|Day's Range||24,989.61 - 25,155.39|
|52 Week Range||21,471.14 - 26,616.71|
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.
President Trump is set to meet members of Congress today, as the backlash grows over his comments at a summit with Vladimir Putin. The President said he believed Putin’s denials, over the assessment of US intelligence agencies. Yahoo Finance’s Alexis Christoforous, Editor-in-Chief Andy Serwer and Melody Hahm discuss.
Asian shares followed Wall Street higher on Wednesday as a bullish outlook from the head of the U.S. central bank buoyed the dollar, lifted Tokyo shares to a one-month top and sent gold to a one-year trough. Japan's Nikkei leapt 1 percent as a weakening yen promised to fatten exporters' profits. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.5 percent and Shanghai blue chips 0.6 percent.
U.S. stocks rose Tuesday following Federal Reserve Chairman Jerome Powell’s Senate testimony, while investors also continued dissecting the latest round of corporate earnings results. The S&P 500 rose 11.12 points, or 0.4%, to 2809.55, and the technology-focused Nasdaq Composite climbed 49.40 points, or 0.6%, to 7855.12. Mr. Powell told Congress that strong economic growth and stable inflation should keep the central bank on track to gradually raise short-term interest rates.
Asian shares followed Wall Street higher on Wednesday as a bullish outlook from the head of the U.S. central bank buoyed the dollar, lifted Tokyo shares to a one-month top and sent gold to a one-year trough. Japan's Nikkei (.N225) leapt out of the blocks with a 1 percent gain as a weakening yen promised to fatten exporters' profits. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.16 percent and South Korea's market (.KS11) 0.85 percent.
An inverted yield curve may not be a dreaded harbinger of doom for the bull market, according to Ryan Detrick, senior market strategist at LPL Research, who believes that stocks have awhile to go before worrying about unseemly yield curves or even a recession. An inverted yield curve, where long-term yields such as the 10-year Treasury yield drop below their shorter-term peers, symbolizes a lack of confidence in the economy. It has also emerged as a closely watched early warning signal for economic trouble, particularly in the wake of research from the San Francisco Federal Reserve that every U.S. recession in the past 60 years was preceded by an inverted yield curve.
The dollar was broadly higher on Wednesday, hitting a six-month high against the yen, after Federal Reserve Chairman Jerome Powell gave an upbeat outlook for the U.S. economy and reinforced views that the Fed was on track to steadily hike interest rates. In closely watched congressional testimony on Tuesday, Powell said he saw the United States on course for years more of steady growth, while largely discounting the risks associated with a trade war. "The dollar stands to gain further, particularly against the yen, with risk aversion in the equity markets petering out," said Junichi Ishikawa, senior FX strategist at IG Securities in Tokyo.
Asian stocks rose in Wednesday trade. Japan led gains seen in regional markets amid weakness in the yen. Fed Chairman Jerome Powell gave an upbeat assessment of the U.S. economy and indicated that it was "difficult" to forecast how trade disputes would impact the economy.
Investing.com – The tech-heavy Nasdaq closed at record highs Tuesday, led by a rebound in Netflix from its lows and a surge in Amazon, as the e-commerce giant's 'Prime Day' sales bonanza triggered a sharp uptick in sales.
On a day stocks climbed following optimistic comments by the chairman of the Federal Reserve, Netflix reported disappointing subscriber additions, and Johnson & Johnson rose on strong pharmaceuticals sales.
Stocks notched another day of gains on Tuesday, on a day when there was little in the way of market-moving news. The Dow Jones Industrial Average gained 55.53 points, or 0.22%, to 25,119.89, while the S&P 500 is up 11.12 points, or 0.40%, to 2809.55 and the Nasdaq Composite added 49.40 points, or 0.63%, to 7855.12. Part of it may have been a "no news is good news," sort of mentality, as Federal Reserve Chief Jerome Powell's dry testimony before the Senate Banking Committee seemed to indicate that the Central Bank was committed to staying the course and markets largely shrugged off earnings reports on a relatively quiet day.
By Stephen Culp NEW YORK (Reuters) - Wall Street stocks rose on Tuesday, with the Dow Jones Industrial Average posting its fourth consecutive session of gains after Federal Reserve Chairman Jerome Powell ...
U.S. stocks close higher on Tuesday, extending a recent upswing after Federal Reserve Chairman Jerome Powell indicated the U.S. central bank wouldn’t move too quickly in changing monetary policy, and that it would be flexible in the face of changing conditions.
U.S. stocks rallied Tuesday as retailers, technology and household goods companies all made solid gains and helped the market shake off a weak start. Netflix slumped after investors were disappointed with the streaming video company's subscriber growth.
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action after Johnson & Johnson reports second quarter adjusted earnings per share that beat Wall Street expectations.