|Day's Range||24,687.81 - 24,824.22|
|52 Week Range||20,942.57 - 26,616.71|
While leaving the White House, President Trump said the administration has restarted dialogue with North Korea after canceling the summit. Yahoo Finance’s Alexis Christoforous and Rick Newman break down the details.
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action. As of 12:45 pm ET, the Dow Jones Industrial Average components ranked highest to lowest are: INTC Intel Corp 1.06% MCD McDonald's Corp 0.79% AAPL Apple Inc 0.69% UNH UnitedHealth Grp Inc 0.64% PG Procter & Gamble Co 0.58% NKE Nike Inc Cl B 0.43% MSFT Microsoft Corp 0.35% TRV The Travelers Companies Inc 0.27% HD Home Depot Inc 0.18% BA Boeing Co 0.12% DIS Disney (Walt) Co 0.10% KO Coca-Cola Co -0.06% IBM Intl Business Machines Corp -0.14% WMT Wal-Mart Stores -0.14% MRK Merck & Co -0.27% JNJ Johnson & Johnson -0.38% UTX United Technologies -0.43% CSCO Cisco Systems -0.48% V Visa Inc -0.46% GS Goldman Sachs Grp -0.53% JPM JPMorgan Chase & Co -0.54% VZ Verizon Communications -0.55% MMM 3M Co -0.56% PFE Pfizer Inc -0.82% GE General Electric Co -0.82% AXP American Express Co -1.12% CAT Caterpillar Inc -1.19% DWDP DowDuPont Inc -1.30% XOM Exxon Mobil -2.69% CVX Chevron Corp -4.19%
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action after Bank of America Merrill Lynch's weekly Flow Show report points to minimal flows in stocks and bonds. They do recommend a defensive posture unless and until there is an "event" or the Federal Reserve decides to ease up on the brakes. Energy and material stocks are seeing the most in-flows. Performance of the S&P 500 energy sector (XLE) components as of 12:45 pm ET: ANDV Andeavor -2.42% APA Apache Corp -5.04% APC Anadarko Petro -3.01% BHGE Baker Hughes a GE Co Cl A -3.31% CHK Chesapeake Energy Corp -7.47% COG Cabot Oil & Gas Corp -0.07% COP ConocoPhillips -5.64% CVX Chevron Corp -4.20% CXO Concho Res Inc -1.40% DVN Devon Energy -3.90% EOG EOG Res -2.75% EQT Equitable Res -2.18% FTI TechnipFMC plc -3.75% HAL Halliburton Co -4.97% HES Hess Corp -5.05% HP Helmerich & Payne -5.26% MPC Marathon Petro Corp -3.11% MRO Marathon Oil Corp -4.59% NBL Noble Energy -4.27% NFX Newfield Exploration -5.74% NOV National Oilwell Varco Inc -3.50% OKE Oneok Inc -1.36% OXY Occidental Petro -2.89% PSX Phillips 66 -3.40% PXD Pioneer Natural Res -2.65% RRC Range Res -2.15% SLB Schlumberger Ltd -3.95% VLO Valero Energy -3.18% WMB Williams Companies -1.27% XEC Cimarex Energy -2.85% XOM Exxon Mobil -2.65% Performance of the S&P 500 materials sector (XLB) components as of 12:45 pm ET: ALB Albemarle Corp -0.69% APD Air Products & Chem Inc -1.01% ARNC Arconic Inc -0.35% AVY Avery Dennison Corp -0.68% BLL(HB) Ball Corp -0.22% CF CF Industries Hldgs Inc -0.53% DOV Dover Corp -1.37% DWDP DowDuPont Inc -1.27% EMN Eastman Chemical -1.31% FCX Freeport-McMoRan Inc -1.58% FMC FMC Corp 1.25% IFF Intl Flavors/Fragr 0.47% IP Intl Paper -1.04% LYB LyondellBasell Ind N.V. 'A' -3.17% MON Monsanto Co 0.80% MOS The Mosaic Co (New) -0.59% NEM Newmont Mining -1.19% NUE Nucor Corp -1.25% PH Parker-Hannifin -0.82% PKG Packaging Corp America -1.43% PNR Pentair Plc -0.97% PPG(E) PPG Indus Inc 0.49% PX PraxAir Inc -0.94% SEE Sealed Air -0.02% SHW Sherwin-Williams 1.00% WRK Westrock Co -1.42% WY Weyerhaeuser Co 0.78%
Indeed, the S&P 500 index (^GSPC) is staged for the best May performance in nine years, boasting a month-to-date return of 2.8% thus far, while the Dow Jones Industrial (^DJI) also headed for the best May since 2009, according to FactSet data. Back in 2009, the Dow booked a 4.1% return for May as the S&P 500 returned 5.3% that month. The Nasdaq Composite Index (^IXIC) is the outperformer, on track for a May return of 5.2%, which would represent the technology-tilted index’s best rise for that month since 2005, when it advanced by 7.63%.
The US stock markets paused a bit during the week, as we head towards the Memorial Day weekend, the unofficial start of summer in the United States. We are testing significant resistance barriers above, so it makes sense that we may see a bit of short-term softness.
The US markets went back and forth during the trading session on Friday, as we started to see profit taking ahead of the Memorial Day holiday on Monday. I believe that the market will continue to be very noisy, but it looks as if we are forming a shooting star for the week, which of course is a bit difficult.
U.S. stocks stalled Friday but hung on to weekly gains, as tumbling oil prices and worries over political risks from North Korea to Italy kept investors on guard ahead of the holiday-lengthened weekend. Stock indexes around the world struggled to gain ground this week as geopolitical rifts drove investors into relatively safe assets such as government bonds and gold.
The Dow Jones Industrial Average slid today along with just about everything else. Nothing could be done to please stock, oil, or commodities investors Friday as the Dow Jones Industrial Average, crude, and even gold were bleeding ahead of the long weekend. Bullish patterns have been a disappointment in the last few months, but they are “at our backs,” writes Frank Cappelleri, Instinet technical analyst.
Here Are 4 Hot Things to Know About Stocks Right Now Crude oil prices fell 4% to settle at $67.88 a barrel Friday after Saudi Arabia and Russia confirmed plans to ease production cuts. Exxon Mobil Corp.
U.S. stocks closed mostly lower on Friday, largely due to a selloff in energy shares. The S&P 500 energy sectors slumped 2.6%, weighing on the broader index. But all three main benchmarks posted weekly ...
The S&P 500 index and the Dow eased on Friday after a steep drop in oil prices pressured energy stocks, but losses were limited by gains in chipmakers and retail stocks. The S&P energy index slid 2.9 percent, while Chevron dropped 3.7 percent and Exxon Mobil fell 2.1 percent and were the biggest drags on the Dow.
Prominent investment firm Goldman Sachs (GS) also said that the rising rates could change the valuation of the equity market (SPY) (QQQ) (DIA). Rising inflation is signaling that interest rates could rise too. The faster rate hike expectation is pushing the bond yield higher.
The prominent investment firm Goldman Sachs (GS) shared its latest view on the US economy (QQQ) (SPY), US fiscal deficit, and the US debt level in a research report on May 21. According to the investment firm, the US fiscal outlook “is not good” due to the rising debt level in the economy and the widening federal budget deficit.
The numbers: Existing-home sales ran at a seasonally adjusted annual 5.46 million pace in April, the National Association of Realtors said Thursday. The big picture: Exceptionally low levels of supply have the housing market reeling.
On May 17–24, US equity indexes’ correlations with US crude oil July futures were: the Dow Jones Industrial Average Index (DIA) at 74.8% the S&P 500 Index (SPY) at 71.1% the S&P Mid-Cap 400 Index (IVOO) at 56.9%
Today, the Dow has fallen 60.77 points, or 0.2%, to 24,750.99, while the S&P 500 has dropped 0.3% to 2721.07 and the Nasdaq Composite has advanced 0.2%, to 7442.3. Except for one problem: The average stock in the S&P 500 isn't outperforming. Leuthold Group's Doug Ramsey notes that the equal-weighted S&P 500 has been underperforming the regular S&P 500 this year, even as the Russell 2000 has outperformed. "On the face of it, it’s difficult to argue the stock market has narrowed, what with the Russell 2000 and all major daily advance/decline measures making record highs over the last week," Ramsey writes.
Investing.com – Wall Street dipped down on Friday on a thinly-traded day ahead of the Memorial day weekend as geopolitical concerns remained on the back of investors minds.The S&P 500 was down nine points or 0.36% to 2,717.83 as of 9:44 AM ET (13:44 GMT) while the Dow composite decreased over 80 points or 0.32% to 24,731.35 and tech heavy NASDAQ Composite fell six points or 0.09% to 7,417.61. ...
Crude-oil prices plunged Friday midday, putting the commodity on the brink of sliding below a closely followed trend line, with oil futures taking a beating on news that the Organization of the Petroleum Exporting Countries and Russia are considering lifting production caps. Most recently, June oil futures were recently down 4.3% at $67.67 a barrel, just above its 50-day moving average at $67.54, according to FactSet data. Market technicians sometimes use moving averages as a dividing line between bullish and bearish momentum in an asset.
Airline stocks soared Friday, giving a big boost to the Dow Jones Transportation Average , with the tumbled in crude oil prices helping fuel the rally. The NYSE Arca Airline Index rallied 3.0%. The Dow ...
Investors can blame the Dow Jones Industrial Average's decline Friday on two stocks, those of Chevron Corp. and Exxon Mobil Corp. , which are shaving a combined 36 points off the Dow as oil prices sink. Chevron shares were the Dow's biggest losers, as they shed 3.0%, with the price decline of $3.84 taking about 26 points off the Dow. Exxon's stock slumped $1.45, or 1.8%, to reduce the Dow's price by about 10 points.
In what might seem like another episode in a season of re-runs, today offers geopolitics and retail earnings to usher in the three-day break. Earnings from two key retailers and more scuttlebutt around the North Korean situation made headlines early Friday, along with a drop in crude oil prices. If the Shoe Fits... Foot Locker, Inc. (NYSE: FL) shares rose 15 percent in pre-market trading after the company easily beat Wall Street analysts’ expectations, posting EPS of $1.45 vs. expectations of $1.24 per share.
Most not worried yet about higher interest rates, inflationReutersConsumers are pretty optimistic these days about the U.S. economy. The numbers: The final reading for consumer sentiment fell slightly in May, but the index pointed to steady growth for the U.S. economy. The sentiment index slipped to 98 points from 98.8 in April, the University of Michigan said.
Earnings from two key retailers and more scuttlebutt around the North Korean situation made headlines early Friday, along with a drop in crude oil prices. Foot Locker shares rose 15% in pre-market trading after the company easily beat Wall Street analysts’ expectations, posting EPS of $1.45 vs. expectations of $1.24 per share. Foot Locker is a retailer that tends to draw traffic to its brick-and-mortar stores in this digital age and looks like it might be a nice turn-around story.