|Day's Range||2,660.61 - 2,693.94|
|52 Week Range||2,352.72 - 2,872.87|
The major equity averages from around the world are not in sync technically, but it’s clear that years of a bull market for stocks have ended. The question remains, how long will this random up and down volatility will continue?
Global equities slipped on Monday as U.S. bond yields approached the 3 percent level that has triggered market spasms in the past and investors awaited earnings results from some of the world's biggest firms. Equity markets which have risen for the past two weeks, have come under pressure as oil's latest moves higher have fuelled inflation worries and pushed up government bond yields -- the yield on 10-year U.S. Treasuries hit its highest level since January 2014 at 2.99 percent. Oil prices edged down but stayed near their highest since late-2014, with futures around $74 per barrel.
NORTH KOREA: Much of the focus in financial markets relates to geopolitical issues, especially in the run-up to a potential meeting between U.S. President Donald Trump and North Korean leader North Korea's Kim Jong Un. ANALYST TAKE: "While markets do not seem as sensitive to the potential conflict between the U.S. and North Korea recently, the potential for a denuclearization would no doubt provide a boost for the Asian region in particular," said Joshua Mahony, market analyst at IG.
Shares of Newell Brands Inc. rallied 3.3% in premarket trade Monday, after the consumer products company said it agreed to appoint two directors nominated by activist investor Starboard Value LP, to end ...
Merck and Caterpillar ran ahead of the Dow early Monday, but premarket trading was mixed , feeling pressure from early earnings reports and overseas markets.
Global equities slipped on Monday as U.S. bond yields approached the 3 percent level that has triggered market spasms in the past and investors awaited earnings results from some of the world's biggest firms. "Brent crude is now close to $75 (a barrel) and that has had a knock on effect on government bonds," said DZ Bank analyst Rene Albrecht. Oil prices edged down but stayed near their highest since late-2014, with futures (LCOc1) around $74 per barrel [O/R].
The market is starting to look a little worried about the 10-year yield crossing the 3% mark. Relax people - the world isn't ending.
On April 13–20, 2018, US equity indexes had the following performances: The S&P 500 Index (SPY) rose 0.5%. The Dow Jones Industrial Average Index (DIA) rose 0.4%. The S&P Mid-Cap 400 Index (IVOO) rose 0.9%.
Government bond yields climbing and a shrinking gap between short-term and long-term Treasury rates have prompted some consternation on Wall Street, driving equity prices lower as investors fret about ...
The U.S. five-year inflation swap, a key market gauge of long-term U.S. inflation, hit its highest level in 3-1/2 years. The last time 10-year Treasury yields neared 3 percent, in 2013, it rocked risk appetite and sent stocks sliding and was shortly before oil prices went on a mighty 75 percent tumble.
Earnings season is in full swing, and the week of April 23 is jam-packed with releases by some of the market’s most popular companies. Here are 20 reports we will be watching closely next week:
Consumer staples is the worst-performing S&P 500 sector this year, but Chad Morganlander of Washington Crossing Advisors says the group looks so bad, it's actually good.
Alphabet Inc. has adopted a new accounting standard that will result in a number of changes in its earnings results, one of which could bring the value of its investment in Uber Technologies Inc. into public view. Previously profits or losses from nonmarketable stock—as in, privately held companies, such as startups—wasn’t recorded in companies’ financial statements but because of the new rules, Alphabet (GOOGL) (GOOG) will now include such investments on its income statement in the “Other Income and Expense” line item. Back in 2013, Alphabet’s venture capital arm known now as GV, dropped $258 million into Uber’s war chest at a $3.76 billion valuation, and Alphabet gained an additional 0.34% of Uber’s equity, equal to about $245 million, as part of a settlement of the self-driving lawsuit between the two Silicon Valley companies.
Stock futures were wavering on Monday as the yield on the 10-year Treasury note stayed elevated and investors awaited another batch of earnings.
U.S. companies are on pace to record their best slate of quarterly earnings in more than two decades as businesses capitalise on the triple cocktail of low interest rates, significant domestic stimulus and coordinated global economic growth. Around 80% of the 87 S&P 500 companies reporting so far this season have topped analysts' forecasts, according to data from both Thomson Reuters I/B/E/S and FactSet, a pace that, if sustained, would be the best quarter for U.S. corporate reporting since 1994. S&P 500 companies are set to notch a 20% year-on-year rise in their collective bottom lines, as well, a figure that hasn't been seen since the final three months of 2010.
** S&P 500 up second straight week, but ekes out just 0.5 pct gain with focus on qtrly reports and interest rates ** That said, E-Mini S&P Futures still trapped in no man's land, while SPX coil tightens ...
Elaine Wynn, co-founder and biggest shareholder of casino operator Wynn Resorts Ltd. , on Monday urged shareholders to join her in withholding votes from director candidate John Hagenbuch at the company's ...
Futures were mixed as the 10-year Treasury yield kept rising after hitting a four-year high Friday. Google-parent Alphabet, TD Ameritrade report earnings Monday.
Want to know why the Dow Jones Industrial Average and other major indexes are doing what they're doing? Check back here for a semi-live look at the volatile markets from Barron's reporters.trader 6:50 a.m. There's a little bit of everything for the markets this morning. On the trade front, reports that Treasury Secretary Steven Mnuchin might travel to China to discuss trade were greeted as a sign of detente between the US and China.
Investors' fears of an all-out trade war between the United States and China is prompting U.S. stock fund managers to hunt for companies that can easily pass on higher costs to their consumers. Marshall has been adding to his position in Texas Instruments Inc, for example, because the firm's chips are used in high-end, high-demand products such as iPhones and self-driving cars.
Henry Schein Inc. shares rose 1.4% in premarket trade Monday after the company said it plans to spin off its animal health business for an expected $1 billion to $1.25 billion in tax-free cash. The company said it may use the tax-free cash for share buybacks, debt repayment and acquisitions. The company's animal health business will merge with privately-held Vets First Choice, with plans to form a company called Vets First Corp. and go public.
The concerns over 10-year yields passing 3% should be balanced with strength in Corporate America. First quarter earnings have seen 83% of companies beating profit estimates, the best ratio in more than two years according to Fundstrat's Tom Lee. European stocks opened weaker Monday, as U.S. equity futures drifted into negative territory to start the week on Wall Street, as investors braced for a busy slate of corporate earnings over the next five days and re-set expectations for interest rates and inflation amid an ongoing surge in global oil prices.
Because the S&P closed at 2673 on December 31st. For the first four months of this year the S&P has oscillated back and forth around 2670, the closing area from 2017 (black line). On the chart I have placed an uptrend line (red) that I figure most are watching for the S&P with support not far below (around 2650).