|Day's Range||27,517.67 - 27,714.39|
|52 Week Range||21,712.53 - 27,774.67|
Stocks pared earlier losses and the Dow pushed into positive territory as Walgreens (WBA) and Boeing (BA) shares jumped. Earlier, equities had retreated from Friday’s record levels as concerns over trade and protests in Hong Kong flared up.
The Dow Jones Industrial Average is fresh off ringing up its ninth all-time high of 2019 but further records for the market may hinge on a series of speeches by arguably the most important catalysts for the stock market.
A “fear of missing out” triggered a huge switch by fund managers from cash into stocks, according to a survey conducted by Bank of America Merrill Lynch released on Tuesday.
Stocks typically rise between Thanksgiving and Christmas, but other months perform better, writes Mark Hulbert.
European stocks edged higher on Tuesday ahead of a critical speech on China trade relations from President Donald Trump, supported by generally well-received earnings.
The stock market rally showed resilience Monday, with Tesla, Lululemon and Acadia Pharmaceuticals clearing buy points. AMD, JD.com and Alibaba held in buy zones.
U.S. stock futures rise slightly Tuesday as investors await a speech from Donald Trump in which he is likely to discuss trade talks between the United States and China; Disney+ launches Tuesday; CBS, Tilray and Tyson Foods report earnings.
U.S. equity futures edged higher Tuesday, while global stocks traded firmly in positive territory, as investors awaited a key speech from President Donald Trump that could define his administration's position on U.S.-China trade talks and a long-simmering dispute over auto tariffs with the EU.
Based on Monday’s price action and the close at 27658, the direction of the December E-mini Dow Jones Industrial Average on Tuesday is likely to be determined by trader reaction to the 50% level at 27538.
WeWork’s junk bonds slid to a record low of about 78 cents on the dollar Monday after its reliance on controversial financial metrics was thrust back in the spotlight and reports emerged that WeWork may want T-Mobile CEO John Legere as its chief executive
Boeing added more than 100 points to the Dow, pushing the Index to a small gain Monday. It was news of more delays that led to the jump because everyone was ready for something worse.
The S&P 500 and Nasdaq closed slightly below the break-even line on Monday, while the Dow Jones Industrial Average was able to eke out a gain on the back of Boeing’s rise. U.S. stocks started the week off lower on concerns over the increasingly violent Hong Kong protests and doubts about the outlook for a U.S.-China trade deal. The Dow Jones Industrial Average gained 10.25 points, or 0.04%, to 27,691.49, while the S&P 500 lost 6.07 points, or 0.20%, to 3087.01 and the Nasdaq Composite dropped 11.04 points, or 0.13%, to 8464.28.
U.S. stock market benchmarks came off intraday lows on Monday after Boeing said its grounded 737 Max fleet could see a return to service early next year
The S&P 500 and Nasdaq stock indexes fell from record highs on Monday as uncertainty about progress in U.S.-China trade talks again rose to the fore following comments by President Donald Trump, while a jump in Boeing shares helped the Dow Jones Industrial Average eke out a slim gain. Investor hopes of a "phase one" trade deal have been a key factor supporting stocks recently, but Trump said on Saturday that the United States would only make a trade deal if it was the "right deal" for America, adding that the talks had moved more slowly than he would have liked.
The dollar slid and global equity markets fell on Monday after U.S. President Donald Trump's remarks over the weekend dashed investor optimism that Washington and Beijing would soon reach a deal to end their debilitating trade war. Moody's warning on Britain's sovereign debt weighed on shares in London, while escalating violence in Hong Kong led Asian equities to their biggest daily decline since August, boosting demand for the safe-haven yen and Swiss franc. Trump said on Saturday that the U.S.-Sino trade talks were moving along "very nicely" but more slowly than he would have liked.
U.S. stocks mostly ended lower Monday as comments from President Donald Trump over the weekend sparked some concern about a partial pact with China and the U.S. on trade. However, gains in Boeing Co. , helped the blue-chip Dow Jones Industrial Average avoid a finish in negative territory, amid reports that the aviation and defense contractor will resume deliveries of its controversial 737 MAX as soon as January. Dow component Boeing contributed more than 112 points to the index, with a dollar gain in any one of the 30 Dow components translating to a 6.8-point swing in the stock-market gauge. The Dow closed less than 0.1% at 27,691. Equity benchmarks had been under pressure on the day as Trump over the weekend said discussions with China and the U.S. were going "very nicely," but cautioned that recent reports about an agreement to roll back tariffs, as a part of a preliminary trade resolution, weren't accurate. The Dow marked its ninth record finish this year. Meanwhile, the S&P 500 index closed 0.2% lower at 27,691, while the Nasdaq Composite Index finished 0.1% lower at 8,464. (All closing levels are on a preliminary).
Boeing is giving the Dow Jones Industrial Average some nice support, and other indexes are not showing bearish declines. Watch these five growth stocks.
Gold futures on Monday finish solidly lower to start the week, as appetite for the perceived safety of assets like precious commodities continued to unravel
The S&P 500 and Nasdaq stock indexes slipped from record highs on Monday as uncertainty about progress in the U.S.-China trade talks again rose to the fore following comments by President Donald Trump, while a jump in Boeing shares helped the Dow Jones Industrial Average eke out a gain. Investor hopes of a "phase one" trade deal have been a key factor supporting stocks recently, but Trump said on Saturday that the United States would only make a trade deal if it was the "right deal" for America, adding that the talks had moved more slowly than he would have liked.
(Bloomberg Opinion) -- It’s been three years now since Donald Trump was elected president, which means it’s been three years of listening to Donald Trump bragging about how great the stock market is doing. Contrary to one now-infamous pre-election prediction, it has done quite well.The Dow Jones Industrial Average, Standard & Poor’s 500 Index and other market indices are of course imperfect economic indicators. They reflect investors’ beliefs about how well publicly traded corporations are doing and will do in the future, not necessarily the reality of how publicly traded corporations are doing — or of how well the rest of us are doing. The indices most cited in the media also mainly reflect the fortunes of the largest corporations; even as the Dow and S&P 500 have been setting new records lately, the small-cap Russell 2000 is down 9% from its peak in August 2018.Still, the advantage of the S&P 500 as a performance indicator is that it is (1) frequently updated, (2) available back to 1926(1) and (3) not subject to measurement error in the way that, say, the unemployment rate or GDP are. Investors might turn out be wrong, but the index itself simply is what it is.So here’s the total return on the S&P 500, adjusted for inflation, for the first three years after the initial election of every president since Herbert Hoover:Some prefer to track stock market performance from Inauguration Day, and CNN has a handy online tracker that already does this for Trump and the last few presidents. Trump argues that one should measure from Election Day, and while he surely does so mainly because it makes him look better, he also happens to be right. Market indices are forward-looking metrics, and were already reflecting investors’ opinions on a Trump presidency on Nov. 9, 2016.Using this approach left the question of how to measure performance under Harry Truman and Lyndon Johnson, who took office after the deaths of their predecessors and were subsequently elected. I decided to go with performance from Election Day, but I think the other approach would be equally valid. As for Gerald Ford, he was neither elected nor served for three years, so there was no place for him in this ranking.Total return measures how much an investment in the companies in the S&P 500 Index would grow if dividends were reinvested in those companies as they were paid out. Dividends were a much bigger part of investor returns before World War II, and even before the 1990s, so any comparison that excludes them overstates market performance under recent presidents. Any comparison that ignores inflation, meanwhile, understates the awfulness of the 1970s stock market and overstates the goodness of the 1980s market.Stock market performance in first three years since Trump’s election, then, ranks fourth among the 14 elected presidents since Herbert Hoover. That’s pretty good! It’s worth noting, though, that there’s not a whole lot separating him from John F. Kennedy, Bill Clinton and George H.W. Bush. A bad week or two, and he could easily fall to eighth place. On the other hand, falling to ninth would take some work, as would catching up to Dwight Eisenhower for third. Put into letter grades, I’d give the market’s performance since Trump’s election a solid B.What really stands out from this list is how great the 1950s were for stock market investors. The three-year return was higher for Franklin Roosevelt than for Eisenhower and Harry Truman, but prices had just fallen 80% in the four years before he was elected, and they began falling again in 1937. The 1950s bull market, the great market chronicler John Brooks wrote in 1958, “was by practically any statistical standard the greatest boom on record.” If you go by total return and adjust for inflation, perhaps it still is.(1) That's when Standard Statistics started the daily market index that was the precursor to the S&P 500. Yale economist Robert Shiller has constructed a monthly S&P 500 Index going back to 1871, and it is thus possible to construct rough estimates of total return going back to the Rutherford Hayes presidency, but it would take a lot more work on what is a borderline-silly exercise already, so …To contact the author of this story: Justin Fox at email@example.comTo contact the editor responsible for this story: Sarah Green Carmichael at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Justin Fox is a Bloomberg Opinion columnist covering business. He was the editorial director of Harvard Business Review and wrote for Time, Fortune and American Banker. He is the author of “The Myth of the Rational Market.”For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Shares of Netflix Inc. rallied 1.5% toward an 8-week high, as investors appear to be taking Tuesday's launch of Walt Disney Co.'s rival Disney+ streaming service in stride. Netflix's stock has now gained 3.0% this month, which also included the launch of Apple Inc.'s rival service Apple TV+ on Nov. 1. Apple's stock rallied 0.6%, putting them on track to close at a record high, and has climbed 5.2% this month. Disney's stock fell 1.1%, but had run up 3.8% on Friday on the back of upbeat third-quarter results. Disney shares have tacked on 5.0% this month.
Gold futures settled firmly lower Monday, driving the yellow metal to the weakest level level in about three months. December gold concluded the session off $5.80, or 0.4%, at $1,457.10, marking the lowest finish for the most-active contract since early August, according to Dow Jones Market Data. A recent resurgence in equity markets, notably the Dow Jones Industrial Average and the S&P 500 index , have sapped demand for gold and assets perceived as havens, including Treasurys. Indeed, rising yields, which move inversely to prices, with the 10-year Treasury note at 1.94%, can compete against gold, which doesn't offer a coupon.