|Day's Range||2,908.53 - 2,936.31|
|52 Week Range||2,346.58 - 2,940.91|
Yahoo Finance's Alexis Christoforous, Brian Sozzi, Scott Gamm join Tematica Research Chief Investment Officer Chris Versace to discuss what is moving the markets.
Investors on Tuesday will continue parsing through an onslaught of earnings results in search of signals for the directions of future growth in the corporate world.
Global equity markets rallied on Tuesday, with the Nasdaq and S&P 500 indexes setting record closing highs on Wall Street, while European energy shares posted their biggest daily gain since January as crude prices surged. U.S. stocks soared on upbeat results from Twitter Inc, Coca-Cola Co, United Technologies Corp and Lockheed Martin Corp, which eased fears of a profit recession in a busy week for corporate earnings. European oil and gas shares jumped 2%, with BP Plc and Royal Dutch Shell Plc leading gains in London, while the FTSEurofirst 300 Index of leading European shares hit eight-month highs.
With the recent gains, the S&P 500 is on track to have its best year since 1987, while the Nasdaq is on track for its best year since 1991. And there’s no end in sight.
The S&P 500 index and the Nasdaq registered record closing highs after a broadbased rally on Tuesday, as a clutch of better-than-expected earnings reports eased concerns about a slowdown. The S&P has risen 17 percent so far this year, with help from a dovish Federal Reserve and hopes of a U.S.-China trade resolution as well as the upbeat start to the first-quarter earnings season. "Part of what's pushing the S&P up is a general belief it will make a new high," said Rick Meckler of Cherry Lane Investments, a family investment office in New Vernon, New Jersey, who expects that more earnings reports later in the week could push the index above its all-time high.
Stock investors had to go on a harrowing round trip over the last seven months, but the market may be in a healthier place after it. The S&P 500 index of big U.S. stocks is back to a record high, closing above 2,930 on Tuesday for the first time since Sept. 20. Worries about a possible recession have dimmed, in large part because of a change in stance by the Federal Reserve.
The S&P 500 and Nasdaq close at record highs Tuesday as investors cheered the latest batch of solid corporate earnings, including those from blue-chip Coca-Cola Co. and social-media brands such as Twitter Inc.
Markets reached new record highs, as strong earnings and Wall Street optimism bolstered retail and health-care companies.
Stocks rallied Tuesday, sending the Nasdaq and S&P 500 to new closing highs as earnings reports boosted Hasbro, Twitter and other stocks.
The S&P 500 index and the Nasdaq Composite on Tuesday finished in record territory, notching all-time highs for the first time since fall and late summer, powered by gains in health-care and the consumer-discretionary sectors. The S&P 500 index finished up 0.9%, or 26 points, at 2,934 (on a preliminary basis), above its closing high at 2,930.75 put in on Sept. 20. The health-care sector, as reflected in the Health Care Select Sector SPDR ETF , rose about 1.6% on Tuesday. Consumer-discretionary shares, as gauged by the Consumer Discretionary Select Sector SPDR ETF , climbed 1%. The Nasdaq Composite Index finished up 1.3% at 8,120, closing above its Aug. 29 all-time closing high at 8,109.69. Meanwhile, the Dow Jones Industrial Average notched a 0.6% gain to end at 26,656, just off its Oct. 3 record at 26,828.39. The three main benchmarks have mounted a steady ascent since putting in their lows on Dec. 24, when equity indexes suffered heavy losses during a bruising fourth-quarter selloff that dragged the Nasdaq into bear-market territory, defined as a decline of at least 20% from a recent peak, and left the S&P 500 on the edge of ending its longest bull run ever. Strong earnings reports have to fuel Tuesday's advance, as shares of social-networking platform Twitter Inc. , and aerospace giant Lockheed Martin Corp. and United Technologies Corp. rallied after quarterly results on the session.
Stocks in 2019 have thus far befuddled Michael Wilson, with the S&P 500 and Nasdaq Composite breaking out above their closing records in Tuesday trade.
The yield curve steepened to just a tenth of a basis point below its 2019 high on Tuesday, indicating investor bullishness as strong U.S. company earnings pushed the S&P 500 index toward record highs. The spread between the two- and 10-year Treasury note yields , a highly watched measure of the yield curve, rose as high as 20.7 basis points, for the second consecutive day above 20 basis points, a level the spread has struggled to break through this year. The S&P 500 index moved closer to its record high on Tuesday, as a clutch of better-than-expected earnings reports eased concerns about a slowdown, sparking a broad-based rally.
The S&P 500 Index and the Nasdaq Composite marked new milestones as Twitter, Lockheed Martin and Hasbro climbed following favorable first-quarter reports, adding to a rally led by the biggest technology companies. The gains cap a momentous run for U.S. equities, with the larger gauge of U.S. stocks up 25 percent from a low reached on Christmas Eve. Traders are also focused on the U.S. economy, as first-quarter gross domestic product data is due Friday.
S&P 500 and Nasdaq indexes close at record highs, recovering all the ground they lost in a nosedive late last year.
The S&P 500 index was on track for an all-time high Tuesday as big U.S. companies began turning in solid results for the first quarter, despite predictions for the worst quarter of earnings growth in years.
Moody's Investors Service said Tuesday it was rating Netflix Inc.'s $2 billion offering of senior debt at Ba3, which is three notches below the investment-grade rating threshold. The ratings outlook remains stable. After the debt sale, Netflix's gross leverage will be 7.5X for the 12 months ended March 31. "However, despite the continuing issuances of debt to fund the company's negative cash flows, we expect leverage to drop gradually over time with subscriber growth, as the transition from licensed content to produced original content levels off, international markets mature and begin to contribute to profits, all which we expect to contribute to margin improvement," Moody's said. Netflix's stock rallied 1.9% in afternoon trade. It has run up 19.5% over the past three months, while the S&P 500 has gained 11.2%.
Global equity markets rallied on Tuesday as the U.S. Nasdaq and S&P 500 stock indexes marched toward record highs, while European energy shares posted their biggest daily gain since January as crude prices surged. Wall Street soared on upbeat results from Coca-Cola, Twitter, United Technologies and Lockheed Martin, which eased fears of a profit recession in a busy week for U.S. corporate earnings. European oil and gas shares jumped 2%, with BP Plc and Royal Dutch Shell Plc leading gains in London, while the FTSEurofirst 300 Index of leading European shares hit eight-month highs.
Global equity markets rallied on Tuesday as the U.S. Nasdaq and S&P 500 stock indexes marched toward record highs, while European energy shares posted their biggest daily gain since January as crude prices surged. Wall Street soared on upbeat results from Coca-Cola, Twitter, United Technologies and Lockheed Martin, which eased fears of a profit recession in a busy week for U.S. corporate earnings. European oil and gas shares jumped 2%, with BP Plc and Royal Dutch Shell Plc leading gains in London, while the FTSEurofirst 300 Index