|Day's Range||2,988.56 - 2,996.75|
|52 Week Range||2,346.58 - 3,017.80|
U.S. stocks rose on the heels of stronger-than-expected earnings results from several major companies Tuesday morning and an announced bipartisan agreement over the debt ceiling.
Forget the polls. For clues on which political party will win the next presidential election, look no further than the S&P 500. Yahoo Finance's Scott Gamm joins 'The Final Round' to discuss.
Senator Elizabeth Warren is sending out warning signs of an imminent economic crisis. The 2020 presidential hopeful detailed what the Trump administration has to do to prevent it in a post on Medium. Yahoo Finance's Kristin Myers and Brian Cheung are joined by Nathan Latka, CapitalistBook.com author, to discuss.
Technically speaking, the S&P 500 has pulled in modestly from record territory against a comfortably bullish intermediate-term backdrop, writes Michael Ashbaugh.
Upbeat earnings reports continue to propel the stock market today. But do you really know the trending stocks driving the market?
The materials sector looks set to break out after earnings from Sherwin-Williams and Avery Dennison made the sector the best performer in the S&P 500 today.
The Dow Jones Industrial Average and the Russell 2000 rose together and the Nasdaq composite slightly underperformed. JPMorgan and Yeti broke out.
MARK HULBERT CHAPEL HILL, N.C. (MarketWatch) — Exuberant investors reacted to the U.S. stock market’s strong rebound in June by purchasing more stocks on margin — a lot more. That means the bull market is alive and well, according to many analysts who believe margin debt is a telling leading indicator.
U.S. stocks rose on Tuesday, boosted by upbeat earnings and forecasts from Coca-Cola and United Technologies, while a two-year debt ceiling and budget deal between President Donald Trump and Congress buoyed sentiment. Coca-Cola Co shares rose as much as 5.7% to hit a record high, after the fizzy drink maker beat quarterly earnings expectations and raised its full-year organic revenue forecast.
The head of UBS Group AG warns that a global rise in asset prices isn’t a development that portends well for markets.
"You're having good results from a variety of companies and that has put a positive spin on the opening," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. The International Monetary Fund cut its global growth forecast through 2020 over concerns about the protracted tariff spats between the United States and its trading partners and the prospect of a disorderly Brexit. The European STOXX 600 benchmark rose over 1%, helped by a 6% surge in automakers and growing certainties of policy easing from the European Central Bank and the U.S. Federal Reserve.
Sales of previously owned homes slipped 1.7% in June, reflecting continued weakness in the U.S. housing market despite a sharp drop in mortgage rates. Existing-home sales sold at a 5.34 million annual pace last month, down 2.2% from a year ago.
U.S. stocks were rising Tuesday, with Wall Street building on the previous session’s modest gains as earnings season picks up steam.
The Chicago Fed National Activity Index remained in negative territory for a seventh month, an occurrence that has typically presaged a recession. But there are reasons to doubt its usefulness this time around.
Shares of LSC Communications Inc. plunged 38% Tuesday to pace all NYSE decliners, after the print and digital media services company said the deal to be acquired by Quad/Graphics Inc. was terminated, afer the Department of Justice filed a lawsuit against Quad regarding the proposed buyout. As part of the termination, Quad will pay LSC a $45 million termination fee. Quad's stock surged 9.1%. "We disagree with the DOJ's conclusion regarding our transaction, especially in the context of industry trends," said LSC Chief Executive Thomas Quinlan. "However, we and Quad recognize the significant additional time and resources that would be required to challenge the DOJ's complaint and have therefore decided mutually that it is in the best interests of our respective companies to terminate the merger agreement." The all-stock deal was originally announced on Oct. 31, 2018, and was valued at the time at $1.4 billion. LSC's stock has plunged 85% over the past 12 months and Quad shares have plummeted 58%, while the S&P 500 has advanced 6.5%.
U.S. stocks rose on Tuesday boosted by better-than-expected earnings and forecast raises from blue-chip companies including Coca-Cola and United Technologies, soothing concerns over the pace of economic growth. Coca-Cola Co shares rose 4.9%, the most among stocks listed on the Dow Jones index, after the fizzy drink maker beat quarterly earnings expectations and raised its full year organic revenue forecast. Its gains pushed the consumer staples sector 0.9% higher, the biggest gainer among the major S&P sectors.
Quest Diagnostics rose aling with Dow Jones stocks United Technologies and Coca-Cola Tuesday, as events in Washington D.C. helped lift early trade.