|Day's Range||2,606.36 - 2,645.06|
|52 Week Range||2,346.58 - 2,940.91|
Investors will get a peek into the U.S. consumer’s outlook on the economy on Friday.
Belpointe Chief Strategist David Nelson says the “financials were priced for disappointment and anything on the positive side was going to cost a big rally.” Yahoo Finance’s Alexis Christoforous speaks to Nelson.
Stock ownership has gotten extremely concentrated in the U.S. with the top 1% owning half of equities held by American households.
JPMorgan Chase & Co. Chief Executive James Dimon received a compensation package valued at $31 million in 2018, up 5% from $29.5 million in 2017, according to a Thursday securities filing. The CEO earned a base salary of $1.5 million and $5 million in cash, the same as a year ago, and $24.5 million in restricted equity, according to a filing with the U.S. Securities and Exchange Commission. Mr. Dimon, who has run the bank since late 2005, was the highest paid banking and finance chief executive in the S&P 500 in 2017.
Small-cap stocks, as gauged by the Russell 2000 index (RUT) , are off to their best start to any year in the past 32 years, boasting a gain of 8.8% over the past 12 trading sessions, according to Dow Jones Market Data.
BEIJING (AP) — Stocks in Shanghai, Hong Kong and Tokyo advanced Friday after investors saw signs of possible progress toward settling the U.S.-Chinese tariff war.
Stocks in Asia gained Friday, building on the recent rally in risk assets, amid optimism for progress in U.S.-China trade talks that earlier lifted U.S. equities and Treasury yields. The S&P 500 Index earlier exceeded its 50-day average for the first time since December after the Wall Street Journal reported Treasury Secretary Steven Mnuchin proposed easing China tariffs.
By Caroline Valetkevitch NEW YORK (Reuters) - Global stock indexes rose on Thursday as optimism over a resolution to the trade war between the United States and China lifted sentiment, while sterling strengthened ...
Wall Street’s wild ride has shined a light on a segment of the stock market that is often forgotten: midcap stocks. Considered less risky than their small-cap counterparts, midcaps—which typically have a market capitalization between $2 billion and $10 billion—are now less expensive than smaller and larger peers after the stock market’s punishing fourth-quarter selloff. “Midcaps are the orphaned index,” said Mark Fried, president of TFG Wealth Management, which has $100 million in assets under management.
Bank of America Corp.’s wealth-management business did what its Wall Street rivals couldn’t during a wild fourth quarter: It grew its revenue. For the parent of Merrill Lynch and U.S. Trust, wealth-management revenue rose 7% to $4.99 billion from a year earlier. Wealth-management head Andy Sieg said the result represents the highest quarterly revenue since Bank of America bought Merrill Lynch a decade ago.
This week’s annual parade of bears and bulls in London showed an intriguing agreement on two points: Companies with little debt are very expensive, and cheap companies are really very cheap indeed. The back-to-back strategy conferences of Société Générale and Goldman Sachs often appear to be a bearfest and bullfest. Strategist Albert Edwards at SocGen reprised his role as a permabear, setting out a vision of a catastrophic future featuring recession, a Chinese hard landing and Italian threats to the euro leading to unprecedented negative yields on 10-year U.S. Treasurys.
Asia Pacific markets rose on Friday morning as investors reacted to a report that said American officials were weighing the possibility of easing tariffs on China, in a bid to push forward trade talks. U.S. Treasury Secretary Steven Mnuchin proposed lifting all or some of the tariffs on Chinese imports to give Beijing a reason to make deeper concessions in ongoing trade talks between the two countries, The Wall Street Journal reported Thursday, citing sources.
U.S. investors seem to be willing to accept a bad trade deal with China if it means getting back to "business as usual," says CNBC's Jim Cramer. It hardly matters, though, because stocks have more upside than downside here, Cramer says. The stock market's positive response to a report that U.S. officials were considering lifting tariffs on China to get a trade deal was telling, but it wasn't necessarily good, CNBC's Jim Cramer said Thursday.
The market jumped sharply following a report that U.S. officials are considering lifting tariffs on Chinese imports as a way to advance trade talks. Gains soon faded.
Global stock indexes rose on Thursday as optimism over a resolution to the trade war between the United States and China lifted sentiment, while sterling strengthened amid hopes of a second referendum on Britain's membership in the European Union. U.S. Treasury Secretary Steven Mnuchin discussed lifting some or all tariffs imposed on Chinese imports and suggested offering a tariff rollback during trade discussions scheduled for Jan. 30, the Wall Street Journal reported on Thursday, citing people familiar with the internal deliberations. U.S. stocks rallied following the report, but pared some of those gains after a Treasury spokesperson told CNBC that Mnuchin had not made any such recommendations.
U.S. stocks climbed Thursday after the Wall Street Journal reported that U.S. officials could reduce the new tariffs on Chinese imports as part of trade negotiations between the two countries. It was the latest in a series of potentially conflicting updates on the trade dispute.
Carter Worth, Cornerstone Macro, on the ultimate catch-up trade. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Dan Nathan and Guy Adami.