|Day's Range||2,793.39 - 2,803.71|
|52 Week Range||2,417.35 - 2,872.87|
Stocks trading in range as earnings season gets going in earnest and Amazon shares hit a new high.
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U.S. stock futures traded mixed on Tuesday, July 17, ahead of Federal Reserve Chairman Jerome Powell's first testimony before Congress. Powell is likely to tell the U.S. Senate Banking Committee on Tuesday at 10 a.m. ET, and the House of Representatives Financial Services Committee on Wednesday, July 18, that the central bank remains committed to gradual monetary policy tightening. The Fed raised rates in March and June, and has indicated two more rate hikes will be coming in 2018.
World stocks recovered some ground on Tuesday as oil prices stabilised, while the dollar edged lower and most other markets were subdued before Federal Reserve Chair Jerome Powell testifies to the U.S. Congress. MSCI's world equity index , which tracks shares in 47 countries, was broadly unchanged, with energy companies in Europe and Asia recovering ground from early losses caused by the previous day's turbulence in commodity markets.
World stocks recovered some ground on Tuesday as oil prices stabilised, while the dollar edged lower and most other markets were subdued before Federal Reserve Chair Jerome Powell testifies to the U.S. Congress. MSCI's world equity index, which tracks shares in 47 countries, was broadly unchanged, with energy companies in Europe and Asia recovering ground from early losses caused by the previous day's turbulence in commodity markets.
Global stocks drift lower as demand signals suggest global economy may slow into second half of the year. Oil prices steady, but remain in correction territory as supply concerns ease and demand questions remain. Dollar eases as investors trim bets on near-term Fed rate hikes as U.S. yield gap continues to narrow.
The S&P 500 was very slow at the open on Monday, as the 2800 level continues to be an area of interest. I believe that there are buyers underneath though, and that there are enough value hunters down there to turn things around eventually.
BlackRock saw a radical slowing in cash inflows this spring, a sign investor uncertainty may be unsettling a decadelong embrace of passive stock investing. Uber is being investigated by the EEOC after a complaint about gender inequity, one of a series of federal probes of the firm. Netflix missed its own forecasts for second-quarter subscriber gains by more than a million.
The cash stock market is expected to see big losses on the opening on Tuesday because it was closed when Netflix made the announcement that drove futures contracts sharply lower before Monday’s close. U.S. Core Retail Sales posted an impressive 0.5% gain, beating the 0.4% estimate. New Zealand’s consumer price index rose by 0.4% in the June quarter, below the 0.5% increase expected by the financial markets.
Asian markets fell on Tuesday as mounting tensions over U.S. tariffs overshadowed data suggesting global growth was still on track. Japan's benchmark Nikkei 225 bucked the regional trend, gaining 0.4 percent to 22,692.82. The Dow Jones Industrial Average added 0.2 percent to 25,064.36 as Goldman Sachs, JPMorgan Chase, and Boeing climbed.
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The S&P 500 inched slightly lower Monday as shares of energy companies fell alongside a decline in oil prices and as investors looked ahead to a busy week of corporate earnings results. The broad stock-market index fell 2.88 points, or 0.1%, to 2798.43, while the technology-heavy Nasdaq Composite dropped 20.26 points, or 0.3%, to 7805.72. Energy stocks were by far the weakest of the S&P 500’s 11 sectors, falling 1.2%, on lower oil prices.
By Lewis Krauskopf NEW YORK (Reuters) - The price of oil tumbled more than 4 percent on Monday, putting pressure on energy shares and keeping global stock markets in check, although financial shares rallied ...
Asian stocks closed lower on Tuesday, with Japan the only market carving out gains. China extended declines after Monday's release of soft economic data. Energy shares pulled back as oil prices extended losses after tumbling more than 4 percent overnight.
SAN FRANCISCO (AP) — Netflix is adding subscribers at a slower pace than envisioned, renewing fears that its growth may sputter as the video streaming service tries to fend off fiercer competition.
The Dow Jones Industrial Average edged higher today. The S&P 500 and the Nasdaq Composite did not. In today's After the Bell, we... •...explain why the Dow outperformed the rest of the major indexes; •...review ...
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