|Day's Range||24,935.82 - 25,501.29|
|52 Week Range||23,344.52 - 26,951.81|
U.S. stocks close lower Wednesday, with the Dow Jones Industrial Average logging its longest losing streak in three months. S&P 500 falls for fifth day. Oil prices bounced up.
U.S. stocks benchmarks look poised to trade cautiously higher on Thursday, amid ongoing turmoil with Britain’s attempt at an orderly exit from Europe’s trade bloc
Wall Street was looking for a rally coming out of the midterm elections, but instead the same worries that were around in October continue to weigh on stock prices, and the rally is likely to be delayed. Strategists say the market has taken a hit technically, and so have some key stocks, setting the market up for more selling that could lead to a test of October's lows before a move higher. Wall Street has been waiting for a year end rally, but some strategists say it's more likely the market will see more selling before staging a real comeback.
Global stock markets mostly rose Thursday, though European indexes and the pound sagged as discord within the British government threatened a newly agreed Brexit deal. KEEPING SCORE: German's DAX was flat ...
The S&P 500 is in the midst of a five-day losing streak, despite starting the day higher every day this week.
Shares of 3M Co. were indicated up over 1% in premarket trade Thursday, after the diversified industrial and consumer products company set 2019 financial targets, as well as 5-year objectives. For next year, the company expects sales growth of 1% to 3%, while the FactSet sales consensus of $33.56 billion implies 2.5% growth over the 2018 consensus of $32.73 billion. The company, which brands include Post-It Notes and Scotch tape, expects 2019 net earnings per share of $10.60 to $11.05, surrounding the FactSet consensus of $10.74. For 2018, 3M expects adjusted EPS of $9.90 to $10.00, compared with expectations of $9.96. The company said it plans share repurchases of $2 billion to $4 billion in 2019 and to spend $2 billion in research and development, along with $1.7 billion to $2 billion in capital expenditures. The company targets 8% to 11% EPS growth over the next 5 years, 3% to 5% organic local currency sales growth and 100% free cash flow conversion. The stock has slipped 1.7% over the past three months through Wednesday, while the Dow Jones Industrial Average has eased 0.3%.
Global stocks reverse gains, sending U.S equity futures into the red, after a key U.K. lawmaker resigns from government over Prime Minister Theresa May's Brexit deal, triggering the potential for a leadership challenge or fresh national elections. Shares in Asia were also supported by solid China housing data and a weaker U.S. dollar, with the MSCI benchmark rising 1.2% towards the close of trading. Global stocks reversed solid early-session gains Thursday after Britain's top U.K. lawmaker tasked with leading Britain's exit negotiations with the European Union resigned, throwing the recently-agreed deal to take the U.K. out of the bloc into chaos and threatening the leadership of Prime Minister Theresa May.
Based on yesterday’s move and today’s price action, the direction of the December E-mini Dow Jones Industrial Average futures contract on Thursday is likely to be determined by trader reaction to the Fibonacci levels at 24920 and 24824.
Low unemployment, the continued benefits of the Republican-led corporate tax cuts, and concerns of a protracted economic slowdown in Europe should result in U.S. equities remaining the best-performing world market, investors said at the Reuters Global Investment 2019 Outlook Summit in New York this week. U.S. stocks have already outperformed other markets this year at a clip that is the best in nearly five years. "From the growth differential perspective, even though the U.S. is now slowing, the rest is slowing more sharply.
Invesitng.com – Wall Street closed lower on weakness in tech and financials, though signs of Brexit-deal progress lifted sentiment.
By Lewis Krauskopf NEW YORK (Reuters) - Oil prices bounced up on Wednesday, as hopes for output cuts fuelled a partial rebound from the previous session's steep decline, and the euro and sterling gained ...
The traditional end-of-the-year stock market rally could come a little later this year, says the veteran trader. "For the short run, we have to put Santa Claus' picture on a milk carton," Cashin says. The traditional end-of-the-year stock rally could come a little later as traders watch to see if market levels can hold up, veteran trader Art Cashin told CNBC Wednesday.
Technology companies and banks led stocks lower on a turbulent day on Wall Street, extending the market's slide to a fifth day. Bond prices rose Wednesday as traders shifted money into low-risk assets. ...
Oil prices bounced up on Wednesday, as hopes for output cuts fueled a partial rebound from the previous session's steep decline, and the euro and sterling gained as British Prime Minister Theresa May obtained ...
Investing.com - Anxiety over the U.S.-China trade war and Brexit is keeping gold's $1,200 perch alive, even as the dollar tries to gain leverage against the yellow metal on the same concerns.
Wall Street stocks fell on Wednesday, with the S&P 500 notching a fifth straight day of losses as financial stocks were hit by fears that regulations on the banking industry would tighten once the Democratic Party takes control of the U.S. House of Representatives. Financial stocks fell after Democrat Maxine Waters, who is expected to become chair of the House Financial Services Committee, made clear that she intends to push for stricter rules on the sector. Waters said she was concerned by the Federal Reserve's efforts to reduce capital and liquidity requirements for banks and wants the central bank to vigorously supervise large banks.
British Prime Minister Theresa May wins approval of her Brexit plan from parliament, but a hard-fought battle—and market volatility—lies ahead.
U.S. stocks close lower Wednesday, with the Dow Jones Industrial Average logging its longest losing streak in three months, as blue-chip Apple Inc. flirted with bear-market territory.
The Dow Jones Industrial Average gave up a more than 200-point opening gain early Wednesday and turned negative, as shares of Apple Inc. slumped. The Dow had opened the session with an advance of as many as 214 points but closed down 206 points, or 0.8%, at 25,080. The index logged a four-session skid, which represents its longest string of declines since Aug. 13, according to FactSet data. Shares of Apple closed down 2.8%, or $5.43, to $186.80 on Wednesday and are down 19.5% since hitting a peak in early October. A 20% drop would meet the traditional Wall Street definition of a bear market for Apple. Since that Oct. 3rd peak, which took Apple to a value over $1 trillion, the Cupertino, Calif-based tech giant has given up $216.6 billion in value to $886.4 billion, according to FactSet data. Meanwhile, the S&P 500 index finished down 0.8% at 2,702, while the Nasdaq Composite Index ended down 0.9% at 7,136.
The Dow Jones Industrial Average on Wednesday finished solidly lower in a day of whipsawing action for all major indexes, buffeted by a decline in shares of financial firms, a tumble in Apple and developments tied to Britain's exit from the European Union. The Dow Jones Industrial Average closed down 205 points, or 0.8%, at 25,080, the S&P 500 index ended down 0.8% at 2,702, while the Nasdaq Composite Index closed off 0.9% at 7,136. Prime Minister Theresa May secured cabinet approval for her Brexit deal Wednesday evening, which has been a source of underlying concern for Wall Street because a disruptive exit from the EU could have negative implications for financial markets across the globe. May still has work to do to get her Brexit plan passed through Parliament. Meanwhile, a decline in shares of Apple Inc. also was in focus as the largest company by market value fell 2.8% and flirted with a descent into bear-market territory, defined as a drop of at least 20% from a recent peak. Earlier in the day, financial names dropped as Democrat Rep. Maxine Waters said she would fight back against any rollback in bank regulations. Her remarks come after the Democrats won control of the House in the midterm elections. A gauge of financial firms, the Financial Select Sector SPDR ETF, ended the session down 1.2%. Worries about trade tensions between China and the U.S. continue to run against that backdrop of concerns. In all, Wednesday's session was notable for its violent moves, with the Dow gaining as many as 214 points at the open and falling by as many as 350 points at the low. Meanwhile, crude-oil prices stabilized, halting a 12-session skid, with the downdraft in the commodity serving as a source of concern for market participants worried about signs of sluggish global growth.