|Day's Range||2,612.86 - 2,653.19|
|52 Week Range||2,346.58 - 2,940.91|
Jackie Robinson's original contracts are going up for auction. Yahoo Finance's Adam Shapiro and Dan Roberts discuss with Goldin Auctions founder, Ken Goldin.
Investors continue to operate in a drought of data on the U.S. economy thanks to the partial federal government shutdown, which a top White House adviser said could see growth come to a halt this quarter. The yuan held overnight gains ahead of key trade talks next week. Trading in Jardine Matheson Holdings Ltd., the storied trading company, offered some excitement in Singapore when it plunged as much as 83 percent, though traders said the move suggested a fat-finger error.
Asian shares were subdued on Thursday as political uncertainty in the United States and worries about weakening global economic growth left investors wary of riskier assets. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.1 percent. Australian shares were flat while Japan's Nikkei was last down almost half a percent after moving between positive and negative territory.
Asian shares were subdued on Thursday as political uncertainty in the United States and worries about weakening global economic growth left investors wary of riskier assets. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.1 percent. Australian shares (.AXJO) were flat while Japan's Nikkei (.N225) was last down almost half a percent after moving between positive and negative territory.
Billionaire hedge-fund manager David Einhorn’s Greenlight Capital Inc. faced a wave of redemptions in recent months, pushing his assets below $3 billion. Mr. Einhorn’s hedge-fund firm now manages about $2.5 billion, Greenlight told clients Tuesday evening at the firm’s annual meeting at the American Museum of Natural History in New York. The drop marks a new low for one of Wall Street’s most well-known hedge funds.
Some investors complain the Trump administration is too eager to jump into the fray when markets fall with comments aimed at reassuring investors on trade talks and other market-sensitive issues.
The giant hedge funds that treat stocks like a plaything, or individual stock investors who pick the stocks of good companies to invest in and own-not rent-but own them. The giant hedge funds, the ones that take the temperature of the market every day and make decisions based on one factor, the price of oil, which is almost entirely hostage right now to the trade talks with China. Oil declined today because there was no news about the trade talks an no news is bad news.
"There's total inconsistency in the underlying earnings data," says Credit Suisse's top strategist, Jonathan Golub. "The revenues are knock-the-lights-out good, and the margins are horrifically bad, based on Wall Street consensus expectations," he says. Credit Suisse's top strategist told CNBC on Wednesday the one thing that he is most concerned about as markets stage a comeback.
Allianz Global Investors U.S. Investment Strategist Mona Mahajan says cash and other alternatives are “a great way to diversify your portfolio” seeing as interest rates have hovered around 3 percent. Yahoo Finance’s Alexis Christoforous speaks to Mahajan.