|Day's Range||6,926.9746 - 7,030.7363|
|52 Week Range||5,996.8101 - 7,637.2700|
The Dow Jones Industrial Average inched higher Wednesday to end its longest losing streak in more than a year, lifted by a surge in Boeing shares following the aerospace giant’s latest earnings report. Stocks have wobbled in recent days with bond yields climbing and investors wondering whether earnings are peaking for big U.S. companies, which could hinder future stock gains as interest rates and inflation continue rising. “Tax reform and economic momentum suggests that earnings are likely to peak this year, but not until later in the year,” said Kristina Hooper, chief global market strategist at Invesco.
The Nasdaq recovered nicely Wednesday after dropping 1.1% intraday, but several growth stocks, including China names, remained under selling pressure.
Wall Street limped into positive territory on Wednesday on optimism over a spate of upbeat earnings that was nearly offset by jitters over rising U.S. bond yields and corporate costs. The S&P 500 and the Dow Jones Industrial Average ended up after a choppy session, with the Dow ending a five-day losing streak, but the Nasdaq posted its fifth straight loss, weighed down by technology stocks. "Investors are aware that the tax cuts have certainly boosted earnings and they have also seen an increase in top line growth," said Bernard Baumohl, chief global economist at the Economic Outlook Group in Princeton, New Jersey.
Wall Street limped into positive territory on Wednesday on optimism over a spate of upbeat earnings that was nearly offset by jitters over rising U.S. bond yields and corporate costs. The S&P 500 and the Dow Jones Industrial Average ended up after a choppy session, with the Dow ending a five-day losing streak, but the Nasdaq posted its fifth straight loss, weighed down by technology stocks.
NEW YORK (AP) — A late round of buying erased early losses on Wall Street, leaving major indexes mixed at the close of trading. Bigger companies managed to eke out modest gains, while smaller companies mostly fell.
U.S. stocks pushed higher Wednesday afternoon and managed a mixed finish after a sharp loss the day before. Indexes had tumbled earlier as investors worried that growing costs for critical materials along ...
Facebook, Inc. (NASDAQ: FB) just reported its Q1 2018 earnings results that crushed expectations, and its stock has responded by rising over 3% in the after hours trading session. Here’s a breakdown of some of the key statistics from the report:MetricQ1 2018Q1 2017ChangeRevenue$11,966 million$8,032 million49.0%Income from operations$5,449 million$3,327 million63.8%Net income$4,988 million$3,064 million62.8%Diluted EPS$1.69$1.0462.5%
The Dow and S&P 500 ended a volatile session slightly higher on Wednesday, with the two market gauges erasing early losses to turn positive in afternoon trading as strong corporate earnings appeared to ...
A gauge of global equities suffered its longest losing streak this year on Wednesday as 10-year U.S. Treasury yields again scaled the 3 percent mark, stoking concerns about rising costs that could dampen corporate profits. The benchmark 10-year note yield edged up to 3.035 percent for a second day as jitters about growing federal borrowing spurred more selling in U.S. government debt. The climb in yields has dented demand for equities, with major Wall Street indexes dropping more than 1 percent on Tuesday.
The Dow Jones Industrial Average on Wednesday ended modestly higher, buoyed primarily by a surge in shares of component Boeing Co. , but the broader market finished the session little changed, as investors ...
Wall Street eked out a small gain on Wednesday as optimism over a spate of upbeat earnings was offset by jitters over rising bond yields and corporate costs. The Dow Jones Industrial Average rose 59.7 ...
Wall Street climbed into positive territory on Wednesday as optimism over a spate of upbeat earnings was dampened by jitters over rising bond yields and corporate costs. All three major U.S. indexes fluctuated in choppy trading and the Dow flirted with its sixth consecutive decline during much of the session, which would continue its longest losing streak since an 8-day slide in March 2017. "I think there's a bit of profit-taking churning through the market, and at the end of the day this is what a return to normal looks like," said Chris Wolfe, chief investment officer of First Republic Private Wealth Management in San Francisco.