|Day's Range||7,003.62 - 7,057.50|
|52 Week Range||6,190.17 - 8,133.30|
The government shutdown is in day 27, and its effects are starting to ripple through the economy and financial markets. Yahoo Finance's Kristin Myers reports. Plus Andy Busch, former CFTC, Chief Market Intelligence Officer gives his take to Yahoo Finance's Julie Hyman, Adam Shapiro and Brian Sozzi.
Stock ownership has gotten extremely concentrated in the U.S. with the top 1% owning half of equities held by American households.
Larry Fink, CEO of world’s largest asset management firm, BlackRock Inc., says that the stock market has probably put in a bottom but that for sentiment to take off the U.S.’s spat with China on trade needs to get resolved.
U.S. stocks eked out gains on Thursday to consolidate near a one-month high, helped by advances in healthcare and industrial shares and as the financial sector shrugged off Morgan Stanley's disappointing earnings. "The news about Morgan Stanley is wearing off. The issues that caused the shortfall in revenue for Morgan Stanley seem to have been self-induced and not necessarily a commentary on what's going on in banking," said Kim Forrest, senior portfolio manager at Fort Pitt Capital Group in Pittsburgh.
NEW YORK (AP) — U.S. stocks are mostly higher Thursday as health care and industrial companies rise. Banks are slipping as Morgan Stanley drops after its fourth-quarter results fell short of Wall Street's expectations. Smaller companies are making bigger gains than the rest of the market after they suffered outsize losses in late 2018.
U.S. stocks flipped between small gains and losses Thursday after two sessions of advances as investors parsed a raft of earnings reports and trade developments. Trade and other political uncertainties have helped depress investor sentiment in recent months, given the potential implications for economic growth and corporate supply chains. Among decliners, shares of Morgan Stanley fell 4.5% after the bank’s fourth-quarter profit missed expectations. The company’s lows of the day had put the stock on pace for its largest percentage loss since June 2016.
The latest on developments in financial markets (all times local): 12:00 p.m. U.S. stocks are flat at midday as banks fell after a series of disappointing quarter reports. Investment bank Morgan Stanley ...
The Nasdaq and S&P 500 were pushing ahead with small gains at noon on Thursday, after starting the day on a downbeat note.
Concern over China's economic outlook and global trade left major world stock indexes little changed on Thursday, while an end to the latest chapter in Britain's exit from the European Union helped to ...
Wall Street's main indexes fought back from a weak start to hover near one-month highs on Thursday, as gains in healthcare and consumer discretionary stocks offset losses in the energy and financial sectors. U.S. stock futures were under pressure for most of the session and the market even opened lower due to disappointing earnings from Morgan Stanley and renewed concerns over the progress of Sino-U.S. trade talks. Morgan Stanley tumbled 6.3 percent after reporting a lower-than-expected quarterly profit as spikes in volatility in the end of the fourth quarter hurt trading.