|Day's Range||27,894.52 - 28,090.21|
|52 Week Range||21,712.53 - 28,090.21|
Trade is still a major headwind for the markets, analysts say.
An otherwise normal meeting between the Fed chair and the president on Monday is shrouded by the undertones of President Donald Trump's constant criticism of the central bank.
U.S. stocks ended mixed on Tuesday as investors struggled to shrug off concerns around the prospect of a U.S.-China trade deal and dealt with disappointing earnings. The S&P 500 was down 2 points, or 0.1%, to finish around 3,120. The Dow Jones Industrial Average declined 102 points, or 0.4%, to finish around 27,934, based on preliminary numbers. The Nasdaq Composite rose 0.2%, or 21 points, to end at around 8,571. The S&P 500 snapped its five day winning streak, its longest such stretch since July 15. Economic data on Tuesday suggested that low bond yields have helped boost activity in rate-sensitive sectors. Housing starts climbed 3.8% in October to an annual growth rate of 1.314 million, and building permits jumped 5% in October to a 1.461 million annual rate. In corporate news, Home Depot Inc. fell 5% after after reporting weaker-than-expected same-store sales and a poor outlook.
NEW YORK, Nov 19 (Reuters) - The Dow Jones Industrial Average fell from record levels while the S&P edged lower on Tuesday as dour forecasts from retailers Home Depot Inc and Kohl's Corp fueled worries about consumer spending as the U.S.-China trade dispute dragged on.
Yes, Trump was quoted as saying that he will raise tariffs even higher if the U.S. and China can’t reach a deal. So why is the Dow down nearly 100 points? Blame Home Depot.
From the trade war to a debt crisis and everything in between, there’s clearly a lot to be worried about in terms of the health of the global economy, according to Mark Zandi, chief economist at Moody’s Analytics.
The Dow Jones Industrial Average fell from record levels while the S&P was flat on Tuesday as dour forecasts from retailers Home Depot and Kohl's fueled worries about consumer spending while uncertainty over the U.S.-China trade dispute simmered in the background. The tech-heavy Nasdaq was the best-performing of the three indexes, with support from Facebook Inc and Broadcom Inc helping to counter a drag from Qualcomm after the chip maker held an investor meeting.
“Do you think CEO’s make too much money?” CNBC host Scott Wapner asked ex-Goldman CEO Lloyd Blankfein during a Tuesday afternoon interview.
Nancy Davis, the chief investment officer and founder of advisory firm Quadratic Capital, says much of the markets focus has been on the U.S.’s trade confrontation with China but speculated that increasing trade tensions with Europe could deliver an unexpected blow to Wall Street.
Stock indexes were mixed Tuesday as the Nasdaq — helped by a breakout in Facebook stock — climbed 0.4%. But the Dow Jones Industrial Average lagged.
Investors might be tempted to start adding beaten-down commodities to their portfolios right now. Here’s why one analyst thinks otherwise.
The Dow Jones Industrial Average was under modest selling pressure Tuesday afternoon, while the Nasdaq hit a record high. Small caps outperformed.
The S&P 500 and the Dow Jones indexes slipped from record levels on Tuesday as dour forecasts from Home Depot and Kohl's eroded confidence on the strength of U.S. consumer spending ahead of the all-important holiday shopping season. The tech-heavy Nasdaq rose 0.24%, supported by gains in shares of Microsoft Corp, Facebook Inc and Broadcom Inc.
If home builders stay positive, that could benefit would-be home buyers who were priced out of the market.
Home Depot is one of the biggest companies in the United States and a stock leader on the Dow Jones industrials, but is Home Depot stock a buy right now?
Despite a big drop by Dow Jones Industrial Average component Home Depot, the 30-stock Dow is off just mildly. This sector is boosting the Nasdaq.
Technically speaking, the major U.S. benchmarks remain near-term extended — and are due a cooling-off period, if not a corrective pullback — though the more important longer-term market bias remains comfortably bullish, writes Michael Ashbaugh.
Shares of Merck & Co. Inc. were up 0.3% in midday trading Tuesday, after the health care company said it will raise its quarterly dividend by 11%. The company will pay a dividend of 61 cents a share, up from 55 cents a share, on Jan. 8 to shareholders or record on Dec. 16. Based on the current stock price, the new annual dividend rate would imply a dividend yield of 2.89%, compared with the yield for the SPDR Health Care Select Sector ETF of 1.54% and the implied yield for the S&P 500 of 1.90%. Merck's stock has slipped 2.1% over the past three months, while the health care ETF has gained 6.7%, the S&P 500 has tacked on 6.7% and the Dow Jones Industrial Average has advanced 6.9%.
U.S. stocks slipped back from record highs on Wednesday on disappointing earnings results and doubts about a U.S. - China trade deal
John Studzinski, Pimco’s managing director and vice chairman, joined a long line of Elizabeth Warren critics whose livelihood is tied to Wall Street. “If she does get the nomination, markets will be nervous about that,” he told CNBC in an interview Tuesday at the East Tech West conference in China.
Other retail stocks also fell on the news, driving the S&P 500 retail index down 1.1%. Seven of the 11 major S&P 500 sectors were lower, with the consumer discretionary index's 0.82% drop weighing the most.
Shares of Boeing Co. took a midday dive into negative territory Tuesday, after the National Transportation Safety Board recommended a "more robust redesign" of the engine structure and its components, as it holds a board meeting to determine the probably cause of the fatal April 2018 crash of the Boeing 737-700 aircraft. The stock was up about 0.7%, then sank as much as 2.1%, before bouncing to be down just 0.1%. Boeing's stock has gained 10.5% over the past three months, while the Dow Jones Industrial Average has advanced 6.9%.