|Day's Range||2,766.91 - 2,805.75|
|52 Week Range||2,532.69 - 2,940.91|
U.S. Secretary of State Mike Pompeo meeting with the Saudi King and Crown Prince over the disappearance of journalist Jamal Khashoggi. Yahoo Finance's Seana Smith, Zack Guzman, Rick Newman, and Brian Cheung discuss with former U.S. Ambassador tor Turkey Robert Pearson.
Fund managers expect the global economy to slowdown in the next year at the highest rate since November 2008, when the economy was already feeling the effects of the financial crisis.
DEEP DIVE Even as the bull market soon turns 10 years old, you might be surprised about how many stocks are trading much lower than their all-time highs. Taking a closer look can provide food for thought for bargain hunters.
It was a sea of green Tuesday as U.S. stocks rally on upbeat earnings reports and robust economic data, helping the market to shake off the previous session’s weakness.
Now, amid a less severe sell-off that may well be over, the chief investment strategist at Northern Trust saw a catalyst to go defensive -- a more hawkish Federal Reserve. This month, the $1 trillion manager cut equity holdings in the U.S. and emerging markets, shifting the money to investment-grade bonds.
The Dow Jones Industrial Average was trading sharply higher midday Tuesday, putting blue chips on track to book the best one-day gain since March. The Dow was up about 492 points, or 2%, at 25,739. If it holds the gain would represent the best point and percentage climb since March 26. Tuesday's rally was partly on the back of a surge in shares of component UnitedHealth Group Inc., which was delivering a roughly 70-point jolt to the price-weighted equity gauge. Share rises for UnitedHealth come after the health-care company raised its full-year earnings outlook and said it continues to see growth in health-care plan membership and premiums. Meanwhile, the S&P 500 index was climbing 2% at 2,804 and the Nasdaq Composite Index advanced by 2.6% to 7,620. Wall Street investors appear to be focusing upbeat earnings, including those from Goldman Sachs Group Inc. , Johnson & Johnson and Morgan Stanley .
U.S. stocks surged on Tuesday after upbeat earnings reports from major companies including UnitedHealth and Goldman Sachs and solid economic data, as equities rebounded from a recent sharp sell-off. Wall ...
Kroger Co. says it launched wine delivery "within the past week" through a partnership with Drinks, an online wine marketplace. Kroger has a website for wine ordering, with delivery available in 14 states including Florida, Nevada and New Hampshire. Last Thursday, Kroger announced the October roll out of Wine Society canned wine to select Ohio and Kentucky stores. Kroger shares are up 33% for the past year, outpacing the S&P 500 index , which is up 9.7% for the period.
The Cboe Volatility Index VIX, a measure of implied volatility on Wall Street, fell nearly 16% to just below 18 on Tuesday, putting the index on pace for its sharpest daily drop since February, according to FactSet data. The decline in the VIX to around 17.94 puts its on pace to mark the largest one-day stumble since Feb. 14. The move comes after the VIX hit its highest level in months to close at 24.98 amid a broad rout for equity benchmarks. Wall Street's so-called "fear index" is a measure of bearish and bullish options bets on S&P 500 in the coming 30 days and tends to fall as stocks rise and vice versa. Both implied and realized volatility have been surging in recent days. Tuesday's gains came as the Dow Jones Industrial Average jumped 500 points, the S&P 500 index climbed 1.9% and the Nasdaq Composite Index was trading more than 2%. Last week, investors reacted to a recent surge in government bond yields, with the 10-year Treasury note yielding 3.26%.
"In a midlife crisis people do irrational things and they do them at inopportune times," Mayflower Advisors' Larry Glazer says. Glazer believes last week's scare makes right now an "opportune time" for investors to rebalance their portfolios. The recent market sell-off was not the start of a longer-term bear market, but rather a temporary "midlife crisis," veteran wealth manager Larry Glazer told CNBC on Tuesday.
The S&P 500 surged back above 2,800 as it continues a rebound from last week’s sell-off, while small caps in the Russell 2000 Index jumped the most in almost two years. The Nasdaq Composite headed for its biggest gain since March as UnitedHealth Group’s earnings bolstered health-care firms. Adobe Inc.’s forecast lifted software makers as technology stocks advanced before Netflix reports after markets close.
The S&P 500 Tuesday afternoon regained its purchase atop a psychologically significant level at 2,800, on the back of a health-care and technology-inspired stock rally. The S&P 500 , most recently, was up 1.9% at 2,802, returning to a level the broad-market benchmark lost grip on during a nasty Oct. 10 rout. The S&P 500 has declined seven of the past eight sessions (not including Tuesday). Tuesday's gains were broad based with all 11 of its sectors trading solidly higher. The day's rally comes amid apparent enthusiasm surrounding a batch of quarterly corporate results from UnitedHealth Group Inc. , Goldman Sachs Group Inc. and others that were seen as upbeat and reaffirming the vitality of earnings and an economic expansion that has thus far underpinned market gains. However, last week investors drove shares lower on fears of rapidly rising interest rates, which equate to higher borrowing costs for companies.
The increasing popularity of craft beer could prove to be an opportunity, rather than a threat, for Anheuser-Busch InBev (BUD). The company is now the biggest craft beer producer by volume in the U.S. following a number of acquisitions. Alongside its growth potential in craft beer, the company's marketing efforts have gained a boost from the World Cup and from a deal with the Major League Baseball Players Association.
A net 38% of fund managers expect global growth to decelerate in the next year, according to Bank of America Merrill Lynch’s October survey, the worst outlook since November 2008. But they’re not bearish enough to offer a contrarian buy signal.