|Day's Range||6,796.39 - 6,829.92|
|52 Week Range||6,630.67 - 8,133.30|
The highly-anticipated two-day FOMC meeting kicks off, FedEx and Micron report earnings and November homebuilding will be released on a busy Tuesday.
There's new evidence today that a recession could be in the cards in the next few years. Yahoo Finance’s Alexis Christoforous and Brian Sozzi examine the details.
U.S. stocks opened higher on Tuesday boosted by technology shares, as investors wait for clues on the Federal Reserve's path for future rate hikes. The Dow Jones Industrial Average rose 176.15 points, ...
Ominous-sounding death crosses have been cropping up in the stock market like weeds, with the latest—and arguably, the last important such cross—about to take hold in the Dow.
President Donald Trump is imploring the Federal Reserve to pause after the Dow has shed more than 1,000 points over the past two sessions.
U.S. stocks opened higher on Tuesday as key equity benchmarks looked to bounce back from a multisession selloff that pushed the Nasdaq and S&P 500 to their lowest levels since the fall of 2017. The S&P 500 was up 0.6% to 2,562. The Dow Jones Industrial Average picked up 206 points, or 0.9%, to 23,798. The Nasdaq Composite rose 0.7% to 6,808. On Monday, the S&P 500 finished at its lowest level since Oct. 2017, the Nasdaq finished at its lowest since Nov. 2017. Equities have struggled to fight back against a tide of fears including the Federal Reserve's hiking cycle and a deterioration in global growth. The Federal Open Market Committee, the central bank's rate-setting body, is slated to begin its final meeting of the year on Tuesday, where it is expected to raise rates by a quarter percentage point. In company news, shares of Oracle Corp. were up 5% in premarket trading after the software firm beat its earnings expectations.
DEEP DIVE Even after the recent pain in the stock market, the S&P 500 Index is down only 3% in 2018 (excluding dividends). That’s not so bad when you consider the benchmark index rose 19% in 2017. Still, more than half of the stocks in the index are in bear-market territory, showing how broad the decline has been.
Amazon.com Inc. said Tuesday it will create 600 new jobs in Toronto, as part of its expansion of its Toronto Tech Hub. The new jobs will be in fields including software development, machine learning, cloud computing, digital advertising and artificial intelligence. The e-commerce giant said it has opened a new 113,000 square-foot facility in downtown Toronto. The new jobs will add to the 800 corporate employees the company already has in Toronto, and over 10,000 employees it has across Canada. Amazon's stock was up 1.5% in premarket trade, putting it on track to snap a three-session losing streak in which it tumbled 8.6%. Over the past three months, the stock has plunged 21.6% while the Nasdaq Composite has shed 15.1% and the Dow Jones Industrial Average has given up 10.1%.
Futures on all three major stock indexes were higher following their plunge on Monday. Investors are focusing on the Federal Reserve meeting that ends on Wednesday.
Investor Paul Meeks is avoiding the sector that made him famous on Wall Street. Meeks, who's known for running the world's biggest tech fund for Merrill Lynch during the dot-com boom and subsequent collapse, sees more trouble ahead for the tech-dominated Nasdaq. "It's too early to buy," he said Monday on CNBC' " Trading Nation ." "What I would like to see is to get through the Christmas period.
Market technicals appear to be dictating the action, at least until the Federal Reserve takes the stage tomorrow.
SINGAPORE (AP) — World stocks stabilized Tuesday, with Wall Street expected to edge up after heavy losses the day before, as traders prepare for a likely interest rate hike by the Federal Reserve.
Stocks rebounded Tuesday, recovering some of the steep losses of the prior trading session that sent both the Dow Jones Industrial Average and the S&P 500 down more than 2 percent. S&P 500 and Nasdaq futures also pointed to a rebound. Stocks sank on Monday ahead of the Federal Reserve's anticipated rate hike this week.
MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.3 percent in mid-morning trade while Japan's Nikkei tumbled 1.2 percent by the midday break. U.S. stock futures rose 0.4 percent in Asia following the previous session's sharp sell-off. "U.S. retailers have been stocking up consumer goods from China before hikes in tariff, piling up inventories.