|Day's Range||2,823.27 - 2,852.42|
|52 Week Range||2,346.58 - 2,940.91|
Talley Leger, OppenheimerFunds Investment Strategist, says markets are looking for a continued expression of dovishness from the FOMC, which could decide the direction of U.S. equities. Yahoo Finance’s Alexis Christoforous speaks to him, Jared Blikre and Scott Gamm.
Bitcoin breaks above $4,000, even as the CBOE pulls the plug on bitcoin futures trading. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Brian Kelly, Steve Grasso and Guy Adami.
Mark Newton, Newton Advisors, reacts to FedEx earnings. Is more trouble ahead for the transports? With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Brian Kelly, Steve Grasso and Guy Adami.
Wall Street braces for the Fed. Can the Fed juice the rally? With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Brian Kelly, Steve Grasso and Guy Adami.
Hong Kong and Australia saw modest declines. A rally in U.S. stocks Tuesday fizzled by the close amid concern China is pushing back on American trade demands. Two-year Treasury yields remain below the top of the Fed’s policy target range amid expectations of a dovish tone from the central bank, while the dollar ticked higher after three days of losses.
BANGKOK (AP) — Shares were mixed in Asia on Wednesday ahead of the Federal Reserve's policy statement. Fresh news on China-U.S. trade talks raised spirits, helping Chinese benchmarks to trim early losses.
Since the start of February, the India rupee has gone from levels above 71 against the dollar, to about 69.1 on Wednesday — the strongest since last August. Experts say the turn in fortunes for India's currency has largely been fueled by optimism in the country's upcoming elections, due to take place over April and May. Recent opinion polls showed that the ruling Bharatiya Janata Party and current Prime Minister Narendra Modi are on course to win, but analysts warn that the rupee's rally could be short-lived.
Asian shares slipped from six-month highs on Wednesday as investors took profits ahead of a policy decision by the U.S. Federal Reserve which is expected to shed more light on its interest rate plans for the rest of the year. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.4 percent, led by losses in Australia and South Korea. Japan's Nikkei was little changed while mainland Chinese shares fell 0.5 percent.
Dow Jones futures: The current stock market erased gains Tuesday, but two hot sectors continued to rally. Overnight, a 2018 IPO soared on earnings.
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The broad MSCI Asia ex-Japan index slipped 0.45 percent to 528.10, as of 12:32 p.m. HK/SIN. Overnight in U.S. markets, stocks were hit by a new wave of uncertainty on the U.S.-China trade front following a series of conflicting reports. Meanwhile, the U.S. Federal Reserve is set to announce its decision on interest rates later on Wednesday following its two-day monetary policy meeting.
There’s a feeling in markets that policy clarity is improving not just at the Fed, but also at central banks in Europe, Japan and China. Here are some thoughts from analysts and strategists on how to navigate markets through the Fed announcement. The euro has larger average and absolute moves -- 0.9 percent and +/- 1.2 percent, respectively -- than assets like the S&P 500 or 10-year Treasury yields when dots are lowered, strategists led by Kaiser wrote in a note Monday.
Supporting the U.S. stock markets early in the session were the start of the U.S. Federal Reserve monetary policy meeting. Going into Wednesday’s key Fed announcements, investors are pricing in zero chance of a rate hike. Additionally, investors aren’t looking for much change in the central bank’s monetary policy statement.
News that China might be backing away from trade promises caused gains from earlier in the day to evaporate. The Dow ended 0.10% lower at 25,887.38, while the S&P 500 slipped 0.01% to end at 2832.57. The Nasdaq Composite eked out a 0.12% gain to close at 7723.95.
Banks led stocks mostly lower on Wall Street Tuesday as the market gave up an early gain. Utilities and industrial companies also took losses, outweighing gains in health care, technology and consumer ...
The benchmark S&P 500 index ended little changed on Tuesday as investor optimism regarding the Federal Reserve's expected affirmation of its dovish policy stance was offset by reports of fault lines emerging in ongoing U.S.-China trade negotiations. Financial stocks weighed on all three major U.S. stock indexes, which gave up early gains following a Bloomberg report that China is pushing back against American demands in trade talks. The blue-chip Dow snapped a four-day winning streak, while the Nasdaq limped back into positive territory just before the closing bell.
Not only that, stocks are on track for their best quarter since soaring 15 percent in the July through September period of 2009. “The pain trade for stocks is still up,” Michael Hartnett, the chief investment strategist at Bank of America, wrote in research note Tuesday. The firm’s closely monitored monthly investor survey found that allocations are just a net 3 percent “overweight” to global equities, the lowest level since September 2016.
Research shows stocks tend to rally over the three-day period surrounding the conclusion of a Fed policy meeting — a fact investors should keep in mind in an increasingly algo-driven trading environment, says one market analyst.
A trading day Tuesday that saw the Indian rupee hit a seven-month high and then retreat offers a warning to investors about emerging markets.