|Day's Range||6,953.23 - 7,084.85|
|52 Week Range||6,190.17 - 8,133.30|
White House economic adviser Kevin Hassett confident U.S. and China can reach trade deal by March 1 deadline. Yahoo Finance's Adam Shapiro, Scott Gamm, Sylvia Jablonksi Direxion Managing Director and David Nelson of Belpointe Asset Management discuss.
Stocks are mostly lower in choppy trade Wednesday after rallying earlier as lingering fears over global growth and U.S.-China trade tensions overshadowed upbeat earnings from corporate heavyweights.
White House Council of Economic Advisers Chairman Kevin Hassett said that if the partial government shutdown extends through March, there’s a chance of zero economic expansion this quarter, though “humongous” growth would follow once federal agencies reopen. “The broader concern that I think will continue to creep in here is, leaving trade aside, is how weak is global growth? White House adviser Lawrence Kudlow said late Tuesday that negotiations between the U.S. and China next week will be “determinative,” leaving traders on edge about the prospects for a deal.
Trump likes to take credit when stocks rally, but two years into his presidency, stocks have suffered a reversal of fortune on policy uncertainty.
The S&P 500 and the Nasdaq dropped on Wednesday as U.S. stocks gave up a strong start, hamstrung by lingering concerns over economic growth, while the Dow stayed afloat helped by strong earnings from IBM and other blue-chips. The United States could end up with no growth this quarter if the partial government shutdown that began on Dec. 22 extended through March, White House economic adviser Kevin Hassett said, though he did not see the risk of a credit downgrade.
The Dow Jones Industrial Average rose 24 points in afternoon trade, defying the negative breadth in the broader market, as the sharp gains in three Dow components were enough to keep the blue-chip barometer in positive territory. Of the Dow's 30 components, 21 were trading lower. But the stock price gains for International Business Machines Corp. , United Technologies Corp. and Procter & Gamble Co. after upbeat earnings reports added about 121 points to the Dow's price. Meanwhile, the number of declining stocks lead advancers 1,699 to 1,095 on the NYSE and 1,601 to 1,153 on the Nasdaq exchange. The volume of declining stocks represented 58.8% of total volume on the Big Board and 65.2% of total volume on the Nasdaq. While the Dow gained, the S&P 500 declined 0.2% and the Nasdaq Composite shed 0.5%.
A global index of stock markets turned negative on Wednesday as worries over U.S. politics, global economic growth and trade tensions offset a boost from quarterly earnings reports. The U.S. dollar and ...
Investors were torn between upbeat earnings reports from high-profile companies and ongoing worries about a slowdown in global growth.
The S&P 500 and the Nasdaq reversed course to dip slightly on Wednesday due to losses in healthcare and financial sectors, while the Dow stayed afloat on positive earnings reports from IBM, United Technologies and Procter & Gamble. Eight of the 11 major S&P sectors were lower.
The S&P 500 and the Nasdaq reversed course to dip slightly on Wednesday due to losses in healthcare and financial sectors, while the Dow stayed afloat on positive earnings reports from IBM, United Technologies ...
U.S. stocks rose on Wednesday, as strong earnings from IBM, United Technologies and Procter & Gamble led a rebound for Wall Street from its second biggest decline in 2019. International Business Machines Corp jumped 8.78 percent and led the gains on the Dow Jones Industrial Average after the technology services company projected 2019 profit above expectations.
Stocks opened higher Wednesday, taking back a chunk of the previous day's decline, as investors cheered upbeat earnings as fourth-quarter corporate results continue to roll in. The S&P 500 rose 0.5% to 2,645.39, while the Dow Jones Industrial Average advanced 222 points, or 0.9%, to 24,626. The Nasdaq Composite gained 38 points, or 0.5%, to 7,058. International Business Machines led Dow gainers, jumping 6.5% after its earnings and outlook topped expectations. Dow components Procter & Gamble Co. , up 6.4%, and United Technologies, up 6.1%, were also on the rise after earnings.
A trio of strong earnings reports from IBM, Procter & Gamble, and United Technologies lifted U.S. stock futures despite continuing concern over global economic growth, the trade war with China, and the government shutdown.
The Canadian ambassador to the United States says the U.S. will move forward with the formal extradition of Huawei executive Weng Wanzhou. Yahoo Finance's Adam Shapiro, Heidi Chung, and Rick Newman discuss with Lending Tree Chief Economist Tendayi Kapfidze and Rosecliff CEO Mike Murphy.