloomberg News, some U.S. officials were worried that Beijing might roll back some concessions as the world's largest economies attempt to resolve a yearlong trade dispute. Meanwhile, the Wall Street Journal indicated that the parties were in the 'final stages' of trade talks. The Dow Jones Industrial Average, most recently, was up 90 points, or 0.3%, at 26,002, pulling back from an intraday high at 26,109. Meanwhile, the S&P 500 index advanced 0.4% to 2,843 and the Nasdaq Composite Index rose 0.4% to 7,745. Both benchmarks were off their best levels on Tuesday. On Monday, Bloomberg reported that a meeting between President Xi Jinping and President Donald Trump that had been rescheduled to April from March, was being further pushed back to June. The purported purpose of the gathering was to complete any trade agreement between the parties, Bloomberg reported.
Fund managers in March allocated the smaller chunk of their holdings to equities since at any point since 2016, one indicator among several that they are embracing the theory of “secular stagnation,” according to Bank of America Merrill Lynch. ”There is simply no ‘greed’ to sell in equities,” wrote Michael Hartnett, chief investment strategist in a Tuesday note. Despite a surge in inflows last week, global equity funds have seen $46 billion in outflows year to date, BofA Merrill Lynch said last week.
Wall Street's main indexes pared gains sharply on Tuesday following a Bloomberg report that U.S. officials are concerned China is pushing back against American demands in trade talks. At 12:58 p.m. ET the Dow Jones Industrial Average was up 63.01 points, or 0.24 percent, at 25,977.11, the S&P 500 was up 8.30 points, or 0.29 percent, at 2,841.24 and the Nasdaq Composite was up 25.39 points, or 0.33 percent, at 7,739.87. The S&P 500 was up 14.68 points, or 0.52 percent, at 2,847.62 and the Nasdaq Composite was up 45.53 points, or 0.59 percent, at 7,760.01.
The Dow was up nearly 200 points—and then reports that China may be backing away from some of its trade promises hit the wires.
The Dow Jones Industrial Average traded near session highs around lunchtime in New York as Boeing rebounded. The Nasdaq got a nice boost from techs.