|Day's Range||2,631.52 - 2,669.44|
|52 Week Range||2,532.69 - 2,940.91|
A huge sell-off in markets with Target dragging down the retail sector. Yahoo Finance's Julie Hyman, Adam Shapiro, and Seana Smith discuss.
Yahoo Finance’s Alexis Christoforous and Dion Rabouin discuss how the market volatility is impacting emerging markets.
The bull run will continue in 2019, but it may be time to start getting defensive and raise cash allocations, according to Goldman Sachs’ 2019 stock market outlook.
U.S. stocks sold off for a second day on Tuesday as energy shares dropped with oil prices, and retailers including Target and Kohl's sank after weak earnings and forecasts, fueling worries about economic growth. The Nasdaq closed at its lowest level in more than seven months while the S&P 500 and Dow ended at their lowest since late October, a day after Apple, internet and other technology shares dropped, further shaking confidence in a group of stocks that has propelled the long bull market.
Foot Locker Inc. stock surged 11% in the extended session Tuesday after the company beat Wall Street expectations for earnings. The company reported third-quarter net income of $130 million, or $1.14 a share, compared with $102 million, or 81 cents a share, in the year-ago period. Adjusted for items such as changes to the U.S. tax code and litigation, earnings were 95 cents a share. Revenue fell to $1.86 billion from $1.87 billion in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 92 cents a share on revenue of $1.85 billion. For the fourth quarter, analysts model adjusted earnings of $1.35 a share on sales of $2.14 billion; the company said it would discuss its outlook in a conference call Tuesday at 5 p.m. Eastern time. Foot Locker stock has fallen 1.7% this year, with the S&P 500 index rising 0.6%.
Retail stocks like Target and Kohl's tumbled Tuesday, despite many CEOs calling for a strong holiday and speaking to a healthy consumer environment. Investors are starting to think beyond the holiday season and about 2019. Executives at most of the major retailers were confident in recent third-quarter earnings calls that shoppers will show up at stores and online in full force this holiday season.
Cash is king, according to Goldman Sachs strategists who predict that 2019 will deliver lackluster, single-digit equity returns, making greenbacks the best game in town.
The San Francisco-based company said it had net income of 69 cents per share. The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was ...
Stocks ended sharply lower on Tuesday after the torrid trading session pushed the S&P 500 and the Dow into the red for the year. The S&P 500 was down 1.8% to end near 2,642, according to preliminary figures. The Dow Jones Industrial Average shed 552 points, or 2.2%, to finish around 24,463. The Nasdaq Composite slipped 1.7% to 6,909. The S&P is down 1.2% year-to-date, while the Dow was down over the same period. All components of the blue-chip Dow and all 11 sectors of the broad-market S&P 500 ended lower. Concerns over slower global, U.S.-China trade tensions, and rising interest rates have all weighed on the equity market's momentum.
U.S. stocks extended their selloff on Tuesday, with the S&P 500 hitting a three-week low, as energy shares dropped with oil prices and retailers including Target and Kohl's sank after weak earnings and forecasts. The S&P 500 and Dow slipped into negative territory for the year, and the Nasdaq fell to its lowest level in more than seven months. The Dow Jones Industrial Average (.DJI) unofficially closed down 2.22 percent, the S&P 500 (.SPX) was off 1.82 percent and the Nasdaq Composite (.IXIC) was last down 1.67 percent.
Treasuries advanced with the dollar and gold fell. The Nasdaq Composite Index was almost 14 percent below the closing high it reached in August. “The fact that we haven’t seen a fast bounce or hard bounce, shows the market is exploring where prices should be,” Brad McMillan, chief investment officer for Commonwealth Financial Network.
Oil is in a bear market, but now a new bearish pattern is crystallizing in the commodity that has absolutely bludgeoned bulls over the past two months.
Thanks to the shale revolution, plunging oil prices are a drag on U.S. economic growth, but the hit is uneven, notes one economist.
Here’s what investors need to know about adding real estate to their portfolio, as well as why Warren Buffett spent an eleven-figure sum on bank stocks last quarter.
Over the past few years, we have seen world stock markets grow, with investors seeing substantial growth in their investments as a result. Since 2008, the world's main stock markets have seen very important revaluations, such as the S&P 500, the returns of which have grown by almost 300% since it bottomed out in 2009.
Want to invest like the 400 richest Americans? In fact, only a handful of those on the Forbes list got there through investing. Between Sep. 22, 2017 (the data cutoff for Forbes’ list last year) and Sep. 7 of this year (the cutoff for this year’s list), the net worth of those on this year’s Forbes 400 list grew by 7%.
If a technology is fundamentally disruptive enough, that fact will always overwhelm the noise of the day about valuation.
The Dow Jones Industrial Average skidded to session lows Tuesday afternoon, putting the blue-chip benchmark on track to notch its worst daily loss in more than 5 weeks, according to FactSet data. The Dow most recently was down 621 points, or 2.5%, at 24,403, tracking its ugliest day since a 838-point tumble on Oct. 10. The fresh drop for the Dow comes within the final hour of regular trade, which also saw losses accelerate for the other main benchmarks. The S&P 500 index was down 2.1%, on track to close in correction, defined as a decline of at least 10% from a recent peak, while the Nasdaq Composite Index was down 2.1% at 6,882, deepening its slide in correction.