|Day's Range||2,707.38 - 2,731.97|
|52 Week Range||2,403.59 - 2,872.87|
Yahoo Finance’s Seana Smith and Jared Blikre discuss investors’ reaction to Trump canceling his meeting with North Korea’s Kim Jong Un, as well as the other big headlines moving the market on Thursday.
If history is any guide, stock investors should not be afraid of the signals coming from the bond market, UBS strategists say. At least, not yet.
Global stocks remained resilient Friday, despite growing geopolitical concerns following President Donald Trump's cancellation of a summit with North Korea, as investors were soothed by a measured response from Pyongyang and calming volatility in U.S. stock markets. Trump's decision to scrap the much-anticipated June 12 meeting with North Korean leader Kim Jong Un, as well as his recent moves on tariffs and criticism of ongoing trade talks with China, hasn't hit markets in a significant way this week, with the CBOE's key measure of equity volatility, the VIX index, falling to four-month lows and 10-year government bond yields holding around the 3% mark. An official response from Vice Foreign Minister Kim Kye Gwan, which noted that North Korea was "highly appreciated President Trump for having made the bold decision, which any other U.S. presidents dared not, and made efforts for such a crucial event as the summit," and suggested talks could still place, provided markets with broader support Friday as investors head into a three-day weekend in the U.K. and the United States.
Global shares were on the mend on Friday as Pyongyang's measured response to U.S. President Donald Trump's announcement to call off a key summit with North Korea healed market sentiment, although investors remained cautious. North Korean Vice Foreign Minister Kim Kye Gwan said Pyongyang still hoped for a "Trump formula" to resolve the standoff over its nuclear weapons programme, noting that the country was open to resolving issues with the United States.
Asian stock indexes were mostly lower Friday as investors factored in fresh geopolitical uncertainty following the abrupt cancellation of a meeting between the U.S. and North Korean leaders. KEEPING SCORE: Japan's benchmark Nikkei 225 index rose 0.2 percent to 22,482.61 but South Korea's Kospi lost 0.3 percent to 2,459.72. Hong Kong's Hang Seng shed 0.4 percent to 30,630.44 and the Shanghai Composite in mainland China slipped 0.3 percent to 3,143.95.
Market sentiment was a little shaky on Friday with Asian shares on the defensive after U.S. President Donald Trump scrapped a key summit with North Korea, though investors' fears were calmed by Pyongyang's measured response to the cancellation. North Korean Vice Foreign Minister Kim Kye Gwan said Pyongyang still hoped for a "Trump formula" to resolve the standoff over its nuclear weapons programme, noting that North Korea was open to resolving issues with the United States.
Friday 08.15 BST European stocks fell at the open, following losses in Asia after US President Donald Trump cancelled a summit with North Korean leader Kim Jong Un after a week when both sides lapsed back ...
Stock futures rose early Friday. Splunk, Veeva, Ross Stores and Deckers Outdoor closed in buy range, but were active overnight on earnings. Autodesk, near a buy point, also reported earnings.
This year’s rise in government-bond yields is rippling through the economy, affecting everything from mortgage rates to stock performance. Signs of steady economic growth and expectations for rising inflation have helped push the yield on the benchmark 10-year Treasury note this year to its highest level since 2011, leaving U.S. government bonds paying more than the debt from other developed countries. Many investors believe those conditions will persist, with minutes from the Federal Reserve’s May 1-2 meeting showing that central-bank officials could allow inflation to overshoot their 2% target for some time.
The Dow Jones Industrial Average declined Thursday after President Donald Trump called off a summit with North Korea, hitting investors with another wave of uncertainty. News of the canceled summit came within 30 minutes of the stock market’s open, pulling the blue-chip index down as much as 291 points before it recouped some of its losses later in the afternoon. As major indexes regained a bit of their footing, some money managers said the latest exchange between Washington and Pyongyang could be more of a negotiating tactic than a wholesale abandonment of the peacemaking process.
Here’s a quick wrap up of other headlines making news today.