|Day's Range||25,952.00 - 26,160.12|
|52 Week Range||21,712.53 - 27,398.68|
A lot has happened since the Fed's last meeting where it lowered rates for the first time in over a decade. How will policymakers navigate communication at their annual summit in Jackson Hole this week?
Investors will be on the edge of their seat for Fed Chair comments from Jackson Hole. Yahoo Finance's Adam Shapiro, Sibilie Marcellus, and Rick Newman discuss.
The administration is denying what's being widely reported. Yahoo Finance's Adam Shapiro, Rick Newman, Sibilie Marcellus and Steve Ellis Taxpayers for Common Sense Vice President discuss.
Stock futures: The market rally paused near a key level Tuesday. But IBD 50 stocks Paycom, Lululemon, Kirkland Lake Gold and HubSpot are in buy zones.
Investors on Tuesday sought traditional safe havens, including the Japanese yen and U.S. Treasuries, even as there were signs that more economic stimulus was on its way, as markets focused on concerns over a global deceleration. The prospect of new elections in Italy after the resignation of Prime Minister Giuseppe Conte added to global uncertainties, but Italian markets had been jittery over infighting within the coalition and Italian sovereign bond yields fell after the announcement. U.S. President Donald Trump said his administration was looking to cut some taxes but that he was not talking about doing anything imminently.
U.S. stocks finish at Tuesday’s low as investors contend with worries about the strength of the U.S. economy and political developments in Europe that are weighing on government bonds.
Key indexes closed at or near session lows in the stock market today, after three days of solid gains for the Dow Jones Industrial Average.
Financial shares led U.S. stocks lower on Tuesday to end a three-day rally as investors awaited comments from Federal Reserve Chair Jerome Powell at the end of the week. The S&P 500 financial index dropped 1.4% and the group weighed most heavily on the benchmark index among its major sectors, which all registered losses. The S&P 500 is now 4.1% shy of its record closing high in July after having fallen as much as 6.2% below that level.
U.S. stocks finished lower on Tuesday as geopolitical jitters and U.S. economic concerns hung over investors ahead of the Federal Reserve's Jackson Hole symposium at the end of the week. The S&P 500 fell 0.8% to end around 2,901. The Dow Jones Industrial Average shed 173 points, or 0.7%, to end near 25,962, based on preliminary numbers. The Nasdaq Composite slipped 0.7% to finish around 7,949. Fears over Italy's political situation grew after Prime Minister Giuseppe Conte resigned following a spat with Matteo Salvini, leader of the League party. In the U.S., President Donald Trump lambasted the Federal Reserve for failing to slash interest rates. The 10-year Treasury note yield fell 4.6 basis points to 1.557%. Bond prices move in the opposite direction of yields. In company news, shares of Home Depot Inc. rose more than 4% after its earnings beat analysts' expectations.
DOW UPDATE Behind declines for shares of Dow Inc. and American Express, the Dow Jones Industrial Average is falling Tuesday afternoon. The Dow (DJIA) was most recently trading 152 points (0.6%) lower, as shares of Dow Inc.
President Donald Trump said Tuesday his administration is looking at tax cuts, including cutting payroll taxes. Trump's comment follows a late-Monday Washington Post report that the administration was considering a temporary payroll tax cut. The White House said cutting payroll taxes wasn't under consideration, and Trump on Tuesday did not put any time frame on such a cut. But he said, "payroll taxes is something I have been thinking about. Many people would like to see that." The president also repeated his desire for the Federal Reserve to cut interest rates. "If the Fed would do its job, we'd have a tremendous spurt of growth," Trump said in remarks alongside the president of Romania at the White House.
FIRE refers to the “financial independence, retire early” movement bubbling up in the younger generation these days as a pathway out of the grind — slash expenses, save a bundle and enjoy the freedom that approach ultimately allows. Using the name FluffayPenguin, one anonymous thirtysomething took to Reddit to illustrate his FIRE blueprint, which allowed him to graduate college in 2008 and build a small chunk of change all the way up to $930,000 in savings.
The Hayman Capital Management fund manager talked to CNBC about how monetary easing is catching fire around the world and will eventually bring U.S. interest rates all the way down to zero.
Big losses in energy, materials and financials make sense if investors are worried about a slowing economy. But consumer staples? Not so much.
DOW UPDATE Behind negative returns for shares of Dow Inc. and American Express, the Dow Jones Industrial Average is falling Tuesday afternoon. The Dow (DJIA) was most recently trading 72 points, or 0.
Indexes were modestly lower Tuesday afternoon as the stock market paused after two days of solid gains. Leading stocks outperformed the market.
Wall Street's main indexes edged lower on Tuesday after three sessions of gains, as lower Treasury yields weighed on financial stocks, offsetting a boost from Home Depot's better-than-expected quarterly earnings. "Markets have been extremely strong over the past few days, so there is a little bit of profit taking," said Gary Bradshaw, portfolio manager with Hodges Funds in Dallas. "Home Depot's earnings show that people are continuing to invest in their homes, a positive for Wall Street and the U.S. consumer," Bradshaw said.
Home Depot is one of the biggest companies in the United States and a stock leader on the Dow Jones industrials, but is Home Depot stock a buy right now?
The three major U.S. stock market indexes hovered around level as investors appeared to be waiting on the latest minutes from the Federal Reserve on Wednesday and Chairman Jerome Powell’s speech on Friday in Jackson Hole, Wy.