|Day's Range||2,681.90 - 2,702.84|
|52 Week Range||2,344.51 - 2,872.87|
U.S. stock futures struggle for direction on Friday, but head for a weekly win, as investors keep an eye on rising government bond yields and focused on fresh batch of earnings.
Honeywell International Inc. reported Friday first-quarter net income that rose to $1.44 billion, or $1.89 a share, from $1.33 billion, or $1.71 a share, in the same period a year ago. Excluding non-recurring ...
U.S stocks look set to end the week modestly lower, with major benchmarks only little changed over the past five days, after an overnight sell-off in tech stocks and a sustained rise in both crude oil and government bond yields cast a defensive tone across global financial markets. , which rose more than 3% in pre-market trading after topping Wall Street forecasts with $369 million in operating earnings attributable to shareholders. TSMC shares fell more than 6.3% in Asia trading, the biggest single-day decline in nearly five years, a moved that pulled sector-related stocks sharply lower around the region and clipped more than 1% from the region-wide MSCI Asia ex-Japan benchmark.
World stocks dipped on Friday but were set for a second week of gains after a strong start to the global corporate earnings season, while a rally in commodity prices fizzled out. The index is still on track for a 1 percent gain this week, as global markets recover from a turbulent first quarter which saw the return of volatility, trade tensions between the U.S. and China, and tensions in the Middle East. Shares in Europe were down 0.2 percent, but remain up half a percent on the week and set for their fourth straight week of gains.
The U.S. dollar gained ground against its rivals Thursday as the 10-year Treasury yield edged higher, flirting with the psychologically important 3% mark. The ICE U.S. Dollar Index (IFUS:DX-Y.NYB), which measures the greenback against six developed market currencies, climbed 0.3% to 89.889.
Asian shares slipped on Friday as a warning on smartphone demand from the world's largest contract chipmaker slugged the tech sector, while high oil prices stirred inflation fears and undermined sovereign bonds. Spreadbetters pointed to a firm start for European shares, with FTSE futures up 0.3 percent but E-Minis for S&P 500 were a tad softer as were Dow futures. In Asia, Apple led the way after Taiwan Semiconductor Manufacturing cut its revenue target to the low end of forecasts and blamed softer demand for smartphones.
The S&P 500 snapped a three-day winning streak Thursday, as tumbling shares of consumer-staple companies pulled the broad index lower.
Beyond death and taxes, perhaps the best candidate for a constant in life is sin. In investing, as the academics Elroy Dimson, Paul Marsh and Mike Staunton have shown, sin stocks are about as close as we come to a perpetual winner. This chart, taken from a presentation by Elroy, shows the returns over time for the Vice fund (sadly now renamed the Barrier fund, but still only investing in sinful companies), compared to one of the most prominent funds that screens out unethical stocks.
The S&P 500 has broken down below the 2700 level during the Thursday session, showing signs of exhaustion and perhaps the market trying to find some type of value underneath 2 continue the uptrend.
Recent market volatility is making some investors nervous that the bull run is ending. A survey by JPMorgan found that 75% of the ultra-rich forecast a U.S. recession in the next two years. Yahoo Finance's Seana Smith, Dan Roberts and Brittany Jones-Cooper discuss.