|Day's Range||2,831.44 - 2,838.28|
|52 Week Range||2,417.35 - 2,872.87|
"There are lots of shocks going on at the same time. Turkey is just a small piece of that."
Turkey's financial crisis worsens as the country's government adds new tariffs on U.S. goods. Yahoo Finance's Seana Smith, Andy Serwer, and Dan Roberts discuss along with National Taxpayers Union Senior Fellow, Mattie Dupler.
(Reuters) - U.S. stocks opened higher on Thursday, helped by a string of robust earnings reports, a dip in the dollar and after China said it will hold trade talks with the United States later this month. ...
U.S. stocks opened higher on Thursday, helped by a string of robust earnings reports, a dip in the dollar and after China said it will hold trade talks with the United States later this month. The Dow ...
MARKET PULSE U.S. stocks climbed at the opening bell on Wednesday as investors closely eye potential for geopolitical concerns to abate after China and the U.S. plan to renew trade talks. The S&P 500 (spx) rose 13 points, or 0.
Talk Talk. The Dow Jones Industrial Average was heading higher Thursday morning after China and the U.S. agreed to resume trade discussions. Walmart was soaring after reporting earnings, but J.C. Penney looked set to lose a quarter of its value. Today, S&P 500 futures have risen 0.5%, while Dow Jones Industrial Average futures have climbed 209 points, or 0.8%, and the Nasdaq Composite futures have gained 0.6%.
The Dow Jones Industrial Average notches a dubious distinction on Wednesday, as U.S. equity benchmarks fell firmly lower.
U.S. stock-index futures were modestly higher on Thursday, suggesting a modest rebound from the previous session’s sharp decline as the currency crisis in Turkey showed signs of stabilizing and the U.S. and China appeared set to resume trade talks.
The price target for China-based e-commerce giant Alibaba Group Holding Ltd.'s stock (baba) was cut to $280 from $300 at Raymond James, due primarily to the recent weakness in the Chinese renminbi. The new price target is 65% above Wednesday's closing price of $169.83. Analyst Aaron Kessler reiterated his strong buy rating on Alibaba, saying the stock's recent weakness--down about 20% since mid-June while the Nasdaq Composite (comp) was little changed--was due primarily to macroeconomic concerns in China and currency moves, with the renminbi down about 9% versus the U.S. dollar since March-quarter results were reported.
The S&P 500 could bounce back from a Turkey-inspired tumble, and credit is going to Beijing’s decision to send a delegation to the U.S. for trade talks. Traders should be considering buying the dip, says our call of the day.
US futures tipped Wall Street for a higher open on Thursday after emerging market concerns dragged stocks lower in the previous session leaving the S&P 500 clocking in its worst day since late June. S&P 500 futures were up 0.5 per cent to 2,835.50, while Dow futures were up 0.8 per cent to 25,391. “The story that a get together between Chinese and American officials (The Chinese Vice Commerce Minister and David Malpass) in a few weeks helped US markets more so than Chinese ones,” said Peter Boockvar, chief investment officer at Bleakley Advisory Group.
Chemicals company Celanese Corp. (ce) said Thursday it is raising the prices of its engineered materials polymer products to combat the rising costs of raw materials and the effect of a 25% tariff on products imported into the U.S. from China. The company said it is raising the price of its propylene-based long fiber thermoplastics, including Celstran, and its polybutylene terephthalate and polyethylene terephthalate compounded engineering plastics, including Celenex, Vandar, Impet, Pibiter, OmniTech and Compel.
Turkey is cracking down on US cars and alcohol, as part of new tariffs aimed at the Trump administration. Yahoo Finance’s Alexis Christoforous, Dion Rabouin, and Dan Roberts have more.