|Day's Range||25,193.78 - 25,463.29|
|52 Week Range||23,242.75 - 26,951.81|
U.S. Commerce Secretary Wilbur Ross talks with Yahoo Finance editor-in-chief at the latest All Markets Summit in Washington, D.C.
San Francisco Fed President Mary Daly is calling out low labor force participation rates despite "full employment" in the U.S. economy.
Global enthusiasm for Chinese bonds wane. Yahoo Finance's Julie Hyman, Adam Shapiro, Julia La Roche and Liz Young, Senior Investment Strategist at BNY Mellon discuss.
A closely followed gauge of small-capitalization stocks is a hair’s breadth of realizing a bearish pattern.
The Dow Jones Industrial Average traded more than 100 points lower Tuesday morning, as a tumble in shares of Boeing Co. and Home Depot Inc. put the kibosh on a rebound attempt by the blue-chip index. Boeing's share decline was carving about 80 points out of the Dow after The Wall Street Journal reported that the aerospace company withheld information about a change to its aircrafts, while Home Depot was retreating even after the home-improvement giant reported better-than-expected third-quarter results. Declines in both companies come after the Dow shed more than 600 points amid a internet and technology-related stock-market rout that was partly prompted by sharp declines in shares of Apple Inc. and those for Goldman Sachs Group Inc. . Most recently, the Dow was trading 160 points, or 0.6%, lower at 25,210, the S&P 500 index was down 0.2% at 2,721, while the Nasdaq Composite Index was clinging to a slight 0.1% gain at 7,210. All three benchmarks finished Monday's trade sharply lower.
On November 12, US crude oil December futures fell 0.4% and settled at $59.93 per barrel—the lowest closing level for active US crude oil futures since February 13. The Energy Select Sector SPDR ETF (XLE) fell 2.1% on November 12. The S&P 500 (SPY) and the Dow Jones Industrial Average (DIA) fell 2% and 2.3%, respectively. The fall in the broader market might have dragged energy stocks.
U.S. stocks rose on Tuesday as technology stocks bounced back after a steep selloff in the previous session and hopes of progress in the U.S.-China trade talks boosted industrials, even though a decline in Apple Inc curbed gains. The S&P technology index rose 0.6 percent following three days of losses, but shares of Apple edged 1.3 percent lower, entering its fourth day in the red. The trade-sensitive industrial sector rose 0.5 percent, boosted by shares of Caterpillar Inc and United Technologies Corp.
U.S. stock indexes were mostly higher in early trading Tuesday, erasing some of the losses from a steep, technology-driven sell-off a day earlier. Gains in banks and technology companies outweighed losses elsewhere in the market. Crude oil prices headed sharply lower, continuing a long downturn. Bond prices rose, sending yields lower.
The Dow Jones Industrial Average rose modestly on Tuesday, a session after the blue-chip index fell 600 points as tech shares led the selloff. fell 1.1% despite the home-improvement retailer posting stronger-than-expected third-quarter earnings and boosting its full-year profit guidance. dipped 0.7% on Tuesday after analysts at Goldman Sachs cut their estimate for iPhone sales.
Jim Cramer, CNBC’s “Mad Money” host and a prominent fixture among market commentators on Monday said the market is enduring “a very serious correction.”
U.S. stocks are edging higher, one day after the Dow and the technology-laden Nasdaq suffered triple-digit losses.
With market volatility persisting, investors still need to consider a bond strategy. Thinking more deeply about bond diversification and duration is critical. With the Dow Jones Industrial Average down 600 points on Monday, 65 percent of the S&P 500 in correction (or worse) and a litany of headwinds for investors, it feels like the current bout of volatility will be with investors for a long time.
U.S. stock benchmarks Tuesday fought to gain traction higher after an ugly start to the week. The Dow Jones Industrial Average rose 55 points, or 0.2%, at 25,437, the S&P 500 index rose 0.6% at 2,742, while the Nasdaq Composite Index climbed 1% at 7,275. All three benchmarks fell sharply on Monday, with the Dow plunging more than 600 points, on the back of sharp declines in shares of Apple Inc. and Goldman Sachs Group Inc. . Market players attributed Tuesday's tepid optimism to apparent progress in trade talks. The Wall Street Journal reported that Treasury Secretary Steven Mnuchin spoke with Chinese Vice Premier Liu He on Friday about a deal to ease trade tensions, ahead of a meeting between President Donald Trump and President Xi Jinping, set for the end of November at the G-20 summit in Buenos Aires. Meanwhile, shares of Home Depot Inc. were in focus after the home-improvement company and Dow component reported better-than-expected quarterly results. However, shares were down 1.4% as a call to discuss results with analysts was under way.
The S&P 500 and the Nasdaq opened higher on Tuesday, boosted by a rebound in technology stocks and hopes of progress in the U.S.-China trade talks, while losses in Boeing Co and Home Depot Inc weighed on the Dow. The S&P 500 opened higher by 3.83 points, or 0.14 percent, at 2,730.05. The Nasdaq Composite gained 29.82 points, or 0.41 percent, to 7,230.69 at the opening bell.
Shares of Apple Inc. dropped 1.4% in premarket trade Tuesday, after Goldman Sachs slashed its price target by 13% and cut iPhone unit estimates in the wake of a profit and sales warning from supplier Lumentum Holdings Inc. . Analyst Rod Hall lowered his price target to $209 from $240, and reiterated the neutral rating he's had on Apple since Feb. 6. He cut his fiscal 2019 revenue outlook by 3.5% to $269.94 billion, which compares with the FactSet consensus of $280.5 billion; he lowered his earnings estimate to $13.00 from $13.44, while the FactSet consensus is $13.45; and reduced his total iPhone units estimate by 6%, as declines in iPhone XR/XS Max/XS unit estimates offsets increases in lower-priced iPhone units. Apple's stock had tumbled 5.0% to a 3 1/2-month low on Monday, after Lumentum cut is earnings and revenue outlook after it recently received a request from "one of our largest" customers to "materially reduce shipments" of laser diodes for 3D sensing, and Lumentum has disclosed in the past that Apple was its largest customer. Sanderson said he's concerned Lumentum's warning suggests demand for new iPhone modes is deteriorating. "We note this could easily right itself given the bulk of demand comes in late December but we feel more prudent sell through forecasts are warranted due to the timing and magnitude of this warning," Sanderson wrote in a note to clients. Apple's stock has shed 16% since its Oct. 3 record close of $232.07 through Monday, while the Dow Jones Industrial Average has lost 5.4% over the same time.
With the markets currently facing a lot of gyration, investing in quality stocks seems prudent. After all, these stocks provide excellent risk-adjusted returns.
Investing.com - U.S. crude’s losing streak continued on Tuesday as the Organization of Petroleum Exporting Countries forecast that world demand would decrease in 2019.
U.S. and European stocks futures were up Tuesday morning, a turnaround following the Dow Jones Industrial Average’s plunge of more than 600 points on Monday.