|Day's Range||2,637.27 - 2,670.19|
|52 Week Range||2,532.69 - 2,940.91|
The Census Bureau will be releasing retail data on Friday.
Markets are trading higher as investors digest easing trade tensions between the U.S. and China. Yahoo Finance's Julie Hyman and Adam Shapiro discuss with Angel Oak Capital Senior Portfolio Manager Sam Dunlap.
U.S. stock futures were tumbling on Friday, Dec. 14, and global shares slumped after economic data in China, the world's second-largest economy, were weaker than expected. Retail sales in China during November rose 8.1%, the weakest pace since 2003, and were down from 8.6% the previous month. Industrial output rose the least in nearly three years as domestic demand in China softened, according to Reuters.
U.S. stock futures pointed to a weaker start for Wall Street later as investors turned their attention to weaker-than-expected China industrial production and retail sales data.
The Stoxx Europe 600 Index headed for a weekly loss, led lower by carmakers after regional sales slumped in November for the third month in a row. CommoditiesWest Texas Intermediate crude decreased 0.7 percent to $52.23 a barrel.Gold fell 0.3 percent to $1,238.60 an ounce, the weakest in more than a week.
Stocks worldwide tumbled on Friday after weak economic data from China and Europe fanned concerns of a global economic slowdown and left investors fretting over the wider impact of a still-unresolved Sino-U.S. trade dispute. The MSCI All-Country World Index, which tracks stocks across 47 countries, was down over half a percent by afternoon in Europe. Euro zone business ended the year on a weak note, expanding at the slowest pace in over four years as new order growth all but dried up, hurt by trade tensions and violent protests in France, a survey showed.
Stocks worldwide tumbled on Friday after weak economic data from China and Europe fanned concerns of a global economic slowdown and left investors fretting over the wider impact of a still-unresolved Sino-U.S. trade dispute. The MSCI All-Country World Index , which tracks stocks across 47 countries, was down over half a percent by afternoon in Europe. Euro zone business ended the year on a weak note, expanding at the slowest pace in over four years as new order growth all but dried up, hurt by trade tensions and violent protests in France, a survey showed.
Investors this week pulled the most money from US equity funds since the stock market sell-off in February, dialling back exposures after a prolonged period of volatility for US share prices. Funds that invest in US equities suffered $27.7bn in outflows for the week ending December 12, the biggest withdrawal since $33bn was pulled out during the turmoil earlier this year, according to data from EPFR Global. for the future path of interest rates and moderating expectations for earnings growth heading into 2019 have helped send the S&P 500 more than 9 per cent lower so far this quarter, putting it on course for its worst quarterly performance in seven years.
U.S. stock funds bled $27.6 billion in the days through Dec. 12, which includes last Friday’s plunge in the S&P 500 Index that capped the worst week for the gauge since March, according to BofA’s note, which cited EPFR Global data. The turmoil in stocks, which has erased as much as $4 trillion in U.S. equities since the end of September, continued this month as traders feared that a global economic slowdown will curb earnings growth and end the equity bull run. Instead of U.S. equities, market players flocked to Japanese and emerging-market equity funds, in addition to government bonds as global equity funds saw a record weekly outflow of $39 billion, according to BofA.
A bear market is generally considered to exist when the major indices have fallen 20% or more from their 52-week high. Currently the S&P 500 is down a bit less than 10% from its high of 2931 on October 3, so it has a long way to go before it crosses that bear market threshold. Based on that definition above, this is not a bear market -- but does it matter?
STOCKSTOWATCHTODAY BLOG 6:27 a.m. The Dow Jones Industrial Average looks set to end the week with a big drop after Chinese economic data appeared to confirm the markets suspicions about weaker global growth.
History shows when the the S&P 500's price-to-earnings ratio declines that a rally is on the way, UBS' Keith Parker says. Returns on earnings have averaged a 16 percent in years after a P/E decline, he says. The S&P will reach 3,200 by the end of 2019, Parker says.
Global stocks extend declines as weaker-than-expected data from Beijing to Berlin suggests increasing economic damage from the world's ongoing trade war. China retail sales fall the most in five year, while industrial output sinks, offsetting a formal decision from officials to slash tariffs on imported U.S-made automobiles. Global stocks extended declines Friday as weaker-than-expected data from Europe to China suggested the worldwide trade war is taking its toll on some of the biggest economies and setting up markets for a grim few weeks heading into the end of the year.
The stock market’s inability to hold big opening gains — or big opening losses — is leaving some traders a bit frustrated. The S&P 500 (SPX) opened sharply higher Wednesday as stock markets charged out of the gate, ostensibly on optimism tied to more feel-good headlines surrounding U.S.-China trade talks. The S&P 500 had rallied toward technical resistance at 2,686, he noted, in a Wednesday blog post, and then “it was the gap- filling Algo’s that went to work bringing the S&P 500 lower.
Worries about the impact of the trade war between China and the US on global economic growth knocked stock markets following a run of weak economic data from Beijing to Europe. Equities indices in Hong Kong, Shanghai and Shenzhen were down almost 2 per cent after Chinese industrial output expanded by the narrowest margin in three years.
There have been 20 shutdowns in the last 40 years, about as often as Congressional elections, and stocks tend to take them in stride.
Numbers By Barron’s is a two-minute financial podcast with three vital numbers to start your morning. Molson is dealing in all things seltzer with products like LaCroix and new alcoholic brands such as Spiked Seltzer and White Claw.
SINGAPORE (AP) — European and Asian indexes wobbled on Friday after British Prime Minister Theresa May failed to get assurances for a Brexit divorce deal at an EU summit in Brussels. China reported weaker-than-expected economic data, stirring up worries about the state of the world's second largest economy.
A brisk week of action on European bourses is not over yet. The region’s stock indices are down by around 1 per cent, with concern deepening at signs of the impact of the trade war between the US and China on global economic growth. , forward-looking purchasing managers’ indices from France pointed to a potential contraction of its services and manufacturing sectors, adding to the jitters.
Dow Jones Industrial Average futures were sharply lower Friday morning, after weaker-than-expected data in China and Europe exacerbated concerns of a global economic slowdown. At around 7:15 a.m. ET, Dow futures fell 224 points, indicating a decline of more than 250 points at the open. Futures on the S&P 500 and Nasdaq were also seen relatively downbeat.
U.S. stock index futures are trading lower early Friday, mostly in reaction to the weaker-than-expected economic data from China. The major cash market stock indexes finished mixed on Thursday during a choppy session as investors digested new developments in the ongoing U.S.-China trade dispute.