|Day's Range||9,350.20 - 9,397.58|
|52 Week Range||6,953.23 - 9,397.58|
Netflix is poised to report fourth-quarter results on Tuesday after market close, giving investors their first look at the company’s performance after the launch of new streaming services including Disney+ and Apple TV+.
U.S. benchmark stock indexes finished lower on Tuesday, pulling back from records seen last week, after news that the Chinese coronavirus had spread to the U.S. raising fears of a pandemic that might affect global economic growth.
U.S. stocks closed lower Tuesday, falling short of last week's records, after the U.S. Centers for Disease Control and Prevention announced the first case of the coronavirus within the U.S., which sent jitters that originated in Asian equities rippling through Wall Street. The selloff in U.S. equities left the Dow Jones Industrial Average down 151.45 points, or 0.5%, at 29,196.6, breaking its five-day winning streak. The S&P 500 index fell 8.77 points, or almost 0.3%, at 3,320.84 and the Nasdaq Composite Index shed 18.14 points, or 0.2%, to settle at 9,370.81, after briefly turning positive mid-session to set a record intraday high of 9,397.58. Last week, the Dow, S&P 500 and Nasdaq all posted their best weekly gains since Aug. 30, according to FactSet data. The virus's outbreak in China, which originated in the city of Wuhan, has sickened around 300 people, leaving six dead, according to Chinese state media and health officials.
If investors think cash is king in these equity markets, they ought to think again, suggests Ray Dalio.
The stock market took a turn for the worse Tuesday after the Centers for Disease Control reported the first case of coronavirus in the U.S.
The Dow Jones Industrial Average slipped from its high of the day after a report said that U.S. Centers for Disease Control and Prevention is expected to announce that the first case of coronavirus was found in the U.S.
Billionaire investor Paul Tudor Jones is nothing short of flabbergasted by economic and monetary policy coming from Washington. It reminds me a lot of early ’99 [when inflation was low and stock markets were soaring].
The three major U.S. stock market indexes traded near their break-even points as worries grew about Coronavirus, the respiratory illness that has killed six and infected hundreds in China.
Technically speaking, the U.S. benchmarks are off to a strong 2020 start, rising amid bullish market rotation, writes Michael Ashbaugh.
Where is this stock market head in the coming days and weeks? That is the trillion-dollar question some nervous strategists, analysts and traders are wrestling with, following a relatively brisk rally for equities to kick off 2020.
U.S. stocks opened modestly lower on Tuesday as the stock-market took a breather from its record-breaking climb, amid some worries around muted global growth and a respiratory virus spreading in China. Investors were returning from the holidays on Monday, in observance of Martin Luther King Jr. day. The S&P 500 was down 0.3% to around 3,321. The Dow Jones Industrial Average shed 51 points, or 0.2%, to 29,297. The Nasdaq Composite fell 0.3% to 9,364. Concerns around sluggish global growth resurfaced after the International Monetary fund trimmed its gross domestic product forecast for the world. The outbreak of the coronavirus in China has helped to dampen the mood of investors in Asia, producing sharp declines overnight in Chinese and Hong Kong stock markets. In company news, shares of Halliburton Co. traded higher after the oil services company reported a less severe drop in fourth-quarter revenue than expectations.
The U.S. stock market has enjoyed a nearly uninterrupted assault on records, highlighted by the Dow Jones Industrial Average (DJIA) closing at a milestone above 29,000 for the first time and the S&P 500 (SPX) achieving its own landmark close above the psychological round-number at 3,300, while investors in the Nasdaq Composite Index (COMP) may have their sights trained on 10,000. The ascent for stocks has made investors uneasy, primarily, because markets are already coming off a stellar 2019 and further gains, while possible, were expected to be more subdued than the current start for major indexes in the third week of 2020.
Futures fell as Asia markets sold off Tuesday: Earnings season is the next test for the hot stock market rally. Netflix and Texas Instruments earnings are due Tuesday night.
Odds are growing that the U.S. stock market in 2020 will enjoy an excellent year. At least, that’s the belief of those who follow the so-called January Barometer, according to which the market’s January performance foretells its direction for the subsequent 11 months. The statistical case for the January Barometer turns out to be quite weak.
The S&P 500 (see below), DJIA, Nasdaq Composite and Nasdaq 100 made new closing highs Friday as the rest of the indices posted declines. The cumulative advance/decline lines for the All Exchange, NYSE and Nasdaq remain positive and breadth remains healthy. Stochastic levels remain overbought but lack a generation of bearish crossover signals while the VIX at 12.07 remains at support, suggesting potential for some volatility entering the markets.
I think we know, just based on the behavior of this Federal Reserve, that all things being equal a more normalized balance sheet is preferable.
Make no mistake, this market move is not normal, and is not something which should be able to continue technically into and through February without a major hiccup, according to technical analyst Mark Newton
The better-than-expected economic data demonstrated the resilience of the U.S. consumer in keeping the current economic expansion alive, and the solid corporate earnings from U.S. banks points toward the importance of the Fed holding interest rates at favorable price levels.
“When pigs squeal, feed them.” Brad Lamensdorf, portfolio manager for AdvisorShares Ranger Equity Bear ETF, used that expression to describe what he sees in his “Chart of the Week,” which, he says, should have investors hearing alarm bells.
The New York Democrat tweeted her thoughts on “inequality in a nutshell,” in a response to NBC’s coverage of a fresh high for the Dow Jones Industrial Average on Friday.
There’s always an reason to sell, especially if you’re a regular consumer of financial news. Disaster looms around every corner, so say the clickiest headlines. But reasons to buy? Well, those are a bit trickier to track down.