|Day's Range||25,670.63 - 25,878.00|
|52 Week Range||21,712.53 - 26,951.81|
U.S. stocks extended declines after President Donald Trump signaled he would keep tariffs on China until it was clear the country was complying with terms of a future trade deal.
The lack of any reaction to Boeing’s problems in GE stock illustrates that investors are sanguine, at least so far, about the future of the 737 MAX.
Wall Street's main indexes slipped on Wednesday following a weak profit outlook from economic bellwether FedEx Corp and on trade concerns, while investors waited for more clarity regarding the Federal Reserve's interest rate forecast. In a knee-jerk reaction, stocks hit session lows after President Donald Trump said tariffs could be left on China for a long period of time, but pared some of the losses soon after. Trump also said a trade deal with Beijing was coming along, with U.S. trade negotiators going to China soon.
A battle is being waged on Wall Street between those betting on mounting signs of slowing economic growth here and abroad and those who see U.S. markets positioned to shake off a multitude of anxieties and accelerate higher.
President Donald Trump on Wednesday, ahead of a trip to Ohio, told reporters on the South Lawn that he would leave tariffs on China for a "substantial period of time." "We are not talking about removing them, we are talking about leaving them," he said. "We have to make sure that if we do the deal with China, that China lives by the deal," he said. Trump said the deal "is coming along nicely." There's currently a 10% tariff on an array of Chinese goods.
The steady stream of stock-market friendly China trade deal headlines has dried up, and President Trump said Wednesday that tariffs could remain in place for a long time.
President Trump said tariffs on Chinese goods might not go away until China complies the terms of the deal.
The Dow Jones Industrial Average triggered a technical signal on Tuesday that many investors believe could portend more gains for stocks in the short term, known as the golden cross. Moving averages are popular trend indicators used by technical analysts. Other major indexes, such as the S&P 500 and Nasdaq, have moved closer to a golden cross as stocks continue to rally off their late December lows, buoyed by a Federal Reserve pause in interest rate hikes and building investor optimism for a trade deal between the U.S. and China.
The Dow Jones Industrial Average held a stingy loss ahead of a new Federal Reserve announcement. More stocks in the IBD 50 are crafting bases.
STOCKSTOWATCHTODAY BLOG Stymied. Stocks are lower midday Wednesday, as the Dow Jones Industrial Average and S&P 500 are down 0.3% in recent trading, while the Nasdaq is off 0.1%. Worries about trade negotiations and the Federal Reserve’s mood are pushing investor sentiment down ahead of the central bank’s statement this afternoon.
Walmart Inc. is discontinuing its price-matching Savings Catcher program on May 14, which is the last day that shoppers can submit a Walmart Pay eReceipt for a reward. However, shoppers can hang on to that reward to spend online or in stores when they choose. "We are at our best when we deliver everyday low prices for our customers, and we've been focused on doing that through investments in price," the company said in a statement. "And customers are noticing - we've seen a significant reduction in usage and redemptions from Savings Catcher." Many participants in the UBS Consumer Retail Conference this month said that prices have increased due to the tariff war between the U.S. and China, and they won't be fully rolled back if the tariffs go away, analysts wrote in a March 8 note. Walmart was one of the participants in that conference. Still, the retail giant reasserted its commitment to low prices. "While the company has largely accomplished its aim to invest several billion dollars in price over the course of several years, that doesn't mean that Walmart is done investing in price," UBS wrote. "It's continuously looking for ways to take cost out of the business, and pass along savings to customers." UBS rates Walmart stock neutral. Walmart shares have gained 6.2% in Wednesday trading while the Dow Jones Industrial Average is up 10.4% for the period.
U.S. stocks fell on Wednesday after economic bellwether FedEx Corp's downbeat profit outlook raised concerns about global growth, while investors waited for more clarity on the Federal Reserve's interest rate forecasts for the rest of the year. The policy statement will also shed light on long-awaited details regarding the Fed's plans to stop reducing its holdings of Treasury bonds. "With the Fed, investors will be focusing on the growth outlook for 2019.
U.S. stocks fell on Wednesday after economic bellwether FedEx issued a downbeat profit outlook and as investors waited for more clarity on the Federal Reserve's interest rate forecasts for the rest of the year. The policy statement will also shed light on long-awaited details regarding the Fed's plans to stop reducing its holdings of Treasury bonds. Hopes of a dovish stance from the Fed hit the rate-sensitive financial stocks, which fell 0.35 percent, while the bank subsector slipped 0.28 percent.
“The single most prominent bullish influence on stocks right now is the dovish Fed,” writes one strategist.
U.S. stock benchmarks on Wednesday retreated slightly at the open ahead of a Federal Reserve meeting and news conference expected to reaffirm the central bank's dovish policy stance. The Dow Jones Industrial Average was off by about 122 points, or 0.5%, at 25,764, while the S&P 500 index was slipping 0.3% at 2,823, while the Nasdaq Composite Index was off by 0.2% at 7,708. Later Wednesday, the Jerome Powell-run central bank will release its economic forecasts at 2 p.m. Eastern Time, and Powell will host a news conference a half-hour later. Meanwhile, investors are watching developments in U.S.-China trade talks after Tuesday reports by the Wall Street Journal indicated Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin planned to go to Beijing next week, in an effort to complete a tariff agreement. In corporate news, shares of FedEx Corp. , often viewed as a barometer of global growth prospects, were down sharply after the logistics company missed Wall Street forecasts for its fiscal third quarter, partly due to higher costs for its FedEx Ground business.
Wall Street's main indexes were little changed at the open on Wednesday as investors cautiously waited for more clarity on the Federal Reserve's monetary policy outlook for the year, while trade worries ...
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.”
Shares of FedEx Corp. tumbled 6.2% in premarket trade Wednesday, and were set to be a big drag on the Dow Jones Transportation Average , in the wake of the package delivery service's disappointing fiscal third-quarter report. The implied price decline would shave about 69 points off the price of the Dow transports, which would represent about 0.7% of Tuesday's closing price. J.P. Morgan analyst Brian Ossenbeck downgraded FedEx to neutral, after being at overweight since at least December 2016, and slashed his price target to $202 from $227. Ossenbeck said he is increasingly concerned that margins will be pressured even if FedEx's ground business can lower costs fast enough to growth profit. Shares of rival United Parcel Service Inc. fell 1.9% ahead of the open in sympathy. Meanwhile, futures for the Dow Jones Industrial Average slipped 8 points.
The main stock indexes were flat ahead of the Federal Reserve’s interest-rate announcement, but earnings news moved shares of General Mills and FedEx.