|Day's Range||2,763.91 - 2,774.86|
|52 Week Range||2,405.70 - 2,872.87|
Jun.20 -- Eric Dugan, 3D Capital Management president, analyzes the S&P 500 e-mini futures with Bloomberg's Abigail Doolittle on "Bloomberg Markets."
"The bottom line is that trade wars are akin to zero-sum games or mutually assured destruction."
Paul Tudor Jones, a hedge-fund luminary, on Monday said the next economic downturn confronted by the U.S. could be an ugly one. “We’ll have monetary policy, which will exhaust really quickly, but we don’t have any fiscal stabilizers,” Jones said. Jones’s comments come after he told CNBC last week that stock market and bond yields are set for a ‘crazy’ rise.
Eric Dugan, 3D Capital Management president, analyzes the S&P 500 e-mini futures with Bloomberg's Abigail Doolittle on "Bloomberg Markets." (Source: Bloomberg)
Stocks on world markets edged higher on Wednesday, recovering from a recent sell-off on rapidly escalating China-U.S. trade tensions, while Treasury yields rose after the Federal Reserve chairman said ...
According to data provided by the U.S. Bureau of Labor Statistics, the US Consumer Price Index, or the inflation index, remained unchanged in May compared to April. The figure was in line with the market expectation of a 0.2% increase. The rise in May’s inflation index was primarily due to the improvement in prices in the gasoline index, energy index, and the shelter index.
The index has closed down for six straight sessions, the Dow's longest losing streak since March 2017. increased its bid for Twenty-First Century Fox Inc. Wall Street also was processing comments from Federal Reserve Chairman Jerome Powell, who said at a European Central Bank conference in Portugal that the central bank was likely to gradually increase interest rates.
By Caroline Valetkevitch NEW YORK (Reuters) - Stocks on world markets edged higher on Wednesday, recovering from a recent sell-off on rapidly escalating China-U.S. trade tensions, while Treasury yields ...
Many business executives, management consultants, financial analysts, and investors have ransacked lists of thriving companies, looking for shared characteristics that explain their success. The fallacy of selecting traits after identifying successful companies is known by a variety of names, including the “Feynman Trap” and the “Texas Sharpshooter Fallacy.” This latter fallacy supposes that a self-proclaimed (Texan) marksman shoots a bullet at a blank wall and then draws a bullseye around the bullet hole. In the same way, any group of companies (great, good, or bad) will inevitably have several common characteristics.
The Nasdaq touched a record on Wednesday, lifted by a climb in large-cap tech and consumer discretionary names, while the Dow and S&P 500 were hemmed in as concerns over an escalation in the U.S.-China trade spat simmered. Twenty-First Century Fox Inc climbed 7.8 percent after Walt Disney Co, up 0.7 percent, sweetened its offer for some of the company's assets to $71.3 billion, looking to topple Comcast Corp's bid, up 2.2 percent.
From Shanghai (XSHG:000001.SS) to Germany (^GDAXI)(^GDAXI) escalating trade tensions are taking a toll on global markets. “One can understand if U.S. trading partners are getting frustrated,” says Michael O’Rourke of Jones Trading.
Micron Technology Inc. faces many questions when it reports earnings, with the most important focusing on concern that memory-chip prices have wandered too high even amid continued strong demand from data centers. Micron (MU) is expected to report earnings after the bell on Wednesday. Chinese regulators launched a probe into memory chip makers like Micron, Samsung Electronics Co Ltd. (005930.KS) and SK Hynix Inc. (000660.KS) earlier this month.
The Dow Jones Industrial Average got it half right in its latest shuffle. Walgreens’ heyday was a decade or more ago, when drugstore chains were hot growth companies. Walgreens, whose shares are up 3%, to $67.67, in trading on Wednesday, is the 102nd largest company in the S&P 500 index, with a market value of $64 billion.
Gold futures settle lower on Wednesday and mark a fresh nadir for 2018 as overall strength in dollar diminishes appetite for the yellow metal.