|Day's Range||25,560.60 - 25,751.71|
|52 Week Range||21,712.53 - 26,951.81|
Stock fell Monday as the impact of the White House’s decision to blacklist Huawei rippled through markets Monday.
Millennials are faring worse than previous generations. Yahoo Finance's Julie Hyman, Adam Shapiro, Sibilie Marcellus, Brian Sozzi and Sylvia Jablonski Direxion Media Managing Director discuss.
U.S. stocks slid on Monday as the White House's restrictions on Chinese telecom equipment company Huawei Technologies Co Ltd weighed on the technology sector and raised concerns that the move would further inflame trade tensions between the United States and China. Since the White House added Huawei to a trade blacklist last week, several companies have moved to suspend business with the world's largest telecom equipment maker.
Technology companies led a broad slide in stocks Monday afternoon on Wall Street, extending the market's losses into another week.
U.S. stocks retreat Monday, though off session lows, as souring U.S.-China trade relations continue to weigh on market sentiment with technology shares taking the brunt of the selling pressure.
Imperial Capital reiterated its outperform rating on Walt Disney Co. stock on Monday, ahead of the entertainment giant's next investor day scheduled for Wednesday that will introduce analysts to the new Star Wars Galaxy Edge theme park. Analyst David Miller maintained his stock price target of $147, or 9% above its current trading level, and said he expects the park due to open at the end of the month in Anaheim, Calif. to enjoy extremely high volumes, which are already built into his park estimates for the third and fourth fiscal quarters, as well as for fiscal 2020.The Anaheim park is smaller in scale than the one Disney is building in Orlando, Fla, but it means the company will have the benefit of two big park events on both coasts in one calendar year. Outside of the park news, Disney is facing higher losses at Hulu, in which it now owns a 70% stake, with a new put/call arrangement with Comcast Corp. for the remaining shares. Miller shaved 4 cents off his fiscal 2020 GAAP EPS estimate to reflect the bigger stake. Disney has a path to profitability for the streaming service, which has 25 million subscribers. Disney shares were down 1.2% Monday, but have gained 22% in 2019 to date, while the S&P 500 has gained 13% and the Dow Jones Industrial Average , which counts Disney as a member, has gained 10%.
It is effectively a recession in the U.S. automotive sector, and Ford is the latest company to respond, with plans to reduce its salaried staff by 7,000 people, or about 10%.
Mike Wilson, chief U.S. equity strategist at Morgan Stanley, writes in a research note dated Sunday, that the 2018 market rally, subsequent correction and early-2019 recovery have masked the fact that since June, the defensive utilities, real estate and consumer-staples sectors have led the S&P 500 index on a total return basis.
President Trump and Fed policymakers seem too sure about the ability of the U.S. economy to withstand a China trade war. That's bad news for the Dow Jones.
With seemingly no end in sight to tariff tensions, more investors are feeling rattled about the prospect of a prolonged trade war, which many worry could hurt the global economy and corporate profits.
The U.S. economy is in no danger of imminent recession, but it appears to be facing tighter caps on just how fast it can grow. Here’s why.
Chip stocks took hard hits Monday morning. Dow Jones stocks were mixed. On the upside, utilities, hospitals and diversified operations were doing well.
U.S. stocks fell on Monday, as Washington's crackdown on China's Huawei Technologies stoked fears about a hit to the broader technology sector and ratcheted up trade tensions between the world's two largest economies. Apple Inc slumped 3.3%, weighing the most on the three main indexes and driving down the S&P 500 technology sector 1.27%, the biggest drop among the six S&P sectors trading lower.
Treasury yields hold steady on Monday as U.S.-China trade tensions remain a focus for investors, driving Wall Street mostly away from stocks to the perceived safety of government paper over the past few weeks.
Most U.S. hedge funds aren't expecting another big stock market sell-off as more firms curb bets on volatility, according to Nomura.
U.S. stocks fell on Monday, as a crackdown on China's Huawei Technologies raised concerns of a bigger impact on chipmakers and added to fears of an escalation in trade war between the two nations. Apple Inc slumped 3.84%, weighing the most on the three main indexes. U.S. suppliers of Huawei, including Qualcomm , Micron Technology and Broadcom Inc, fell about 5%, while the Philadelphia Semiconductor Index slid 2.88%, its lowest level in over two months.
Factories proved to be a significant drag on April economic activity, a setback reflected in the sharp pullback for the Chicago Federal Reserve’s monthly index tracking the national economy.
Shares of Agco Corp. slumped 2.6% in morning trade Monday, after Bank of America Merrill Lynch analyst Ross Gilardi turned bearish on the agricultural equipment company, saying its "heavy" outperformance over Deere & Co. appears unsustainable given increased pressure on farm equipment demand. Gilardi cut his rating to underperform from neutral and slashed his stock price target to $64 from $75. Gilardi said Agco's stock outperformance has been based on Agco's relative lack of North America large agriculture exposure as the U.S.-China trade war drags on, continued strong performance of its European business and a heavy short position by investors in late 2018. Agco's stock is up 17.9% year to date, while Deere shares are down 10.5% and the S&P 500 is up 13.4%. "We expect Agco to relinquish some of this outperformance as the rest of 2019 outlook feels more uncertain to us with rising competition in Brazil and likely US production cuts in 2H19," Gilardi wrote in a note to clients. On Friday, Deere's stock tumbled 7.7% after the company reported earnings that missed expectations as the U.S.-China trade war caused farmers to become more cautious about making purchases.
Based on the early price action, the direction of the June E-mini Dow Jones Industrial Average the rest of the session is likely to be determined by trader reaction to the short-term 50% level at 25585.