|Day's Range||2,854.02 - 2,861.41|
|52 Week Range||2,346.58 - 2,954.13|
What is the "naked" short and how does it prop up the price of a company's stock in an initial public offering?
How trade worries affect the long-term outlook for technology stocks.
Capital spending rose 3% from a year ago for S&P 500 companies that have reported earnings that's down from 20% rise in the year ago period for the same companies... Iain Murray, Vice President for Strategy and Senior Fellow at the Competitive Enterprise Institute. joins Yahoo Finance's Seana Smith.
The Office of the Comptroller of the Currency, one of the nation's top banking regulators, is telling bank boards and management to monitor their relationships in the leveraged loan market.
Ford is unveiling new details of its staffing plans, including cutting 7,000 white collar jobs. Yahoo Finance's Alexis Christoforous, Brian Sozzi and Scott Gamm speak with David Leduc of Mellon Investments about the latest market news.
U.S. stocks rallied in morning trading on Wall Street Tuesday after the U.S. government temporarily eased off its proposed restrictions on technology sales to Chinese companies. Technology stocks climbed out of the ditch created Monday by the planned restrictions, aimed primarily at Chinese telecom gear maker Huawei. About one-third of that company's suppliers are American chipmakers and the move would crimp sales for companies including Qualcomm and Broadcom.
Kohl's Corp. said Tuesday that fashion designer Jason Wu will create an exclusive holiday capsule collection, JW Jason Wu, for the retail chain. The line will include jumpsuits, dresses and jackets. Kohl's has teamed with names like Vera Wang and Lauren Conrad for collections to line its shelves. Kohl's stock is down 12% after it reported earnings that missed expectations. Shares have sunk 16.6% for the year to date while the S&P 500 index is up 14% for the period.
U.S. stocks advanced on Tuesday following a mixed session in Asia as the trade-war driven back-and-forth that has dominated markets this month showed few signs of abating. The S&P 500 Indexes jumped at the start of regular trading after the U.S. decided to grant limited relief for consumers and carriers that do business with Huawei Technologies, a day after the White House’s moves against the Chinese telecom giant battered stocks. Consumer stocks turned negative after disappointing results from J.C. Penney Co. and Kohl’s Corp.
The Philadelphia Semiconductor Index gained 1.61% and was on track to end a three-day slump. Companies that have been supplying to Huawei including Intel Corp, Qualcomm Inc, Xilinx Inc and Broadcom Inc rose between 1% and 2%. U.S. President Donald Trump added Huawei to a trade blacklist last week, leading several companies to suspend business with the world's largest telecom equipment maker and triggering fears that the decision could deeply impact the global technology sector.
U.S. stock indexes rose in a broad-based rally on Tuesday, as Washington's decision to temporarily ease curbs on China's Huawei Technologies allayed concerns over a further escalation in trade war between the two countries. The Philadelphia Semiconductor Index gained 1.61% and was on track to end a three-day slump. Companies that have been supplying to Huawei including Intel Corp, Qualcomm Inc , Xilinx Inc and Broadcom Inc rose between 1% and 2%.
Chip stocks led stocks higher early Tuesday following a stay in U.S. trade measures against China's Huawei. But retailers including Home Depot lost ground.
Over the last several trading sessions, the market has been primarily driven by trade and geopolitical headlines first, economic data second, followed by corporate earnings. There was some trade relief as we headed into last weekend, with President Trump stating Friday he would delay tariffs on imports of cars and car parts from allies like Europe and Japan for six months. This could devolve into a Twitter version of the game of "no, you first" commonly seen on schoolyard playgrounds, so investors should continue to watch for signs of progress ahead of the Group of Twenty meeting in Japan next month, at which China's president, Xi Jinping, and Trump are expected to meet.
Stocks head cautiously higher Tuesday morning following a temporary reprieve on restrictions on U.S. exports to China telecom giant Huawei Technologies, reflecting a slight reduction in one front of the Sino-American tariff war.
Tesla Inc.'s stock slumped 1.6% in morning trade, but remained on track to suffer its worst three-month stretch since the electric car maker went public in June 2010. The stock has lost 15.4% so far in May, after shedding 14.7% in April and 12.5% in March, for a total loss during that period of 36.9%. The previous biggest loss over a 3-month period was 32.4% in the three months ended February 2011. Among Wall Street's concerns are demand for the lower-priced Model 3, questions over management credibility and recent communications about "hardcore" cost cutting. Tesla's stock has now shed 39.3% year to date, while the S&P 500 has gained 14.0%.
The Fed should take its cues from falling bond yields and lower short-term interest rates, says conservative economist Art Laffer. "I do think it's in the cards," says Laffer, formerly an economic advisor to presidents Donald Trump and Ronald Reagan. The bond market signals an increasing likelihood of the next Fed move being a reduction in the cost of borrowing money.
U.S. stocks opened higher on Tuesday, with the Dow rising more than 100 points, as technology stocks rebounded after Washington temporarily eased trade restrictions imposed last week on China's Huawei. ...
Shares of Qorvo Inc. bounced 8.7% in morning trade Tuesday, following a 16.5% plunge over the past three sessions, although the chip maker cut its profit and sales outlook in the wake of U.S. actions against China-based Huawei Technologies Co. Ltd. Qorvo lowered its earnings-per-share guidance to $1.15 at the midpoint of its range from $1.30 at the midpoint, compared with the FactSet consensus of $1.29. the revenue outlook was lowered to a range of $730 million to $750 million from $780 million to $800 million, compared with the FactSet consensus of $785 million. For the second quarter, Qorvo said it now assumes no sales to Huawei, and projects revenue to be "roughly flat" with the first quarter, while the current FactSet consensus of $826 million implies growth of 10% to 13% above the new first-quarter guidance. Qorvo's stock has rallied 9.7% year to date, while the PHLX Semiconductor Index has climbed 19.4% and the S&P 500 has gained 14.0%.