|Day's Range||7,487.85 - 7,616.86|
|52 Week Range||6,517.93 - 8,133.30|
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When Robinhood launched in 2015, it was touted as an app that allows commission-free trading for everything from stocks to ETFs to cryptocurrencies. But a report from Bloomberg says Robinhood makes more than 40 percent of its revenue from selling its data to high-frequency trading firms. Yahoo Finance's Seana Smith, Dan Roberts and Adam Shapiro talk with Robinhood co-founder Vlad Tenev.
Defense companies such as Lockheed Martin and Raytheon were hit by U.S. Treasury Secretary Steven Mnuchin pulling out of next week's investment conference in Saudi Arabia. Defense contractors fear that lawmakers angered by the disappearance of a Saudi journalist in Turkey will block further arms deals with Saudi Arabia. The minutes of the Fed's September meeting, released on Wednesday, showed policy makers broadly agreed on the need to raise interest rates further.
U.S. stocks fell on Thursday as weak earnings reports from industrials raised worries about rising expenses and the impact of tariffs, adding to concerns over higher borrowing costs after hawkish commentary in the Federal Reserve's minutes. Results from Cessna business jet-maker Textron, equipment renter United Rentals and hand tools maker Snap-on Inc, which slid between 2.33 percent and 9.23 percent, only served to show corporate profit has little room to grow.
The Dow Jones Industrial Average on Thursday fell to sessions lows, with technology and communication-services shares leading losses for the broader market. The Dow most recently was down 312 points, or 1.3%, at 25,362, while the technology-laden Nasdaq Composite Index was taking it on the chin, off 1.9% at 7,497. The S&P 500 index also was trading sharply lower, retreating 1.3% at 2,771. Less than a handful of shares of the S&P 500's technology sector were trading in the green, with losses led by declines of at least 3% in Adobe Inc. , and Autodesk Inc. . Shares of internet-related company Netflix Inc. , which is in a new S&P 500 sector called communication services, were down sharply.
NEW YORK (AP) — U.S. stocks are falling Thursday as interest rates resume their upward climb and several industrial companies post disappointing third-quarter results. Interest rates started rising a day ago after the Federal Reserve released minutes showing that a minority of its leaders think interest rates will need to keep rising to a level that slightly restricts economic growth. That would affect stocks because it means smaller corporate profits and less spending by consumers.
Citrix Systems’ (CTXS) revenue fell at a four-year CAGR (compound annual growth rate) of 1% to $2.8 billion in 2017. Revenue projections for Citrix’s 2018, 2019, and 2020 are $2.9 billion, $3.1 billion, and $3.2 billion, respectively. At the end of last week, Citrix stock had beaten the NASDAQ Composite Index in the last five days, in the last three months, in the last year, and YTD (year-to-date).
U.S. stocks on Thursday are falling, after a poor showing in the Chinese stock market and hawkish Fed minutes
U.S. stocks opened lower on Thursday as some industrials reported disappointing results, while the Federal Reserve's minutes showed officials broadly agreed on raising interest rates further, fanning concerns ...
Microsoft’s (MSFT) revenue rose at a four-year CAGR (compound annual growth rate) of 6% to $110.4 billion in fiscal 2018, which ended on June 30, 2018. Its net income rose at a four-year CAGR of 8% to $30.3 billion. Microsoft’s revenue forecasts for fiscal 2019, fiscal 2020, and fiscal 2021 are $122.9 billion, $135.9 billion, and $151.2 billion, respectively.
Stock markets mostly dipped on Thursday on the news that some policymakers at Federal Reserve think interest rates should continue to be raised until they are slightly restrictive. The future contracts for the Dow Jones industrial average and for the S&P 500 were both down 0.4 percent. FED TALK: The Federal Reserve's minutes from its meeting in late September, when it raised interest rates for the third time this year showed some participants thought the Fed's key interest rate would eventually need to "become modestly restrictive" to ensure inflation doesn't climb too high.
Automatic Data Processing’s (ADP) revenue rose at a four-year CAGR (compound annual growth rate) of 2% to $13.3 billion in fiscal 2018, which ended on June 30, 2018. Its net income rose at a four-year CAGR of 6% to $1.9 billion. Its revenue rose 8% to $13.3 billion in fiscal 2018.
U.S. stock index futures pointed to a relatively flat open as investors digested comments from the Federal Reserve's most recent meeting that showed the central bank was leaning toward more rate hikes moving forward. At around 7:10 a.m. ET, Dow Jones Industrial Average futures were down 71 points, indicating a decline of 28.68 points at the open. Futures on S&P 500 and Nasdaq 100 also pointed to a flat-to-negative open.
Stocks on Wall Street had a turbulent session overnight following the release of the Federal Reserve's September meeting minutes, which showed a commitment to tighter monetary policy to keep the economy steady. The U.S. Treasury Department refrained from labeling China as a currency manipulator in a report released on Wednesday, but adopted tougher language against the country. The Greater China markets were largely lower, as Hong Kong's Hang Seng index slipped by 0.47 percent in the afternoon.
The wild swings in stock and bond markets this month are another sign that investors are struggling to adapt to a world where central banks are curbing the flow of easy money. Many professional investors say the turbulence reflects the early stages of what they call a rotation, a pragmatic decision to reallocate money away from assets whose gains now appear at risk—in this case, the most highly valued stocks such as technology-company shares—to safer sectors such as bonds. Minutes released Wednesday from the Federal Reserve’s September meeting showed officials believe the economy is strong enough to absorb additional rate increases, heightening investor expectations that the central bank will continue on its course of increases.
Bottom Fishing After starting Wednesday lower, the S&P 500 finished just about even, despite a brief scare following the release of the minutes from September’s Federal Reserve meeting. The same couldn’t be said about the Dow, which dropped more than 90 points thanks to IBM’s post-earnings tumble. The numbers have been good: 90% of them have topped earnings forecasts and 70% have exceeded sales expectations.
A sharp rebound by beaten-down U.S. stocks produced one of the market’s strongest days of the year Wednesday, but one chart-watcher isn’t convinced it means “blue skies ahead.”
It is another volatile day on Wall Street, as investors digest new earnings reports and a release of minutes by the Fed
Wall Street's major indexes edged lower after a choppy session on Wednesday after the Federal Reserve showed broad agreement on the need to raise borrowing costs further, cementing investor concerns that had helped cause a major sell-off the week before. The S&P 500 zigzagged furiously between positive and negative territory after the 2 p.m. ET (1800 GMT) release of the Fed's September meeting minutes. In defiance of sharp criticism from U.S. President Donald Trump, policymakers showed agreement on the September hike and general anticipation that further gradual increases would be consistent with the economic expansion, labour market strength, and firm inflation that most forecast.
Electric auto brand Tesla Inc. says it has secured land in Shanghai for its first factory outside the United States, pushing ahead despite mounting U.S.-Chinese trade tensions. WASHINGTON (AP) -- The Trump administration is apparently reassigning a political appointee at the Department of Housing and Urban Development to lead an internal watchdog agency at the Interior Department. An email sent by HUD Secretary Ben Carson to staff says assistant HUD secretary Suzanne Israel Tufts will take over as acting inspector general at Interior.