|Day's Range||24,375.04 - 24,678.07|
|52 Week Range||20,553.45 - 26,616.71|
Stock futures were sliding south on Monday as the yield on the 10-year Treasury note stayed elevated and investors awaited another batch of earnings.
European stocks opened weaker Monday, as U.S. equity futures drifted into negative territory to start the week on Wall Street, as investors braced for a busy slate of corporate earnings over the next five days and re-set expectations for interest rates and inflation amid an ongoing surge in global oil prices. The region-wide Stoxx Europe 600 slipped 0.14% in the opening 30 minutes of trading, with major benchmarks in Europe falling around 0.5% as crude continues to hold past three year highs following last week's meeting of OPEC officials in Jeddah.
The U.S. earnings seasons accelerates this week with 180 S&P 500 companies reporting, including big tech names such as Google, Facebook, Amazon and Microsoft.
Since the Dow is a price-weighted Index, the higher priced shares have a greater influence than if the Index was based on market cap. This is shown in spades when you compare Apple’s impact vs. GE’s on Friday.
While there are many complementary explanations, the most heated arguments center on the role of monetary policy. Careful analysis suggests John Williams, the incoming president of the Federal Reserve Bank of New York, may agree with those who blame excessively low interest rates for the boom and bust. In response to the triple shocks of the tech bust, the Sept. 11 terrorist attacks, and the wave of corporate defaults in the early 2000s, Fed Chairman Alan Greenspan and the majority of his colleagues pushed the policy interest rate down to 1%.
Donald Trump , like Ronald Reagan before him, is an outside-the-beltway president. What he found could be a warning to the stock market. "Ronald Reagan had a six-month honeymoon," Acampora, director of technical research at Altaira Capital Partners, told CNBC's " Futures Now " last week.
Government bond yields climbing and a shrinking gap between short-term and long-term Treasury rates have prompted some consternation on Wall Street, driving equity prices lower as investors fret about ...
Tom Lee at Fundstrat Global Advisors, one of the most visible Bitcoin analysts, believes it should move higher since the incremental selling to pay for income taxes has passed.
As large tech companies report first-quarter earnings in a flood of results during the next two weeks, they face a major test: Will they continue to post huge growth, and fuel further overall gains for ...
Political uncertainty will be an even bigger factor for investors as the November midterm elections approach, says Goldman Sachs.
Mark Mobius, the 81-year-old investment guru, believes the U.S. stock market is set for a 30% correction that would essentially wipe out the gains of the last two years. The renowned fund manager, who left Franklin Templeton, the American investment house, after more than 30 years in January, said “all the indicators” point to a large fall in the S&P 500 (^GSPC) and the Dow Jones Industrial Average (^DJI) . “I can see a 30% drop,” said Mobius, who launched one of the world’s first emerging market funds.
The Federal Reserve must be on the lookout for imbalances given the unusual timing of the fiscal stimulus, said Fed Governor Lael Brainard, on Friday.
US stock markets rally during the week but pulled back enough to form shooting stars in both the Dow Jones 30 and the NASDAQ 100. That’s interesting, because it shows that we are perhaps struggling to go higher, and we could see a bit more downward pressure. However, we also have plenty of support underneath.
US stock markets were a bit soft on Friday, rolling over and showing signs of exhaustion. Higher interest rates continue to weigh upon the Dow Jones 30 and the NASDAQ 100, but I think there’s plenty of support underneath to eventually turn things back around.
GDPNow is a forecasting model that provides a running projection of the U.S. Bureau of Economic Analysis GDP estimate using a methodology similar to the one used by the Bureau. GDPNow says, “It is not an official forecast of the Atlanta Fed. Rather, it is best viewed as an updated estimate of real GDP growth based on available data for the current measured quarter. The Bureau’s first estimate for the March quarter comes out the next day, Friday, April 27, which will then be updated on May 30 and June 28.
The Dow fell 201.95 points, or 0.8%, to 24,462.94, while the S&P 500 dropped 0.9% to 2670.14, and the Nasdaq Composite tumbled 1.3% to 7146.13. "Investors rode one big wave this week, with the S&P 500 opening higher on Monday and rallying through midday on Wednesday, then selling off from midday Wednesday through the close on Friday," writes Bespoke Investment Group's Justin Walters. The Dow advanced 102.80 points, or 0.4%, to 24,462.94 this week, while the S&P 500 rose 0.5% to 2670.14.
The global bond market’s primary benchmark, the 10-year U.S. Treasury yield, is knocking on the door of 3 percent, a level it hasn’t topped in more than four years. Higher yields make the burden of everything from mortgages to student loans and car payments even heavier. Some market gurus see it as a turning point with effects that could be felt for years -- and not just in bonds.
A U.S. bond sell-off continued for a second day on Friday, pushing the 10-year Treasury yield to its highest level in more than four years and steepening the yield curve after two weeks of flattening. World stock markets dipped as worries about a global slowdown in smartphone demand dented the technology sector, while oil prices fell after U.S. President Donald Trump sent a tweet criticizing OPEC and then mostly recovered. The higher yields seemed to reflect a technical shift in the market, rather than a jump in investor confidence in the U.S. economy or rising inflation, so analysts are regarding the steeper curve as temporary.
U.S. stocks extend losses in late trade to end lower on Friday, as weakness in technology and consumer staples shares offset the latest batch of corporate earnings, which largely continued to beat expectations....
The technology index (.SPLRCT) was the biggest drag on the S&P 500 with a 1.5 percent drop after registering three straight days of losses ahead of a key earnings week for the sector. "There continues to be some concern over interest rates and their potential impact on equities. The Dow Jones Industrial Average (.DJI) fell 202.09 points, or 0.82 percent, to 24,462.8, the S&P 500 (.SPX) lost 22.98 points, or 0.85 percent, to 2,670.15 and the Nasdaq Composite (.IXIC) dropped 91.93 points, or 1.27 percent, to 7,146.13.
The technology index was the biggest drag on the S&P 500 with a 1.5 percent drop after registering three straight days of losses ahead of a key earnings week for the sector. "There continues to be some concern over interest rates and their potential impact on equities. The Dow Jones Industrial Average fell 202.09 points, or 0.82 percent, to 24,462.8, the S&P 500 lost 22.98 points, or 0.85 percent, to 2,670.15 and the Nasdaq Composite dropped 91.93 points, or 1.27 percent, to 7,146.13.
The S&P 500 and Nasdaq traded lower Friday for the second time in five sessions. The Dow Jones Industrial Average declined Friday for the third day in a row. Despite declines Friday, the three U.S. benchmark stock indexes finished higher for the week.