|Day's Range||8,633.60 - 8,745.82|
|52 Week Range||6,190.17 - 8,745.82|
Headlines moving the stock market in real time.
U.S. stocks hit record levels on Thursday after President Donald Trump tweeted that the United States was "very close" to a trade deal with China and on a report that U.S. trade negotiators had offered to cancel a fresh round of tariffs on Chinese goods. The three main indexes opened lower but quickly gained ground after Trump's statement, which comes just days before the tariffs go into effect on Dec. 15.
To be sure, Wall Street is getting more comfortable with the idea that a U.S. and global recession could be averted next year, thanks to some better-than-expected data.
U.S. stock benchmarks carve out fresh intraday all-time highs Thursday morning, reversing premarket losses, after President Donald Trump tweet that the U.S. is “getting very close to a big deal with China,” signaling that tariffs set to go into effect Sunday may be avoided.
U.S. stocks reversed higher soon after the opening bell on Thursday after President Donald Trump said in a tweet that the U.S. was getting close to "big trade deal," but did not offer further details. This comes amid investor uncertainty around trade policy between Washington and Beijing and questions whether a swathe of tariffs on Chinese goods will take effect on Dec. 15. The S&P 500 rose 0.4% to 3,156. The Dow Jones Industrial Average jumped 129 points, or 0.5%, to around 28,040. The Nasdaq Composite was up 0.4% to 8,688. The Federal Reserve underlined it would not embark on further interest rate changes for a long time. The European Central Bank also stood pat on Christine Lagarde's first meeting on Thursday.
The benchmark S&P 500 hit a record high on Thursday after President Donald Trump said in a tweet that the United States was getting very close to a "big deal" with China. The S&P 500 was up 16.28 points, or 0.52%, at 3,157.91 and the Dow Jones Industrial Average was up 140.75 points, or 0.50%, at 28,052.05. The Nasdaq Composite was up 38.29 points, or 0.44%, at 8,692.34.
President Donald Trump said on Twitter Thursday that a "big deal" with China is "getting very close," as he was reportedly set to meet with his trade team to discuss planned tariffs. "They want it, and so do we!" Trump said. Trump was expected to meet with top trade advisers to discuss the planned Dec. 15 tariffs on $160 billion in Chinese goods, Reuters reported. U.S. stocks turned higher after Trump's tweet.
Do stock and bond markets care about impeachment? The stock market is preoccupied with the status of trade negotiations, at least as portrayed by the media, between the U.S. and China over a phase-one deal that would provide some tax relief to China in exchange for its commitment to increase purchases of U.S. agricultural products. “Obsessed” is more like it, with every intimation that an agreement is nearing conclusion or facing hurdles sending stock prices (SPX)(DJIA) soaring or tumbling.
Futures on all three major U.S. stock indexes slipped into negative territory as investors wait to see if President Donald Trump goes ahead with tariffs that are due to take effect on Sunday.
Futures: Lululemon Athletica fell late on weak guidance after Apple and chips led Wednesday's stock market rally. Thursday night's Adobe, Broadcom and Costco earnings will be key.
SEOUL, South Korea (AP) - North Korea accused the United States of "hostile provocation" on Thursday for criticizing its ballistic missile tests during a United Nations Security Council meeting and warned that the Trump administration may have blown its chance to salvage nuclear negotiations. An unnamed Foreign Ministry spokesperson said the "foolish" U.S. comments helped North Korea reach a "definite decision" about its next steps as it approaches an end-of-year deadline set by leader Kim Jong Un for Washington to offer mutually acceptable terms to revive the nuclear talks. The North did not specify what those steps were.
Wall Street is set for some modest gains Thursday, as investors continue to read positive that Fed meeting, that indicated benchmark interest rates will probably stay lower for longer.
All three major stock indexes closed slightly above the break-even line on Wednesday. The Federal Reserve kept interest rates unchanged following a two-day meeting and indicated that rates will likely stay on hold for the foreseeable future.
Dollar-cost averaging is a popular strategy in which an investor purchases an asset at regularly timed intervals to mitigate the risk of buying high. But what about “dollar-cost ravaging?”
U.S. economy may chug along for another two years without a blip thanks to the Federal Reserve’s low rates, which makes it a good time to own stocks, say analysts at BCA Research.
Wall Street's main stock indexes ended modestly higher on Wednesday after the U.S. Federal Reserve held interest rates steady and signaled that borrowing costs are likely to remain unchanged indefinitely. After cutting rates three times earlier this year, the Fed left its benchmark rate at the target range of between 1.50% and 1.75%, a decision that was widely expected.
Stocks closed higher Wednesday, after the latest policy statement from the Fed sent indexes to session highs, although indexes continued to make narrow price moves overall.
U.S. stocks came off session lows to clinch modest gains on Wednesday after the Federal Reserve indicated it would keep interest rates at current levels through the whole of next year, concluding its two-day meeting. The S&P 500 closed up 0.3% to end at around 3,141.63. The Dow Jones Industrial Average picked up 30 points, or 0.1%, to close near 27,911.30, based on preliminary numbers. The Nasdaq Composite finished 0.4% higher to end at 8,654.05. The Fed held interest rates at a range between 1.50% to 1.75%, and suggested its benchmark lending rate would stay at those levels through all of next year in the so-called dot plot. The potential for financial conditions to stay accommodative helped bolster sentiment around risky assets like stocks.