|Day's Range||2,666.21 - 2,683.55|
|52 Week Range||2,352.72 - 2,872.87|
Market recap for Monday, April 23rd
The Dow Jones Industrial Average was sown 0.18 percent at 24403.64, the S&P 500 was up 0.8 points, or 0.03 percent, at 2,671.09 and the Nasdaq Composite was down 20.11 points, or 0.28 percent, at 7,108.49.
U.S. stocks turned negative on Tuesday, weighed down by shares of Alphabet and 3M and as yield on the 10-year Treasury notes rose to 3 percent for the first time in more than four years. The Dow Jones Industrial Average was sown 0.18 percent at 24403.64, the S&P 500 was up 0.8 points, or 0.03 percent, at 2,671.09 and the Nasdaq Composite was down 20.11 points, or 0.28 percent, at 7,108.49.
Mother's Day spending will decline slightly to $23.1 billion, according to the National Retail Federation's annual survey, with the average person spending $180. The SPDR S&P Retail ETF is down 1.1% matching the Dow Jones Industrial Average decline.
If you run a U.S. technology mutual fund you might find yourself dabbling in private-company stock offerings, or you might not -- you might have rules against buying private-company shares -- but in any case you are unlikely to spend a lot of time on the Nigerian Stock Exchange. The rising popularity of indexing sometimes makes it easy to conflate "the index" with "the market." If you buy a Standard & Poor's 500 index fund, you are generally doing that not because you have a carefully considered view that the companies in the S&P 500 index will outperform other companies, but because you want to invest passively -- just buy all the stocks and not worry about picking between them -- and buying an index fund is the way to do that.
U.S. stock indexes advanced moderately early but quickly reversed. Caterpillar delivered a huge beat on earnings and Freeport a huge miss. The housing sector had a busy day for data. The housing ETF rose 1%.
The U.S. dollar on Tuesday weakened slightly against its major rivals, but remained near three-month highs, as the 10-year Treasury yield hit the psychologically important 3% level for the first time since 2014. Rising government bond yields have been a driver for the greenback over the last several sessions, though the correlation was nowhere to be found in Thursday’s session. The ICE U.S. Dollar Index (IFUS:DX-Y.NYB), which gauges the buck against a basket of six currencies, was down 0.1% at 90.879.
Gap Inc. announced plans to open 60 new Old Navy stores in 2018. The company also plans to remodel about 150 existing stores, including upgrades to bathrooms, fitting rooms and checkout areas. Ten percent of these stores will undergo a full remodel, including three locations that were hit by Hurricanes Harvey and Maria.
U.S. stocks rose on Tuesday as strong earnings from Caterpillar, Verizon and a host of other big names boosted optimism about corporate America's health, but the gains were curbed by rising bond yields. Caterpillar, which serves as a bellwether for global economic activity jumped 4 percent, while Pratt & Whitney aircraft engines-maker United Tech rose 1.3 percent.
U.S. stocks rise modestly Tuesday morning, with the Dow poised to snap a four-day skid as strong corporate earnings supported sentiment, although increases in bond yields caused investors to assess borrowing ...
NEW YORK (AP) — U.S. stocks are higher Tuesday morning as investors applaud strong first-quarter results from companies including machinery maker Caterpillar, appliance maker Whirlpool and Fifth Third Bancorp. Smaller companies made big gains in an optimistic sign for the U.S. economy. Bond yields continue to rise and the 10-year Treasury note reached 3 percent for the first time in more than four years. Alphabet, Google's parent company, slid after it reported greater revenue but also an increase in spending.
Fresh data from the Commodity Futures Trading Commission, which tracks futures bets on a number of assets, shows bearish bets on the dollar intensified recently — what some would call a desperate gamble. While the consensus view is for a weak buck, he notes the so-called “smart money” — big hedge funds — are upping their own bullish bets on U.S. Dollar Index futures. “The U.S. dollar’s surge in 2014 and 2015 was the trigger for the violent crude oil bust,” he says, noting that big hedge funds are even more bearish now on crude than they were just before oil popped in 2014.
The major U.S. stock market indices appeared poised to open in the green this morning as the rise in the 10-year yield took a pause. Earnings from Caterpillar, Coca-Cola, Verizon Communications and United Technologies also appeared to help.
U.S. stock indexes opened higher on Tuesday, helped by strong results from Verizon and Caterpillar as well as gains in technology stocks. The Dow Jones Industrial Average rose 131.25 points, or 0.54 percent, ...
U.S. equity markets opened higher on Tuesday, with the Dow on track to break a four-session losing run. Investors continued to monitor earnings reports, which largely beat expectations. The Dow Jones Industrial ...
Alcohol stocks are gaining on bullish market trends and expansion in the craft beer space. Here we take a look at how some alcohol stocks are placed ahead of their earnings releases.
The S&P 500 rose ~0.01% to 2,670.29 on April 23 due to optimism about strong 1Q18 earnings results. Analysts estimate earnings growth of ~20% for S&P 500 companies in 1Q18, which could be the strongest earnings results in seven years. Five out of the ten major sectors in the S&P 500 rose on April 23.
Ford Motor Co. is slated to report first-quarter earnings on Wednesday, with markets hoping the auto maker will show more progress toward much-touted cost-cutting measures.
Severe flu activity in the first quarter should benefit companies in the health care space, while insurers might feel the pinch from the same.
The Dow Jones Industrial Average was set to open roughly 150 points higher on Tuesday after Caterpillar and United Technologies led a slew of strong earnings reports from members of the blue-chip index. Shares of Caterpillar jumped 3.6 percent in premarket trading, while Pratt & Whitney aircraft engines-maker United Tech rose 2 percent after the companies topped quarterly profit estimates and raised their full-year earnings forecasts.
Nasdaq 100 futures led a premarket advance Tuesday as Caterpillar and Verizon surged on earnings and the market's uptrend faced two key hurdles.