|Day's Range||2,775.53 - 2,790.02|
|52 Week Range||2,532.69 - 2,940.91|
Stocks are in rally mode as all three of the major indices opened higher on Friday.
The market is bracing for volatility on election night, a change from recent midterm elections which traders expected to see come and go without a big swing.
On October 11–18, major energy ETFs had the following correlations with US crude oil December futures: the SPDR S&P Oil & Gas Exploration & Production ETF (XOP): 88.3% the Alerian MLP ETF (AMLP): 76.5% the VanEck Vectors Oil Services ETF (OIH): 74.4% the Energy Select Sector SPDR ETF (XLE): 42.9%
Stocks opened slightly higher Friday in an effort to bounce back from a Thursday selloff that saw the Dow Jones Industrial Average shed more than 300 points as investors fretted about global growth and geopolitical tensions. The S&P 500 rose 0.3% to 2,778, while the Dow was up 76 points, or 0.3%, to 25, 25,455. The Nasdaq Composite rose 0.5% to 7,524. Stocks found their footing as Chinese equities bounced back from the previous day's sharp fall, stabilizing after authorities attempted to soothe nervous investors and dispel worries over the country's trade conflict with the U.S.
(Reuters) - U.S. stocks opened higher on Friday on upbeat results from major U.S. companies such as P&G and Honeywell. The Dow Jones Industrial Average rose 41.64 points, or 0.16 percent, at the open to ...
U.S. stocks opened higher on Friday on upbeat results from major U.S. companies such as P&G and Honeywell. The Dow Jones Industrial Average rose 41.64 points, or 0.16 percent, at the open to 25,421.09. ...
AbbVie Inc. disclosed Friday that Chief Financial Officer William "Bill" Chase plans to retire in mid-2019, and will be succeeded as CFO by Robert Michael effective Friday. The stock slipped 0.7% in morning trade. Chase has been appointed executive vice president of finance and administration, also effective Friday. Michael, how has been the biopharmaceutical company's controller since March 1, 2017, will continue to report to Chase. Brian Durkin, who has been vice president of internal audit, was appointed controller. AbbVie's stock has lost 7.7% year to date, while the S&P 500 has slipped 1.0%.
J.P. Morgan's Marko Kolanovic told clients Friday that a combination of technical factors should lead to a market bounce during the session and into next week. "Given the rapid selloff yesterday, the reverting feature of yesterday's option hedging impact should have a positive market impact today," he said. Kolanovic has blamed the recent sell-off on so-called systematic strategies like risk parity funds and options hedging rather than fundamental forces.