|Day's Range||2,721.88 - 2,742.24|
|52 Week Range||2,393.88 - 2,872.87|
Yahoo Finance's LIVE stock market coverage and analysis.
This week’s economic calendar can best be defined as manufacturing-centric. Away from the FOMC minutes, scheduled for release on Wednesday afternoon, and Chair Jerome Powell’s scheduled talk on Friday morning, investors will be keeping a close eye on a sector of the economy that many had given up on — at least until November 2016. Today we got the Chicago Fed National Manufacturing Index, which surprised to the upside with a big revision to the prior month.
A stronger dollar and rising U.S. Treasury yields have put the hurt on Turkey and Argentina. The U.S. dollar, measured via the ICE U.S. Dollar Index (IFUS:DX-Y.NYB), a gauge of the greenback against a basket of six major rivals, has jumped 3.9% since the end of the first quarter, having hit a string of 2018 highs in May. It’s up 1.6% in 2018, after dropping almost 10% in the previous year. This resurgence in the greenback paired with the Federal Reserve’s gradual path to monetary policy normalization makes dollar funding more expensive for emerging market borrowers.
U.S. stocks mostly dipped on Tuesday as investors weighed comments on trade talks between the United States and China and as energy and industrial shares fell. U.S. President Donald Trump said he was not pleased with the recent U.S.-China trade talks and also raised doubts about the upcoming North Korea summit.
By Laila Kearney New York (Reuters) - World stock markets were little changed on Tuesday as Wall Street investors locked in recent gains even as European shares approached four-month peaks and China moved ...
Want to know why the Dow Jones Industrial Average is doing what it's doing? The Dow Jones Industrial Average has dropped 62.61 points, or 0.3%, to 24,950.68, while the S&P 500 is up 0.1% to 2736.08 and the Nasdaq Composite has advanced 0.1% to 7404.01. About the only exciting thing going on is the rout in retail stocks—the SPDR S&P Retail ETF (XRT) has slumped 1.4% to $46.11 following earnings from Kohl's (KSS), AutoZone (AZO), and Advance Auto Parts (AAP)—but the sector is too small these days to move the needle all that much.
Investors in GameStop, who have seen the company’s shares underperform the S&P 500 steadily over the last 5 years—including a 30% drop in 2018—would probably welcome a sale at this point. The possibility of a leveraged buyout might make mathematical sense, Loop Capital investors wrote Tuesday, but the prospect of one is still “questionable”—even as a more strategic takeout is even less likely. The problems facing the Barron’s Next 50 company are substantial.
Wall Street gave up earlier gains and were little changed on Tuesday afternoon after U.S. President Donald Trump said he was not pleased with the recent U.S.-China trade talks and also raised doubts about the upcoming North Korea summit. Trump said the China trade talks "were a start" and that there was no deal with China on ZTE Corp. Trump has adopted a more conciliatory stance in the China talks as North Korea, whose chief ally is Beijing, has called into question a summit planned for next month in Singapore.
Correlations, or the degree to which two different securities move in tandem, could be prone to spikes, which would create a trading environment where stocks broadly move in the same direction, regardless of their individual or underlying fundamentals. While broad-market correlations have been receding since February, major indexes have at the same time been taking their cue from technology stocks, which have led the market higher for years and could just as easily lead it lower. “Increasing stock correlations within equities are additionally making it harder for investors to look for diversification by simply investing in equities.