|Day's Range||2,725.70 - 2,739.19|
|52 Week Range||2,386.92 - 2,872.87|
Stocks take off as the free traders in the White House prevail, for now.
The Dow Jones Industrial Average jumped nearly 300 points today. If the Dow Jones Industrial Average's slump from its January high was about the potential for a trade war, then one of the biggest impediments to further gains appears to have been removed today. In tweets and other reports, the White House appeared to suggest that it would hold off on placing tariffs on China in favor of negotiations.
One reason is that most investors still don’t believe oil prices and energy stocks will hold, or are headed higher. This means energy stocks remain a kind of contrarian play, despite the recent gains. Rising oil prices will help a lot.
The Russell 2000 has gained 6.2% so far this month, well more than the S&P 500's 3.2% rise, the Dow industrials' 3.5% rise, and the Nasdaq Composite's 4.6% rise. During the handful of times in the last four decades when the Russell has been the first of the four major indexes to hit a 52-week high after all those indexes went at least 30 days without one, the record has been mixed, according to Jason Goepfert of Sundial Capital Research. Mr. Goepfert found that sometimes stock indexes have all subsequently drifted downward, while sometimes all have gained.
Chip-maker stocks traded higher Monday after Micron Technology Inc. raised its outlook for the quarter and broader markets rose on an apparent easing in trade tensions with China.
U.S. stocks rose on Monday and gains in industrials helped propel the Dow to a more than two-month closing high, after a truce between the United States and China calmed fears that a trade war might be imminent. U.S. Treasury Secretary Steven Mnuchin's comments over the weekend that the two countries had put the prospect of a trade war "on hold" and agreed to hold more talks to boost U.S. exports to China boosted stocks at the opening, with the Dow Jones Industrial Average (.DJI) leading the charge higher. Mnuchin said on Sunday the United States and China had agreed to drop their tariff threats, and China on Monday praised a significant dialing back of tensions.
U.S. stocks rose on Monday and gains in industrials helped propel the Dow to a more than two-month closing high, after a truce between the United States and China calmed fears that a trade war might be imminent. U.S. Treasury Secretary Steven Mnuchin's comments over the weekend that the two countries had put the prospect of a trade war "on hold" and agreed to hold more talks to boost U.S. exports to China boosted stocks at the opening, with the Dow Jones Industrial Average leading the charge higher.
The Dow industrials reclaim footing above a psychologically significant level at 25,000 and the S&P 500 finished at in a roughly nine-week high as investors applaud easing trade animosities between the U.S. and China. From 1978 through 2015, the median size of the single-family home increased every year until it peaked at 2,467 square feet, according to the U.S. Census Bureau. Netflix has found new running mates for the coming years, as the streaming video service announced Monday a deal with Barack and Michelle Obama to produce films and series.
As stocks rose on easing worries over trade, General Electric announced it is selling its rail business to Wabtec, and Micron Technology raised guidance.
On a per-share basis, the London-based company said it had a loss of 51 cents. Earnings, adjusted for non-recurring costs and restructuring costs, were 15 cents per share. The results fell short of Wall ...
Industrial and technology companies led stocks to solid gains Monday after the U.S. and China appeared to make significant progress in trade talks. That helped ease concerns among investors that the world's two biggest economies might be headed for a trade war.
The S&P 500 Index rallied Monday, but trying to assign logic to the move feels a bit like a fool's errand. When pressed for a reason, investors cited a de-escalation of trade tensions between the U.S. and China over the weekend, but that doesn't feel satisfying. Ever since the big drop in late January and early February, the S&P 500 has been stuck in a trading range of between 16 and 18 times forward 12-month earnings estimates, according to Morgan Stanley Chief U.S. Equity Strategist Michael Wilson.
Netflix Inc. has found some new running mates for the coming years, as the streaming video service announced Monday a deal with Barack and Michelle Obama to produce films and series. Netflix shares(NFLX)rallied 2.4% Monday, to close just 1.3% below the April 17 record close of $336.06. The New York Times first reported in March that the Obamas and Netfilix were in talks to produce a series of shows.
Facebook, Twitter, Akamai, Google-parent Alphabet and Alibaba all have new handles, following last week's stock market drift. All rallied Monday, with Twitter attempting a breakout.
MKM Partners is bullish about Target Corp. first-quarter earnings, scheduled for release on Wednesday before the opening bell, thanks to brands like Universal Thread and Opalhouse. Analyst Patrick McKeever thinks the 10-plus exclusive brands that Target (TGT) launched in the past year are setting the retailer apart and improving traffic.
The small cap Russell 2000 is outperforming the large cap S&P 500 year-to-date on trade war fears from earlier this year. But now that trade war tensions are easing, will this continue? On "Charting ...
U.S. stocks rose on Monday after the United States and China put their trade differences "on hold" to work on a wider agreement, while sentiment was also boosted by deal activity. The Dow Jones ...
U.S. stocks closed solidly higher on Monday, with industrial stocks leading the market higher as concerns over a potential trade war with China showed signs of fading. The Nasdaq Composite Index added 0.5% to 7,394. The Russell 2000 index of small capitalization stocks rose 0.5%, ending at a record for a fourth straight day.
Yield hungry investors have one less excuse for avoiding government bonds after the inflation-adjusted yield on the 10-year Treasury note hit a seven-year high last week. “This is big given [the real yield’s] critical role in the pricing of financial assets. This is yet another vivid example of the TINA (‘there is no alternative’) argument for owning stocks increasingly losing its appeal,” said David Rosenberg, chief economist for Gluskin Sheff, in a recent note.
The S&P 500 Index (SPY) continued its negative run with another lower close in April. The Conference Board Leading Economic Index (or LEI) uses the performance of the S&P 500 Index (VOO) as one of the constituents of the LEI. The inclusion of the S&P 500 performance in the Conference Board Leading Economic Index (or LEI) is supported by econometric evidence, as some economists would argue that the stock markets are not a true reflection of the state of the economy.