|Day's Range||25,762.21 - 25,938.88|
|52 Week Range||21,712.53 - 26,951.81|
Market watchers can expect a busy day filled with Fedspeak on Friday.
Michelle Girard, Chief US Economist at NatWest Markets, says the Fed is in a “risk management approach whether we’re talking about the balance sheet or interest rates.” Yahoo Finance’s Alexis Christoforous speaks to her.
Yahoo Finance Editor-in-Chief Andy Serwer sits down with Alexis Ohanian, co-founder of Reddit and co-founder & managing partner of Initialized Capital. In a wide-ranging interview, Ohanian discusses the role of race in his marriage with tennis great Serena Williams and raising a mixed-raced daughter in America. He expressed his concern about tech regulation and shared his thoughts on the state of cryptocurrencies and what's next for the volatile crypto market. Ohanian talked about his partnership with Dove Men+Care as well as his support for paternity leave in the U.S. Ohanian also weighed in on the 2020 presidential race, sharing his thoughts on a possibility overlooked candidate, Tulsi Gabbard.
Stocks in Australia slipped in early trade. In overnight market action stateside, stocks fell after the release of a stream of disappointing U.S. economic data on Thursday. Futures pointed to a lower open in Japan. Nikkei futures contract in Chicago was at 21,320, below the benchmark index's last close at 21,464.23.
Stocks closed lower on Wall Street Thursday, breaking a three-day winning streak for the S&P 500 index. The losses were broad, with health care, financial, energy and communications companies accounting ...
Health care and energy companies led U.S. stocks lower Thursday, ending a three-day winning streak for the S&P 500 and giving the benchmark index only its fourth loss this month.
Weak economic reports pressured U.S. stocks on Thursday after the market's recent run of gains, and a drop in healthcare shares added to the bearish momentum. Separate data showed the Philadelphia Federal Reserve's gauge of U.S. Mid-Atlantic business activity declined in February to its weakest level since May 2016, while another report showed U.S. existing home sales dropped last month to the lowest level since November 2015. Recent gains in the market have been driven by hopes of progress in U.S.-China trade talks and dovish signals from the Federal Reserve.
The Commerce Department said new orders for key U.S.-made capital goods unexpectedly fell in December, pointing to a further slowdown in business spending on equipment that could crimp economic growth. Separate data showed the Philadelphia Federal Reserve's gauge of U.S. Mid-Atlantic business activity declined in February to its weakest level since May 2016, while another report showed U.S. existing home sales dropped last month to the lowest level since November 2015. Recent gains in the market have been driven by hopes of progress in U.S.-China trade talks and dovish signals from the Federal Reserve.
Stocks finish lower Thursday, with the Nasdaq snapping its eight-session winning streak, as fresh economic data out of Europe and Japan suggest further slowing in global growth
declined 1.06% after Duke's Zion Williamson, one of the most popular collegiate athletes in the United States and a projected No. 1 pick in this year's NBA draft, injured his knee after his Nike shoe collapsed during a nationally televised game in North Carolina. fell 9.15% after the pizza chain posted weaker-than-expected fourth-quarter earnings as comparable sales at its U.S.-owned stores slumped 3.6%.
Albert Edwards, global strategist at Société Générale, cautions that stock markets were becoming more “detached from reality,” which could “prove fatal,” in the end.
The S&P 500 on Thursday marked its worst decline since early February and the Nasdaq snapped an eight-session win streak, as a batch of disappointing manufacturing and housing data unsettled investors. However, the market remains in an uptrend, for now as talks between the U.S. and China progress and the Federal Reserve appears to be in a wait-and-see posture. The Dow Jones Industrial Average fell 104 points, or 0.4%, to reach 25,851, the S&P 500 index fell 0.4% to 2,774, while the Nasdaq Composite Index gave up 0.4% to end at 7,459, ending a string of wins for the technology-heavy index at eight. The day's losses were the worst for the S&P 500 and the Nasdaq since Feb. 7, according to FactSet data. Poor data underpinned much of the dour sentiment on the Street. Durable-goods orders rose by 1.2% in December, below the 1.4% expected by economists, according to a MarketWatch poll. Outside of orders for airplanes and automobiles, orders rose just 0.1%. Meanwhile, a key measure of business investment, known as core orders, slipped 0.7% in December. Manufacturing activity declined in the Philadelphia area, constituting Pennsylvania, Delaware and New Jersey in February, for the first time since May of 2016, according to the Philly Fed manufacturing index. The index fell to a seasonally adjusted reading of -4.1 from 17 in January. Meanwhile, a reading for existing home sales fell 1.2% in January to a seasonally adjusted annual rate of 4.94 million homes, the National Association of Realtors. It marks the third straight month of declines.
Weak economic reports pressured U.S. stocks on Thursday after the market's recent run of gains, and a drop in healthcare shares added to the bearish momentum. The Dow Jones Industrial Average fell 103.13 ...