|Day's Range||2,670.75 - 2,735.38|
|52 Week Range||2,532.69 - 2,940.91|
Retail sales in October were solid, Walmart's earnings were great, but below the surface there appears to be some softening in the spending habits of U.S. consumers.
Even though the markets experienced a big drop in October, some analysts say they expect to see a rebound to close the year. Yahoo Finance’s Alexis Christoforous and Banyan Hill Research Senior Analyst Ian King discuss.
Wall Street is under pressure from major tech stocks. Yahoo Finance’s Seana Smith has details from the New York Stock Exchange.
Top U.S. proxy advisers outlined different processes for sharing their influential research and voting recommendations with stock issuers at a hearing in Washington on Thursday, highlighting one of the charged issues facing regulators as they weigh new rules for corporate elections. Gary Retelny, chief executive of the largest U.S. proxy adviser, Institutional Shareholder Services, said his firm distributes drafts of its of research to S&P 500 companies and other large global firms before publishing to its own clients, and offers free copies to all stock issuers eventually. In contrast Katherine Rabin, CEO of rival proxy adviser Glass, Lewis & Co, said it does not provide the full reports to companies ahead of time and charges for them, although it does share early the underlying data driving its opinions and analysis.
U.S. stocks look set for a lower open even as Asian and European markets keep it together. Blame Nvidia? Or too much optimism about a trade deal?
Haverford Trust’s Hank Smith says a trade resolution with China and a pause in interest-rate increases could ignite a rally.
Friday 11.30 GMT Sterling stabilised after its near-2 per cent fall over the previous session, but with investors braced for further Brexit drama in Westminster, there were expectations for more volatility. ...
Paul Tudor Jones, a hedge-fund luminary, says he’s stress-testing his portfolio of corporate debt because he expects a tumultuous road ahead for that market segment.
London, Paris and Frankfurt markets all gained around 0.4 percent, having been punished the previous day by the resignation of Britain's Brexit minister roughly 12 hours after a draft agreement with the European Union was released. Sterling also attempted to reset after what had been its worst day against the euro since the post-Brexit vote fallout of 2016 and a slump of more than 2 cent versus the dollar. "As long as no deal remains as likely as it is, there is a risk of a sterling depreciation spiral that is self-intensifying," said Ulrich Leuchtmannan, an FX strategist at Commerzbank in Frankfurt.
Futures on the S&P 500 declined after Nvidia Corp. gave a disappointing sales forecast and Commerce Secretary Wilbur Ross damped hopes of any imminent trade deal with China. Asian shares were led lower by declines in Japan, even as those in China and Hong Kong climbed. Political tensions in Europe from the U.K. to Italy are also hitting sentiment, while the slump in oil prices this week stoked renewed concerns about the state of global growth as the trade war drags on.
Global stocks mixed amid tech sector demand concerns, U.S.-China trade talk progress, following weaker-than-expected third quarter earnings from Nvidia. Asia stocks book modest gains as dollar softens, but Japan's Nikkei 225 slumps as chip and game stocks slide in the wake of Nvidia's gloomy Q4 outlook. Currency markets continue to gyrate following last night's 1.6% Brexit-triggered plunge in the pound, with Prime Minister Theresa May vowing to see her Brexit deal through Parliament.