|Day's Range||2,567.56 - 2,575.44|
|52 Week Range||2,083.79 - 2,575.44|
Yahoo Finance's LIVE stock market coverage and analysis.
President Trump’s closest advisers are reportedly leading him to pick Stanford economist John Taylor or Federal Reserve Board Governor Jerome Powell as the next Fed chair. However just yesterday, Trump met with Chair Janet Yellen to talk about the position and many thought he would give Yellen another term. Yahoo Finance's Alexis Christoforous, Myles Udland, and Mark Martiak of Premier Wealth First Allied Securities figure out what the strengths and weaknesses of Powell and Taylor really are.
Shares of Dow component General Electric were sharply lower Friday morning after the industrial giant delivered earnings that were way below analysts' estimates, while revenue slightly beat expectations. The company also cut its profit outlook for this year. Yahoo Finance's Alexis Christoforoous, Rick Newman and Jared Blikre discuss whether or not this once American icon can turn things around under the leadership of new CEO John Flannery.
GE CEO John Flannery has been pretty busy since taking over the helm from Jeffrey Immelt in August. Flannery has grounded all corporate jets, called off the company car program, and is expected to cut thousands of corporate-level jobs next month.
The search for the next Fed Chair is also on investors' radar as President Trump gets set to meet today with Janet Yellen, whose term end in February.
Treasury prices tumble Friday, pushing yields firmly higher, after the Senate passes a budget resolution that could clear the way for tax cuts.
Financial stocks surged as the Senate’s passage of a budget bill gave rise to longer-term Treasury yields, which can help boost bank profits.
** S&P 500 adds 0.8 pct, extends winning streak to six weeks ** Longest SPX streak since similar 6-week run into early Mar. Though, when that streak ended, index sold off 2.6 pct over next month ** Indeed, ...
Congress makes progress toward tax reform and Wall Street cheers. All major indexes secure new records heading into the weekend.
Friday was a very positive day for the broad U.S. markets closing out a record week for all three. The Dow continues to hold above 23,000 and is almost a third of the way to 24,000. Crude oil recovered ...