|Day's Range||28,575.75 - 28,823.23|
|52 Week Range||24,680.57 - 29,373.62|
Headlines moving the stock market in real time.
Apple rallied overnight on earnings, also lifting iPhone chip suppliers and stock futures. AMD and Xilinx fell on results.
Dow futures are getting support from Apple's blowout first quarter earnings Wednesday, which have at least temporarily offset concerns for the rapidly-spreading coronavirus in Asia, ahead of another busy session of corporate reporting and a Fed rate decision later in the day.
Credit Suisse says the media “fear factor” regarding the coronavirus will negatively impact China-exposed retail companies, leading to a potential 11 to 17% downside for these stocks
A U.S. judge Tuesday sentenced a socially awkward math whiz-turned-futures trader who earned tens of millions of dollars over several years and helped trigger a U.S. stock market “flash crash” from his parents’ suburban London home to time served and a year’s home confinement, sparing him imprisonment after prosecutors praised his cooperation and said his crimes were entirely unmotivated by greed.
A glut of new U.S. speculative-grade bonds issued by energy companies in January are seeing prices fall as China battles to contain the deadly coronavirus.
Sarao's attorneys at Dechert LLP said https://www.dechert.com/content/dechert/en/knowledge/news/2020/1/dechert-represents-london-based-trader-navinder-singh-sarao.html their client initially faced the possibility of more than 100 years of jail time for his role in the May 6, 2010, crash when the Dow Jones industrial average briefly plunged over a 1,000 points, temporarily wiping out nearly $1 trillion in market value. Sarao pleaded guilty in 2016 https://www.cnbc.com/2016/11/10/flash-crash-trader-pleads-guilty-to-spoofing-wire-fraud.html to wire fraud and “spoofing” for placing orders intended to affect prices — rather than trade — in the S&P 500 E-mini futures market. U.S. District Court Judge Virginia Kendall on Tuesday sentenced Sarao to time served, his lawyers said.
Boeing’s problems, the Lunar New Year, and the coronavirus are creating a unique situation for the industrial sector, making it hard to predict how 2020 will go for these companies.
It's been a horrible year for U.S. Steel shareholders. The stock is down 58% over the past 12 months. Full-year results will be reported Thursday evening. Investors are hoping for some relief.
All three major indexes rose on Tuesday, recovering some ground lost in Monday’s selloff. Oil rose on coronavirus fears after hitting a three-month low on Monday, while gold retreated from a multiyear high.
U.S stocks close higher Tuesday, a day after worries about the impact of China’s coronavirus outbreak on global economic growth sparked the biggest one-day selloff since early October.
Dow Jones stocks: United Technologies earnings topped views amid Boeing 737 Max headwinds and ahead of its planned Raytheon merger. 3M earnings missed.
U.S. stock indexes on Tuesday staged a solid comeback after the worst daily decline for stocks in months, following a downturn that had been at least partly sparked by concerns about the spread of an Asian influenza. Although the so-called Wuhan virus, named for the city in China where it is said to have originated, continues to spread in the second-largest economy in the world, claiming at least 106 lives and infecting more than 4,500 people, investors deemed Monday's equity slump to be overdone and bought beaten-down shares. The Dow Jones Industrial Average gained 186 points, or 0.7%, to 28,722, halting a 5-session slide. The S&P 500 index advanced 1% to 3,276, while the Nasdaq Composite Index rose 1.4% to close at 9,269, both indexes ended a two-session slide. Uneasiness about the spread of the the illness that has drawn comparisons with SARS, severe acute respiratory syndrome, and the possible impact to China's economy, comes as the Federal Reserve on Wednesday is slated to provide an update on monetary policy, with key interest rates at 1.50%-1.75% range. In company news, Apple Inc. is among the S&P 500 and Dow components set to report after Tuesday's close. Apple suppliers have cautioned that the coronavirus could impact the iPhone maker's output. Market participants also have noted that an accurate recession indicator, the differential, or spread, between the three-year Treasury bill and the 10-year Treasury note , briefly inverted early Tuesday.
President Donald Trump’s attorneys on Tuesday play down revelations from former Trump adviser John Bolton, as they wrap up their opening arguments in the president’s Senate impeachment trial.
(LK) American depositary shares perked back up Tuesday, after dipping on Monday as markets grappled with coronavirus fears. Luckin Coffee American depositary shares (ticker: LK) have soared 134% from their $17 initial public offering price last May. A jump in November from strong quarterly revenue results pushed the (SBUX) (SBUX) rival higher. The company has passed Starbucks in terms of total stores in China, according to research from Thinknum Media.
The coronavirus is getting a bum rap as the cause of the stock market’s recent weakness. In fact, there has been no other three-month period since I started compiling the data in 2000 during which the average HSNSI level has been as high as it has been since October.
Automotive supplier BorgWarner shocked investors Tuesday, announcing a deal to buy Delphi Technologies. The deal looks like a bet on fossil fueled vehicles—and Borg investors don’t appear happy.
Stock indexes were near session highs Tuesday as the market continued to bounce back from two days of selling. The S&P; 500 today climbed 1% for its best gain of 2020 so far.
Technically speaking, the S&P 500 has pulled in sharply from recent record highs, pressured amid the most aggressive selling pressure since October, writes Michael Ashbaugh.
As the Senate prepares to vote this week on whether to subpoena new witnesses or documents in President Donald Trump’s impeachment trial, Mitt Romney and other senators are adding to expectations that the vote might have a chance.
The stock market showed solid gains near midday Tuesday after Monday's drubbing. Growth stocks bounced back in spades, including Apple ahead of earnings.