|Day's Range||7,477.7305 - 7,639.7334|
|52 Week Range||6,081.9600 - 7,806.6001|
Business confidence has been hurt by the prospect of a global trade war, but a couple major tailwinds are helping the United States stave off a crash ... for now.
Think the highest-flying tech stocks are immune to trade tensions? In a well-timed Monday note, Ingvild Borgen Gjerde, an economist at Capital Economics, warned clients that while the so-called FAANG stocks — an acronym referring to Facebook Inc. (FB), Apple Inc. (AAPL), Amazon.com Inc.(AMZN), Netflix Inc. (NFLX) and Google parent Alphabet Inc. (GOOG) — are, on average, less directly affected by rising trade restrictions than U.S. tech firms in general, they are highly cyclical and exposed to a slowdown in growth.
Current streak above 200-day moving average is the third lengthiest, according to BespokeIs the Dow in danger of taking a bearish turn? The Dow Jones Industrial Average is at risk of halting an uncanny streak that has underlined its bullish momentum and — if broken — might indicate that a bearish turn is at hand. On Monday, the Dow (^DJI) was trading sharply lower, off around 450 points, or 1.8%, near 24,129, and on pace to finish below its closely watched long-term moving average.
A bearish chart pattern has materialized in gold, indicating that the embattled asset is likely to extend a recent downtrend that has dragged it to its lowest level in 2018, even as signs of global uncertainty have intensified.
The owner of the 122-year-old Dow Jones Industrial Average is set to change an important component of the blue-chip gauge on Friday: its divisor.
U.S. stocks plummeted in afternoon trading on Monday, with major indexes seeing their biggest one-day drop in months and the Dow set to close below a closely watched level as fresh threats from President Donald Trump against the U.S.’s trading partners undercut investor sentiment. The day’s losses were widespread, with 26 of the Dow’s 30 components trading lower, along with nine of the 11 primary S&P 500 sectors. Tech was the biggest decliner of the day, however, dropping 3% in its biggest one-day decline since March.
Losses were widespread but technology stocks suffered the most, with the Nasdaq diving 2.5 percent, as the U.S. Treasury Department was drafting curbs that would block firms with at least 25 percent Chinese ownership from buying U.S. tech firms, a government official said on Sunday. Harley-Davidson Inc shares tumbled 7.1 percent after the company said it would move production of motorcycles shipped to the European Union to its international facilities. "With the anecdotal evidence around Harley-Davidson, the concern is that what had been an escalation of rhetoric (on trade) is leading to real-world consequences," said Brian Nick, chief investment strategist at Nuveen in New York.
The stock market has been rattled by the threat of a global trade war, creating an environment that would be expected to draw support for gold as investors look for havens. But gold isn’t responding. Here are some reasons that might explain why.
MARKET PULSE The Cboe Volatility Index jumped on Monday, in its biggest one-day spike in more than four months as concerns continued to grow over trade policy. The VIX (VIX) which uses S&P 500 options to calculate expectations for volatility over the coming 30 days, surged 35%.
The Dow Jones Industrial Average was down more than 483 points in afternoon trade on Monday, on the back of nagging concerns about the threat of trade clash between the U.S. and its global trade partners morphing into a full-blown trade war. The Dow (DJIA) most recently, was down 2%, or about 487 points, at 24,093 and falling below its 200-day moving average, seen as a long-term line in the sand by market technicians. Boeing Co.'s shares (BA) off 3.1%, were producing the stiffest headwind for the blue-chip gauge, exacting a roughly 70-point toll from the price-weighted Dow.
President Trump’s Treasury Department is reportedly working on a plan to limit Chinese investment in US tech firms. Yahoo Finance’s Alexis Christoforous and Rick Newman discuss what it means.