^GSPC - S&P 500
| Previous Close | 2,886.98 |
| Open | 2,889.75 |
| Volume | 1,579,314,342 |
| Day's Range | 2,887.30 - 2,897.27 |
| 52 Week Range | 2,346.58 - 2,954.13 |
| Avg. Volume | 3,425,565,555 |
- Yahoo Finance•6 hours ago
Housing starts, building permits – What to expect in markets Tuesday
The Census Bureau on Tuesday will release data on May housing starts and building permits. The report will provide the latest glimpse into the state of the housing market amid a pullback in mortgage rates and mixed signals on homebuilder sentiment.
- Yahoo Finance•8 hours ago
Stocks edge up at the start of a busy week for central banks
U.S. stocks ticked up Monday as investors awaited monetary policy decisions from several major central banks later this week.
- Yahoo Finance•13 hours ago
This one data point shows an earnings recession is still on the table
Wall Street is expecting another quarter of negative earnings growth for S&P 500 companies.
- Investor's Business Daily•19 minutes ago
Dow Jones Futures: Stock Market Rally Hits Resistance; Facebook Jumps, MoneyGram Skyrockets On Cryptocurrency News
Stock futures: Facebook kept rising late ahead of its big cryptocurrency announcement Tuesday. MoneyGram more than doubled after hours on a Ripple alliance.
- MarketWatch•26 minutes ago
Asian markets mostly gain ahead of central bank meetings
Asian markets mostly gained in muted early trading Tuesday, as investors awaited key central bank meetings later this week.
- Bloomberg•39 minutes ago
Asian Stocks Drift; Treasuries, Dollar Steady: Markets Wrap
(Bloomberg) -- Asian stocks traded mixed Tuesday as markets entered a holding pattern ahead of this week’s key Federal Reserve decision. The dollar and Treasuries were little changed.Stocks fluctuated in Japan and China, and saw modest gains in South Korea and Australia with little in the way of fresh catalysts. On Wall Street, the Nasdaq 100 Index gained as technology shares outperformed, while the S&P 500 Index closed flat. Crude oil held overnight losses. The Aussie ticked lower after the Reserve Bank of Australia saying that further easing is more likely than not in the period ahead. The yen edged higher.Traders are refraining from putting on big bets ahead of the key central bank decision Wednesday, where they will look for signals on the likelihood of interest-rates cuts ahead. There’s a widespread desire for proof the Fed is ready to act, but too much change could raise alarm.“We know that the Fed doesn’t like to surprise people and the idea at this point of them digging in their heels and saying ‘absolutely no cuts,’ I think is very unlikely,” Josh Kutin, head of asset allocation for Columbia Threadneedle, said in an interview at Bloomberg’s New York headquarters. “Will it be the full number that’s priced in right now? I think that’s unlikely as well. I think somewhere between is pretty fair.”Elsewhere, oil was steady near recent lows with OPEC nations still unable to agree on a date for their next meeting, adding to uncertainty over whether production cuts would be extended.Here are some key events coming up:Federal Reserve, the Bank of Japan and the Bank of England all set monetary policy, along with central banks in Norway, Brazil, Taiwan and Indonesia.The Fed meeting begins Tuesday with a decision and press conference the next day. Officials are expected to debate a rate cut to shelter the U.S. economy, in part, from the fallout caused by escalating trade disputes.In the U.K. Tuesday there will be a second ballot on the leadership contest to choose Theresa May’s successor as leader of the country’s ruling party.Final May CPI data for the euro zone are due Tuesday.These are the main moves in markets:StocksThe MSCI Asia Pacific rose 0.3% as of 12:30 p.m. in Tokyo.Topix Index fell 0.3%. Kospi Index rose 0.5%.S&P/ASX 200 Index rose 0.4%.Hang Seng Index rose 0.7%.Shanghai Composite rose 0.1%.S&P 500 Index futures were little changed.CurrenciesThe yen rose 0.2% to 108.33 per dollar.The euro was at $1.1232, up 0.1%.The offshore yuan was little changed at 6.9339 per dollar.The British pound was little changed at $1.2525.BondsThe yield on 10-year Treasuries fell one basis point to 2.08%.CommoditiesWest Texas Intermediate fell 0.1% to $51.89 a barrel.Gold rose 0.1% to $1,340.98 an ounce.To contact the reporter on this story: Cormac Mullen in Tokyo at cmullen9@bloomberg.netTo contact the editors responsible for this story: Christopher Anstey at canstey@bloomberg.net, Joanna OssingerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Financial Times•2 hours ago
Asian stocks adrift ahead of Fed meeting
Asian equities struggled for direction on Tuesday in the absence of major cues on trade tensions and economic data, and as investors looked ahead to the Federal Reserve’s meeting later in the week. touched in the previous session as political uncertainty and weak economic data continued to weigh on sterling.
- Reuters•3 hours ago
Asia stocks cautious before Fed, oil on defensive
Investor caution ahead of the Federal Reserve's interest rate meeting capped Asian stocks on Tuesday, while crude oil prices retreated as global growth worries overshadowed supply concerns stemming from recent Middle East tensions. Bucking the trend were Australian stocks, which rose 0.3% after minutes from the Reserve Bank of Australia's (RBA) last policy meeting pointed to the possibility of another interest rate cut. The Fed, facing fresh demands by U.S. President Donald Trump to cut interest rates, begins a two-day meeting later on Tuesday.
- MarketWatch•5 hours ago
Why bitcoin hasn’t gone to zero and is now knocking on the door of $10,000
The world’s No. 1 cryptocurrency is on fire, with a price approaching $10,000, pushing the digital asset near its highest level in more than 14 months, according to MarketWatch data provided by CoinDesk.
- Barrons.com•7 hours ago
The Dow Is Treading Lightly Ahead of an Expected Fed Rate Cut
Stocks inched higher on Monday ahead of the Federal Reserve’s June meeting tomorrow. Many are expecting a more dovish tone from the central bank to signal support for the market.
- Motley Fool•7 hours ago
What Happened in the Stock Market Today
Acquisitions made headlines, with Pfizer buying Array BioPharma and a private investor picking up Sotheby's.
- MarketWatch•7 hours ago
China may avoid the worst of Trump’s tariff wrath, but Fitch has still cut its global economic outlook
Fitch Ratings on Monday cut its global economic outlook for 2020, blaming the ongoing trade war, and warned that central banks won’t be able to compensate for depressed business investment.
- Reuters•8 hours ago
GLOBAL MARKETS-Stocks, yields dip with Fed meeting on tap
MSCI's gauge of stocks across the globe shed 0.06%, as modest increases for Wall Street's main indexes led by the tech-heavy Nasdaq were countered by some weakness in Europe. The U.S. Federal Reserve is set to give its policy statement on Wednesday, with expectations running high the central bank is poised to cut interest rates this year.
- Reuters•8 hours ago
US STOCKS-Faith in the Fed nudges Wall Street higher
Wall Street edged higher on Monday, supported by Facebook, Amazon and Apple, as investors awaited a key Federal Reserve meeting that is expected to lay the groundwork for an interest rate cut later this year. The U.S. central bank is expected to leave borrowing costs unchanged at its two-day policy meeting starting Tuesday, but its statement will provide insight into the impact of the U.S.-China trade war, President Donald Trump's calls for a rate cut and weaker economic data. With investors expecting a rate cut as early as July, the S&P 500 index has risen 5% this month after tumbling in May due to fears about the U.S.-China trade war.
- MarketWatch•8 hours ago
The Fed may break a lot of stock-market investors’ hearts this week
Clamoring for a rate cut by the Federal Reserve at some point this year is running high, but the Fed may not comply.
- MarketWatch•8 hours ago
Stocks close higher as social media, real estate shares lead
U.S. stocks close higher Monday on the back of strong gains in social media and entertainment shares such as Facebook Inc. and Netflix Inc.
- MarketWatch•8 hours ago
Social-media stocks, telecom shares lead stock market to narrow win ahead of Fed meeting
U.S. stocks eked out modest to slight gains on Monday, powered by a climb in shares of technology-related and communication services shares. The Dow Jones Industrial Average closed up 0.1% at 26,112, picking up 23 points, the S&P 500 index rose 0.1% to 2,890, while the Nasdaq Composite Index advanced 0.6% to 7,845. The gains came as a gauge of manufacturing activity in the New York area, the Empire State manufacturing index, plummeted 26.4 points to negative 8.6 in June, a record decline. Economists had expected a reading of positive 10, according to a survey by Econoday. The weak survey data come as the Federal Reserve commences its two-day policy meeting Tuesday, where the central bank may indicate its willigness to reduce benchmark borrowing costs amid fears of the fallout from global trade tensions and a slowdown in the economy. In corporate news, shares of Facebook Inc. gained as interest grew around its reported cryptocurrency offering, Libra coin, set to debut on Tuesday.
- Bloomberg•8 hours ago
Tech Leads U.S. Stock Advance; Crude Oil Declines: Markets Wrap
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.U.S. equities gained, led by FANG shares, while European stocks pared losses following a mixed session in Asia as a big week for central-bank policy gets underway. Crude oil slumped for the first time in three days.Facebook, Apple, Netflix and Google parent Alphabet led the Nasdaq Composite higher, while the Stoxx Europe 600 Index closed little changed. Deutsche Bank boosted lenders on reports that it’s considering creating a “non-core unit” to wind down legacy assets as part of a broader overhaul. Japanese and Australian shares declined, while equities in Hong Kong rose after the government suspended a controversial extradition bill.The dollar briefly weakened after a Federal Reserve survey of factories in New York State plunged in June by the most on record, before climbing back from the day’s lows. Treasuries pared a drop on the news, but they stayed mostly lower alongside European bonds as investors looked ahead to a week in which the Fed, the Bank of Japan and the Bank of England all set monetary policy.“We’ll find out Wednesday if the market is right about how dovish it is when it comes to monetary policy,” said Arthur Hogan, chief market strategist at National Securities Corp. “So what we’re looking for is affirmation of where the market is already, and anything that fails to affirm that probably is a negative toward the S&P 500.”Investors will be scrutinizing the Fed’s decision and messaging on Wednesday for signals on the chances of rates cuts ahead. Meanwhile, U.S. Commerce Secretary Wilbur Ross reiterated that the prospect of a major trade deal is unlikely to emerge from a possible meeting between President Donald Trump and Chinese President Xi Jinping at the Group of 20 summit in Osaka this month.“We know that the Fed doesn’t like to surprise people and the idea at this point of them digging in their heels and saying ’absolutely no cuts,’ I think is very unlikely,” Josh Kutin, head of asset allocation for Columbia Threadneedle, said in an interview at Bloomberg’s New York headquarters. “Will it be the full number that’s priced in right now? I think that’s unlikely as well. I think somewhere between is pretty fair.”Elsewhere, oil futures fell as Saudi Arabia expressed hope that OPEC and its allies will agree to extend production cuts into the second half. Bitcoin jumped as much as 11%, heading toward its highest close in more than a year.Here are some key events coming up:Federal Reserve, the Bank of Japan and the Bank of England all set monetary policy, along with central banks in Norway, Brazil, Taiwan and Indonesia.The Fed meeting begins Tuesday with a decision and press conference the next day. Officials are expected to debate a rate cut to shelter the U.S. economy, in part, from the fallout caused by escalating trade disputes.In the U.K. Tuesday there will be a second ballot on the leadership contest to choose Theresa May’s successor as leader of the country’s ruling party.Final May CPI data for the euro zone are due Tuesday.These are the main moves in markets:StocksThe S&P 500 Index rose 0.1% as of 4:03 p.m. New York time, while the Nasdaq Composite Index gained 0.6% and the Dow Jones Industrial Average increased 0.1%.The Stoxx Europe 600 eased less than 0.1%. The MSCI Emerging Market Index dropped 0.4%.The MSCI Asia Pacific Index fell 0.4%, the fourth consecutive decline. CurrenciesThe Bloomberg Dollar Spot Index rose less than 0.1%.The euro rose less than 0.1% to $1.1218, while the yen was little changed at 108.57 per dollar.The British pound fell 0.4% to $1.2542.The MSCI Emerging Markets Currency Index fell 0.1%, the fourth consecutive decline.BondsThe yield on 10-year Treasuries rose less than 1 basis point to 2.09%.Germany’s 10-year yield rose 1 basis point to negative 0.25%. CommoditiesWest Texas Intermediate fell 1.2% to $51.87 a barrel, the first drop in three trading sessions.Gold dropped 0.2% to $1,339 an ounce.The Bloomberg Commodity Index fell less than 0.1%, the first drop in third days. \--With assistance from Yakob Peterseil.To contact the reporters on this story: Vildana Hajric in New York at vhajric1@bloomberg.net;Colin Beresford in New York at cberesford10@bloomberg.netTo contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Dave LiedtkaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Reuters•8 hours ago
US STOCKS SNAPSHOT-S&P 500 ends up slightly as Fed meeting in view
- MarketWatch•8 hours ago
FDA approves non-insulin Type 2 diabetes drug for kids, the first to hit market in 20 years
The U.S. Food and Drug Administration on Monday approved Novo Nordisk's Victoza, a liraglutide injection, for the treatment of young patients 10 years or older with Type 2 diabetes. Although Victoza has been FDA-approved to treat adults with Type 2 diabetes since 2010, it is the only non-insulin drug approved for children other than metformin, which was approved for pediatric use in 2000. "Victoza has now been shown to improve blood sugar control in pediatric patients with Type 2 diabetes. The expanded indication provides an additional treatment option at a time when an increasing number of children are being diagnosed with this disease," said Lisa Yanoff, acting director of the Division of Metabolism and Endocrinology Products in the FDA's Center for Drug Evaluation and Research. Type 2 diabetes occurs when the pancreas is unable to make enough insulin to keep blood sugar at normal levels. It's the most common form of diabetes, normally occurring in patients 45 years or older. However, in the past two decades, its prevalence among younger patients has dramatically risen. More than 5,000 new cases of Type 2 diabetes are now diagnosed each year in the U.S. among people younger than age 20, according to the Centers for Disease and Control and Prevention. Shares of Novo Nordisk have gained 10.8% so far this year, while the SPDR S&P Pharmaceuticals ETF has gained 3%. The Dow Jones Industrial Average has gained 11.8% and the S&P 500 has gained 15.3%.
