|Day's Range||2,712.16 - 2,742.44|
|52 Week Range||2,532.69 - 2,940.91|
Yahoo Finance’s Seana Smith breaks down the action on Wall Street.
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.
Energy stocks rose 0.6 percent as oil prices recovered from sharp losses this week on expectations that OPEC and its allies would agree to cut output next month. Markets opened lower following weak forecasts from Nvidia Corp and chip equipment supplier Applied Materials Inc, which fell 17.6 percent and 1.9 percent respectively. The Philadelphia Semiconductor index was down 1.9 percent, while technology stocks fell 0.5 percent.
Energy stocks rose 0.6 percent as oil prices recovered from sharp losses this week on expectations that OPEC and its allies would agree to cut output next month. Markets opened lower following weak forecasts from Nvidia Corp (NVDA.O) and chip equipment supplier Applied Materials Inc (AMAT.O), which fell 17.6 percent and 1.9 percent respectively. The Philadelphia Semiconductor index (.SOX) was down 1.9 percent, while technology stocks (.SPLRCT) fell 0.5 percent.
Jim Cramer, CNBC’s “Mad Money” host and a prominent fixture among market commentators on Monday said the market is enduring “a very serious correction.”
U.S. stock indexes trade mixed, with Nasdaq poised to end a volatile week on a down note, as a decline in shares of chip maker Nvidia weighs on the chip sector.
The stock market used to reward companies for beating Wall Street analysts’ expectations of how much they could earn. From two days before the earnings announcement through the second day afterward, their shares have averaged a 5.5% loss. , which reported earnings 14% above the forecast, but whose shares lost 18% in the surrounding days.
The S&P 500 Index turned higher as Trump appeared to signal a willingness to reach a deal with China at this month’s G-20 summit. Equity markets have reacted swiftly to any trade-related headlines in recent days as investors look for any hint that the threat of more tariffs will be removed. Meanwhile, investors are still gauging whether China and America can de-escalate their trade dispute before the G-20 summit later this month.
Stocks were mixed Friday as dovish commentary from the Fed helped to address some fears. Concern over semiconductor demand is the latest tech-sector concern.
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.
U.S. stock indexes declined in midday trading Friday as losses in retailers and internet and technology companies outweighed gains elsewhere in the market. Health care companies and utilities were among ...
The U.S. dollar weakened and Treasury yields pulled back on Friday after a top Federal Reserve official said U.S. interest rates are near a neutral rate, while continued uncertainty over Brexit clouded currency and other markets. Disappointing forecasts by chip companies Nvidia Corp (NVDA.O) and Applied Materials (AMAT.O) weighed on sentiment, but that may have been countered by prospects of a less-aggressive path of rate hikes following comments from Richard Clarida, the newly appointed vice chair of the Federal Reserve.
UnitedHealth Group added 1.6 percent. Troubled California power provider PG&E surged 33 percent after the president of the utility's state regulator said it was essential for a power company to have the financial strength to operate. Chipmaker Nvidia plunged 19 percent after saying it had a large number of unsold chips because of a big drop in mining of cryptocurrencies.
PG&E Corp. shares were poised to break a six-straight string of losses, rising nearly 40% Friday. The stock's climb came after California's Public Utilities Commission President Michael Picker late Thursday was quoted as saying it was not "good policy" to allow the company, facing potential liability from wildfires, to go bankrupt. PG&E shares closed at a 15-year low on Thursday. Friday gains brought weekly losses to 38%. The stock is down 46% this year, contrasting with gains of 2% for the S&P 500 index . PG&E, which owns Pacific Gas & Electric Co., said earlier this week some of its equipment could be involved in a massive fire still raging in Northern California. The death toll of the so-called Camp Fire has risen to at least 63 people, and the fire is 45% contained.