|Day's Range||2,743.19 - 2,765.05|
|52 Week Range||2,405.70 - 2,872.87|
“It’s never right against wrong, good against evil. The issues are always right against right," Goldman Sachs CEO Lloyd Blankfein said.
Treasury yields retreated early Wednesday, a day after an escalation in the tit-for-tat trade skirmish between China and the U.S. drove investors to flee to the perceived safety of government paper. The 10-year Treasury note yield (XTUP:TMUBMUSD10Y=X) retreated by 3.2 basis points to 2.894%, while the 30-year bond yield (XTUP:TMUBMUSD30Y=X) fell 3.1 basis points to 3.023%. The two-year note yield (XTUP:TMUBMUSD02Y=X) edged 0.6 basis point lower to 2.549%.
SINGAPORE (AP) — Stock markets rose Wednesday as investors rallied around signs that the global economy was on track despite heated exchanges between the world's two largest economies over trade.
Paul Tudor Jones, a hedge-fund luminary, on Monday said the next economic downturn confronted by the U.S. could be an ugly one. “We’ll have monetary policy, which will exhaust really quickly, but we don’t have any fiscal stabilizers,” Jones said. Jones’s comments come after he told CNBC last week that stock market and bond yields are set for a ‘crazy’ rise.
General Electric will replace Walgreens Boots Alliance Inc., as one of the 30 components of the 122-year-old Dow Jones Industrial Average. Here’s what that means for one of the oldest equity benchmarks.
World stocks steadied near three-week lows on Wednesday and Chinese markets bounced after recent sharp falls as expectations grew that policy stimulus by Beijing could temper some of the impact from an escalating Sino-U.S. trade conflict. The dollar too eased off 11-month highs against a currency basket, Wall Street looked set for a stronger opening and MSCI's all-country equity index snapped a five-day run of losses, rising 0.3 percent. Its rebound was fuelled by a bounce of almost 1 percent in MSCI's non-Japan Asian shares off 6-1/2-month lows, following gains in Hong Kong, Seoul and mainland Chinese indexes.
Sally Beauty Holdings Inc. shares were down 3% in premarket trading after the retailer was downgraded to market perform from outperform at Cowen, and its price target slashed to $16 from $18. Cowen analysts led by Oliver Chen are concerned about traffic declines, execution risks from long-term initiatives, changes to the company's marketing spend and a new loyalty program. Sally Beauty is taking steps to turn around the business after "stagnant" results.
World stocks steadied near three-week lows on Wednesday and Chinese markets bounced after recent sharp falls as expectations grew that policy stimulus by Beijing could temper some of the impact from an escalating Sino-U.S. trade conflict. The dollar too eased off 11-month highs against a currency basket (.DXY), Wall Street looked set for a stronger opening and MSCI's all-country equity index snapped a five-day run of losses, rising 0.3 percent .
Futures for Canada's main stock index were higher on Wednesday after ending down in the previous session, led by a drag in the energy sector on Tuesday. June futures on the S&P/TSX index were up 0.27 percent ...
U.S. stock futures rise on Wednesday though investors remain cautious amid the deepening trade dispute between the U.S. and China; General Electric gets booted from the Dow Jones Industrial Average; Starbucks ...
Dow futures have a small spring in their step today, hinting at a comeback after the blue-chip gauge’s six-session skid. Or the nascent rally could stem from trade-war fears easing, though MarketWatch’s Mark Hulbert doesn’t buy that kind of explanation. “On the daily ‘500’ chart, note the backtest of the breakout area near 2,740,” the Arbeter Investments president writes in a note to clients, as he shares the illustration below.
Micron Technology Inc. faces many questions when it reports earnings, with the most important focusing on concern that memory-chip prices have wandered too high even amid continued strong demand from data centers. Micron (MU) is expected to report earnings after the bell on Wednesday. Chinese regulators launched a probe into memory chip makers like Micron, Samsung Electronics Co Ltd. (005930.KS) and SK Hynix Inc. (000660.KS) earlier this month.
Shares of motor home maker Winnebago industries Inc. jumped more than 10% in premarket trade Wednesday, after the company blew past earnings estimates for its fiscal third quarter. The company, which also makes boats, said net products performed well, while cost savings helped combat inflationary pressures. The company is expecting continued input cost pressure in the fourth quarter and will continue to work on cost savings.
U.S-China trade tensions keep investors on edge, however, and safe-have flows active. GE weakens on demotion from the Dow. Global stocks recovered Wednesday, with Asia shares boosted by the prospect of central bank support from China, even as investors remain cautious amid the deepening trade dispute between Washington and Beijing.
Shares of retailers are enjoying their biggest rally in years, an unexpected turnaround fueled by strong earnings, buoyant consumer confidence and a nationwide shopping spree. The SPDR S&P Retail ETF is up 11% this year, more than tripling the S&P 500’s 3.3% gain. The sector’s big gains represent an abrupt reversal from previous years, when competition from e-commerce giants like Amazon pounded many traditional retailers, everything from teen apparel to companies making auto accessories.
Cboe is making changes to a monthly auction that determines final prices of futures tied to the VIX. Because the VIX tends to rise when stocks fall, and vice versa, its derivatives are popular among traders to hedge portfolios or bet on the future direction of market volatility. Fears of regulatory scrutiny have swept trading desks as lawsuits emerged over Cboe’s marquee VIX products.
The Dow is riding a six-day losing streak, its longest since an eight-day skid in March 2017, and the S&P 500 has fallen for three straight days and four of the past five. General Electric (GE) is being removed from the Dow after being included in the 30-stock index for 111 years. It will be replaced by drugstore chain operator Walgreens Boots Alliance (WBA) before the open on June 26.
Stock futures pointed to a firmer start for Wall Street Wednesday, as worries about a U.S.-China trade war appeared to ebb for now, tempting some investors to wade into a market that took a hard hit on those concerns a day earlier. Investors were also looking ahead to comments by Federal Reserve Chairman Jerome Powell and existing home sales data.. Dow Jones Industrial Average futures (YMU18.CBT) rose 113 points, or 0.5%, to 24,828, while S&P 500 futures (ESU18.CME) added 9.05 points, or 0.3%, to 2,775.25.
For the past several days we've seen breadth claw its way back with the market, well, really with the Russell 2000. Because the small-caps -- the Russell 2000 -- did make t heir way back to green. Speaking of small-caps, it's been a while, so let's check in on the chart of the Russell 2000 relative to the S&P 500.
U.S. stock index futures rose ahead of Wednesday's open, as markets tried to reclaim some footing after losing significant ground in the previous session. Around 7:05 a.m. ET, Dow Jones industrial average futures rose 98 points, indicating a positive open of 101.79 points. U.S. stocks sank yesterday as trade tensions intensified, causing the Dow Jones industrial average to close down almost 300 points , having erased all of its gains for the year during the session.
Many business executives, management consultants, financial analysts, and investors have ransacked lists of thriving companies, looking for shared characteristics that explain their success. The fallacy of selecting traits after identifying successful companies is known by a variety of names, including the “Feynman Trap” and the “Texas Sharpshooter Fallacy.” This latter fallacy supposes that a self-proclaimed (Texan) marksman shoots a bullet at a blank wall and then draws a bullseye around the bullet hole. In the same way, any group of companies (great, good, or bad) will inevitably have several common characteristics.
Hedge Funds eked out a small gain in May as a strong showing by activist funds was offset by jitters in emerging markets.