|Day's Range||6,928.12 - 7,025.85|
|52 Week Range||6,190.17 - 8,133.30|
Wednesday will be another big earnings day for some of the largest U.S. banks as Goldman Sachs and Bank of America report.
U.S. stocks rallied to their highest level in more than a month on Tuesday after China's government moved to inject more life into its economy by cutting taxes and increasing spending. Netflix led a surge ...
U.S. stocks rose on Tuesday as technology and internet stocks gained on Netflix Inc's plans to raise fees for U.S. subscribers and hopes of more stimulus for China's slowing economy fostered a risk-on mood among investors. Netflix shares jumped 6.5 percent after the video streaming company said it was raising prices for its U.S. subscribers.
The bulls certainly are hoping so, since as of mid-January the S&P 500 (SPX) is ahead 3.0% while the Nasdaq Composite (COMP) is ahead 4.1%. Consider how well the S&P 500’s direction January has done in forecasting the subsequent 11 months of the year. The month with the best record since 1955, at least when measured with the S&P 500, is April.
The Nasdaq Composite Index on Tuesday closed sharply higher, putting the technology and internet-related gauge to a finish above its short-term average for the first time since early October. The Nasdaq booked a 1.7% gain to end at 7,023.83. That places the index above its 50-day moving average at 6,996.25, for the first time since Oct. 3, according to FactSet data. Market technicians watch moving averages to help assess bullish and bearish momentum in an asset. To be sure, the Nasdaq still remains in a bear market, after dropping by at least 20% from its recent peak. The Nasdaq stands about 13% below its Aug. 29 high at 8,109.69. Meanwhile, the Dow Jones Industrial Average and the S&P 500 index also closed higher.
U.S. stocks rose on Tuesday as technology and internet stocks gained on Netflix Inc's plans to raise fees for U.S. subscribers and hopes of more stimulus for China's slowing economy fostered a risk-on ...
Stocks ended higher on Tuesday thanks to a rally in tech equities and reports of further stimulus measures from China. The S&P 500 rose 1.1% to end around 2,610, based on preliminary numbers. The Dow Jones Industrial Average advanced 155 points, or 0.6%, to 24,065. The Nasdaq Composite climbed 1.7% to finish near 7,024. U.S. equity benchmarks rose to key levels, with the Nasdaq ending above its 50-day moving average for the first time since early October. The S&P 500 closed above 2,600 for the first time since Dec. 14. Stocks received a boost after China's Ministry of Finance said it would cut taxes and increase infrastructure spending, following lackluster trade data earlier this week. Tech equities were buoyed by climbing shares for Netflix Inc. after the video-streaming firm said it would raise prices for U.S. subscribers.
U.S. stocks rose on Tuesday as technology and internet stocks gained on Netflix Inc's plans to raise fees for U.S. subscribers and hopes of more stimulus for China's slowing economy fostered a risk-on mood among investors. Netflix shares jumped 6.3 percent after the video streaming company said it was raising prices for its U.S. subscribers. Other internet stocks, including shares of Alphabet Inc , Amazon.com Inc and Apple Inc, also rose following the announcement.
Country-specific exchange-traded iShares MSCI United Kingdom ETF turned slightly higher by 0.2% Tuesday afternoon after U.K. Prime Minister Theresa May's plan to divorce from the European Union was soundly defeated in a closely watched parliamentary vote. The results showed that 432 members of Parliament voted against the so-called Brexit plan, while 202 voted in favor. The results came after the U.K's popular stock benchmark, the FTSE 100 , was closed, ending the session up 0.6%, before voting commenced. The U.K. ETF provides the earliest sign of how the FTSE may perform in Wednesday trade. Meanwhile, the British pound was trading lower against the dollar, which has usually provided a lift for the FTSE 100-- predominated by international companies that tend to benefit from a weaker pound. The Brexit defeat marks one of the worst such outcomes for a U.K. prime minister and also resulted in opposition party Jeremy Corbyn bringing a vote of no-confidence in the government, which will be debated in Parliament on Wednesday. Meanwhile, stock markets in the U.S. shook off the Brexit vote, with the Dow Jones Industrial Average , the Nasdaq Composite Index and the S&P 500 index all trading solidly higher. The deadline for Brexit was set for March 29, but Tuesday's vote adds uncertainty to many aspects of the Brexit plan.
Stocks in Shanghai and Hong Kong surged almost 2 percent after U.S. President Trump talked up chances of a China trade deal and Chinese officials then came out in force hinting at more stimulus for their slowing economy. "China feels some pressure to at least keep the negotiations going and that could be enough for now, for markets to have an idea that some deal is possible, perhaps in a couple of months, not anytime soon," said Jeroen Blokland, portfolio manager for multi-asset strategies at Robeco in Rotterdam. U.S. stocks slightly pared gains after Republican U.S. Senator Chuck Grassley said United States Trade Representative Robert Lighthizer did not see much progress made on structural issues during trade talks with China last week.
U.S. stocks rose on Tuesday as Netflix spurred a rally in technology and internet stocks and UnitedHealth posted strong results, while hopes of more stimulus for China's slowing economy encouraged buying in risky assets. Netflix Inc shares jumped 7 percent after the video streaming pioneer said it was raising prices for its U.S. subscribers. The communication services sector, which includes Netflix and Facebook, rose 1.64 percent, while technology stocks jumped 1.53 percent.
With a wave of uncertainty surrounding the shutdown and trade, Chief Growth Officer Leon LaBrecque of Sequoia Financial Group says “people aren’t going out and getting capital and doing as many deals.” Yahoo Finance’s Alexis Christoforous speaks to him.