|Day's Range||2,763.91 - 2,774.86|
|52 Week Range||2,405.70 - 2,872.87|
"The bottom line is that trade wars are akin to zero-sum games or mutually assured destruction."
Stocks on world markets edged higher on Wednesday, following a recent sell-off on rapidly escalating China-U.S. trade tensions, while Treasury yields rose after the Federal Reserve chairman said the U.S. ...
By Caroline Valetkevitch NEW YORK (Reuters) - Stocks on world markets edged higher on Wednesday, following a recent sell-off on rapidly escalating China-U.S. trade tensions, while Treasury yields rose ...
Fourth-quarter projection beat analyst estimates, shows confidence that memory prices will stay highBloomberg NewsMicron’s memory chips cost a lot more, pushing profit and sales higher. Micron Technology Inc. continued to post huge gains in profit and revenue amid high memory-chip prices in a Wednesday earnings report, and the company’s forecast showed confidence that the rise will continue, pushing shares higher after hours.
Two Jack Dorsey companies, alike in their huge stock rallies, differ when it comes to recent short-selling sentiment. Square shares have gained 95% so far this year, while Twitter’s stock is up 92%. “The main difference I see is that Twitter short sellers are selling into the stock’s rally and increasing their short exposure substantially in June, while Square short sellers are buying to cover some of their short positions in order to stay around the $2 billion level,” said Ihor Dusaniwsky, the managing director of predictive analytics at S3 Partners.
On a day the major benchmarks were mixed, Disney and Twenty-First Century Fox reached a new agreement and Starbucks forecast disappointing sales.
MARKET PULSE HP Inc. (hpq) said late Wednesday that its board authorized $4 billion for stock repurchases. As of the end of April, HP said it had $1.2 billion remaining in approved share repurchases. HP stock rose more than 3% in after-hours trading, once the company made the repurchase announcement.
In this series, we’ll review Chevron’s (CVX) market performance. We’ll begin by analyzing Chevron’s stock and moving averages this quarter, followed by its stock forecast range to the end of next quarter. We’ll also review Chevron’s dividend yield trend, institutional activity, short interest changes, and valuations compared to peers. Let’s begin with Chevron’s stock performance in this part of our series.
NEW YORK (AP) — U.S. stocks rose Wednesday as investors bet that technology companies and small, domestically-focused firms will continue to do well even if the trade dispute between the U.S. and China gets worse. Media companies jumped after Disney reached a new deal with Twenty-First Century Fox.
According to data provided by the United States Census Bureau, US retail sales rose strongly in May compared to April. US retail sales stood at 0.8% in May compared to a 0.3% rise in April, beating market expectations of a 0.4% gain. The solid rise in retail sales in May was primarily due to the strong rise in sales of motor vehicles, gasoline, food services and drinking places, and clothing stores.
These are today's winners and losers from the S&P 500. More from Bloomberg.comU.S. Quits UN Human Rights Council, Saying It’s Anti-IsraelStarbucks Pumps the Brakes in Its Home MarketDisney Sweetens Fox Offer to $71 Billion, Outbidding ComcastRead S&P 500 Winners and Losers for 06/20 on bloomberg.
If you are looking at the senior indices and listening to the traditional view of the market then it looks like a rather dull market. Traders are desperately chasing stocks higher and the rally is not broadening to include the heavyweight Dow and S&P 500 names.
Investors pulled record amounts of cash from a fund with a heavy position in Boeing Co. as aerospace and defense companies find themselves in the crossfire of tit-for-tat tariffs between China and the U.S. The iShares U.S. Aerospace & Defense ETF, or ITA, posted a record outflow of almost $214 million on June 19. Boeing, widely considered a trade war proxy, had the biggest impact on ITA’s 2.5 percent plunge, Bloomberg data show.
Overnight, shares of General Electric fell from the stock's closing price of $12.95 (-55% over twelve months) to $12.54 (-2.2%). Less than $30 billion worth of mutual funds and ETFs even bother to track the Dow Industrials. As an observer, I do believe that CEO John Flannery is an earnest leader making an honest effort.