|Day's Range||2,621.30 - 2,674.35|
|52 Week Range||2,532.69 - 2,940.91|
The Bureau of Labor Statistics will be releasing CPI data, and Cisco holds its annual shareholder meeting. Here's what you need to know in markets on Wednesday.
Japanese and Australian stocks rose and futures indicated gains in Hong Kong and China, while contracts on the S&P 500 Index edged lower. Wednesday began with news that Huawei Technologies Co. Chief Financial Officer Meng Wanzhou was granted bail by a Canadian court. U.S. President Donald Trump said he could intervene in the case if it aids the China trade deal.
Australian stocks opened higher on Wednesday after another volatile trading session on Wall Street amid fresh uncertainties surrounding U.S.-China trade relations and the possibility of a government shutdown in Washington. The ASX 200 index gained 0.31 percent at the open, above yesterday's close of 5,575.9 points. Elsewhere in Asia, Nikkei futures in Osaka and Chicago pointed to a higher open for the Japanese index, following Tuesday's close of 21,148.02 points.
Investing.com - The Dow closed lower Tuesday as President Donald Trump's threat to shut down the government if Congress doesn’t fund his proposed border wall offset optimism on trade.
CNBC's Jim Cramer gets a historical take on the major averages from technician Rob Moreno, who says the stock market's recent volatility may not be as bad as it seems. Moreno says the averages are in a period of consolidation after a multi-year bull market. The stock market's recent swings might not be as bad as investors think, especially when stacked against their historical performance, technical expert Rob Moreno told CNBC's Jim Cramer on Tuesday.
Jeffrey Gundlach, chief executive of DoubleLine Capital, said Tuesday on an investor webcast that the Standard & Poor's 500 Index is likely to go below its February 2018 lows. Gundlach said global economic growth is slowing and weighing on corporate profitability, which will pressure U.S. stocks. Gundlach, who oversees more than $123 billion in assets, said there has been a high correlation between central bank balance sheets and the global equity markets.
The Dow Jones Industrial Average slipped 0.2% to 24,370.24. The S&P 500 edged down a point to 2636.78, and the Nasdaq Composite gained 11.31 points to end at 7031.83.
The S&P 500 and the Dow closed marginally lower after volatile trading on Tuesday as investors swiveled their focus between China-U.S. trade talks, President Donald Trump's threat to shut down the U.S. government and political uncertainty in Britain. Late in the session, the BBC reported that enough letters were submitted by Conservative lawmakers to trigger a vote of no confidence in the leadership of British Prime Minister Theresa May, who has struggled to reach a deal on the country's European Union exit. Wall Street saw strong gains early in the day on news U.S. and Chinese officials had discussed a road map for trade talks, which Trump called "very productive." But late in the afternoon two U.S. lawmakers proposed a bill to ban the sale of U.S. products to Chinese companies that violate U.S. export or sanctions laws.
With more jobs opening up and wages increasing, one analyst says he is bullish on the stock market and the U.S. economy for the next few years. Yahoo Finance’s Alexis Christoforous and Co-Founder Thomas Fross of Fross & Fross Wealth Management discuss.
Theresa May is meeting with top EU leaders today to try to tweak the Brexit deal and make it more palatable for members of parliament. Yahoo Finance’s Alexis Christoforous, Editor-in-Chief Andy Serwer and Alanna Petroff examine the details.