|Day's Range||2,833.73 - 2,855.63|
|52 Week Range||2,417.35 - 2,872.87|
Shares of companies like Amazon.com Inc., Netflix Inc. and Salesforce.com Inc. have surged this year, driving the stock market higher but also pushing valuations to what some investors consider worrisome levels. The valuation of the average stock in the S&P 500 is now in the 97th percentile of historical levels, according to Goldman Sachs Group Inc., which analyzed 40 years of market pricing and valuation data. The valuation level is thanks in large part to the rise of highflying tech stocks.
Asian share markets crept cautiously higher on Monday as investors awaited developments on proposed Sino-U.S. trade talks, while keeping a wary eye on the Chinese yuan and Turkish lira for any new signs of strain. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.3 percent in early trade, with South Korea leading the way with a rise of 0.6 percent. Japan's Nikkei wavered either side of flat, much as did the yen on the dollar.
By Wayne Cole SYDNEY (Reuters) - Asian share markets crept cautiously higher on Monday as investors awaited developments on proposed Sino-U.S. trade talks, while keeping a wary eye on the Chinese yuan ...
Asia markets are poised for a moderately positive open on the first trading day of the week following the positive close in markets stateside last week. The Wall Street Journal reported last Friday that trade talks between U.S. President Donald Trump and Chinese leader Xi Jinping were being planned for November. Asia markets are set to open moderately higher on Monday, following a higher finish on Wall Street last Friday after a report said President Donald Trump and Chinese leader Xi Jinping hope to discuss U.S.-China trade in November.
Maersk, Musk and a mixed open. Here are some of the things people in markets are talking about today. The U.S. economy will be hit many times harder than the rest of the world by an escalating global trade war, according to the chief executive officer of A.P. Moller-Maersk A/S. Soren Skou, who runs the world’s biggest shipping company from Copenhagen, said the fallout of the current protectionist wave “could easily end up being bigger in the U.S.” Tariffs could slow global annual trade growth by 0.1 percent to 0.3 percent, though for the U.S. the effect could be “perhaps 3 or 4 percent,” he said at Maersk’s headquarters on Friday. Tesla Inc. Chief Executive Officer Elon Musk has ruled out changing his ways in response to an open letter from Uber Technologies Inc. board member Arianna Huffington. It follows an interview with the New York Times last week, in which Musk said he sacrificed family milestones in the race to meet Tesla production targets. Tesla shares plunged 8.9 percent on Friday after the interview with the New York Times in which he described the past 12 months as “the most difficult and painful year of my career.” References to Ambien use and driving while tweeting are fueling calls for Tesla’s board to step up its oversight of the company’s CEO and largest shareholder.
Asian equities open mixed Monday as traders look for clues from earnings reports, developments in the trade war and a meeting of central bankers in Jackson Hole later in the week to gauge the outlook for markets. Japan’s shares were off to a muted start, while South Korea’s equities rose and futures indicated Hong Kong shares may open with small declines. Bond traders are betting recent market turmoil won’t throw the Federal Reserve off its tightening course, They expect the Fed will raise rates at its next meeting and this week’s Jackson Hole symposium could provide clues as to whether such confidence is warranted as the spread between 2- and 10-year yields narrowed to the least since 2007 on Friday.
Just days before the anniversary of what's expected to be the longest bull market in U.S. history, David Stockman is warning investors a crash is inevitable. Stockman, who served as the Office of Management and Budget director in the Reagan administration, puts a large part of the blame on Washington's decision to place tariffs on China and the ballooning budget deficit. According to Stockman, the China trade war is the primary catalyst that could finally pushes stocks over the edge.
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, Amazon, Netflix and Alphabet 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 is up 16 percent in 2018, making tech Wall Street's top performer.
The S&P 500 is up well over 300 percent over the last nine years, but health insurance stocks have logged even more impressive gains. In March 2009, when the stock market hit bottom, health insurance stocks hardly seemed like a sure bet.
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.