^GSPC - S&P 500
| Previous Close | 2,730.20 |
| Open | 2,718.54 |
| Volume | 2,693,966,897 |
| Day's Range | 2,712.16 - 2,746.75 |
| 52 Week Range | 2,532.69 - 2,940.91 |
| Avg. Volume | 3,588,911,250 |
- Yahoo Finance•21 hours ago
It's 2019. Time to start investing like it.
In October, investors started to get a sense of what the market will be like in 2019 — more concern, more volatility, and more talk about the end of the cycle.
- MarketWatch•11 minutes ago
Myriad Genetics announces $50 million accelerated share buyback
Myriad Genetics Inc. said Monday it has entered an accelerated share buyback with Bank of America N.A. The company currently has about $161 million remaining on its share buyback authorization. Myriad specializes in molecular diagnostics aimed at determining the risk of developing disease. Shares were not yet active premarket, but have fallen 8.6% in 2018, while the S&P 500 has gained 2.3%.
- MarketWatch•19 minutes ago
Colfax to buy DJO Global from Blackstone for $3.15 billion in cash
Diversified technology company Colfax Corp. said Monday it has entered an agreement to acquire DJO Global Inc., a maker of orthopedic devices, from Blackstone for $3.15 billion in cash. The deal is expected to close in the first quarter of 2019 and to boost adjusted per-share earnings in the first full year after closing. It is expected to generate a tax benefit in the form of net operating loss carryforwards of $800 million. Colfax will finance the deal with about $100 million of cash, proceeds from credit facilities and a debt offering, along with $500 million to $700 million from equity or equity-linked securities. The deal "creates a new growth platform in the high-margin orthopedic solutions market," Chief Executive Matt Trerotola said in a statement. "As a clear market leader in bracing and rehabilitation systems -- with a track record of innovative new products, globally recognized brands, and a diverse product portfolio -- DJO is well-positioned to benefit from secular trends driven by changing demographics and increased preventive healthcare." Colfax shares were not yet active premarket, but have fallen 29.4% in 2018, while the S&P 500 has gained 2.3%.
- TheStreet.com•21 minutes ago
Stocks Mixed On US-China Trade Tensions, Dovish Fed Signals, Ghosn Allegations
Global stocks mixed, despite conflicting statements on the fate of U.S-China trade, as dovish comments from Fed Vice Chair Clarida cast bullish tone heading into holiday-shortened week. APEC meeting fails to agree communique as Pence jabs China on unfair trade policies, Beijing says world faces choice between "cooperation and confrontation" at testy meeting in Port Moresby. Oil extends gains as Saudi's push for OPEC cuts, U.S. tensions escalate as White House prepares report on murder of dissident journalist Jamal Khashoggi.
- MarketWatch•22 minutes ago
Resolute Energy's stock set to surge after $1.6 billion buyout deal with Cimarex Energy
Shares of Resolute Energy Co. were indicated up over 8% in premarket trade Monday, after the oil and gas company announced a deal to be acquired by Cimarex Energy Co. in a cash and stock deal valued at $1.6 billion, including $710 million in debt. Under terms of the deal, Resolute shareholders can choose between receiving 0.3943 of Cimarex shares, $35 in cash, or a combination of 0.2366 Cimarex shares and $14 in cash for each Resolute share they own. The $35 bid represents a 15% premium to Friday's closing price of $30.49. The cash portion of the deal, which is expected to close by the end of the first quarter of 2019, is expected to be funded through a combination of cash on hand and borrowings under Cimarex's revolving credit facility. "The Resolute assets are expected to generate free cash flow in 2019, basically funding any additional development capital from the start," said Cimarex Chief Executive Thomas Jorden. Cimarex shares were still inactive in premarket trade. Year to date, Resolute's stock has lost 3.1% and Cimarex shares have shed 27%, while the SPDR Energy Select Sector ETF has declined 7.0% and the S&P 500 has gained 2.3%.
- MarketWatch•30 minutes ago
Hedge-fund boss who predicted ‘87 crash says get ready for some ‘really scary moments’
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.
- MarketWatch•31 minutes ago
Spectrum Brands missed earnings and revenue expectations, provides downbeat outlook
Spectrum Brands Holdings Inc. reported fiscal fourth-quarter earnings and sales that missed expectations and provided a downbeat fiscal 2019 outlook. Shares of the consumer products company, which brands include Black and Decker, Pfister and George Foreman, were still inactive premarket. The net loss for the quarter to Sept. 30 widened to $115.8 million, or $2.31 a share, from $26.2 million, or 81 cents a share, in the same period a year ago, primarily because of the write off of goodwill, merger costs, lower profit and higher distribution costs. Excluding non-recurring items, adjusted earnings per share came to 79 cents, well below the FactSet consensus of $1.08. Revenue was unchanged at $787.8 million, missing the FactSet consensus of $801.0 million, as declines in home and garden and pet supplies sales offset growth in hardware and home improvement and auto care. For fiscal 2019, the company expects "meaningful" sales growth from continuing operations, and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $560 million to $580 million. The FactSet consensus for adjusted EBITDA was $635.8 million. The stock has tumbled 34% over the past three months while the S&P 500 has lost 4%.
Bloomberg•37 minutes agoStocks Mixed as Treasuries Decline; Pound Advances: Market Wrap
Treasuries declined, the dollar steadied and the pound advanced. Telecommunications shares led the Stoxx Europe 600 Index higher, though gains were limited by a plunge in Renault SA following misconduct allegations against the carmaker’s leader. Equities posted modest increases in Tokyo, Hong Kong, Shanghai and Taiwan.
- Financial Times•49 minutes ago
[$$] Stocks shrug off China-US tension at Apec summit
Monday 11.00 GMT Geopolitical tension kept investors in cautious mood, although stock markets were able to stay positive after the latest signs of trade tension between the US and China. Oil prices continued ...
- Reuters•2 hours ago
Global Markets: Stocks push higher, dollar sapped by rate hike uncertainty
World shares started the week on the front foot on Monday, amid conflicting signals of a potential truce in the China-U.S. trade dispute, while the Federal Reserve's new-found concerns over the global economy sapped the dollar. In the currency market, the pound saw some respite as the dollar went limp. Wall Street had firmed on Friday after U.S. President Donald Trump said that he might not impose more tariffs on Chinese goods after Beijing sent a list of measures it was willing to take to resolve trade tensions.
- Barrons.com•2 hours ago
10 Stocks to Be Thankful for on Thanksgiving
A long bull market quickly turned ugly this fall, wiping out several of 2018’s best performers. But there are a few stocks investors can still be thankful for as Thanksgiving approaches this week.
Reuters•2 hours agoGlobal stocks push higher, dollar sapped by rate hike uncertainty
World shares started the week on the front foot on Monday, amid conflicting signals of a potential truce in the China-U.S. trade dispute, while the Federal Reserve's new-found concerns over the global economy sapped the dollar. In the currency market, the pound saw some respite as the dollar went limp. Wall Street had firmed on Friday after U.S. President Donald Trump said that he might not impose more tariffs on Chinese goods after Beijing sent a list of measures it was willing to take to resolve trade tensions.
- CNBC•3 hours ago
US stocks set for slightly higher open amid conflicting signals over global trade tensions
At around 06:20 a.m. ET, Dow futures were 39 points lower, indicating modest gains at the start to the session. Futures on the S&P and Nasdaq were marginally mixed Monday morning but also pointing to a positive open. Market focus is largely attuned to global trade developments, after President Donald Trump said Friday that he may not impose further tariffs on Chinese goods.
Associated Press•3 hours agoGlobal shares advance, cheered by Wall Street buying spree
TOKYO (AP) — World shares saw moderate gains on Monday after a buying spree on Wall Street sustained investor optimism into the new week, despite continuing worries over trade tensions.
