|Day's Range||2,763.91 - 2,774.86|
|52 Week Range||2,405.70 - 2,872.87|
"The bottom line is that trade wars are akin to zero-sum games or mutually assured destruction."
The Dow declined again on Wednesday but the Nasdaq closed at a new record high. increased its bid for Twenty-First Century Fox Inc. Wall Street also was processing comments from Federal Reserve Chairman Jerome Powell, who said at a European Central Bank conference in Portugal that the central bank was likely to gradually increase interest rates.
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Shares of retailers are enjoying their biggest rally in years, an unexpected turnaround fueled by strong earnings, buoyant consumer confidence and a nationwide shopping spree. The SPDR S&P Retail ETF is up 11% this year, more than tripling the S&P 500’s 3.5% gain. The sector’s big gains represent an abrupt reversal from previous years, when competition from e-commerce giants like Amazon pounded many traditional retailers, everything from teen apparel to companies making auto accessories.
Stocks regained some momentum today, but not enough for the Dow Jones Industrial Average to break its losing streak. •...examine another day of gains for 21st Century Fox (FOXA). Stocks ended mixed on Tuesday, with only the Dow unable to halt its seven-day slide.
Asian stocks looked set to begin Thursday mixed as concern simmers about an escalation of trade tensions between the U.S. and China. Treasury yields climbed and oil rose.
By Caroline Valetkevitch NEW YORK (Reuters) - Stocks on world markets edged higher on Wednesday, following a recent sell-off on rapidly escalating China-U.S. trade tensions, while Treasury yields rose ...
Two Jack Dorsey companies, alike in their huge stock rallies, differ when it comes to recent short-selling sentiment. Square shares have gained 95% so far this year, while Twitter’s stock is up 92%. “The main difference I see is that Twitter short sellers are selling into the stock’s rally and increasing their short exposure substantially in June, while Square short sellers are buying to cover some of their short positions in order to stay around the $2 billion level,” said Ihor Dusaniwsky, the managing director of predictive analytics at S3 Partners.
Stocks on world markets edged higher on Wednesday, following a recent sell-off on rapidly escalating China-U.S. trade tensions, while Treasury yields rose after the Federal Reserve chairman said the U.S. ...
Fourth-quarter projection beat analyst estimates, shows confidence that memory prices will stay highBloomberg NewsMicron’s memory chips cost a lot more, pushing profit and sales higher. Micron Technology Inc. continued to post huge gains in profit and revenue amid high memory-chip prices in a Wednesday earnings report, and the company’s forecast showed confidence that the rise will continue, pushing shares higher after hours.