|Day's Range||2,755.18 - 2,806.04|
|52 Week Range||2,532.69 - 2,940.91|
Fed Vice Chair Randal Quarles said Thursday that he has an "optimistic" outlook on the economy, adding that his preferred rate hike path is "more gradual" than others on the Fed.
Procter & Gamble, Citizens Fincl., State Street and Synchrony are expected to report before the bell. On the data front, existing home sales numbers are due at 10 a.m. ET. At 4 a.m. ET, Dow futures were up by 23 points, indicating a higher open of 39.55 points.
The Stoxx Europe 600 Index edged lower, with carmakers declining after Michelin warned of declining sales. China’s efforts to stem a selloff came as growth data for the world’s second biggest economy registered slightly below expectations, as the trade showdown with the U.S. starts to bite.
Global stocks shrugged off a series of headline risks Friday, including the weakest economic growth in China since the financial crisis, allowing markets in Europe and Asia to rebound on the final trading ...
Yes, Chinese and Hong Kong shares rallied after their mid-day breaks, but it took a whopping four hours for that to happen after China propped up the market earlier on Friday. The fact of the matter is, a 2 to 3 percent climb today won’t remove China’s title as the world’s worst stock market. The bounce has certainly pulled other Asian markets up with the mainland rally (Shenzhen stocks climbed 2.6 percent) in afternoon trading, but the MSCI Asia Pacific Index is still down 0.1 percent as of 3:02 p.m. in Hong Kong after dropping as much as 1 percent earlier today.
By Andrew Galbraith SHANGHAI (Reuters) - Asian stocks clawed back losses on Friday as China's efforts to bolster investor confidence helped its share markets rally, although data showing the world's second-largest ...
Asian stocks clawed back losses on Friday as China's efforts to bolster investor confidence helped its share markets rally, although data showing the world's second-largest economy growing at the slowest pace since 2009 capped broader gains. The MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3 percent after earlier falling as much as 0.9 percent ahead of the release of China's latest GDP reading. Spreadbetters in Europe expect shares in Germany, where big exporters are sensitive to the health of China's economy, to fall at the open, with the DAX seen opening down 0.15 percent.
BEIJING (AP) — Asian stock markets were mixed Friday after Wall Street declined on losses for tech and industrial stocks and Chinese economic growth slowed.
Investing.com - Asian stocks fell in morning trade on Friday after official data showed China’s economy slowed more than expected in the third quarter of 2018.
U.S. Treasury markets posted a wicked two-sided trade on Thursday. The first move by yields was to the upside, driven by Wednesday’s hawkish Fed minutes, which strongly indicated the Fed will remain on its tightening path. Yields began to fall on safe-haven buying after European Central Bank President Mario Draghi criticized plans by certain member countries to increase borrowing limits, sending Italian and Spanish yields up sharply.
The Dow Jones Industrial Average tumbled more than 300 points as geopolitical tensions and worries about the state of the global expansion renewed concerns over the durability of the longest bull market rally ever. Losses accelerated throughout Thursday’s session, pulling the Dow industrials down as much as 471 points at one point, as investors confronted several more threats to the market, including companies struggling with rising costs, further instability in the European Union and increasing pressure between the U.S. and Saudi Arabia. While the selloff was broad, investors culled risky stocks from their portfolios, punishing shares of fast-growing companies that have led the market higher this year.
Stock markets fell a bit in the United States to kick off the Thursday session, but it looks as if they are finding a certain amount of buying pressure underneath. Because of this, it’s likely that we could see a bit of a rally after this recent brutal selloff.
Thursday’s pressure began early in the session when U.S. Treasury yields traded back around multi-year highs on Thursday. The rise in yields came a day after the Fed minutes showed the central bank is still convinced tighter monetary policy is the best course of action for the economy to remain steady.
Investing.com - Intuitive Surgical (NASDAQ:ISRG) reported third quarter earnings that missed analyst's expectations on Thursday and revenue that topped forecasts.
After a turbulent morning, Greater China markets rebounded strongly, following a series of measures by China's securities regulator to support the struggling stock market. China's GDP numbers showed its economic growth slowed to 6.5 percent year-over-year in the third quarter of 2018. Stocks in Asia were mixed on Friday after China's GDP growth for the third quarter of 2018 came in below expectations.
The British royal family needs impeccable timing and a strong sense of duty, but arranging for a royal baby to arrive around the March 29 date set for Brexit next year is going above and beyond. Sadly for the government, the announcement of Meghan Markle’s pregnancy—along with a minor royal wedding—hasn’t managed to distract from its troubles at the negotiating table with the European Union. Despite the crisis, the London stock market is calm, and those looking for bargains will be disappointed.
Market watchers like Ryan Detrick, senior market strategist at LPL Research, are sanguine about the market’s retreat given its tendency to save the best for last during midterm years.
Investing.com – The Dow tumbled on Thursday, led by a plunge in tech stocks as fears over steeper U.S. rates and a slowdown in China prompted investors to abandon risk assets.
CNBC's Jim Cramer explains how strong earnings can take the guesswork out of your next investment. The "Mad Money" host also hears from a former Victoria's Secret executive who now runs a cannabis company. "In a sell-off during earnings season, you can't have a lot of guesswork.
American Express said its third quarter profits jumped by 22 percent from a year earlier, as the credit card giant benefited from a lower tax rate and increased spending on the company's credit cards. The results beat analysts' expectations, who were looking for AmEx to earn $1.77 a share, according to FactSet. "We delivered strong results this quarter driven by higher card member spending, fee income and loans," said Stephen Squeri, the company's chairman and chief executive officer.
A healthy dose of job growth has long been seen as a likely cure for poverty. PARIS (AP) -- Senior government officials from the U.S., France, Britain and the Netherlands joined a growing list of people cancelling out of an investment conference in Saudi Arabia. Many business executives and financial leaders, include IMF chief Christine Lagarde, have already canceled as well.
North American Construction (NOA) closed the most recent trading day at $11.27, moving +0.45% from the previous trading session.