|Day's Range||9,462.32 - 9,529.90|
|52 Week Range||6,631.42 - 9,838.37|
Stocks fell slightly Monday morning, steadying against a backdrop of protracted protests in some of the nation’s largest cities, many of which had already been struggling to reopen amid the coronavirus outbreak.
U.S. stocks on Monday come under pressure to kick off trade in June, amid signs of rising Sino-American trade tensions, with investors also watching violent protests that reverberated throughout the country.
Uptrends that exist on each of the equity index charts are intact. The indices closed mixed Friday with negative NYSE internals while the Nasdaq's were positive. Both saw an elevation in the level of trading volume.
U.S. stocks opened modestly lower Monday as investors watched the latest developments in U.S.-China relations after reports that China was pausing some purchases of American agricultural goods, amid rising tensions over the status of Hong Kong as an independent region. The Dow Jones Industrial Average fell 85 points, or 0.3% to 25,288, the S&P 500 index shed 12 points, or 0.4%, to 3,033 and the Nasdaq Composite index retreated 21 points, or 0.3%, to 9,466. Policymakers in China have told state-owned companies to cease purchases of U.S. soybeans and pork, according to reports in Bloomberg and Reuters, after President Trump said Friday that his administration would study new sanctions against China and revoke special privileges enjoyed by Hong Kong after China moved to impose a new national security law on the special administrative region. China's move was rebuked by the U.S. and its allies as an incursion on Hong Kong's autonomy and rule of law. Investors were also monitoring clashes between protesters and law enforcement as Americans took to the streets over the weekend to condemn police violence. Market participants worry that the protests may complicate state reopening efforts in the midst of the COVID-19 pandemic if demonstrations last for a longer period
Benchmarks finished mostly higher on Friday after President Donald Trump's press conference in response to China's new security legislation turned out not to be as disruptive to trade and finance as investors had earlier feared.
Futures were little changed following a weekend of unrest in many U.S. cities. Don't forget to game plan for the coronavirus stock market rally. Tesla, Apple look to break out decisively.
President Trump’s forceful anti-China speech Friday was the latest volley in a deepening conflict between the U.S. and China that have brought relations to possibly the lowest point since the normalization in 1979 and could serve as a prelude to Sino-American disputes taking center stage for markets once again, investors and analysts say.
DEEP DIVE U.S. stocks rose in May, extending a rally that began after the coronavirus-crisis bottom in March. • The Dow Jones Industrial Average (DJIA) recovered from an earlier decline Friday, as President Trump discussed actions against China, to end the day with an 18-point decline.
Top news and what to watch in the markets on Monday, June 1, 2020.
A report that China has halted some U.S. farm imports sent U.S. stock futures lower early on Monday. Bloomberg News reported China told state-run companies to pause purchases of U.S. products including soybeans, as pork products orders also were cancelled, the report said. European stocks also moved off the highest levels of the session.
Manolo Falco, Citigroup’s co-head of investment banking explained to the Financial Times why he believes the firm’s corporate clients should raise as much cash as possible before the reality of the pandemic sinks in for investors
Stifel’s Barry Bannister lifts his target for the S&P 500 to 3,250, citing signs the worst of the economic hit from the COVID-19 pandemic are past.
Stocks made a comeback in May, as major indexes marched higher on the economy gathering steam, government's stimulus measures and optimism over a potential vaccine for coronavirus.
The main U.S. stock indexes were near the break-even line despite tension between the U.S. and China and the nationwide protests over the death of George Floyd in Minneapolis.
For billionaire Alan Howard, the coronavirus crisis has been a huge difference maker. According to Bloomberg News, the co-founder of Brevan Howard has delivered a massive 100% return so far this year for investors in the hedge fund he personally manages — that’s better than all other major macro hedge funds and one of the best stretches of his career. Alan Howard’s fund, with the backing of a handful of external investors, was launched in 2017 with the aim of taking big risks and achieving big returns.
Over the next three weeks at least, it’s unlikely that the stock market will break below its March 23 lows. In the report, I ascertained that, based on the average lag time between the VIX’s (VIX) peak and the bear market’s eventual end, that low would occur on June 14. One is to be reminded — yet again — that financial markets are never 100% predictable.
The Stock Market Update analyzes the daily action of this raging bull market. With only 4% to go before all-time highs on the Nasdaq, what's next?
Renewed China tension? A tiff between Twitter and President Trump? No problem for a stock market that just keeps going higher...for now.
Market participants were initially wary about the possibility of a big rise in tensions between the U.S. and China over recent actions in Hong Kong, but a White House press conference turned out not to be as confrontational as some had feared. The Dow Jones Industrial Average (DJINDICES: ^DJI) lost ground, but the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) had modest gains. Much of the Nasdaq's outperformance came from a great day for technology stocks, which once again proved how resilient their business models are, even in the face of coronavirus-provoked economic pressures.
Stocks pared back losses Friday after President Donald Trump delivered a China-focused speech that was more restrained than expected. There was no talk of sanctions or raised tariffs on Chinese goods.
Stock index benchmarks ended mostly higher Friday and booked sharp gains for the week and month, after a news conference from President Donald Trump on China turned out to be not as disruptive to trade and finance as had been feared
Stocks closed at their highest levels since at least March, ending Friday’s volatile session mostly higher after President Donald Trump announced retaliatory measures against China that were less negative for markets as some had feared. Myles Udland, Sean Smith, Rick Newman, and Akiko Fujita discuss on The Final Round.
President Donald Trump on Friday said the U.S. is quitting the World Health Organization and is beginning to revoke Hong Kong’s special status, in an escalation of tension with China.
Yahoo Finance's Jared Blikre joins Myles Udland to break down the day's price action in stocks as well as a long in Autodesk (ADSK), a Yahoo Finance Premium Investment Idea.