|Day's Range||6,953.23 - 7,084.85|
|52 Week Range||6,190.17 - 8,133.30|
North Island Chairman & Co-Founder Glenn Hutchins says “the markets do not seem to be forecasting a recession,” despite signs of global economic slowdown. Yahoo Finance’s Editor-in-Chief Andy Serwer speaks to him.
The Dow Jones Industrial Average rose 24 points in afternoon trade, defying the negative breadth in the broader market, as the sharp gains in three Dow components were enough to keep the blue-chip barometer in positive territory. Of the Dow's 30 components, 21 were trading lower. But the stock price gains for International Business Machines Corp. , United Technologies Corp. and Procter & Gamble Co. after upbeat earnings reports added about 121 points to the Dow's price. Meanwhile, the number of declining stocks lead advancers 1,699 to 1,095 on the NYSE and 1,601 to 1,153 on the Nasdaq exchange. The volume of declining stocks represented 58.8% of total volume on the Big Board and 65.2% of total volume on the Nasdaq. While the Dow gained, the S&P 500 declined 0.2% and the Nasdaq Composite shed 0.5%.
The S&P 500 and Nasdaq indexes turned lower after initially rallying, led by losses among materials and transportation companies. White House Council of Economic Advisers Chairman Kevin Hassett said that if the partial government shutdown extends through March, there’s a chance of zero economic expansion this quarter, though “humongous” growth would follow once federal agencies reopen. “The broader concern that I think will continue to creep in here is, leaving trade aside, is how weak is global growth?
A global index of stock markets turned negative on Wednesday as worries over U.S. politics, global economic growth and trade tensions offset a boost from quarterly earnings reports. The U.S. dollar and ...
Investors were torn between upbeat earnings reports from high-profile companies and ongoing worries about a slowdown in global growth.
The S&P 500 and the Nasdaq reversed course to dip slightly on Wednesday due to losses in healthcare and financial sectors, while the Dow stayed afloat on positive earnings reports from IBM, United Technologies and Procter & Gamble. Eight of the 11 major S&P sectors were lower.
Stocks rose Wednesday in a rebound from the previous session’s rout as earnings continue to roll in and investors watch continuing trade tensions between the U.S. and China.
The S&P 500 and the Nasdaq reversed course to dip slightly on Wednesday due to losses in healthcare and financial sectors, while the Dow stayed afloat on positive earnings reports from IBM, United Technologies ...
U.S. stocks rose on Wednesday, as strong earnings from IBM, United Technologies and Procter & Gamble led a rebound for Wall Street from its second biggest decline in 2019. International Business Machines Corp jumped 8.78 percent and led the gains on the Dow Jones Industrial Average after the technology services company projected 2019 profit above expectations.
Stocks opened higher Wednesday, taking back a chunk of the previous day's decline, as investors cheered upbeat earnings as fourth-quarter corporate results continue to roll in. The S&P 500 rose 0.5% to 2,645.39, while the Dow Jones Industrial Average advanced 222 points, or 0.9%, to 24,626. The Nasdaq Composite gained 38 points, or 0.5%, to 7,058. International Business Machines led Dow gainers, jumping 6.5% after its earnings and outlook topped expectations. Dow components Procter & Gamble Co. , up 6.4%, and United Technologies, up 6.1%, were also on the rise after earnings.
A trio of strong earnings reports from IBM, Procter & Gamble, and United Technologies lifted U.S. stock futures despite continuing concern over global economic growth, the trade war with China, and the government shutdown.
SINGAPORE (AP) — World stock markets were subdued Wednesday as news of possible hiccups in U.S.-China trade talks ratcheted up growth worries.
On Wall Street, stocks dropped to their lows of the day following a Financial Times story which said the U.S. had canceled a trade meeting with Chinese officials. The report was later confirmed by a source familiar with the situation to CNBC's Kayla Tausche. Major stock markets in Asia ended mixed on Wednesday amid concerns over the state of ongoing U.S.-China trade negotiations, after reports emerged that the White House canceled a trade planning meeting with Beijing this week.
Existing home sales saw a sharp decline in December, but this Wharton professor says real estate could pick up in 2019. Yahoo Finance's Adam Shapiro and Rick Newman discuss with Lending Tree Chief Economist Tendayi Kapfidze, Rosecliff CEO Mike Murphy, and Wharton School of Finance professor Susan Wachter.