|Day's Range||2,714.99 - 2,727.36|
|52 Week Range||2,403.59 - 2,872.87|
HONG KONG (AP) — Shares were mostly higher in Asia on Monday as investors digested the latest developments regarding North Korea and Italian politics. Crude oil extended losses as traders braced for output increases.
U.S. markets will be shuttered Monday, May 28 for the Memorial Day holiday, while London markets not be trading for their own bank holiday.
European stocks followed Asian peers higher and U.S. equity futures gained as traders kicked off the week in a risk-on mood, buoyed by indications that a U.S.-North Korea summit is back on track. The Stoxx Europe 600 Index rose as most national gauges in the region advanced, although trading was subdued thanks to a holiday in both the U.K. and U.S. S&P 500 futures jumped, as did South Korean stocks, after President Donald Trump appeared to confirm that his June summit with Kim Jong Un was back on. “We may now be in for an extended period of heightened uncertainty ahead of fresh elections, assuming that’s where we’re headed, but that’s not a story for today,” said Ray Attrill, head of foreign-exchange strategy at National Australia Bank Ltd. in Sydney, referring to the euro’s advance on Monday.
Asian stocks drifted at the open, with energy shares tumbling after oil posted its biggest drop in about a year. The euro rallied after Italy’s president rejected a candidate for finance minister who’s ...
Based on last week’s price action, the direction of the index is likely to be determined by trader reaction to the short-term pivot at 2721.25.
The FANG stocks have become some of the stock market's most dominant stocks, disproportionately powering its gains, as well as its losses. (Apple is often added, making the group the FAANG stocks), sometimes a bad week for the group of stocks can lead the market down. For instance, Facebook led a steep decline in the FAANG stocks in March, after its data misuse scandal came to light on Sunday, March 18.
A blockbuster run of merger and acquisitions, made possible by rising debt levels, has raised alarm in some quarters that the ageing business and credit cycle is nearing an end. As June beckons, meetings of policymakers at the Federal Reserve and European Central Bank will be important events as investors stay glued to a series of key barometers that will offer signals over whether market stresses will intensify.
The stock market battle between the bulls and the bears continued last week and the bulls again came out on top. The Nasdaq Composite was up 1.08% for the week while the interest rate-sensitive Dow Utilities gained 3.28%. SEOUL, SOUTH KOREA - MAY 25: Activists gather in front of the U.S. embassy to demand peace for the Korean peninsula after the cancellation of the U.S. and North Korea summit on May 25, 2018 in Seoul, South Korea. Last week, the S&P futures were under some serious selling pressure, as the New York Stock Exchange opened lower Wednesday and Thursday.
Chatter late Friday and Saturday suggests the U.S.-North Korea meeting may be back on if you believe the news reports. This could be very bullish for stocks if you combine it with last week’s dovish Fed minutes.
Indeed, the S&P 500 index (^GSPC) is staged for the best May performance in nine years, boasting a month-to-date return of 2.8% thus far, while the Dow Jones Industrial (^DJI) also headed for the best May since 2009, according to FactSet data. Back in 2009, the Dow booked a 4.1% return for May as the S&P 500 returned 5.3% that month. The Nasdaq Composite Index (^IXIC) is the outperformer, on track for a May return of 5.2%, which would represent the technology-tilted index’s best rise for that month since 2005, when it advanced by 7.63%.
How much money is in your checking account? Markets are experiencing another period of volatility this week, and new research suggests checking account customers are doing something that indicates they don’t feel as secure as they would like about the economy. Moebs Services, an economic-research firm in Lake Bluff, Ill., analyzed over 12,000 depository call reports and compared them to the Federal Reserve monetary data for 2017.
Here are the top-paid CEOs by state for 2017, as calculated by The Associated Press and Equilar, an executive data firm. The survey considered only publicly traded companies with more than $1 billion in ...
Female CEOs remain scarce at the biggest publicly traded companies but those who hold the top job receive pay competitive with male peers. Topping the list of highest-paid female CEOs is Indra Nooyi, CEO of PepsiCo, whose compensation was $25.9 million. Debra Cafaro, CEO of real estate investment trust Ventas came in second at $25.3 million.
Chief executives at the biggest public companies got an 8.5 percent raise last year, bringing the median pay package for CEOs to $11.7 million. Across the S&P 500, compensation for CEOs is often hundreds of times higher than typical workers. The pay increase matches the bump that CEOs received in 2016, according to salary, stock and other compensation data analyzed by Equilar for The Associated Press.
Many investors find it surprising that, in the wake of the fastest growth rate in corporate profits in many years, the U.S. stock market is struggling. Over the past nine decades, the stock market on average has hardly produced any gain in calendar quarters in which year-over-year earnings growth is as strong as it is currently. GAAP earnings per share for the S&P 500 (^GSPC) are projected to be 36.7% higher than the comparable quarter of a year ago, according to Standard & Poor’s. That compares to an average of just 5.9% average annual growth since the late 1980s.
Renewed geopolitical tensions also continued to drive investors into the safety of U.S. Treasurys, driving down yields.
The S&P 500 has been reasonably quiet during the week, as we have traded in a tight range. However, we have recently rallied over the last couple of weeks, so it looks very likely that we will continue to go much higher.
The S&P 500 was very volatile on Friday, ahead of the big Memorial Day weekend in the United States. The CFD markets might be open on Monday, but quite frankly the underlying S&P 500 won’t continue trading until Tuesday.
Big-company earnings per share swelled nearly 25% during the first quarter, the biggest gain since 2010. Exceptional chief executives are preparing for tomorrow’s challenges by putting today’s cash windfall to good use. Others are arms dealers to companies investing online, including list newcomers James Whitehurst at Red Hat (RHT) and Jayshree Ullal at Arista Networks (ANET).
U.S. stocks stalled Friday but hung on to weekly gains, as tumbling oil prices and worries over political risks from North Korea to Italy kept investors on guard ahead of the holiday-lengthened weekend. Stock indexes around the world struggled to gain ground this week as geopolitical rifts drove investors into relatively safe assets such as government bonds and gold.
Most companies that pay six figures to the majority of their workers aren’t big banks or money managers, but biotech firms that rely on medical researchers, and energy and technology companies with a large number of engineers and technical staff. Nearly half of those were in the energy industry, including oil and gas drillers, refiners and electric utilities. Together, the energy companies employ more than 600,000 people, according to an analysis by The Wall Street Journal of federal filings and company-employment data from S&P Global Market Intelligence Capital IQ.
The milestone for Netflix is the latest sign that investors remain faithful to the handful of technology and internet firms that have powered the broader market in the past few years.