|Day's Range||6,878.98 - 7,047.62|
|52 Week Range||6,630.67 - 8,133.30|
Google CEO heads to Capitol Hill, and CBS shareholders will be gathering in NYC on Tuesday.
Emotion, not fundamentals, are driving the markets and that makes it tough to predict where stocks will go next. Yahoo Finance’s Alexis Christoforous speaks with Ryan Nauman of Informa Financial Intelligence.
Stock market timers haven’t been this gloomy since late June 2016, after the U.K.’s Brexit referendum. Recall that stock investors’ mood took a deep dive in the immediate aftermath of that referendum, in the process creating the sentiment foundation for a powerful contrarian buy signal. Consider the two stock market sentiment indices I calculate based on the average recommended exposure level of around a hundred monitored short-term stock market timers.
U.S. stock index futures pointed to a sharply higher open on Tuesday amid signs that U.S.-China trade relations could be improving. At 7:58 a.m. ET, Dow Jones Industrial Average futures were up 226 points, implying a gain of 273.74 points at the open. Chinese Vice Premier Liu reportedly said Tuesday that he had been in discussion with U.S. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer, with the aim of de-escalating a global trade war.
European stocks clawed back some of their losses on Tuesday after selling off sharply on Monday with investors unsettled after British prime minister Theresa May delayed a vote in parliament to approve the EU withdrawal treaty indefinitely. On Tuesday morning the Europe-wide Stoxx 600 gained 1 per cent, following a 1.8 per cent loss the previous day. The pound — which yesterday slipped to its lowest level against the dollar since April 2017 — is rarely out of focus at the moment, but on Tuesday morning traders will have an eye on UK labour market data as well as the usual Brexit developments.
Wall Street had a volatile session overnight which saw the Dow recover from a 507-point drop. Meanwhile, U.K. Prime Minister Theresa May delayed a Brexit vote that was set to take place on Tuesday in the U.K. parliament. Also on Monday, the Reserve Bank of India's chief, Urjit Patel, resigned abruptly, stoking concerns over the independence of the central bank.
The market rebounded from the deep losses seen Monday morning, leaving all three major indexes in positive territory by the end of the day.
The energy index was the S&P's biggest percentage loser as oil prices declined and financial stocks tumbled with the S&P 500 bank index (.SPXBK) confirming it was in bear territory. It might explain a little bit the reversal," said David Joy, Ameriprise Chief Market Strategist. The Dow Jones Industrial Average (.DJI) rose 34.31 points, or 0.14 percent, to 24,423.26, the S&P 500 (.SPX) gained 4.64 points, or 0.18 percent, to 2,637.72 and the Nasdaq Composite (.IXIC) added 51.27 points, or 0.74 percent, to 7,020.52.
Wall Street ended Monday's volatile session slightly higher with help from technology stocks although bank stocks tumbled and uncertainty over Britain's exit from the European Union kept investors on edge about global growth. The energy index was the S&P's biggest percentage loser as oil prices declined and financial stocks tumbled with the S&P 500 bank index confirming it was in bear territory.
Stocks close higher Monday as major indexes bounced back from earlier losses as renewed confidence in the strength of the U.S. economy offset lingering worries over the U.S.-China trade dispute.
U.S. stocks remained volatile Monday as the market recovered from sharp losses in morning trading to end with modest gains. The Dow Jones Industrial Average lost as much as 507 points in early trading before ending with a gain of 34.
Confusion stemming from British Prime Minister Theresa May's abrupt decision on Monday to delay a vote on her Brexit deal weighed heavily on European shares. Sluggish data from the world's largest economies including the United States, China, Japan and Germany have disappointed investors in recent days, along with growing skepticism that Washington and Beijing will be able to reach a trade deal before the expiration of a 90-day window. China reported far weaker-than-expected November exports and imports, showing slower global and domestic demand and raising the possibility authorities will take more measures to keep the country's growth rate from slipping too much.
U.S. stocks ended a volatile session slightly higher on Monday, helped by gains in technology shares, though uncertainty over Britain's exit from the European Union kept investors on edge about global ...