|Day's Range||27,088.90 - 27,227.77|
|52 Week Range||21,712.53 - 27,398.68|
Empire Financial Research Founder & CEO Whitney Tilson joins Yahoo Finance’s the Final Round to discuss his view on the markets, where he’s finding opportunities right now, and why he’s now long on Lumber Liquidators.
Stock futures: Apple reportedly is close to a deal to buy the Intel modem chip unit. Intel rose late, while Qualcomm fell.
Donald Trump loves telling us all about how great the stock market has done under his leadership. And why not? Despite a few hiccups, it’s been a great run.
The S&P 500 climbed toward a record high on Monday, supported by expectations of lower interest rates, while investors awaited quarterly earnings from marquee companies Facebook, Alphabet and Amazon later this week. Facebook Inc rallied 2.0% ahead of its report due out after the bell on Wednesday, while Amazon.com Inc and Google-parent Alphabet Inc were each up more than 0.7% ahead of their reports on Thursday. Investors' reactions to the reports of these top-tier growth companies could affect broader market sentiment, with the S&P 500 about 1% below its July 15 record high close.
All three major indexes closed with gains on Monday at the beginning of a busy week. About a third of S&P 500 companies report second-quarter earnings this week, including United Technologies, Snap, Coca-Cola, and Chipotle Mexican Grill on Tuesday.
Asian shares were mostly lower Monday, tracking losses on Wall Street, though a newly launched technology stocks market in Shanghai soared with its trading debut. Regulators have approved 25 companies in information technology and other fields for the STAR Market.
The Dow Jones Industrial Average lagged the Nasdaq composite as the latter got a bigger boost from chip stocks. Data storage and telecom shares rose.
Stocks rose Monday on the strength of technology stocks, while investors began digesting a series of earnings reports in the busiest week for second-quarter corporate results.
Stocks logged small gains Monday, buoyed by tech shares, as investors prepared for a busy week that will see more than 140 S&P 500 companies and a third of Dow Jones Industrial Average components deliver second-quarter results. The Dow rose around 17 points, or 0.1%, to end near 27,172, according to preliminary figures, while the S&P 500 rose around 8 points, or 0.3%, to finish near 2,985. The tech-heavy Nasdaq Composite advanced around 58 points, or 0.7%, to close near 8,204. Tech stocks were the best-performing of the S&P 500's 11 sectors, rising 1.2%. Shares of Micron Technology Inc. rose 3.7% after Goldman Sachs upgraded the chip maker to buy from neutral on Monday, citing expectations for an improved supply/demand balance in coming months. Other memory-chip companies also advanced.
Major stock indexes rose, buoyed by tech stocks and a flood of corporate earnings this week, including FANG names Facebook, Google and Amazon.
U.S. stocks eked out small gains on Monday as investors were wary of making big bets ahead of key central bank meetings on interest rates and waited for earnings from marquee companies including Facebook and Amazon due later this week. Shares of Boeing Co fell 1.13% and pressured the blue-chip Dow index after rating agency Fitch revised its outlook on the planemaker to "negative" from "stable," while the tech-heavy Nasdaq was lifted by chipmakers. "Markets are trading sideways because there are not a lot of earnings out today, with the exception of Halliburton, but it is going to be a very big earnings week," said Tom Martin, senior portfolio manager at GlobAlt Investments in Atlanta.
Investing.com – Tech stocks moved higher on Monday, but the rest of the stock market seemed to stand still.
Apple Inc. shares are rising in Monday morning trading after an analyst at Morgan Stanley praised the “attractive” setup heading into the company’s earnings report next Tuesday.
JPMorgan analyst Stephen Tusa thinks General Electric can beat free cash flow guidance for the second quarter because the 737 MAX engines aren’t being delivered.
Based on the early price action, and the current price at 27125, the direction of the September E-mini Dow Jones Industrial Average futures contract the rest of the session is likely to be determined by trader reaction to the steep downtrending Gann angle at 27077.
Invesco Vice Chair of Investments Krishna Memani sits down with Yahoo Finance's Adam Shapiro, Julie Hyman, and Brian Sozzi to discuss what's in store of the markets this week as many companies report their quarterly earnings.