|Day's Range||2,766.91 - 2,813.46|
|52 Week Range||2,532.69 - 2,940.91|
U.S. Secretary of State Mike Pompeo meeting with the Saudi King and Crown Prince over the disappearance of journalist Jamal Khashoggi. Yahoo Finance's Seana Smith, Zack Guzman, Rick Newman, and Brian Cheung discuss with former U.S. Ambassador tor Turkey Robert Pearson.
Fund managers expect the global economy to slowdown in the next year at the highest rate since November 2008, when the economy was already feeling the effects of the financial crisis.
By Wayne Cole SYDNEY (Reuters) - Asian equities got some welcome relief on Wednesday after upbeat U.S. earnings reports drove a rebound on Wall Street and helped restore a little faith in emerging market ...
Asian equities got some welcome relief on Wednesday after upbeat U.S. earnings reports drove a rebound on Wall Street and helped restore a little faith in emerging market stocks and currencies. Japan's Nikkei galloped out of the gates with a rise of 1.7 percent, but still has a way to go to recoup the past week's losses. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.7 percent and South Korea 1.2 percent, while spreadbetters pointed to opening gains for the major European bourses.
The dollar ticked higher and Treasuries were steady. Japanese, Chinese and Australian shares rose, helping lift the MSCI Asia Pacific Index of shares, which last week touched its lowest since May 2017. Ten-year Treasury yields traded around 3.16 percent after data showed U.S. factory output expanded in September.
U.S. stocks surged, sending the Dow industrials up more than 500 points, as upbeat economic and earnings reports provided investors with new evidence that the domestic expansion remains on a strong footing....
Investors bruised by recent punishing losses in stocks have something to look forward to: corporate earnings. The benchmark S&P 500 index has risen in seven of the past nine earnings seasons, climbing 1.7% on average during the four weeks after big banks kick off the reporting period, according to Dow Jones Market Data. In other words, it isn’t unusual for the equity market to go through a period of weakness before corporations report earnings.
Overnight on Wall Street, major stock indexes saw their best day since March after the release of strong quarterly results from some of the largest U.S. companies. Stocks in Asia were broadly higher on Wednesday afternoon following a strong bounce on Wall Street overnight. Shares of Softbank 9984.T-JP shed some earlier gains but traded up by around 1.9 percent in the afternoon after the company's Chief Operating Officer Marcelo Claure said earlier that it was "anxiously looking" at developments related to the disappearance of Saudi Arabian journalist Jamal Khashoggi .
The rally extended after the bell with investors turning towards Netflix for guidance. After the close, Netflix reported company earnings which easily beat analyst expectations and sent shares of the video-streaming giant up more than 14 percent in after-hours trading.