|Day's Range||2,891.90 - 2,906.00|
|52 Week Range||2,346.58 - 2,940.91|
Attorney General William Barr is set to speak about the Mueller report ahead of its release. Yahoo Finance's Editor-in-Chief Andy Serwer and Alexis Christoforous break down what we can expect with Compass Point Director of Policy Research, Isaac Boltansky.
U.S. stocks ended a choppy session slightly lower as investors considered stronger-than-expected economic data from China and a latest batch of corporate earnings results.
Major U.S. stock indexes Thursday morning saw steady trade as a highly anticipated redacted copy of Robert Mueller's investigation into possible collusion with Russia and President Donald Trump's 2016 campaign was released to the public, with lawmakers set to pore over the more than 400-page document. The Dow Jones Industrial Average was up 0.3% at 26,523, not far from a record high, while the S&P 500 index was flat at 2,899 and the Nasdaq Composite Index declined 0.2% at 7,979. A quick read of the Mueller report shows that the special counsel ultimately didn't reach a conclusion on whether Trump committed a crime, in part because of legal guidance that a sitting president cannot be indicted, the Wall Street Journal wrote.
A survey of economic conditions in the U.S. rose in March after hardly any gain in the first two months of the year, pointing to steady if unspectacular growth in the months ahead. The leading economic index increased 0.4% in March.
U.S. stock indexes moved mostly lower in early trading Thursday as investors weighed the latest batch of company earnings.
U.S. retail sales increased by the most in 1-1/2 years in March, the latest indication that economic growth picked up in the first quarter after a false start. "Retail sales really came back roaring. Ahead of the release of the report, U.S. Attorney General William Barr emphasized that Special Counsel Robert Mueller's inquiry found no collusion between President Donald Trump's 2016 campaign and Russia.
Greenlane Holdings Inc. shares rocketed 35% in their trading debut Thursday, after the U.S. maker of cannabis vape hardware and accessories priced its initial public offering above its price range. Greenlane sold 6 million shares priced at $17 each to raise $102 million. Lead underwriters Cowen & Co. and Canaccord Genuity have access to an additional 800,000 shares from selling shareholders. The stock is trading on Nasdaq, under the ticker symbol "GNLN."
The stock market was sharply mixed early Thursday. Tech stocks lagged with the Nasdaq falling 0.4%. Hot IPO stock StoneCo crashed 20%.
WASHINGTON (MarketWatch) - American businesses expanded in April at the slowest pace in 31 months, according to IHS Markit's survey of business executives. IHS Markit's flash PMI for services slipped to 52.9 from 55.3, while the manufacturing index was flat at 52.4. Any number over 50 signifies expansion. "The U.S. economy started the second quarter with its weakest expansion since mid-2016 as businesses reported a marked slowing in output, new orders and hiring," said Chris Williamson, chief business economist at IHS Markit. Other economic indicators, however, show a somewhat stronger U.S. economy.
A recent resurgence for stocks after a more than six-month corrective hiatus has many market participants questioning its durability, with trading volumes holding near the lowest levels of 2019.
Stocks are on the rise as investors continue to examine the flow of corporate earnings and new retail sales
One of the hardest things for investors to learn is just how unpredictable the stock market can be. It’s easy to see what’s happening now, compare that with what has happened recently, decide you see a trend and conclude that the trend will continue.
Hershey Co. has appointed a new chief financial officer, Steve Voskuil, effective May 13. Voskuil joins from Avanos Medical, a global medical device company, and previously worked at Kimberly-Clark Corp. as a senior finance officer. Hershey has also named Rohit Grover, currently the company's vice president of Greater China, to international president, succeeding Steven Schiller, who is leaving Hershey. Terry O'Day will take on the chief technology and data officer on a full-time basis. And Jason Reiman has been promoted to chief supply chain officer from vice president of supply chain operations. Grover, O'Day, and Reiman will take on their roles effective June 1. Hershey shares have gained 9% in 2019 while the S&P 500 index is up nearly 16% for the period.
Blackstone Group and United Rentals surged Thursday, as stocks opened higher, then quickly turned mixed ahad of the holiday weekend.
U.S. stocks opened modestly higher Thursday morning as investors weighed a stream of data and economic reports, in the final day of trading this week. (Markets will be closed in observance of Good Friday). The Dow Jones Industrial Average rose 92 points, or 0.4%, at 26,538, the S&P 500 index advanced 0.2% at 2,904, while the Nasdaq Composite Index traded flat at 7,995. All three equity gauges were within striking distance of records. Although investors will be tracking the report linked to Special Counsel Robert Mueller's investigation into Russian election interference during President Donald Trump's 2016 campaign, investors are mostly focused on earnings and the health of the U.S. economy. Thus far, earnings have been OK, with first-quarter earnings improving somewhat, according to CFRA, which said consensus estimates now call for a 2.3% fall in first-quarter operating earnings per share, or EPIS, up from estimates for a 3% drop ahead of the kickoff of earnings season, but down from the 4.5% increase projected at the end of last year. On the economic front, jobless claims slipped by 5,000 to 192,000 in the seven days ended April 13, falling to a 50-year low, the government said Thursday. Economists polled by MarketWatch forecast a 204,000 reading. Separately, A reading of retail sales soared 1.6% last month, the government said Thursday. Economists polled by MarketWatch expected sales to climb 1.1%. On the corporate front, Zoom Video Communications and social-image share site Pinterest Inc. were set to officially go public Thursday. Check out: Live coverage of the Mueller report, Barr news conference
The number of people who applied for unemployment benefits in Mid-April fell for the fifth week in a row to a nearly 50-year low of 192,000, a remarkably small level of layoffs that gives the economy a sturdy foundation on which it can continue to grow despite recent hiccups. Jobless claims slipped by 5,000 to 192,000
Canada-based Canopy Growth Corp. confirmed Thursday a deal for the right to buy New York-based Acreage Holdings Inc. in a deal that valued at $3.4 billion, when the production and sale cannabis becomes federally legal in the U.S. Canopy's stock soared 8.7% in premarket trade. MarketWatch had reported Wednesday, citing a source familiar with the negotiations, that the deal for the rights to buy Acreage was "98% done." Canopy said the purchase price represents a 41.7% premium over the 30-day volume-weighted average price of Acreage's subordinate voting shares. The deal includes a $150 million termination fee, payable by Acreage. "Today we announce a complex transaction with a simple objective," said Canopy Chief Executive Bruce Linton. "Our right to acquire Acreage secures our entrance strategy into the United States as soon as a federally-permissible pathway exists." Canopy's stock has run up 59.5% year to date through Wednesday and Acreage's stock has climbed 17.5%, while the ETFMG Alternative Harvest ETF has rallied 36.7% and the S&P 500 has gained 15.7%.