|Day's Range||2,833.73 - 2,855.63|
|52 Week Range||2,417.35 - 2,872.87|
Stocks getting a pop on reports Trump and China's Xi are looking to talk trade this fall
The markets are exuberant, but we’re nowhere near the extremes of the Dotcom bubble according to a note by J.P. Morgan.
Investors are desperate for income. With yields still low and interest rates on the rise, advisors say it’s critical to start thinking differently about how to balance immediate income needs with long-term portfolio preservation. “This is a hard time to generate investment income in the usual ways,” says Randy Carver, president of Carver Financial Services in Mentor, Ohio.
A steep downturn in heavyweight Chinese internet stocks and recent weakness in half of the so-called FANG group have some investors worried that a key component of Wall Street's near-decade long rally may be low on fuel. Outstanding gains in Facebook (FB.O), Amazon (AMZN.O), Netflix (NFLX.O) and Alphabet (GOOGL.O) have underpinned much of the U.S. stock market's rally in recent years, along with the broader tech sector, but the group is widely viewed as overbought and valuations remain expensive. Backed up by strong earnings growth and investor confidence in Silicon Valley's innovation track record, the S&P 500 technology index (.SPLRCT) is up 16 percent in 2018, making tech Wall Street's top performer.
Investing.com - The Dow closed sharply higher on Friday as traders cheered reports that plans were afoot for a meeting between President Trump and Chinese counterpart Xi that could pave the way for an end to the trade war.
Maybe we shouldn’t be judging investment advisers according to whether or not they can beat the market. How to tell the difference between a market crash and a correction Words like market 'selloff', 'crash', 'meltdown', and 'correction' have been bandied about by traders and analysts in ways that can make investors cringe.
Investors are feeling more willing to wade back into emerging markets, even if we probably haven't seen the last of volatility. •...and applaud Nordstrom's (JWN) earnings win. The Nasdaq Composite gained 9.81 points, or 0.1%, to 7816.33. That doesn't mean that there weren't ongoing geopolitical worries, just that investors chose to ignore them.
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U.S. stocks rose late in the day Friday as investors hoped the U.S. and China are making more progress in trade talks. The Wall Street Journal reported that the countries hope to resolve their dispute by November.
By Stephen Culp NEW YORK (Reuters) - U.S. stocks closed higher on Friday, with the S&P 500 and the Dow Jones Industrial Average extending gains and the Nasdaq turning positive on reports of progress in ...
U.S. stocks closed higher on Friday, with the S&P 500 and the Dow Jones Industrial Average extending gains and the Nasdaq turning positive on reports of progress in tariff disputes between the United States ...
Trade developments could overshadow most everything else in the week ahead, except for the Fed, which releases the minutes of its last meeting Wednesday and meets in Jackson Hole at the end of the week. Talks restart with China Wednesday and Thursday, the day a new set of tariffs on Chinese goods are due to take affect. The bull market, in the view of some market pros, could become the longest in modern history on Wednesday, when it will be a day older than the tech bubble bull that ran from 1990 to 2000.
NEW YORK (AP) — Stocks rose late in the day Friday as investors welcomed signs of progress in resolving the trade dispute between the U.S. and China. The Wall Street Journal reported that the countries hope to have a resolution by November.
Or in any way unusual, when laid side by side with all the others in a bull market that by some definitions is about to become the longest ever. Stocks bounced around on alternating days, the VIX had two 10 percent spikes, and high-priced tech stocks lurched. The VIX hovered around 13, pretty calm compared with the mean of 18 since the rally began.
Another steep decline in the Turkish lira on Friday pushed emerging market equities lower and kept other world markets cautious, overshadowing hopes that an upcoming U.S.-China meeting would resolve concerns over trade tariffs. The Wall Street Journal reported on Friday afternoon that Chinese and U.S. negotiators are drawing up a road map for their trade talks next week. A Chinese delegation led by Vice Minister of Commerce Wang Shouwen will meet U.S. representatives, China's Ministry of Commerce said on Thursday.
MARKET PULSE U.S. stock benchmarks Friday booked a second straight win, capping a volatile week in August that has been marked by jitters about contagion emanating from Turkey, and a resumption of negotiations between China and the U.