|Day's Range||8,139.82 - 8,163.73|
|52 Week Range||6,190.17 - 8,339.64|
The Federal Reserve kicked off its two-day monetary policy meeting. The central bank is expected to make its decision on monetary policy tomorrow afternoon. Tiedemann Advisors CEO Mike Tiedemann joins Yahoo Finance's Julie Hyman, Adam Shapiro, Rick Newman, and Sibile Marcellus to discuss.
Technically speaking, the major U.S. benchmarks have weathered a September oil shock against a still comfortably bullish bigger-picture backdrop, writes Michael Ashbaugh.
Nordstrom fell 8.3% and Macy’s lost 4.3% as retailers got hit by fears of higher gas prices and a pullback from their recent gains.
U.S. stocks were little changed on Tuesday as investors moved to the sidelines ahead of the Federal Reserve's two-day policy meeting, while the impact of weekend attacks on Saudi Arabia's biggest oil refinery faded. Equity markets took a hit on Monday as the attacks wiped out half of Saudi Arabia's oil production, sending oil prices soaring, while fuelling geopolitical tensions. The energy index tracked a drop in oil prices, after recording its best one-day surge since January on Monday.
U.S. stocks pare early losses midday Tuesday but attempts by major equity benchmarks to move decisively higher are limited by weakness in the energy sector amid reports that Saudi Arabia may recover sooner than expected after a weekend attack on its energy complex that drove crude-oil futures to the sharpest single-session rally since the 2008 financial crisis.
It’s a yawner of a day, what with it sandwiched between the attacks on Saudi Arabia over the weekend and the Fed’s rate decision on Wednesday. that hasn’t stopped some old-style retailer from getting hit...hard
U.S. stocks edged lower on Tuesday as a drop in oil prices weighed on the energy sector, while investors stayed away from making big bets ahead of the Federal Reserve's two-day policy meeting, where it is widely expected to cut interest rates. The U.S. central bank concludes its policy meeting on Wednesday, with traders currently expecting a 65.8% chance of a quarter percentage point cut from the Fed this week, down from 88.8% on Friday, according to CME's FedWatch. "It's just typical trading on the vigil of a Fed meeting," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
Heading into the weekend, a rate cut at the end of the September FOMC meeting tomorrow was all but assured. But then Saudi Arabia was attacked, oil prices jumped, and now we get to worry about whether that will give the Fed pause.
Sept 17 (Reuters) - U.S. stocks fell at open on Tuesday as investors stayed away from making big bets ahead of the Federal Reserve's two-day policy meeting, where it is widely expected to cut interest rates. The Dow Jones Industrial Average fell 66.70 points, or 0.25%, at the open to 27,010.12. The S&P 500 opened lower by 2.29 points, or 0.08%, at 2,995.67. The Nasdaq Composite dropped 4.89 points, or 0.06%, to 8,148.65 at the opening bell.
Stocks opened slightly lower Tuesday as Federal Reserve policy makers were set to begin a two-day meeting expected to conclude with another quarter-point cut in interest rates. The Dow Jones Industrial Average fell 77 points, or 0.3%, to 27,000, while the S&P 500 declined 4 points, or 0.1%, to 2,994. The Nasdaq Composite was off 5 points, or 0.1%, at 8,148. Stocks ended lower Monday as oil prices surged in the wake of a weekend attack on Saudi Arabian oil-production facilities. Crude pulled back on Tuesday, while investors looked ahead to the outcome of the Fed meeting.
Stock futures: The stock market and Apple showed resilience as crude oil prices soared Monday. Shopify, Funko and Kraft Heinz fell late on stock-sale buzz.
The U.S. economy may see a real lift-off in consumer prices due to higher energy prices, even if certain sectors stand to benefit greatly -- as might the trade deficit.
All three main stock indexes closed modestly lower on Monday, despite the soaring oil price and rising energy stocks. A drone attack on Saudi Arabian oil infrastructure this past Saturday has disrupted about 5% of the world’s total crude output.
A more than 12% jump in crude oil futures put a damper on the uptrend in stocks today. But the Dow Jones Industrial Average is showing a normal pullback.
Energy stocks spiked while most of Wall Street fell on Monday after weekend attacks on Saudi Arabia's oil facilities added to investors' concerns about geopolitical risk and a stumbling global economy. The S&P 500 energy index, a gauge of one of the worst performing sectors so far this year, soared 3.3%, its largest one-day gain since January. Shares of Apache Corp , Helmerich and Payne and Cimarex Energy jumped between 12% and 17% and led gainers on the S&P 500.
U.S. stock-indexes end lower on Monday, snapping an 8-sesssion win streak for the Dow, after a weekend attack against Saudi Arabia’s oil-production facilities unsettled global markets and sent crude prices rocketing higher.
U.S. stocks ended lower on Monday after investors were rattled by a drone strike on Saudi Arabian oil facilities over the weekend. The S&P 500 fell 0.3% to end around 2,998. The Dow Jones Industrial Average shed 143 points, or 0.5%, to end near 27,077, based on preliminary numbers. The Nasdaq Composite was down 0.3% to finish around 8,154. The drone attack underlined the vulnerability of major oil producers in the Middle East, renewing geopolitical fears over the region. Fears of tightening supplies sent values for crude surging. U.S. crude prices rose by more than 14% to settle at $62.90 a barrel on Monday, marking its biggest daily gain since Sept. 2008. Investors also raised concerns that the U.S. may escalate its current conflict with Iran over the attack.
An intensifying Middle East conflict is threatening to throw the world’s energy market into disarray after a weekend drone attack destroyed parts of Saudi Aramco’s Abqaiq plant — one of the world’s largest processors of oil.
Benchmarks, on average, outperform following a 10% rise in the price of crude oil — but there have been some nasty drawdowns.
Oil stocks were in the spotlight Monday with U.S. crude oil futures up more than 10%. Exxon Mobil and Chevron led the Dow Jones.
U.S. stocks fell on Monday on global growth worries after weekend attacks on Saudi Arabia's crude facilities hit 5% of the world's supply, but a sharp surge in crude prices lifted beaten-down energy stocks and kept losses in check. Shares of Apache Corp, Marathon Oil Corp and Hess Corp jumped between 10% and 13% and were the leading gainers on the benchmark index. Anticipation of higher fuel costs drove down shares of airlines and cruise line operators with the S&P 1500 airlines shedding 2.20% while Carnival Corp fell 2.8%.