|Day's Range||2,729.44 - 2,775.77|
|52 Week Range||2,532.69 - 2,940.91|
Futures on the S&P and Nasdaq were also seen relatively downbeat on Monday morning. U.S. stock index futures pulled back ahead of Monday's open, as investors kept a close eye on a potential slowdown in the Chinese economy and monitored simmering tensions between Saudi Arabia and the West. At around 4:30 a.m. ET, Dow futures were seen more than 134 points lower, indicating a negative open of 153 points.
Global stocks slipped Monday as investor worries continued about global trade tensions and prospects for economic growth. KEEPING SCORE: France's CAC 40 lost 0.3 percent in early trading to 5,079.25, while ...
Global stocks weaken as geopolitical and trade tensions keep investors cautious following last week's selling on Wall Street. Saudi Arabia has vowed to react to any punishment meted out following the disappearance of prominent journalist Jamal Khashoggi in Turkey last week. U.S. stocks set for more red at the open, with the Dow indicated 113 points lower at the bell and investors looking for Q3 earnings from Bank of America.
Futures contracts on the S&P 500 index fell 0.4 percent at 7:37 a.m. in London after the underlying gauge had its worst weekly slump since March 23 last week. Continued risk-off sentiment comes as White House economic adviser Larry Kudlow warned Sunday of “stern action” by President Donald Trump if Saudi Arabia is found responsible for journalist Jamal Khashoggi’s disappearance in Turkey.
A sharp pullback in stocks last week, including the S&P 500's (.SPX) biggest single-day drop since a market correction in February, has left investors questioning whether this could signal danger for the longest-ever bull run for U.S. equities. S&P 500 earnings are expected to rise 23.1 percent this year, according to I/B/E/S data from Refinitiv. “If you still think the corporate profit story is intact, you should be owning stocks here,” said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana.
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_10152018.pdf If you would like to receive this newsletter via email, please register ...
Stocks across the globe saw a sell-off last week, with Wall Street's major indexes seeing their worst weekly declines since March. With the U.S. earnings season currently underway, J.P. Morgan reported Friday that third-quarter figures exceeded analysts' expectations. The U.S.-China trade war continues to be in focus, along with concerns raised by President Donald Trump over the Federal Reserve's interest rate policy.
For months, U.S. stocks powered higher to records while most of the world’s markets crumbled, a divergence that analysts and investors said wouldn’t last. The factors that helped U.S. stocks to solidly outperform other global equity markets this year—a booming tech sector, and seemingly little concern for the pace of the Federal Reserve’s interest rate increases—faded sharply last week, when a sudden selloff left the S&P 500 down 5% for the month. The impact of escalating trade tensions between the U.S. and Chinese governments on the global economy has also hit stocks outside the U.S. hardest.
The hardest thing in investing is to harbor no bias. When you want to want to spot a major market bottom, look for the follow-through rally.
The man who called the latest sell-off believes earnings hold the key to saving the year's historic rally. According to Ned Davis Research's Ed Clissold, the market is going through a panic reaction due to a change in the Federal Reserve's posture on interest rates. "Currently, expectations are for 12 percent S&P 500 operating EPS [earnings per share] growth for 2019.
Third-quarter earnings season is here, with 54 S&P 500 components releasing results this week. The Federal Open Market Committee’s minutes from its September policy meeting will also be released.
According to the GuruFocus All-in-One Guru Screener, the following stocks have outperformed the Standard & Poor's 500 index over the past 12 months and were bought by gurus during the last quarter. Warning! GuruFocus has detected 5 Warning Signs with LIVN. LivaNova PLC (LIVN) has a market cap of $5.5 billion.
President Donald Trump has gone on the attack against the Federal Reserve , but it's highly unlikely the Fed will listen, at least one market observer says. Last week, Trump amped up his criticism of the Fed by calling its decision to hike rates "crazy" and "out of control." Markets are pricing in another increase in December, in what would be the ninth increase of a tightening cycle that began in late 2015. "Loco, crazy, fake, whatever you want to call it, I think that has zero impact on the Fed," said Michael Schumacher, head of interest rate strategy at Wells Fargo, on CNBC's " Futures Now " Thursday.
In the first quarter, the Fed looked past a tumble in the S&P 500 Index to tighten in March. For investors seeking fresh insight into the central bank’s thinking, Randal Quarles, the Fed’s vice chairman of supervision, may garner the most attention when he speaks on the economic outlook Thursday. The tumult in stocks, which pared their losses Friday, has helped reverse a surge in the benchmark 10-year Treasury yield to as high as 3.26 percent, a level last seen in 2011.
The 10-year U.S. Treasury yield should rise steadily into late 2019 because the Federal Reserve will probably hike rates every quarter through the end of next year, strategists led by John Normand wrote in a note Friday. “The bond market’s behavior and its contagion are symptomatic of late-cycle dynamics that will ratchet-up market volatility over the next year, leading most markets but equities to keep underperforming cash,” the strategists wrote. U.S. equities would be challenged by real cash rates in the range of 1 percent to 2 percent because that probably signifies a restrictive monetary policy setting that then weakens the economy and slows earnings growth, the strategists said.
U.S. Treasury yields snapped back on Friday as U.S. stocks rebounded from a steep sell-off earlier in the week. The rise in yields was fueled by investors who reversed their safe-haven buys of Treasurys during the height of the stock market sell-off. Bond yields move inversely to prices.
PNC Financial's Amanda Agati isn't ready to enter the bear camp despite a tumultuous week on Wall Street. Agati, who is the firm's co-chief investment strategist, believes a strong earnings season will revive the markets and boost confidence among investors. It came as J.P. Morgan Chase JPM kicked off earnings season with a beat.
Instead, we believe this is a correction within a major bull market. Is This The Beginning of the Next Bear Market or Recession? Because of the volatility in the market these first few days of October, coupled with the large sell-off in this week's trading sessions, some clients have asked if this is the beginning of a recession and a major bear market (i.e.
Corporate insiders are giving the stock market the benefit of the doubt, despite the market’s early-October plunge. For the record, I should stress that the insider trading to which I refer is the legal kind: transactions by a firm’s officers, directors, and largest shareholders, and reported promptly to the Securities and Exchange Commission. It’s possible by slicing and dicing the SEC data to come up with portfolios that, generally, have beaten the market by a significant margin.
When the Dow Jones Industrial Average (DJIA) declined 832 points on Wednesday, the worst S&P 500 (SPX) was information technology, which fell 5%. Here’s why investors are nervous about tech stocks. The Federal Reserve’s change of direction — it has increased the federal funds rate three times this year — has annoyed President Trump and is one of the factors leading to this weak’s significant pullback for stock prices.
The stock markets got an absolute bashing during this previous week, as the S&P 500 shows clearly on the weekly chart. We broke down through an uptrend line, and it looks as if the selling isn’t quite over with.
Stock markets continue to struggle a bit as global conditions deteriorate. We continue to see massive swings in both markets, and this of course means that caution is advised.
The mash-up of old and new media may not be a winning combination for the new S&P communication services sector index (.SPLRCL) as its highest fliers face regulatory threats and challenges to user growth. The reconstituted sector, which debuted at the end of September, includes telecom, internet, media and entertainment companies such as AT&T Inc (T.N), Walt Disney Co (DIS.N) and Twitter Inc (TWTR.N). Three of the five momentum stocks collectively known as FAANGs - Facebook Inc (FB.O), Netflix Inc (NFLX.O) and Google parent company Alphabet Inc (GOOGL.O) - make up roughly half of the new sector by market capitalization.