|Day's Range||2,567.56 - 2,575.44|
|52 Week Range||2,083.79 - 2,575.44|
Nothing is as it seems in Washington — it's a challenging environment for investors to understand.
Bitcoin continues ripping higher and it doesn’t look like it’ll slow down any time soon. Money experts Warren Buffett and Jamie Dimon have called the cryptocurrency a mirage and a fraud yet nearly half the respondents in a CNBC survey say Bitcoin is heading to $10,000. Yahoo Finance's Alexis Christoforous, Myles Udland, and Mark Martiak of Premier Wealth First Allied Securities debate if it's possible.
The GOP is getting closer to tax reform after the Senate narrowly passed a budget resolution that would pave the way for a tax plan this year. Yahoo Finance’s Alexis Christoforous, Jared Blikre and Rick Newman figures out what will happen next.
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.
Investors awaiting the nomination of the next Federal Reserve chair are hoping whoever is nominated pursues the same monetary policy that has supported rising stock prices for the past nine years. Led by Janet Yellen since 2014, the Fed is about to allow its $4.5 trillion portfolio of securities to shrink, and in late 2015 it began raising interest rates from the low levels seen after the 2008 financial crisis. A new Fed chair who argues for tightening monetary policy more aggressively is seen putting economic growth at risk, along with corporate earnings, and the long stock market rally.
S&P 500 The S&P 500 initially fell during the week but found enough support at the 2540 handle to turn things around and rally significantly. Friday was a very bullish session, as we had got word that there is the possibility of tax cuts being pushed out of Washington DC now, and it’s likely that we will … Continue reading Major US Indices, Forecast for The Week of October 23, 2017, Technical Analysis
The major U.S. stock indexes surged on Friday after the U.S. Senate overcame a significant hurdle to move toward tax reform. The blue chip Dow Jones Industrial Average reached an intraday and closing record, led by strong performances by Boeing, Goldman Sachs and JPMorgan Chase. The Dow was also boosted by a huge recovery in … Continue reading U.S. Stock Indexes Surge After Senate Moves Toward Tax Reform
The benchmark S&P 500 has risen by a whopping 24% since November 2016. The higher it goes, the more vulnerable it is to a correction. With that in mind, here are three easy steps that can help protect your portfolio from an unexpected, and potentially nasty, decline between now and the New Year.