|Day's Range||7,003.62 - 7,113.95|
|52 Week Range||6,190.17 - 8,133.30|
The government shutdown is in day 27, and its effects are starting to ripple through the economy and financial markets. Yahoo Finance's Kristin Myers reports. Plus Andy Busch, former CFTC, Chief Market Intelligence Officer gives his take to Yahoo Finance's Julie Hyman, Adam Shapiro and Brian Sozzi.
With few women in leadership positions in Wall Street, nonprofit ‘Girls Who Invest’ is partnering with education firm ‘Training The Street’ to help teach young women practical finance skills and provide them with opportunities to pursue careers in the asset management industry. Yahoo Finance’s Alexis Christoforous speaks to Founder and Principal Scott Rostan of Training The Street and Founder and Chair Seema Hingorani of Girls Who Invest.
Stocks, which had been flat most of the day, spiked when The Wall Street Journal reported that the U.S. was considering new tactics in talks with China, including lowering tariffs. They pulled back when the White House denied the report.
NEW YORK (AP) — U.S. stocks are turning higher Thursday afternoon after the Wall Street Journal reported that U.S. officials are considering reducing the new tariffs on Chinese imports as part of trade negotiations between the two companies. Technology, industrial and health care companies are making the largest gains.
U.S. stocks advanced on Thursday as a published report that the United States was considering lifting tariffs on Chinese imports lifted investor sentiment. U.S. Treasury Secretary Steven Mnuchin discussed lifting some or all tariffs imposed on Chinese imports and suggested offering a tariff rollback during trade discussions scheduled for Jan. 30, the Wall Street Journal reported on Thursday, citing people familiar with the internal deliberations. Stocks spiked higher after having posted modest gains in early afternoon trading, though they pared gains slightly after a Treasury spokesperson told CNBC that Mnuchin had not made any such recommendations.
U.S. stock benchmarks Thursday afternoon jumped to their highest levels of the session after a report indicated that Washington officials are contemplating removing tariffs on China to hasten a resolution on the protracted dispute. The Dow Jones Industrial Average was up by about 240 points, or 1%, at 24,450, the S&P 500 index climbed 1.1% at 2,644, while the Nasdaq Composite Index rose 1.1% at 7,113. The Wall Street Journal reported Thursday, citing people familiar with the matter, that the idea of lifting tariffs in part of whole was proposed by Treasury Secretary Steven Mnuchin in a series of strategy meetings. The report adds that U.S. Trade Representative Robert Lighthizer is concerned that any concession could be seen as a sign of weakness, however. Trade issues have been cited as the biggest headwind for stocks rallying in 2019. A protracted dispute on trade between Washington and Beijing also is seen have potential ripple effects throughout the globe, threatening to hurt economic expansion as the two largest economies battle on trade issues. A Treasury spokesman told CNBC that no final recommendations have been made on trade: "Neither Secretary Mnuchin nor Ambassador Lighthizer have made any recommendations to anyone with respect to tariffs or other parts of the negotiation with China."
U.S. stocks flipped between small gains and losses Thursday after two sessions of advances as investors parsed a raft of earnings reports and trade developments. Trade and other political uncertainties have helped depress investor sentiment in recent months, given the potential implications for economic growth and corporate supply chains. Among decliners, shares of Morgan Stanley fell 4.5% after the bank’s fourth-quarter profit missed expectations. The company’s lows of the day had put the stock on pace for its largest percentage loss since June 2016.
Larry Fink, CEO of world’s largest asset management firm, BlackRock Inc., says that the stock market has probably put in a bottom but that for sentiment to take off the U.S.’s spat with China on trade needs to get resolved.
Gains in defense shares as well as healthcare helped to keep U.S. stocks in positive territory on Thursday, while an end to the latest chapter in Britain's exit from the European Union, Prime Minister Theresa May's defeat of a confidence vote, lifted sterling. S&P 500 industrials rose, led by defense contractors Lockheed Martin and Northrop Grumman , after U.S. President Donald Trump unveiled a revamped U.S. missile defense strategy.
U.S. stocks eked out gains on Thursday to consolidate near a one-month high, helped by advances in healthcare and industrial shares and as the financial sector shrugged off Morgan Stanley's disappointing earnings. "The news about Morgan Stanley is wearing off. The issues that caused the shortfall in revenue for Morgan Stanley seem to have been self-induced and not necessarily a commentary on what's going on in banking," said Kim Forrest, senior portfolio manager at Fort Pitt Capital Group in Pittsburgh.
The latest on developments in financial markets (all times local): 12:00 p.m. U.S. stocks are flat at midday as banks fell after a series of disappointing quarter reports. Investment bank Morgan Stanley ...
The Nasdaq and S&P 500 were pushing ahead with small gains at noon on Thursday, after starting the day on a downbeat note.
Concern over China's economic outlook and global trade left major world stock indexes little changed on Thursday, while an end to the latest chapter in Britain's exit from the European Union helped to ...
Wall Street's main indexes fought back from a weak start to hover near one-month highs on Thursday, as gains in healthcare and consumer discretionary stocks offset losses in the energy and financial sectors. U.S. stock futures were under pressure for most of the session and the market even opened lower due to disappointing earnings from Morgan Stanley and renewed concerns over the progress of Sino-U.S. trade talks. Morgan Stanley tumbled 6.3 percent after reporting a lower-than-expected quarterly profit as spikes in volatility in the end of the fourth quarter hurt trading.
Why Tech Stocks Surged on January 15The NASDAQ Composite Index surged 1.7% on January 15Tech stocks recovered on January 15 led by stellar rallies in the FAANG (Facebook, Amazon, Apple, Netflix, and Alphabet’s Google) stocks after two
U.S. stocks dipped at open on Thursday, retreating from one-month highs, hit by losses in financial stocks after Morgan Stanley's weak results and energy shares hurt by a drop in oil prices. The Dow Jones ...
U.S. stocks fell at the opening bell on Thursday, keeping equity indexes on track to break their two-day rally as investors digested another round of bank earnings. The S&P 500 was down 0.3% to 2,608. The Dow Jones Industrial Average shed 47 points, or 0.2%, to 24,159. The Nasdaq Composite slipped 0.4% to 7,011. Investor sentiment was weighed down by resurfacing tensions in U.S.-China relations. And after mixed earnings in the past few days, banks such as Société Générale reported of a sharp drop in trading revenues. Shares of Morgan Stanley fell 4% after it reported the bank's earnings and revenues had fallen short of expectations thanks to weakness in its bond trading division.
British Prime Minister Theresa May's government has survived a no-confidence vote called after May's Brexit deal was overwhelmingly rejected by lawmakers. The House of Commons expressed confidence in the government by 325 votes to 306, meaning May can remain in office. Had the government lost, Britain would have faced an election within weeks while preparing to leave the European Union on March 29.
“In 2018, the challenge was to stay appropriately cautious in the face of good news. This year, investment success may require remaining fairly bullish in the face of bad news.”
Banks surged Wednesday following strong results from a slew of financial companies, and U.S. stocks finished broadly higher. Concerns about trade tensions between the U.S. and China derailed a bigger gain. ...