|Day's Range||7,171.70 - 7,269.64|
|52 Week Range||6,630.67 - 8,133.30|
Stocks fell after a weak earnings report from chipmaker Nvidia Thursday afternoon pulled tech stocks lower.
Viacom earnings, industrial production data - what to watch in markets Friday.
The U.S. dollar weakened and Treasury yields pulled back on Friday after a top Federal Reserve official said U.S. interest rates were near a neutral rate, while uncertainty over Britain's exit from the European Union clouded currency and other markets.
Paul Tudor Jones, a hedge-fund luminary, says he’s stress-testing his portfolio of corporate debt because he expects a tumultuous road ahead for that market segment.
Jim Cramer, CNBC’s “Mad Money” host and a prominent fixture among market commentators on Monday said the market is enduring “a very serious correction.”
The Dow Jones Industrial Average swung to a firm gain Friday afternoon after President Donald Trump made upbeat remarks about the prospects of favorable developments between the U.S. and China on trade. During a pool spray at the White House, Trump said that the U.S. many not have to impose further tariffs on China, and that he doesn't want put "China in a bad position." The Dow rose 175 points, or 0.7%, at 25,463, the S&P 500 index climbed 0.4% at 2,739. The comments don't signal that a deal is at hand but the market is reading that a hard-line stance against Beijing may not play out, which has been viewed as a worst-case scenario for stock investors. Trump and Chinese President Xi Jinping are due to meet at the end of the month on the sidelines of the G-20 meeting. The Nasdaq Composite Index briefly turned positive, but was down 0.2% at 7,242, weighed by shares of chip maker Nvidia Corp. . However, the dollar didn't react to Trump's comments, holding down 0.5% at 96.47, as measured by the ICE U.S. Dollar Index . "I don't want to put them in a bad position. I want to put them in a great position... but we must have reciprocal trade," he said. Trump said that Beijing officials have submitted a long list of things that they are willing to do, which is a large list,"he said, adding that it may not be enough. "They have tremendous tariffs on us that we didn't have on them, but that's all changing now," Trump said. Hopefully, we'll make a deal and if we don't we're doing very very well," he said. "I think we will make a deal," he said.
The S&P 500 and the Dow gained on Friday, after U.S. President Donald Trump said that the United States may not need to impose further tariffs on Chinese imports as the world's two largest economies continue ...
U.S. stock indexes trade mixed, with Nasdaq poised to end a volatile week on a down note, as a decline in shares of chip maker Nvidia weighs on the chip sector.
Stocks were mixed Friday as dovish commentary from the Fed helped to address some fears. Concern over semiconductor demand is the latest tech-sector concern.
U.S. stock indexes declined in midday trading Friday as losses in retailers and internet and technology companies outweighed gains elsewhere in the market. Health care companies and utilities were among ...
UnitedHealth Group added 1.6 percent. Troubled California power provider PG&E surged 33 percent after the president of the utility's state regulator said it was essential for a power company to have the financial strength to operate. Chipmaker Nvidia plunged 19 percent after saying it had a large number of unsold chips because of a big drop in mining of cryptocurrencies.
The U.S. dollar weakened and Treasury yields pulled back on Friday after a top Federal Reserve official said U.S. interest rates are near a neutral rate, while continued uncertainty over Brexit clouded currency and other markets. Disappointing forecasts by chip companies Nvidia Corp and Applied Materials weighed on sentiment, but that may have been countered by prospects of a less-aggressive path of rate hikes following comments from Richard Clarida, the newly appointed vice chair of the Federal Reserve.
Stocks opened lower Friday, on pace to log weekly declines, as chip makers fell following disappointing earnings reports from Nvidia Corp. and other semiconductor companies. The tech-heavy Nasdaq Composite declined 1.1% to 7,181, while the Dow Jones Industrial Average shed 113 points, or 0.4%, and the S&P 500 lost 0.6%. Shares of Nvidia were off 19.5% in early action, while the PHLX Semiconductor Index dropped 2.6%. For the week, the S&P 500 was on track for a 2.4% fall, while the Dow and Nasdaq were headed for declines of more than 3%.
Federal Reserve Vice Chairman Richard Clarida on Friday morning said he sees 'signs of slowing growth' and that sluggish expansion in the globe will be factored in the central bank's calculus as it attempts to normalize interest-rate policy. Clarida said during an nterview on CNBC that "we have to factor in to the global economy and there is some evidence of global slowing." Clarida, who was appointed by President Donald Trump, also offered a more dovish take on key features of policy maker's decision making in lifting interest rates, with a fourth rate hike in 2018 expected next month. However, Clarida disagreed with the notion that the Fed is hiking rates too quickly, a criticism leveled repeatedly by President Donald Trump. Clarida appeared to walk back comments that Fed Chairman Jerome Powell did a few weeks ago, when he declared that the central bank is nowhere near a rate of neutral, one that neither slows or boosts the economy. He said that "getting closer toward" the vicinity of that range. Clarida emphasized the strength of the U.S. economy and the labor market particularly. Futures for the Dow Jones Industrial Average briefly deepened losses, while those for the S&P 500 index also added to early gains. The Dow , the S&P 500 and the Nasdaq Composite Index are all expected to open lower on Friday. Bond yields also rolled back after Clarida's comments, with the 10-year Treasury note yield ticking back to 3.08%, while the dollar, as measured by the ICE U.S. Dollar Index , edged back, currently down 0.4% at 96.35.
Wall Street finished in the green reversing its five-day negative trend on Thursday following news that United States and China have ramped up their efforts to resolve lingering trade disputes
World markets were subdued on Friday as trade tensions and political risks surrounding Britain's exit from the European Union kept investor cautious. KEEPING SCORE: France's CAC lost 0.2 percent to 5,021 ...
U.S. stocks look set for a lower open even as Asian and European markets keep it together. Blame Nvidia? Or too much optimism about a trade deal?
U.S. stock index futures indicated a lower open Friday a decline in semiconductor stocks pressured the overall technology sector.
Sterling recovered some ground against the dollar and European stock indices stabilised at the end of a week dominated by the twists and turns of the Brexit drama. The euro was up 0.4 per cent versus the pound at £0.8899 and heading for 1.9 per cent weekly advance.
The S&P 500 was down 0.1 per cent in late morning trade, pulling back from a gain of as much as 0.3 per cent, and having dropped as much as ⅔ of 1 per cent earlier in the session. The telecommunications sector was the best performer on Friday, up 1.2 per cent. Next best was the utilities sector, up 1 per cent, followed by healthcare, up 0.7 per cent.
Asia-Pacific equities dipped on Friday as optimism over negotiations between the US and China on trade that helped drive Wall Street higher failed to light up stocks in the region. US stocks had a weak ...