^GSPC - S&P 500
| Previous Close | 2,924.43 |
| Open | 2,930.94 |
| Volume | 1,586,736,328 |
| Day's Range | 2,904.51 - 2,939.08 |
| 52 Week Range | 2,346.58 - 3,027.98 |
| Avg. Volume | 3,485,552,343 |
- Yahoo Finance
Powell speaks in Jackson Hole — What to know in markets Friday
All eyes will be on Federal Reserve Chairman Jerome Powell Friday morning when he speaks at the Fed’s annual Jackson Hole Economic Policy Symposium.
- Yahoo Finance
Financial advisors offer simple advice on how to navigate a recession
Worries about future economic rough patches have been heating up in recent weeks, but there is a financial playbook for navigating the next recession.
- Yahoo Finance
Fed's George: Rate cuts 'not likely to resolve' trade uncertainty
Kansas City Fed President Esther George told Yahoo Finance that cutting interest rates is "not likely to resolve" uncertainty over trade.
- Barrons.com
Retailers Just Had a Great Week. Here’s What Comes Next.
Retail stocks have outperformed the broad market in recent days, but the big concerns haven’t gone away.
- Financial Times
Stocks rise as markets await Powell speech
Stocks in Asia and Europe ticked upwards as traders awaited further pointers from the US Federal Reserve’s annual summit, with chairman Jay Powell due to make the keynote address. European markets were higher in morning trading on Friday with the Stoxx Europe 600 up 0.4 per cent and on track for its best week since early June, following a broadly positive Asian session. The MSCI All-World stock index is on track for its first weekly gain in four, but the stock market optimism comes as investors turn their gaze to Jackson Hole Wyoming, where Mr Powell is due to address delegates later today.
- Bloomberg
Stocks Rise With U.S. Yields Before Powell Speech: Markets Wrap
(Bloomberg) -- Stocks climbed along with U.S. equity futures and Treasury yields as investors awaited Federal Reserve Chair Jerome Powell’s address at the Jackson Hole summit.The Stoxx Europe 600 Index advanced, heading for its first weekly gain in four weeks as nearly all sectors were in the green. Futures on the three main U.S. equity gauges also rose, as all eyes turn to the Fed chief for guidance after three policy makers at the central bank voiced resistance to lower interest rates. Gains were modest across Asia, with stocks in Hong Kong and China climbing while Korean equities edged down. The greenback nudged higher, while China’s offshore yuan briefly weakened to 7.1 per dollar. Euro-area government bonds fell.After a tumultuous August for markets amid concern over a slowing global economy and the escalating trade war, investors will be looking for confirmation of the quarter percentage-point U.S. rate cut markets have priced in for next month. Dissenting Fed voices may limit the prospects for the larger move that some, including President Donald Trump, have advocated.“The markets want more than the Fed is going to give here,” Alicia Levine, chief strategist at Bank of New York Mellon Corp., told Bloomberg TV. “There is real disagreement within the FOMC about where the U.S. economy is, and particularly the fact that the data has been stronger than one would expect. There’s a setup for Powell to disappoint the market.”This weekend, world leaders gather at the G-7 confab in Biarritz, though a spate of contentious issues, like Brexit, may stand in the path of forging a unified response to the global economic slowdown.Elsewhere, oil headed for its first back-to-back weekly gain since June. The kiwi rose after New Zealand’s central bank governor said he could afford to wait before deciding whether to add more support for the economy.Here are some of the main moves in markets:StocksFutures on the S&P 500 Index increased 0.4% as of 9:22 a.m. London time.The Stoxx Europe 600 Index gained 0.5%.The Shanghai Composite Index advanced 0.5%.The MSCI Emerging Market Index climbed 0.3%.CurrenciesThe Bloomberg Dollar Spot Index gained 0.1%.The euro dipped 0.1% to $1.1071.The British pound declined 0.4% to $1.2202.The onshore yuan was little changed at 7.084 per dollar.The Japanese yen fell 0.2% to 106.63 per dollar.BondsThe yield on 10-year Treasuries jumped four basis points to 1.65%.The yield on two-year Treasuries gained two basis points to 1.64%.Germany’s 10-year yield increased two basis points to -0.62%.Britain’s 10-year yield advanced four basis points to 0.552%.Japan’s 10-year yield climbed less than one basis point to -0.231%.CommoditiesWest Texas Intermediate crude increased 0.1% to $55.39 a barrel.Iron ore increased 4.3% to $87.03 per metric ton.Gold dipped 0.2% to $1,495.70 an ounce, the weakest in more than two weeks.\--With assistance from Caroline Hyde, Joanna Ossinger and Adam Haigh.To contact the reporter on this story: Yakob Peterseil in London at ypeterseil@bloomberg.netTo contact the editors responsible for this story: Christopher Anstey at canstey@bloomberg.net, ;Samuel Potter at spotter33@bloomberg.net, Namitha JagadeeshFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Reuters
GLOBAL MARKETS-Asian stocks cautious ahead of Powell's speech; yuan at fresh 11-1/2 yr low
Asian shares struggled to make headway on Friday as uncertainty over how much further the U.S. Federal Reserve would cut interest rates added to investors' worries over slowing global growth. With the U.S.-China trade war dragging on, and political tumult in Hong Kong, Italy and Britain adding to the tense backdrop, investors were keenly awaiting Fed Chair Jerome Powell's speech at a gathering of central bankers in Jackson Hole, Wyoming, later in the day (1400 GMT).
- MarketWatch
Activist threat: Why these five companies could come under attack
Data storage giant Western Digital, private-label food producer TreeHouse Foods, and tire manufacturer Goodyear are vulnerable to an attack from activist investors, according to shareholder-activism intelligence firm Activist Insight.
- Investor's Business Daily
Dow Jones Futures: Fed Chief Jerome Powell Speech Key For Stock Market Rally; Salesforce, VMware Buoy Software Sector
Stock futures: Fed chief Jerome Powell gives a key speech for the stock market Friday. Salesforce earnings as well as VMware deals to buy Pivotal and Carbon Black lifted software late.
- Reuters
Stocks, dollar climb before Powell's Jackson Hole speech
World stock markets and the dollar rose on Friday as investors looked to a speech by Federal Reserve chair Jerome Powell for clarification on whether the U.S. central bank remains on course to deliver another interest rate cut in next month. Suggesting markets remain broadly confident of further Fed easing, European stocks rebounded from the previous day's falls, with the pan-European STOXX 600 index gaining as much as half a percent in early deals. Britain's FTSE 100 index was up 0.64%.
- Barrons.com
The Dow Added 50 Points Because Fed Chair Powell Hasn’t Spoken Yet
The Dow Jones Industrial Average rose slightly, and the S&P 500 and the Nasdaq Composite edged lower. Investors are waiting to hear from Federal Reserve Chairman Jerome Powell on Friday.
- MarketWatch
Boeing’s shares buoy Dow industrials but broader stock market ends lower ahead of Powell speech
A rise in Boeing Co. stock helped to support the Dow index Thursday, but the broader market slipped after a survey showing the U.S. manufacturing sector contracting for the first time in a decade, and as a recessionary signal in the bond market flashed red.
- Reuters
US STOCKS-S&P 500 stalls in economic data offset, ahead of Fed chair's speech
The benchmark S&P 500 ended little changed on Thursday as a fall in U.S. jobless claims offset data showing a contraction in U.S. manufacturing activity while investors awaited Federal Reserve Chair Jerome Powell's speech on Friday for clues on the central bank's monetary policy. Data from the U.S. Labor Department showed initial claims for state unemployment benefits dropped more than expected last week, suggesting the labor market was holding firm despite a manufacturing slowdown and concerns the economy is on a path toward recession.
- Motley Fool
What Happened in the Stock Market Today
See why Nordstrom popped and L Brands dropped on a mixed day for the broader markets.
- Reuters
GLOBAL MARKETS-Stocks edge lower as investors eye Fed's Jackson Hole meeting
An index of stock markets worldwide crept lower on Thursday on uncertainty over the outlook for U.S. interest rate cuts and weak U.S. manufacturing data that raised concerns about the health of the world's largest economy. U.S. manufacturing industries in July recorded their first month of contraction in almost a decade amid concerns about whether the U.S.-China trade conflict would tip the economy into a recession, a private survey showed. "Manufacturing has been pretty weak across the globe for a while now and we are starting to see that bleed into the U.S.," said Joe Mallen, chief investment officer at Helios Quantitative Research.
- Reuters
Is the U.S. economy sinking or the strongest ever? For the Fed, no clear answer
The U.S. Federal Reserve is under pressure from President Donald Trump to cut interest rates. Investors expect the Fed to cut, perhaps by a lot. What's the holdup?Perhaps more than at any time in the last few years, the data flowing into the Fed isn't telling a clear story, partly because of contradictory signals - rising employment but slowing factory output, for example - but also because everything may be clouded by a trade war that shows no signs of ending.
- Bloomberg
Stocks Mixed as Tech Falls, Banks Rise; Bonds Drop: Markets Wrap
(Bloomberg) -- U.S. stocks were mixed as a slide in technology companies offset a rally in bank shares. Treasuries dropped as Federal Reserve officials cast doubt on further interest-rate cuts.The S&P 500 Index closed little changed, while the Dow Jones Industrial Average outperformed as Boeing Co. surged. The Nasdaq-100 Index fell. Ten-year yields climbed after Philadelphia Fed President Patrick Harker told CNBC that he’s “on hold” right now for further monetary easing. His comments were in line with those of Kansas City counterpart Esther George, who said the U.S. doesn’t need lower rates. Fed Bank of Dallas President Robert Kaplan said that he wanted to be careful about cutting interest rates again “unless we have to.”Read: Fed’s Regional Presidents Lining Up Against Additional Rate CutsMarkets have been whipsawed amid concern over economic weakness, the path of interest rates and U.S.-China trade tension. Fed Chairman Jerome Powell could provide more guidance on policy when he speaks Friday at the annual Jackson Hole symposium. Investors have priced in a quarter percentage-point rate cut next month, but dissenting Fed voices may limit the prospects for the larger move that some have advocated, including President Donald Trump.“The big question mark is just going to be Jackson Hole -- what’s Powell going to say?” said Chris Zaccarelli, chief investment officer for Independent Advisor Alliance. “You’re seeing the market going higher and lower this week heading into tomorrow, where we could get some market-moving commentary out of Powell’s speech.”Elsewhere, most euro-area government bonds fell as the European Central Bank expressed concern that investors were losing faith in its ability to revive inflation and after a measure of German manufacturers reinforced recession concern. The British pound jumped as investors seized on hints from European leaders that a Brexit deal could still be reached.Here are some notable events coming up:Fed Chairman Jerome Powell speaks at the central bank’s symposium in Jackson Hole, Wyoming, Friday.Here are some of the main moves in markets:StocksThe S&P 500 was little changed at 2,922.95 at 4 p.m. in New York.The Stoxx Europe 600 Index declined 0.4%.The MSCI Asia Pacific Index fell 0.4%.The MSCI Emerging Market Index dipped 0.8%.CurrenciesThe Bloomberg Dollar Spot Index was little changed.The euro was little changed at $1.1081.The British pound climbed 1% to $1.2256.The Japanese yen strengthened 0.2% to 106.40 per dollar.BondsThe yield on 10-year Treasuries increased two basis points to 1.61%.Germany’s 10-year yield gained three basis points to -0.64%.Britain’s 10-year yield rose four basis points to 0.517%.CommoditiesThe Bloomberg Commodity Index dropped 0.5%.West Texas Intermediate crude fell 0.6% to $55.35 a barrel.Gold dipped 0.5% to $1,508.50 an ounce.\--With assistance from David Wilson, Paul Allen, Adam Haigh, Yakob Peterseil, Todd White and Sarah Ponczek.To contact the reporters on this story: Rita Nazareth in New York at rnazareth@bloomberg.net;Vildana Hajric in New York at vhajric1@bloomberg.netTo contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Rita NazarethFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Bloomberg
It's a Pretty Lame Earnings Slowdown When You Look Under Hood
(Bloomberg) -- Everyone’s freaking out about paltry profit growth, but a few statistics shows that this year doesn’t quite qualify as a disaster in the U.S.If you just threw a dart at a list of S&P 500 companies, for instance, you’d still be twice as likely to hit one that saw earnings rise in the second quarter than fall. Yes, the share-weighted average growth rate was depressing -- 2.1% -- but framing it as a recession is a little overbaked.The dart experiment is a translation of an indicator tracked by Bloomberg Intelligence called “earnings breadth,” plotting companies with rising versus falling income in any given quarter. At 67.7%, the percentage ticked up from 66.9% in the prior quarter, the first sequential increase in a year. More than 95% of S&P companies have reported quarterly results.“Signs of bottoming in our measure could signal a rosier outlook for stock prices and earnings trends,” said Gina Martin Adams, chief equity strategist at Bloomberg Intelligence. “The percentage of companies with higher year-over-year EPS has been a leading indicator of price peaks and tends to confirm lows.”Most analysts measure the health of S&P 500’s earnings by share-weighted profit growth, but earnings breadth has a good record in pointing to market tops and bottoms. Two months before the S&P 500 posted an all-time high in September 2018, the indicator climbed to 88%, Bloomberg Intelligence data showed. Breadth hit a low of 54.1% in December 2015, two months before stocks bottomed in February 2016.Of course, an uptick in earnings breadth doesn’t guarantee the worst is over. Analysts expect to see a 2.7% profit drop in the third quarter before earnings return to growth in the fourth quarter. Overall, they expect a 2.7% earnings growth this year and anticipate a 10% expansion in 2020 and 2021.To contact the reporter on this story: Elena Popina in New York at epopina@bloomberg.netTo contact the editors responsible for this story: Brad Olesen at bolesen3@bloomberg.net, Chris Nagi, Jeremy HerronFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
