|Day's Range||2,817.38 - 2,860.31|
|52 Week Range||2,346.58 - 2,940.91|
President Donald Trump says the economy would have grown over 4% in 2018 if the Fed did not raise rates four times.
Tony Dwyer, Chief Market Strategist and Sr. Managing Director of Canaccordia Genuity talks market strategy with Yahoo Finance's Julie Hyman and Adam Shapiro
Stock futures: Nike earnings beat late, but shares fell on North America sales. Apple led Thursday's rally, but it was broad-based. Here are three hot growth plays in buy range.
Shares in Australia gained in early trade. In overnight market action stateside, stocks advanced as investors continued to grapple with the potential implications of a recent U.S. Federal Reserve policy statement. Stocks in Asia were set to slip at the open despite an overnight surge on Wall Street, with the Dow Jones Industrial Average posting a gain of more than 200 points.
The dollar rebounded after a four-day decline, while government bonds stabilized. Futures pointed higher for stocks in Japan, Hong Kong, China and Australia. The S&P 500 Index staged a broad-based advance earlier that saw tech shares climbing alongside the real estate and consumer sectors, though financials continued falling for a third day.
The biotech lost nearly a third of its market value on news Biogen halted trials for its Alzheimer’s treatment. The Dow Jones Industrial Average rose 0.84% to close at 25,962.51. The S&P 500 gained 1.09% to end at 2854.88, and the Nasdaq Composite surged 1.42% to end at 7838.96.
Technology companies powered a broad rally for U.S. stocks Thursday, snapping the market's two-day losing streak. Retailers and industrial companies also notched solid gains, which offset losses in financial ...
Technology companies powered a broad rally for U.S. stocks Thursday, snapping the market's two-day losing streak.
Retailer The Children's Place Inc. said late Thursday it was raising its quarterly dividend 12% to 56 cents a share from 50 cents a share. Children's Place stock is flat after hours and closed down 0.5% during the regular session. The S&P 500 index gained 1.1%.
The Federal Reserve's decisive statement this week that interest rates are unlikely to rise this year sends a signal to U.S. households: keep buying stuff. The Fed tries to guide the U.S. economy by controlling the interest rate banks charge one another for overnight loans. Moving this rate up lifts other rates in the economy, making it costlier for people to use their credit cards or to buy homes and cars.
Advanced Micro Devices Inc. said late Thursday that its chief executive got a substantial rise in compensation in 2018 and that two board member are not up for re-election. In a proxy filing with the Securities and Exchange Commission, AMD said that CEO Lisa Su received $13.4 million in compensation in 2018 including her $961,000 base salary, up from $10.9 million in compensation in the previous year. Since Su was appointed CEO in October 2014, AMD shares have soared 965% compared with a 52% gain in the S&P 500 index . In 2018, AMD shares rose 80% as the S&P 500 shed 6%. AMD also said that board members Michael Inglis and Amhed Yahia are not nominated for re-election this year. AMD's annual stockholders' meeting is scheduled for May 15.
By Rodrigo Campos NEW YORK (Reuters) - Wall Street led global stocks higher on Thursday on the back of upbeat economic data, while the dollar rallied despite the Federal Reserve's uber-dovish stance as ...
U.S. stocks close higher Thursday on the back of a rally in the technology sector, while shares of Apple Inc. surged, helping to propel the Dow.
Clearly, investors were overjoyed with the prospect that the Fed had their backs. The concern here is that the Fed’s moves will only serve to suppress market rates, putting further pressure on the already razor-thin difference between the short-term rates banks pay on their own borrowings and the long-term rates they charge lenders. In the banking business, this is known as the net interest margin.
An Apple-led tech rally pushed Wall Street higher on Thursday as jitters over the Federal Reserve's forecast of an economic slowdown were calmed by upbeat economic data. All three major U.S. stock indexes ended the session in the black, with the Nasdaq showing its fifth straight advance, the Dow posting its best day in over a month and the benchmark S&P 500 closing less than 3 percent below its all-time high set in September. On Wednesday, the Fed surprised investors with a policy statement that was more dovish than expected, as it anticipated no further interest rate hikes this year due to signs of softness in the U.S. economy.
Stocks shook off a weak start and rallied to close at or near session highs Thursday, as Apple and other surging techs led the broad advance.
U.S.-based equity funds attracted over $3.6 billion in the week ended on Wednesday, their second straight week of inflows, according to data from Refinitiv's Lipper research service on Thursday, thanks ...
E.L.F. Beauty has named Mandy Fields chief financial officer, succeeding John Bailey, who stepped down from the role, effective March 31. Fields joins from BevMo, a top retailer of alcoholic beverages on the West Coast. She has 15 years of finance experience. E.L.F. Beauty shares closed up 0.3% in Thursday trading, and have gained 14% in 2019. The S&P 500 index has also gained nearly 14% for the year to date.