|Day's Range||26,536.33 - 26,660.00|
|52 Week Range||21,712.53 - 26,951.81|
The Federal Reserve’s widely-expected interest rate cut next month is an exercise in “risk management” — but a new easing cycle is not entirely assured, UBS said on Wednesday.
Invesco Head of Portfolio Advisory Chris Hamilton sits down with Yahoo Finance's Julie Hyman, Adam Shapiro, Emily McCormick, and Dan Roberts.
Stock futures: After Wednesday's stock market rally fizzled, Wedbush initiated coverage on AMD, Intel and Nvidia stock. The FAA has found a Boeing 737 Max "risk."
One of the critiques of the Trump administration’s tariff policy on China is that while it raises the cost of doing business in one low-cost country, it just pushes multinationals to do business in another. Now, President Donald Trump is saying he might go after Vietnam as well.
The world’s No.1 cryptocurrency hit its highest level in about 17 months on Thursday, extending a month long rally.
After spending most of the day in the black, U.S. stocks slid late in Wednesday’s session. Ahead of the G-20 meeting, hopes are up that the U.S. and China have a path to achieve a trade deal.
Health care, utilities stocks fell about 1.1%, leading markets lower. Stocks closed mostly lower Wednesday, as investors grew increasingly skeptical that a U.S.-China trade deal is in the offing, though technology shares were supported by optimism related to Micron Technology’s better-than expected guidance. The Dow Jones Industrial Average (DJIA) fell 11.4 points, or less than 0.1%, to 26,536.82, but had been as high as 26,669, while the S&P 500 (SPX) fell 3.6 points, or 0.1%, to 2,913.78, representing a fourth straight decline for the index, its longest string of loses since a similar downturn ended May 9, FactSet data show.
Famed hedge-fund manager Kyle Bass tells investors to ignore G-20 hopes and focus prepare for the worst.
The dollar edged higher and European shares fell on Wednesday as traders curbed expectations of an aggressive U.S. interest rate cut in July, while Wall Street traded little changed on mixed signals over China-U.S. trade talks at the G20 summit in Japan. Gold fell about 1% a day after Federal Reserve Chairman Jerome Powell said the U.S. central bank is "insulated from short-term political pressures," suggesting policymakers would not bow to President Donald Trump's call to sharply cut rates. Trump said Powell was doing a "bad job" and he urged the Fed to lower rates so that U.S. exports can compete with countries that he said are devaluing their currencies.
The Dow Jones Industrial Average ended down Wednesday after Treasury Secretary Steven Mnuchin said the U.S. and China were "about 90% of the way" to reaching a trade agreement, while President Trump said he wants to make a trade deal with Beijing, but is happy where things are now. rose after the chipmaker's fiscal third-quarter earnings and revenue beat Wall Street forecasts and the company said it expects a solid rebound in memory demand later this year. Micron Technology is Real Money's Stock of the Day.
The S&P 500 ended lower on Wednesday as gains in technology stocks were offset by a drop in healthcare shares, and investors parsed mixed messages over prospects for a deal to end a trade war between the United States and China. Technology shares led the Nasdaq higher while the Dow Jones Industrial average posted a nominal loss.
The Nasdaq Composite Index registered a modest gain on Wednesday, buoyed by a Micron Technologies-led rebound in chip makers, but the broader market finished slightly lower to flat, as selling in real estate, utilities and consumer staples weighed. The Nasdaq finished up 25 points, or 0.3%, at 7,910 (on a preliminary basis), halting three straight days of losses as upbeat quarterly results by Micron helped to inspire a rally in the semiconductor sector . However, gains faded in the last two hours of trade as investors wrestled with the coming G-20 gathering in Japan, where President Donald Trump and his Chinese counterpart, Xi Jinping, are expected to discuss a cease-fire in tariff tensions. Markets were higher in early trade after investors interpreted a CNBC interview of Treasury Secretary Steven Mnuchin in Bahrain as signaling hope for a Sino-American trade deal. Mnuchin said that an accord was 90% complete. The Dow Jones Industrial Average closed down 11 points, or less than 0.1%, at 26,536, while the S&P 500 index shed 0.1% to end at 2,914.
Just ahead of the first Democratic presidential debate, long-shot candidate Andrew Yang is saying he’s in a “fantastic position.”
A growing number of large U.S. companies are expressing concerns over falling profit margins and that could spell trouble for stock-market valuations.
FedEx Corp. did what investors were afraid of, providing a downbeat profit outlook for the year, but some Wall Street analysts say the stock has already sold off enough to make further downsides less likely.
President Donald Trump and Chinese leader Xi Jinping will likely agree to a cease-fire in their ongoing trade war when they meet on Saturday, analysts said.
President Donald Trump says the alternative to a trade pact with China is simple: collect tariffs and do less business with the second-largest economy.
Yahoo Finance's Emily McCormick says that trade talks with China were set back after Mnuchin's correction on CNBC saying that "we were about 90% of the way’ done with a deal.