|Day's Range||7,428.30 - 7,582.89|
|52 Week Range||6,517.93 - 8,133.30|
Stocks closed mixed on Friday with the S&P closing lower for the 10th time in the past 12 trading sessions.
Yahoo Finance's Seana Smith and Adam Shapiro talk to Michelle Meyer, Chief Economist at Merrill Lynch Bank of America and Kara Murphy, CIO, United Capital about the biggest risks to the economy right now.
Yahoo Finance's LIVE market coverage and analysis of stocks and bonds begins each day at 11:30 a.m. ET
At the end of a tumultuous week, few investors took note that Friday was the 31st anniversary of Black Monday—Oct, 19, 1987. The Dow popped up 548 points on Tuesday, but that amounted to less than a tenth of the percentage change of Black Monday. Black Monday’s significance, more than being the single worst day for stocks in U.S. history, is that it established what became known as “the Greenspan put.” To counter the feared economic impact of a stock-market meltdown, the Fed under then-Chairman Alan Greenspan cut interest rates, stoking a huge bond rally, which led to a recovery in equities.
The Dow Jones Industrial Average gained 104.35 points, or 0.4%, to 25444.34 last week, while the S&P 500 squeaked out a 0.65 point rise to 2767.78, and even the Nasdaq Composite finished off just 0.6%, to 7449.03.
China's economic growth has sunk to a post-global crisis low as officials launch a media blitz to reassure investors about its sagging stock market. Retail spending, factory output and investment all weakened. The National Association of Realtors says sales declined 3.4 percent last month, the biggest drop in 2 ½ years, to a seasonally adjusted annual rate of 5.15 million.
By Rodrigo Campos NEW YORK (Reuters) - Stocks dipped on Friday, dragging a global index into a fourth consecutive weekly loss, while the euro and sterling rallied against the dollar after a report said ...
U.S. stocks gave up an early rally Friday and struggled to another mixed finish as investors continued sell former favorites like retailers. Household goods makers rose again as a week of choppy trading ...
Stocks dipped on Friday, dragging a global index into a fourth consecutive weekly loss, while the euro and sterling rallied against the dollar after a report said Britain is ready to drop a key Brexit ...
The U.S. benchmark S&P 500 stock index edged lower on Friday as strong earnings from Procter & Gamble Co were offset by ongoing concerns about rising interest rates and tensions over trade policy denting economic growth. Shares of Procter & Gamble jumped 8.8 percent after the consumer goods company reported a surprise rise in first-quarter sales. The climb in Procter & Gamble shares lifted the Dow and helped advance the S&P 500 consumer staples index 2.3 percent.
U.S. stocks close mostly lower on Friday with bulls failing to defend early gains as weak housing data overshadowed solid corporate earnings.
The benchmark S&P 500 stock index slipped on Friday as strong earnings from Procter & Gamble Co were offset by ongoing concerns about rising interest rates and geopolitical tensions denting U.S. economic ...
Stocks saw a mixed finish to a choppy session Friday, with the Dow Jones Industrial Average taking back a modest portion of the previous session's more-than-300-point decline. The tech-heavy Nasdaq Composite lagged behind, falling 0.5% to finish around 7,449, according to preliminary figures, and leaving it with a 0.6% weekly loss. The S&P 500 ended less than 0.1% lower near 2,768, leaving it virtually unchanged on the week. The Dow rose around 65 points, or 0.3%, to close near 25,444.
The U.S. benchmark S&P 500 stock index edged lower on Friday as strong earnings from Procter & Gamble Co were balanced by ongoing concerns about rising interest rates and geopolitical tensions denting U.S. economic growth. Shares of Procter & Gamble jumped 8.3 percent after the consumer goods company reported a surprise rise in first-quarter sales. Procter & Gamble was one of the top boosts to the S&P 500, and its rise helped advance the S&P 500 consumer staples index 2.3 percent.
Qualtrics International Inc., a Utah-based software company filed for an initial public offering Friday. The company did not yet provide a number of shares it expects to offer or an expected price, but said it plans to raise $200 million, which is likely a placeholder amount. The company applied ti list its Class B common shares on the Nasdaq Global Select Market under the ticker symbol "XM." Morgan Stanley and Goldman Sachs are the lead underwriters. The company said its "new category of software" enables organizations to succeed in the "experience economy." Qualtrics said it lost $3.4 million on revenue of $184.2 million during the six months ending June 30, 2018, compared with a loss of $3.71 million on revenue of $131.4 million in the same period a year ago. The company has filed to go public at a time that the Renaissance IPO ETF has tumbled 13.3% over the past three months, while the Nasdaq Composite has lost 4.6% and the Dow Jones Industrial Average has gained 1.7%.
Apple Inc. Chief Executive Tim Cook took an extraordinary step of publicly demanding the retraction of a Bloomberg News story that claimed compromised motherboards made their way into Apple servers. In an interview with Buzzfeed, Cook said "There is no truth in their story about Apple," and called for it to be retracted. Buzzfeed reported it was the first time an Apple CEO had publicly called for such a move, even though it has faced demonstrably false content previously, such as a This American Life episode on Apple's Asian manufacturing that was found to be fabricated. Bloomberg reported earlier this month, based on multiple anonymous sources including three former Apple employees, that China managed to put small chips on Super Micro Computer Inc. motherboards that made their way into servers used by more than two dozen companies, including Apple and Amazon.com Inc. Bloomberg has stood by the story despite vociferous denials from the companies named in the report, and told Buzzfeed for its story, "We stand by our story and are confident in our reporting and sources." Apple stock was up 1.5% in Friday trading, even as the Nasdaq Composite Index was down 0.2%.