^GSPC - S&P 500
| Previous Close | 2,768.78 |
| Open | 2,775.66 |
| Volume | 2,467,481,149 |
| Day's Range | 2,760.27 - 2,797.77 |
| 52 Week Range | 2,532.69 - 2,940.91 |
| Avg. Volume | 3,288,244,687 |
Bloomberg•1 hour agoAsian Stocks Reverse Losses as China Rallies: Markets Wrap
The Shanghai Composite Index surged more than 4 percent, on track for its biggest gain since March 2016, buoyed by verbal support from authorities and plans to cut personal income taxes to support an economy showing strains from the trade war. Speculation of intervention from China’s “National Team” of state-backed funds together comments from the heads of the central bank, banking and insurance regulator, and securities regulator lifted stocks Friday from a four-year low. Chinese President Xi Jinping also vowed “unwavering” support for the country’s private sector.
- Reuters•2 hours ago
Morning News Call - India, October 22
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- Reuters•2 hours ago
Global Markets: Asia shares pare losses as China rallies on stimulus hope
Asian share markets pared early losses on Monday as Chinese stocks swung higher for a second session and helped offset geopolitical concerns over Saudi Arabia, Italy and Brexit. MSCI's broadest index of Asia-Pacific shares outside Japan turned around to edge up 0.2 percent. Japan's Nikkei was off 0.2 percent, after being down over 1 percent earlier, as were South Korean stocks.
- Reuters•3 hours ago
GLOBAL MARKETS-Asia shares pare losses as China rallies on stimulus hope
Asian share markets pared early losses on Monday as Chinese stocks swung higher for a second session and helped offset geopolitical concerns over Saudi Arabia, Italy and Brexit. Blue chips in Shanghai climbed 3.5 percent in early trade there, extending Friday's bounce on Beijing's pledge of support for the economy and companies.
- Reuters•5 hours ago
GLOBAL MARKETS-Asia shares slip amid anxiety on earnings, politics
Asian share markets fell anew on Monday as investors braced for the peak of the U.S. earnings season while angst over Saudi Arabia, Italy and Brexit kept geopolitics front and centre. Helped by a strong economy and deep corporate tax cuts, S&P 500 earnings per share are expected to grow 22 percent in the third quarter, according to I/B/E/S data from Refinitiv.
- The Wall Street Journal•5 hours ago
[$$] Bull Market’s Latest Hurdle: Slowing Sales Growth
Revenue growth at U.S. companies is slowing, stirring concern that a corporate-profit boom that has driven the Dow Jones Industrial Average and other major stock indexes to dozens of records in 2018 is in jeopardy. Firms from asset manager BlackRock Inc. to computing giant International Business Machines Corp. this month have reported disappointing quarterly sales, citing such factors as cautious customers, rising costs and a stronger dollar. The S&P 500 has shed 4.8% over the past month, driven by concerns about rising interest rates and trade disputes that pushed investors to dump technology stocks and shares of other fast-growing companies.
- FX Empire•6 hours ago
E-mini S&P 500 Index (ES) Futures Technical Analysis – Strengthens Over 2768.25, Weakens Under 2748.50
Based on Friday’s close at 2767.50 and today’s early price action, the direction of the December E-mini S&P 500 Index on Monday is likely to be determined by trader reaction to the short-term 50% level at 2768.25.
- CNBC•8 hours ago
Why an investor thinks US growth could push rates as high as 4.5%, and send stocks crashing
A Federal Reserve turned hawkish and a Treasury Department keeping bond markets well supplied have carried yields to their highest levels in seven years. "I calculate fair value at around 4.5 percent in the 10-year," Jack Ablin, founding partner and CIO at Cresset Wealth Advisors, told CNBC's " Futures Now " on Thursday. A run up in interest rates could derail growth, making it more expensive for consumers to borrow while raising debt costs for companies.
- MarketWatch•9 hours ago
This troubling trend may wreak havoc on the stock market, analysts warn
Corporate earnings over the past two weeks gave investors an injection of much-needed good cheer, with most of the roughly 20% of S&P 500 companies to report thus far bearing expectations. Yet these positive numbers may mask some troubling signs, analysts say.
- Barrons.com•10 hours ago
Caterpillar, Microsoft, Verizon, 3Q GDP: The Week Ahead
It’ll be a heavy week for earnings reports, and the Bureau of Economic Analysis will release its preliminary estimate of third-quarter GDP.
Motley Fool•16 hours ago3 Things to Watch in the Stock Market This Week
Reports from Amazon, McDonald's, and iRobot are some of the most anticipated earnings announcements set to publish over the next few trading days.
- MarketWatch•17 hours ago
With crude around $70, it’s time to sell your oil stocks
The energy sector has been whipsawed by headlines lately, and many investors can’t decide whether to buy or sell oil stocks. When oil (CLX8) raced up to a new 52-week high of more than $76 to start October, many thought things looked great. Then as U.S. oil supplies rose and as OPEC production rose, things didn’t look so hot.
- Investing.com•17 hours ago
Economic Calendar - Top 5 Things to Watch This Week
Investing.com - The week ahead marks one of the busiest ones of the third-quarter earnings season on Wall Street, with names like Amazon, Google parent Alphabet, Boeing and McDonald's all set to report in the coming days.
- MarketWatch•yesterday
Investors weigh whether to ditch stocks for bonds as yields finally offer an alternative
Rising bond yields are putting an end to the “there is no alternative” mantra that provided a pillar of support for stocks. But it might be too soon to underweight equities just yet, some investors argue.
Bloomberg•2 days agoGoldman Says Stocks May Drag on U.S. Growth
“The stock market is likely to turn from a significant contributor to strong growth at the start of the year into a modest drag next year, barring a further rebound in equity prices,” Goldman Sachs economists including Daan Struyven and Jan Hatzius wrote in a note Friday. The run-up in the equity component of the Goldman Sachs Financial Conditions Index drove most of the 185 basis points of easing from the start of 2017 to late January, the index’s record low, according to the report.
Bloomberg•2 days agoGoldman Sachs Defends Tech Stocks, Says Many Now Look Cheap
Elevated valuations and crowded positioning have been blamed for the waning leadership of the market’s biggest industry, along with everything from rising bond yields to corporate earnings. The truth is, computer and software makers are cheaper than they’ve been historically, and fund managers currently hold fewer tech stocks than their representation in benchmark indexes, according to Goldman strategists led by David Kostin. “Popularity has turned into concerns of overcrowding and outperformance has turned into concerns of overvaluation, ” Kostin wrote in a note earlier this week.
- CNBC•2 days ago
Why one investor thinks the market need a 15 percent correction as a 'gut check' for the rally
"I think a good gut check to sentiment, like a 15 percent correction, might be just the ticket to extend this bull market," he added. To get into correction territory, the benchmark index would need to fall to 2,645, a level not seen since May. A 15 percent drop would take it negative for the year. Paulsen told CNBC a correction is necessary to reflect a changing market environment where rates are on the rise, earnings are peaking, and economic growth might slow.
- MarketWatch•2 days ago
5 companies that spent lavishly on stock buybacks while pension funding lagged
Even as corporate executives engage in a spree of share buybacks to spur stock prices higher, many have eschewed adding to their employee’s pension pots
- FX Empire•2 days ago
Stocks Mostly Mixed, but Dow Finishes Week Higher
Proctor & Gamble surged after reporting better-than-expected earnings. The company said it got a boost from strong beauty-product sales. A report from the National Association of Realtors showed on Friday that U.S. home sales fell in September by the most in over two years as the housing market continued to struggle despite strength across the broader economy.
Reuters•2 days agoWith market on edge, investors look to tech trio
The pressure is on for Amazon, Alphabet and Microsoft as they prepare to report quarterly results at a time when confidence in those market leaders looks increasingly fragile and in danger of derailing Wall Street's rally. After worries about higher interest rates sparked a steep sell-off in early October and again on Thursday, the S&P 500 remains down 5 percent from its Sept. 20 record high close, with top-shelf stocks including Amazon.com Inc (AMZN.O), Alphabet Inc (GOOGL.O), Netflix Inc (NFLX.O) and Facebook Inc (FB.O) showing little of their vitality from recent years. A quarterly report from Microsoft Corp (MSFT.O) on Wednesday after the bell, followed by Alphabet and Amazon late on Thursday, will influence sentiment across Wall Street.
- FX Empire•2 days ago
S&P 500 Weekly Price Forecast – stock markets stabilize
The stock markets overall stabilized in America during the week after the brutal selloff that we have seen. While we have not shown a lot of bullish pressure, we haven’t fallen any further either, which of course is crucial.
- FX Empire•2 days ago
S&P 500 Price Forecast – S&P 500 rallies to kick off the weekend
The S&P 500 rallied on Wednesday, testing the 2800 level. This is an area that was the beginning of rather significant resistance though, so we struggled to break above it. The question now is whether or not we can take it back?
- The Wall Street Journal•2 days ago
What’s News: Business & Finance
Facebook hired a former British deputy prime minister, Nick Clegg, as its top policy and communications executive, giving him the task of mending the social network’s image as it deals with closer political scrutiny.
- Barrons.com•2 days ago
Investors Are Watchful
Oct. 17: On a not seasonally adjusted basis, there were 106,100 total housing starts in September, slightly below our forecast of 108,200 starts. While the sharp decline in single-family permits in the South comes as no surprise, we’ll note that there was also a sharp decline in the West.
- Investing.com•2 days ago
Stocks - S&P Closes Flat Amid Earnings-Fueled Rally in Consumer Staples
Investing.com - The S&P 500 closed just below the flatline Friday as upbeat earnings from corporates helped ease investor jitters about global growth.
