|Day's Range||24,986.35 - 25,124.10|
|52 Week Range||21,496.13 - 26,616.71|
U.S. stocks inched lower Friday, ending the week little changed, as White House comments on monetary policy sent the dollar and government bond prices sliding. Major indexes struggled to break higher throughout the week as investors parsed dozens of earnings reports and rebukes from President Donald Trump on Federal Reserve policy. A White House official told CNBC that Mr. Trump was worried the Fed would raise interest rates twice more this year.
The Dow Jones Industrial Average finished lower on the day, but not enough to really count. •...and explain why State Street (STT) sank to the bottom of the index. The S&P 500 rose 0.52 point this week after dipping 0.1% to 2801.83 today, while the Dow Jones Industrial Average advanced 38.71 points, or 0.2%, this week after declining 6.38 points today to 25,058.12 today.
On a day the major benchmarks were mostly flat, General Electric fell on concerns over its power business, while Microsoft reported strong sales gains.
U.S. stocks finish Friday’s trade pretty much where they started the session and the week as losses in consumer-discretionary and energy sectors offset a rise in staples and financials.
U.S. stocks ended slightly lower on Friday as escalating trade anxieties driven by U.S. President Donald Trump's latest tariff threats against China offset a string of robust earnings led by Microsoft. The Dow Jones Industrial Average posted its third consecutive weekly gain, while the S&P 500 also rose for a third straight week after eking out a gain for the period.
The U.S. dollar weakened, long term Treasury yields rose and stocks closed mostly lower on Friday after President Donald Trump complained again about the greenback's strength and about Federal Reserve interest rate rises. Wall Street and European stock markets stalled, despite good corporate earnings, after Trump threatened to impose tariffs on all U.S. imports from China. Trump repeated his criticism a day earlier of the U.S. Federal Reserve's policy on raising interest rates saying he is concerned the central bank will raise interest rates twice more this year, a White House official told CNBC.
MARKET PULSE U.S. stocks closed slightly lower on Friday as new questions surrounding government policy on both trade and the dollar cooled buying appetite, despite positive earnings releases. The main benchmarks ended the week roughly where they started.
rose 1.9% after the software giant posted better-than-expected fiscal fourth-quarter earnings as its cloud business surged. Stocks ended mixed on Friday, July 20, as Microsoft Corp. Earlier in the session President Trump said he was ready to increase the amount of China-made goods facing tariffs to as much as $500 billion in order to address what he has called an unfair trade deficit with the world's second-largest economy.
Knee-jerk reaction aside, financial markets aren’t sweating President Donald Trump’s criticism of the Federal Reserve’s decision to tighten monetary policy.
Between July 12 and July 19, US equity indexes’ correlation with US crude oil September futures was as follows: The S&P 500’s (SPY) was 20.6%. The S&P Mid-Cap 400’s (IVOO) was 84.7%. The Dow Jones Industrial Average’s (DIA) was -10.1%.
U.S. stocks were largely unchanged on Friday as a string of strong earnings led by Microsoft offset escalating trade anxieties driven by U.S. President Donald Trump's latest salvo of tough China tariff threats. Shares of Microsoft Corp hit a record high and were up 2.0 percent after second-quarter results beat analyst estimates. Microsoft's advance provided the biggest boost to all three major U.S. stock indexes.
U.S. stock indexes edged higher on Friday as technology stocks rose on the back of solid results from Microsoft, easing fears of a rising trade spat after President Donald Trump toughened his stance against China. Microsoft rose as much as 3.6 percent to a record high of $108.20 and was the biggest boost to the S&P 500 and the Dow Industrials. President Trump said he was ready to impose tariffs on all $500 billion of imported goods from China, unnerving financial markets in premarket trading.
Stocks flinched after President Donald Trump said he's "ready to go" with tariffs on $500 billion of Chinese imports, but they have since recovered. The Dow Jones Industrial Average at around 25,078 Friday afternoon appears to be standing still as investors are becoming practiced stoics. •...and explain why State Street (STT), provider of the world's largest exchange-traded fund, is sliding. The Dow has risen just 32.53 points, or 0.1%, to 25,097.03, while the S&P 500, at 2806.87, is flat.
Investing.com - Oil prices remained on track for sharp weekly declines in midmorning trade on Friday, despite hopes that Saudi Arabia was determined not to flood markets with exports, as traders looked ahead to the latest weekly data on U.S. production.
The Federal Bureau of Investigation has a tape of President Donald Trump discussing payments to a former Playboy model, according to a report from the New York Times. The article published Friday morning indicates that the president's longtime lawyer, Michael Cohen, recorded a conversation with Trump two months before his 2016 election in which payments to a former Playboy model were discussed, the paper wrote, citing lawyers and others familiar with the matter.
U.S. stocks rose on Friday as solid results from Microsoft lifted technology stocks and eased rising trade tensions after President Donald Trump said he was ready to impose levies on $500 billion worth of goods from China. Microsoft rose as much as 3.6 percent to a record high of $108.20 and boosted all three of the Wall Street's main indexes. Trump's comments on tariffs, which followed after the United States and China imposed levies on $34 billion worth of each other's goods this month, worried investors already grappling with the impact of a strengthening dollar on corporate results.
U.S. stocks were edging higher late-morning Friday, seemingly ignoring recent comments from President Donald Trump, who questioned the strategy of the the Federal Reserve and monetary policies of the European Union and China. Futures for all three benchmarks indicated that stocks would face stiffer headwinds at the open of regular trade.
Even Steven. 4-4. That's what's facing us in terms after Thursday's trading action. While no significant technical events occurred on the charts, two indices are challenging resistance, leaving the near-term trends for the major equity indices evenly split.
The S&P 500 was trading flat on Friday as Microsoft's robust results helped offset escalating tariff worries after President Donald Trump said he was ready to impose levies on $500 billion worth of goods from China. Microsoft rose as much as 3.6 percent to a record high of $108.20 after its quarterly results topped estimates on strong performance of its Azure cloud computing business.
MARKET PULSE Shares of General Electric Co. (ge) sank 3.3% on heavy volume in morning trade Friday, turning sharply lower soon after the opening bell, just as the post-earnings conference call concluded.
Tariff fears marched back onto Wall Street early Friday, stirring up tension and possibly overshadowing some solid earnings news in which info tech continues to lead the parade. In an interview with CNBC, President Trump threatened to unleash tariffs on $500 billion worth of Chinese goods. Just a few weeks ago, the White House slapped tariffs on a smaller amount of Chinese imports, but the market bounced back pretty quickly from weakness then.
U.S. stocks opened slightly lower on Friday as industrial stocks fell on worries of an escalation in trade war after President Donald Trump toughened his stance against China, but gains in Microsoft capped ...
MARKET PULSE U.S. stocks opened mostly lower on Friday with the main benchmarks on track to end the week roughly where they started. Investors turned cautious after a flood of new question marks surrounding government policy on both trade and the dollar, overshadowing positive quarterly results from General Electric and Microsoft.