|Day's Range||2,709.54 - 2,730.09|
|52 Week Range||2,397.99 - 2,872.87|
As the U.S. Treasury yield curve gets flatter, many see a recession starting to appear. The question seems to be when rather than if it will happen.
President Trump says a summit with North Korea, planned for next month, may be delayed or not happen at all. Yahoo Finance’s Alexis Christoforous and Dion Rabouin have details.
Boom times have returned on Wall Street, at least for one trading desk. Goldman Sachs made $200 million in profit on a single day this February as calm in stock markets was shattered with a historic surge in volatility, according to people with knowledge of the move. The investment bank had positioned itself to benefit if the CBOE Volatility Index , the product sometimes called the 'Fear Index' because it reflects expectations of future volatility, climbed, said the people, who declined to be identified speaking about internal matters.
Global stocks pared losses and the dollar cut gains on Wednesday after the release of minutes from the Federal Reserve's May 1-2 meeting amid heightened concerns that setbacks to U.S.-China trade talks would undermine world economic growth. The remarks came a day after Trump said he was not pleased with U.S.-China talks, reversing a rally pegged to the White House's optimistic comments about the discussions over the weekend that led to a strong rally on Monday.
By Caroline Valetkevitch (Reuters) - The S&P 500 erased losses to trade little changed on Wednesday after minutes from the last Federal Reserve meeting suggested higher inflation may not result in faster ...
Most Fed policymakers thought it likely another interest rate increase would be warranted "soon" if the U.S. economic outlook remains intact, and that many participants saw little evidence of general overheating of the labor market, minutes of the central bank's last policy meeting showed. "The market is probably breathing a little bit of a sigh of relief knowing that inflation even a bit above two percent may not necessarily mean a faster rate of increases," said Mike Baele, managing director at U.S. Bank Private Client Wealth Management in Portland, Oregon. At 2:36 p.m. ET, the Dow Jones Industrial Average (.DJI) fell 60.9 points, or 0.25 percent, to 24,773.51, the S&P 500 (.SPX) lost 2.04 points, or 0.07 percent, to 2,722.4 and the Nasdaq Composite (.IXIC) added 13.82 points, or 0.19 percent, to 7,392.28.
President Trump is back to rattling the markets again with his comments. Trump said Tuesday he wasn't pleased with last week's trade talks with China and cast doubt on the status of a June 12 meeting with North Korea leader Kim Jong Un. Europe's oil and gas sector was nailed 2.5%, the worst slide since February on a closing basis, according to Bloomberg data, at the hands of falling crude oil prices.
Tesla investors should ‘lean into fever pitch,’ analysts at Baird sayBloomberg News/LandovA Tesla Model X on display at the company's showroom in New York City. Tesla shares “have been relatively resilient, despite the intensely negative sentiment, and we believe shares could appreciate significantly with execution on the Model 3 production ramp,” the Baird analysts said. Tesla stock rose a fraction on Wednesday despite general pressure on equity markets thanks to geopolitical and trade concerns.
Investors who thought concerns about trade, particularly U.S.-China tensions, were fading into the background got a wake-up call after President Donald Trump expressed unhappiness with the state of negotiations Tuesday afternoon, while also casting doubt on whether a planned summit with North Korea leader Kim Jong Un will happen. Also, Trump is weighing trade measures that would cut European Union steel and aluminum exports to the U.S. by about 10%, a sign the bloc’s efforts to secure tariff exemptions aren’t satisfying the White House.
Chipotle Mexican Grill Inc. said Wednesday that it is relocating its headquarters to Newport Beach, Calif. from Denver. Functions handled in the Denver office, as well as the company's New York office, will either move to Newport Beach or to an existing office in Columbus, Ohio. The Columbus office, with currently 100 workers, will grow to more than 250.
U.S. stocks trimmed losses on Wednesday after the release of minutes from the May 1-2 Federal Reserve policy meeting. Fed officials confirmed they planned to raise interest rates in June and were not concerned ...
Federal Reserve officials in their meeting in early May confirmed they planned to raise interest rates in June and were not concerned they were behind the curve on inflation."Most participants judged ...
Billionaire investor David Tepper’s largest holdings suggest his company, Appaloosa Management, has an optimistic view on the technology sector (XLK). Appaloosa’s top sells in the first quarter were Apple (AAPL), the PowerShares QQQ ETF (QQQ), the iShares MSCI Emerging Markets ETF (EEM), the Financial Select Sector SPDR ETF (XLF), and Energy Select Sector SPDR ETF (XLE) call options, changing its holdings by 7.2%, 7.1%, 4.0%, 2.5%, and 1.4%, respectively.
Stocks are volatile on Wednesday, May 23, and global equities tumbled as sentiment was dented by comments from Donald Trump that cast doubt on a planned nuclear summit with North Korea and ongoing trade talks with China. Trump told reporters in Washington there was a "substantial chance" his June 12 meeting in Singapore with North Korea's Kim Jong Un may not take place, given the change in tone the regime has displayed since criticizing a joint U.S.-South Korea military exercise last week. Trump insisted, however, there was still a "good chance" a meeting will ultimately take place.
The S&P 500 was down nine points or 0.35% to 2,714.88 as of 9:44 AM ET (13:44 GMT) while the Dow composite decreased over 74 points or 0.30% to 24,759.55 and tech heavy NASDAQ Composite fell 23 points or 0.32% to 7,354.64.
Target proved itself one of the few retailers that saw more customers both at its stores and online, though its investment in updating the stores hurt first-quarter profit. The discounter cited a combination of store remodeling, new brands and expanded delivery options as helping customer traffic rise 3.7 percent in the quarter, including stores and online. Target's CEO also acknowledged the tail winds of a strong economy.
As of May 22, Domino’s Pizza (DPZ) was trading at $248.21, which represents growth of 6.3% since the announcement of its first-quarter earnings on April 26. The company had posted adjusted EPS of $2.0 on revenues of $785.4 million. Analysts were expecting the company to post EPS of $1.77 on revenues of $691.9 million. The company also outperformed analysts’ SSSG (same-store sales growth) expectation of 5.4% in the domestic market by posting 8.3%. Domino’s strong sales and earnings in the first quarter appear to have increased investors’ confidence, leading to a rise in its stock price.
The first quarter was challenging for hedge fund managers as the broader-market S&P 500 (SPY), Dow Jones Industrial Average (DIA), and NASDAQ Composite (QQQ) were unstable due to rising US-China trade war concerns and rate hike expectations.
Global stocks sold off while investors raced for the safety of the Japanese yen and some government bonds on Wednesday as concerns rose that setbacks to U.S.-China trade talks would undermine world economic growth. The remarks came a day after Trump said he was not pleased with U.S.-China talks, reversing a rally pegged to the White House's optimistic comments about the discussions over the weekend that led to a strong rally on Monday.
As noted previously, US-China trade war fears have subsided for the time being after the second round of talks held last week. Financial markets breathed a sigh of relief after the US-China trade war was put on hold. Broader market indexes like the S&P 500 (SPY) closed with gains on May 21 after constructive trade talks between the world’s two biggest economies. Notably, during the annual shareholder meeting, Warren Buffett, Berkshire Hathaway’s (BRK-B) chair, also expressed optimism about US-China trade relations. ...