|Day's Range||2,725.95 - 2,739.19|
|52 Week Range||2,386.92 - 2,872.87|
The index was supported by a rally in technology stocks, which rose 1.2% on the day. The mood was upbeat after Treasury Secretary Steven Mnuchin said over the weekend that the Trump administration would delay implementing tariffs on Chinese goods and “put the trade war on hold” while working out details of a deal between the countries. At the end of trade negotiations this weekend, China agreed to buy larger amounts of U.S. goods to help narrow the trade deficit between the two economies, but did not agree to the specific U.S. target of $200 billion.
Shares of General Electric Co. rallied on Monday, with the industrial conglomerate on track to close at its highest level in nearly four months and officially entering bull-market territory. It is up about 22% from its 52-week low, which officially puts the Dow component into bull-market territory, having broken out of a lengthy bear-market stretch.
Do April's Inflation, Retail Sales Signal a Faster US Rate Hike? According to the data provided by the US Bureau of Labor Statistics, the US Consumer Price Index, or the inflation index, rose 0.2% in April compared to its 0.1% fall in March. This inflation figure didn’t meet the market’s expectation of a 0.3% rise.
The US-China trade war has created turmoil in the equity markets this year. While downward pressure in index heavyweights such as Facebook (FB) and Amazon (AMZN) pushed markets lower, macroeconomic factors also played a part. In general, rising bond yields are negative for equity markets.
OK, now look at this recent chart from David Rosenberg of Gluskin Sheff and Associates and ask yourself that very question. Or you could just avoid the stress of trying to time this market and just heed the advice of Jack Bogle, Vanguard founder and the father of index investing: “The idea that a bell rings to signal when investors should get into or out of the market is simply not credible,” he once said.
The numbers: A measure of the U.S. economy from the Chicago Federal Reserve ticked higher in April from March as a stronger performance at factories and a healthy job market offset housing’s weaker contribution. The Chicago Fed’s index of national economic activity was a positive 0.34 last month, gaining from the upwardly revised positive 0.32 in March, though weaker than a downwardly revised positive 0.73 in February. The Chicago Fed index is a weighted average of 85 economic indicators, designed so that zero represents trend growth and a three-month average below negative 0.70 suggests a recession has begun.
U.S. stocks rallied broadly on Monday after the United States and China put a potential trade war "on hold" to work on a wider agreement, with sentiment also getting a boost from the nearly $28 billion worth of U.S. merger deals. U.S. Treasury Secretary Steven Mnuchin said on Sunday the United States and China had agreed to drop their tariff threats on billions of dollars worth of each country's goods, while China on Monday praised a significant dialing back of tensions.
Words from U.S. Treasury Secretary Steven Mnuchin -- that offsetting tariffs between the U.S. and China are being put on hold -- looks to have generated a pleasant sigh of relief from traders early today.
Attention investors: it's not written in stone that a company must buyback its stock. have been a key underpinning of stock prices. Technology companies have announced the largest buyback authorizations by far year to date at $210 billion, of which $100 billion is from Apple and $25 billion is via Cisco.
The S&P 500 fell ~0.3% to 2,712.97 on May 18 due to the decline in financial and energy stocks. Five out of the ten key sectors in the S&P 500 dropped on May 18.
We have presented five ETFs & stocks that have easily crushed the Russell 2000 index this year and are likely to continue their strong performance.
Let's put Winnebago Industries (WGO) stock into this equation and find out if it is a good choice for value-oriented investors right now.
The Russell 2000 index of small-capitalization stocks rose on Monday, advancing to its latest in a series of records as investors cheered an easing of U.S.-China trade tensions. While smaller companies are seen as having less exposure to trade issues, due to their higher concentration of U.S. revenue exposure, the market segment has rallied consistently for weeks, easily outperforming its larger-cap peers. The Dow Jones Industrial Average rose 1.3% while the S&P 500 was up 0.9% and the Nasdaq Composite Index added 1%.
Major stock indexes opened solidly higher Monday after Treasury Secretary Steve Mnuchin on Sunday said a China trade war is "on hold."
The Dow Jones Industrial Average gained 1.1%, putting it on track for its highest close since March 12. The S&P 500 gained 0.8%. The day's gains were broad based, with all 30 Dow components higher, along with all 11 primary S&P 500 sectors.
Let's see if TRI Pointe Group, Inc. (TPH) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.
Let's see if Toll Brothers, Inc. (TOL) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.
“We think that Amazon’s magnanimity may be short-lived, and expect the online juggernaut to ultimately revert to price competition at holiday, which may compress Best Buy’s gross margins,” they wrote, while maintaining an “underperform” rating and a $48 price target—well below current prices, which would leave it back near December 2016 levels—on the stock. The deal, the analysts wrote, could be a short-term win for Best Buy with long-term consequences that benefit Amazon, a Barron’s Next 50 stock—even as investors have credited Best Buy with reviving itself thanks to improved service and competitive pricing, among other things. “We view this as an attempt by Amazon to convert the segment of Best Buy’s customer base that does not currently shop online,” they wrote.
CNBC's Bob Pisani takes a look at what's moving in early morning trading as U.S.-China trade tensions appear to ease and cyclical stocks move forward.