|Day's Range||2,827.88 - 2,834.68|
|52 Week Range||2,417.35 - 2,872.87|
Stocks on Monday fell for a fourth straight day and will look to get a jumpstart from Home Depot and Tapestry, both reporting earnings before the market open on Tuesday.
Yahoo Finance’s Jared Blikre breaks down all the market action.
Shares of Electronic Arts Inc. (ea) slid 1.1% in morning trade Tuesday, after the digital interactive games developer disclosed that Chief Design Officer Patrick Soderlund will leave, effective Oct. 30, after two decades with the company. In a blog post on the company's website, the company said Soderlund was leaving to "begin a new chapter later this year." Among changes being made as a results of Soderlund's departure, the company said its SEED team, led by Johan Andersson, will join its studios group, and that it was welcoming Jason Wozencroft to its studios team to lead a unified user experience approach for games and services. "We're going to lean into the talent and expertise that all of our teams bring, and collectively own creative at Electronic Arts as a central element of our strategy going forward," Chief Executive Andrew Wilson wrote in the blog post.
(Reuters) - U.S. stocks opened higher on Tuesday on the back of healthy earnings reports and a recovery in Turkish currency, which snapped its three-week slide. The Dow Jones Industrial Average rose 27.99 ...
U.S. stock indexes opened modestly higher early Tuesday after the steep drop in the Turkish lira seen over the past few days lost momentum, easing concerns that the country's currency crisis had further room to run. The S&P 500 (spx) rose 7 points, or 0.3%, to 2,829. The Nasdaq Composite Index (comp) opened higher by 26 points, or 0.3%, to 7,846.
U.S. stocks opened higher on Tuesday on the back of healthy earnings reports and a recovery in Turkish currency, which snapped its three-week slide. The Dow Jones Industrial Average rose 27.99 points, ...
Shares of Perry Ellis International Inc. (pery) sank 5.2% in morning trade Tuesday, after the apparel and accessories company said it terminated discussions with Randa Accessories Leather Goods LLC regarding Randa's $28.90-per-share buyout proposal, and said it remains committed to the $27.50-per-share bid led by founder George Feldenkreis. Perry Ellis said after discussions with its "key inbound licensor," it became clear that the precondition to Randa's proposal is not likely to be satisfied, and Randa is not prepared to waive the precondition. "As such, the special committee determined to terminate discussions with Randa regarding its proposal," Perry Ellis said in a statement.
The issues in Turkey are likely to keep a ceiling on the S&P 500 of around 2,850, according to Patrick Schaffer, global investment strategist at J.P. Morgan Private Bank.
The European Central Bank will have the back of those banks over-exposed to the lira. Greece, Cyprus, Spain and Portugal bear witness, Mario Draghi's ECB is not afraid to go where it has to in order to ensure stability. has not yet suffered the same fate, as the January highs for that group still proves to be a scene out of "Operation Market Garden." (Let's see how many of you get that one.) When most folks refer to "the market," as in "the market was up or down x number of points today," they refer to the S&P 500, the broadest and supposedly most well-rounded large-cap index that our financial marketplace has to offer.
U.S. stock-index futures on Tuesday appear set to rebound, following the path of Europe’s equity benchmarks, as a series of worrisome declines in Turkey’s currency moderated somewhat.
Professional investors have suddenly turned optimistic about U.S. stocks again, with bullish sentiment fed by an especially buoyant earnings season that is offsetting other concerns. Domestic equities are holding the biggest portfolio weight since January 2015, according to the August Bank of America Merrill Lynch Fund Manager Survey.
Professional investors have the biggest portfolio weighting to U.S. stocks in their portfolios since early 2015, according to the latest Bank of America Merrill Lynch Fund Manager Survey. Professional investors have suddenly turned optimistic about U.S. stocks again, with bullish sentiment fed by an especially buoyant earnings season that is offsetting other concerns. Domestic equities are holding the biggest portfolio weight since January 2015, according to the August Bank of America Merrill Lynch Fund Manager Survey, a look at where 243 pros who manage $735 billion are putting their money.
from a record low and its stock market recovered, providing some respite for investors’ frayed nerves. There were, however, few signs of Turkey backing away from a confrontation with the US, which imposed economic sanctions against Ankara in a move that helped trigger the lira’s plight. Recep Tayyip Erdogan, Turkey’s president, urged his citizens to boycott Apple and other US technology companies in retaliation for those sanctions.
So far, 91% of the companies in the S&P 500 have reported their third-quarter earnings. Last week was mediocre for the market. The S&P 500 Index (SPY) fell 0.25% for the week ending August 10. Last week was average for most of the sectors in the index.
World share markets fought to regain their footing on Tuesday, as Turkey's lira pulled out of its recent nosedive and reassuring data from Germany helped offset the latest wobbles in China's giant economy. After three weeks of heavy pounding, Turkey's lira finally got some respite as signs the country's authorities were trying to address the situation triggered a 5 percent relief rally to 6.5 per dollar.
Tesla Inc. (tsla) said its board of directors has formed a special committee to evaluate Chief Executive Elon Musk's consideration to take the company private. The committee, which consists of three independent directors, said it has not yet received a formal proposal from Musk, and it has not yet reached any conclusion regarding the advisability or feasibility of a deal. "The special committee's grant of authority provides that no Going Private Transaction will be consummated without the approval of the special committee," the electric car company said in a statement.
Shares of Square Inc. (sq) are up 1.8% in premarket trading Tuesday after Instinet analyst Dan Dolev raised his price target to $86 from $82. Dolev is upbeat about Square's peer-to-peer Cash app, which he said now has more cumulative downloads than PayPal Holdings Inc.'s (pypl) Venmo. Through his analysis of downloads, he estimates the Square Cash is growing three times faster than Venmo.
An escalation of global trade tensions is still the biggest worry for global fund managers, according to Bank of America Merrill Lynch’s August survey.
BEIJING (AP) — Most global stock markets steadied Tuesday as worries subsided over Turkey's currency crisis and its potential impact on other countries.