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Despite criticism from both the right and left, Trump defends his performance during his news conference with Russian President Vladimir Putin. Yahoo Finance's Seana Smith, Rick Newman and Dion Rabouin discuss.
NEW YORK (AP) — After a weak start, U.S. indexes are climbing Tuesday as retailers and smaller companies rise and investors applaud strong second-quarter results from health care products giant Johnson & Johnson and financial services company Charles Schwab. Technology companies are also rising. Netflix is falling as investors were disappointed with the streaming video company's subscriber growth.
MARKET PULSE Bitcoin prices surged more than 10% Tuesday, taking the No. 1 digital currency back above $7,000 for the first time in five weeks and on track to record its biggest daily gain since April 12.
Wall Street pushed higher on Tuesday as investors looked to Federal Reserve Chairman Jerome Powell's optimistic view of the U.S. economy and as solid earnings supported expectations of a strong second-quarter ...
U.S. stock rose on Tuesday, extending a recent upswing after Federal Reserve Chairman Jerome Powell indicated the U.S. central bank wouldn’t move too quickly in changing monetary policy, and that it would be flexible in the face of changing conditions.
•...explain why Charles Schwab (SCHW) is up nearly 4% and why Omnicom Group (OMC) is down more than 7% (hint:earnings). Stocks have gotten a small boost on an otherwise nowhere-going day on Chairman Powell's testimony. "Fed Chair Powell was as uneventful as can be. Usually, the markets hang on every word and look to the commentary for direction, but today was not that day–most likely, because investors have heard it all before or, as Chuck Butler, editor of A Pfennig For Your Thoughts, puts it: "The economy is robust, unemployment is down, yadda, yadda, yadda..." While Chairman Powell's "businesslike" tone was a departure from previous leadership, Michael Shaoul of Marketfield Asset Management noted that Powell's speech added little to policy.
Tech traders who spent the last few days worrying about what Netflix Inc.’s earnings would hold should’ve been thinking about something else: Jay Powell’s congressional testimony. After starting the day in the red after Netflix bombed on subscriber growth, the Nasdaq Composite Index rebounded before noon before rising above its previous record close. The jump coincided with Federal Reserve chairman Powell’s comments suggesting the pace of interest rate increases could be slowed down if needed.
The U.S. dollar rose on Tuesday against a basket of major currencies following an upbeat economic assessment from the head of the U.S. Federal Reserve, while world stocks climbed as a heavy week of corporate earnings also kicked into gear. In written testimony, Fed Chairman Jerome Powell said the economy was on the cusp of "several years" of the job market remaining strong and inflation remaining around the Fed's 2 percent target. Assets reacted modestly for the most part following Powell's prepared remarks, in which he signalled he believed the economy was doing well and that an era of stable growth may continue, provided the Fed gets its policy decisions right.
Powell, discounting the risk that a trade war may derail a global recovery, said the U.S. economy had "several years" of strong jobs and low inflation ahead, and that stable growth may continue if the Fed makes correct policy decisions. "While the markets have been trending higher since Powell has been speaking, for the most part he simply reiterated what most of us already knew," said Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin, Texas.
Wall Street rose on Tuesday as Federal Reserve Chairman Jerome Powell's optimistic view on the U.S. economy and solid earnings from Dow component Johnson & Johnson lifted expectations of a robust second-quarter ...
Federal Reserve Chairman Jerome Powell on Tuesday will testify before the Senate Banking Committee on the central bank’s monetary policy report to Congress. Watch the hearing as MarketWatch live-blogs the action.
U.S. stock indexes pared some losses on Tuesday after Federal Reserve Chairman Jerome Powell said in a Congressional testimony there were "several years" of strong jobs and low inflation still ahead for the U.S. economy. Powell discounted the risk that a trade war may throw a global recovery off track and signaled that he not only believes the economy is doing well, but that an era of stable growth may continue provided the Fed gets its policy decisions right. U.S. stock were already lower ahead of Powell's written testimony to the Senate Banking Committee, as Netflix's slump due to weak subscriber growth weighed on its own and other high-growth stocks.
Financial stocks jumped on Monday although the broader market struggled, as impressive economic data and quarterly results failed to boost investors??? confidence.
Wall Street dipped on Tuesday as Netflix's slump due to weak subscriber growth weighed on other high-growth stocks, while investors awaited Federal Reserve Chairman Jerome Powell's Congressional testimony. Powell is likely to reiterate the central bank's stance toward gradual monetary policy tightening at his testimony on the economy and monetary policy before the U.S. Senate Banking Committee from 10.00 a.m. ET.
MARKET PULSE U.S. stocks on Tuesday saw a downbeat open, with technology and internet shares weighing on the broader market, ahead of Federal Reserve Chairman Jerome Powell's Senate testimony. The Dow Jones Industrial Average (DJIA) 50 points, 0.
U.S. stocks opened lower on Tuesday, as Netflix's sharp drop following weak subscriber growth weighed on consumer discretionary stocks and as investors awaited Federal Reserve Chair Jerome Powell's Congressional ...
The S&P 500 closed at 5.5-month high price levels last week and clocked the second consecutive weekly gain. The S&P 500 opened slightly higher on Monday and traded with mixed sentiment throughout the day. On July 16, eight out of 11 major S&P 500 sectors closed the day lower.
Asian markets fell on Tuesday as mounting tensions over U.S. tariffs overshadowed data suggesting global growth was still on track. Japan's benchmark Nikkei 225 bucked the regional trend, gaining 0.4 percent to 22,692.82. The Dow Jones Industrial Average added 0.2 percent to 25,064.36 as Goldman Sachs, JPMorgan Chase, and Boeing climbed.
The S&P 500 inched slightly lower Monday as shares of energy companies fell alongside a decline in oil prices and as investors looked ahead to a busy week of corporate earnings results. The broad stock-market index fell 2.88 points, or 0.1%, to 2798.43, while the technology-heavy Nasdaq Composite dropped 20.26 points, or 0.3%, to 7805.72. Energy stocks were by far the weakest of the S&P 500’s 11 sectors, falling 1.2%, on lower oil prices.
By Lewis Krauskopf NEW YORK (Reuters) - The price of oil tumbled more than 4 percent on Monday, putting pressure on energy shares and keeping global stock markets in check, although financial shares rallied ...
Asian stocks closed lower on Tuesday, with Japan the only market carving out gains. China extended declines after Monday's release of soft economic data. Energy shares pulled back as oil prices extended losses after tumbling more than 4 percent overnight.
The Dow Jones Industrial Average edged higher today. The S&P 500 and the Nasdaq Composite did not. In today's After the Bell, we... •...explain why the Dow outperformed the rest of the major indexes; •...review ...
___ Jared Kushner's family firm accused of pushing out tenants Twenty current and former tenants of a New York City building owned by the Kushner Cos. allege it harassed them with construction hazards, ...