|Day's Range||24,953.45 - 25,064.99|
|52 Week Range||20,896.22 - 26,616.71|
Here’s a quick wrap up of other headlines making news today.
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest Goldman Sachs note explaining different scenarios under which the 10-year rate will materially rise due to the growing budget deficit.
By Laila Kearney New York (Reuters) - Global stocks were mixed on Tuesday as Wall Street investors locked in recent gains while European shares approached four-month peaks as pressure eased on Italy's ...
Is the U.S. stock market, after a few months of hobbling, about to resume its run upward? If 2017 was a year of no volatility or pullbacks, then 2018 so far has been a year of standing still. While Wall Street has seen volatility return this year, with more than three times as many 1% moves as were seen over all of last year, the result of all that sturm und drang has basically been a wash.
Correlations, or the degree to which two different securities move in tandem, could be prone to spikes, which would create a trading environment where stocks broadly move in the same direction, regardless of their individual or underlying fundamentals. While broad-market correlations have been receding since February, major indexes have at the same time been taking their cue from technology stocks, which have led the market higher for years and could just as easily lead it lower. “Increasing stock correlations within equities are additionally making it harder for investors to look for diversification by simply investing in equities.
In this article, we’ll look at the weekly US steel production data released by the AISI (American Iron and Steel Institute). According to AISI data, US steel production rose 1.7% YoY (year-over-year) in the week that ended on May 12.
Washington neared a deal to lift its ban on U.S. firms supplying Chinese telecoms gear maker ZTE Corp, sources said on Tuesday, while Beijing said it will steeply cut import tariffs for automobiles and car parts. Shares of Ford, General Motors, as well as the U.S.-listed shares of Fiat, were up between 1 percent and 2.4 percent. "The market is taking very well to what appears to be the fact that Trump is able to maneuver the trade talks in our favor," said Andre Bakhos, managing director at Janlyn Capital LLC in Bernardsville, New Jersey.
The Dow Jones Industrial Average is heading higher this morning as the U.S. and China continue to make progress on avoiding a trade war. Nasdaq Composite futures have gained 0.3%. From the looks of it, progress us being made on to avoid a full-blow trade war.
Wall Street opened higher for the second straight day on Tuesday, boosted by gains in tech stocks as trade talks between the United States and China gained momentum. The Dow Jones Industrial Average rose ...
The Dow is working on getting comfortable back above the 25,000 mark, as lots of people scratch their heads over North Korea, Iran and the Cavs-Celtics series. In these topsy-turvy times, at least there are still some constants, such as millennials’ love for avocados. It’s a StockTwits duo that is serving up the chart — the social network’s co-founder, Howard Lindzon, and user Matthew Timpane.
The S&P 500 pulled back from two-month high price levels last week and consolidated with mixed sentiment. The S&P 500 regained strength and opened higher on May 21 amid the improved US market sentiment and reclaimed two-month high price levels. On Monday, all 11 major S&P 500 (SPY) sectors closed the day higher.