|Day's Range||8,004.63 - 8,047.56|
|52 Week Range||6,190.17 - 8,176.08|
On the latest installment of the Final Round Strategy Session, Myles Udland, Jennifer Rogers and Seana Smith discuss the latest analyst calls from Credit Suisse and Morgan Stanley on markets and the economy.
World Bank President David Malpass weighs in on global slodown concerns. Yahoo Finance's Zack Guzman & Brian Cheung discuss.
Drug maker Perrigo issued a voluntary recall of more than 23,000 containers of this baby formula sold at Walmart. Yahoo Finance's Ines Ferre has the story
Growth stocks AMD, Shopify, Zoom Video, Ulta and Veeva raised stock market rally concerns. AbbVie will buy Allergan for $63 billion.
Tensions between the U.S. and Japan are heating up, the Fed chair is speaking, but investors are waiting to see if U.S. President Donald Trump and Chinese President Xi Jinping can reach a trade deal at the G-20 meeting later this week.
In my opinion, investors just don’t want to see conditions worsen after the meeting. It’s important that Trump comes away from the meeting looking like a winner because if there is no progress, he is prepared to hit Beijing with tariffs on at least $300 billion in Chinese goods.
The S&P 500 edged lower on Monday as losses by healthcare companies overshadowed gains in the technology sector, while investors awaited U.S. President Donald Trump's meeting with Chinese President Xi Jinping at the G20 summit this week. The Nasdaq slipped but tariff-sensitive industrials, headed up by Boeing Co, led the blue-chip Dow Jones Industrial Average to a nominal advance. While the bellwether S&P 500 ended the session in the red, it remained within a hair's breadth of its all-time closing high reached last Thursday as markets reacted to a dovish statement from the U.S. Federal Reserve.
Stock benchmarks lose some altitude Monday afternoon as investors look ahead to a meeting between President Donald Trump and Chinese leader Xi Jinping, while also tracking tensions between the U.S. and Iran.
The S&P 500 edged lower on Monday as losses by healthcare companies overshadowed gains in the technology sector, while investors awaited U.S. President Donald Trump's meeting with Chinese President Xi Jinping at the G20 summit this week. The Nasdaq slipped but tariff-sensitive industrials, headed up by Boeing Co, led the blue-chip Dow Jones Industrial Average to a nominal advance.
Global equity markets traded mostly flat on Monday as investors awaited U.S.-China trade talks the end of this week at the G20 summit, and the dollar fell to three-month lows on bets the Federal Reserve may cut interest rates more than once this year. European stocks stumbled on fears of an escalation in Iran tensions, which also kept gold prices near a six-year high. U.S. President Donald Trump targeted Iranian Supreme Leader Ayatollah Ali Khamenei and other Iranian senior officials with new sanctions on Monday.
Federal Reserve Chairman Jerome Powell with testify to Congress on July 10 and 11 about interest-rate policy, two congressional committees announced Monday. The House Financial Services panel will go first, followed by the Senate Banking Committee the following day. Powell has made a concerted effort to be available to brief members of Congress behind closed doors about the economic outlook, and is often seen by reporters walking in the hallways of the Capitol.
U.S. stocks ended mostly lower on Monday, with only the blue-chip Dow managing to hold onto slight gains, as geopolitical tensions in the Middle East weighed on the oil sector. The Dow Jones Industrial Average was up 9 points, or less than 0.1%, to around 26,728, based on preliminary numbers. The S&P 500 was down 0.2% to finish around 2,945. The Nasdaq Composite fell 0.3% to end around 8,006. President Donald Trump signed an executive order sanctioning Iran's leaders. The U.S. and Iran have been stuck in a simmering dispute over attacks on tankers near the Strait of Hormuz and the downing of a U.S. drone last week. U.S. oil futures settled higher on Monday, even as energy stocks were among the worst performers for the day. Investors were mostly focused on the upcoming G-20 meeting at the end of the week, with many hoping President Donald Trump and Chinese counterpart Xi Jinping will reach a deal to prevent a further escalation in trade tensions. Shares of Caesars Entertainment Corp. jumped 15% after the casino operator consented to a buyout by Eldorado Resorts Inc.
The company is a leading maker of firewalls and network security appliances. Fortinet stock (ticker: FTNT) shares are up about 9% this year, underperforming the Nasdaq Composite, which has risen roughly 21%. JPMorgan analyst Sterling Auty on Monday raised his rating on Fortinet to Overweight from Neutral, saying the valuation now seems attractive.
Wall Street struggled for direction on Monday as gains by technology companies were blunted by losses in the healthcare sector, while investors looked to U.S. President Donald Trump's meeting with his Chinese counterpart Xi Jinping at the G20 summit later this week. The Dow held on to a small advance, while the Nasdaq was slightly lower.
Stock-market bulls might find their summer riding on what happens when President Donald Trump and Chinese leader Xi Jinping meet at the Group of 20 summit in Japan later this week.
Dow Jones stocks today on the move included United Technologies, which got an upgrade from Cowen & Co. Ulta Beauty fell on new competition from Amazon.
The Dow Jones Industrial Average, bolstered by the Fed’s return to its easy-money mind-set, is on pace for its best June since 1938. And, the S&P 500, as of Friday’s intraday high, was up 7.7%, putting the broad-market gauge on track to be the sixth best June ever. What could possibly go wrong?
Wall Street's main indexes were flat on Monday, as losses in healthcare stocks offset gains in the technology sector, while investors awaited a high-stakes meeting between U.S. and Chinese leaders at the G20 summit later this week. The benchmark index is up 7.2% so far in June and is on track to recoup its losses from the previous month.
(MU) may lose money later this year because of falling memory chip prices, according to Citi Research. The chip maker will report its fiscal third-quarter earnings results on Tuesday. Micron stock (ticker: MU) has fallen nearly 20% over the past 3 months as hopes for a recovery in chip prices have faltered.
The Dow Jones Industrial Average , S&P 500 and Nasdaq Composite all edged higher, even though broader stock market internals were negative. The number of declining stocks on the NYSE topped advancers 1,454 to 1,327 on the NYSE and 1,641 to 1,137 on the Nasdaq exchange, while declining volume represented 56.4% of total volume on the Big Board and 55.0% of total volume on the Nasdaq. Meanwhile, the Dow gained 45 points, or 0.2% and the S&P 500 tacked on 0.1%. The Nasdaq Composite tacked on less than 0.1% and the Nasdaq 100 advanced 0.2%. The gains in the larger capitalization indexes was offset by weakness in smaller-cap companies and the economically sensitive transport sector. Russell 2000 fell 0.5% and the Dow Jones Transportation Average shed 0.7%.