|Day's Range||7,732.6934 - 7,832.6558|
|52 Week Range||6,177.1899 - 7,933.3101|
Yahoo Finance's Jared Blikre joins Alexis Christoforous from the floor of the New York Stock Exchange to break down the latest market action.
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.
KEY WORDS Scott Minerd isn’t bullish on U.S. stocks. And he can’t emphasize that point enough. The Dow Jones Industrial Average (DJIA) , the S&P 500 index (SPX)and the Nasdaq Composite Index (COMP)are all trading lower early Wednesday, with the equity benchmarks wallowing in a resumption of their hand-wringing over the health of Turkey’s economy as the Turkish lira (USDTRY)relinquishes some hard-fought gains against the U.
U.S. stocks pare losses Wednesday after Turkey claimed that oil-rich Qatar has pledged billions in much-needed support as investors remained uncertain whether Ankara can rescue the country from its currency crisis.
Selling on the NYSE midday Wednesday reached panic-like proportions, based on the so-called Arms Index. The Arms is a volume-weighted measure of market breadth that tends to rise when the broader market falls, as the intensity of the selling in declining stocks is usually greater than the intensity of buying in rising stocks. The S&P 500 index (SPX) and the Nasdaq Composite Index (COMP) both were on track for their biggest daily declines since late June, according to FactSet data.
While trade-sensitive companies such as Boeing and Caterpillar fell, even the usually trade-agnostic technology stocks dropped. At 11:01 a.m. EDT the Dow Jones Industrial Average was down 302.28 points, or 1.19 percent, at 24,997.64, the S&P 500 was down 33.84 points, or 1.19 percent, at 2,806.12 and the Nasdaq Composite was down 126.64 points, or 1.61 percent, at 7,744.25.
Global stocks are sinking Wednesday as an unexpected drop in profits for Chinese tech giant Tencent has investors worrying about economic growth. Oil and copper prices are falling. Technology and energy companies are taking some of the worst losses in the U.S. The Commerce Department said retail sales grew in July, but retailers are falling after Macy's said its sales slowed in the second quarter.
MARKET PULSE The Dow Jones Industrial Average and the Nasdaq on Wednesday fell below key lines in the sand that suggest that a bearish pattern is unfolding in the markets. The Dow (DJIA) was down 300 points, or 1.
BAML (Bank of America Merrill Lynch) conducted a survey that polled 243 global investors with $735 billion in total assets under management from August 3 to 9.
Shares of retailers took a thrashing Wednesday with Macy's and JC Penney leading the pack, tumbling by as much as 14.3 percent and 11 percent, respectively, in early morning trading.
Barring a breathtaking plunge, the bull market in U.S. stocks on Aug. 22 will become the longest in history, and optimistic investors argue it has miles to go before it rests.
MARKET PULSE The Cboe Volatility index spiked on Wednesday, reaching its highest level in more than a month as continuing uncertainty surrounding Turkey weighed on markets. The VIX (VIX) spiked 25%, or 3.
U.S. stock indexes fell on Wednesday in a broad-based decline, hurt by concerns over the strong dollar and Turkey's currency crisis, as well as the trade tensions with U.S. trading partners that have dominated the first half of 2018. While the lira continues to pull back from record lows against the dollar, Turkey on Wednesday doubled tariffs on some U.S. imports including alcohol, cars and tobacco in retaliation to U.S. moves.
coverage (as I have said, Buffett is betting on Apple being worth $2 trillion). Sears chairman and CEO Eddie Lampert wrote a letter to the board (which is weird because Lampert controls the company, in effect he is writing himself) released on Tuesday evening (it's always after-market hours with Sears) offering to buy what's left of the Kenmore home appliances business.
MARKET PULSE U.S. stock benchmarks early Wednesday traded lower as fears about the health of the Turkish economy weighed on the broader market. The Dow Jones Industrial Average (dJIA) fell 148 points, or 0.
Stock markets turned lower Wednesday amid concerns about economic growth and continued tensions over Turkey, which announced it was increasing tariffs on imports of some U.S. products. KEEPING SCORE: Germany's ...
Indonesia’s currency was in focus ahead of the country’s central bank rates decision and as the rupiah fell to its weakest since late 2015 after emerging market currencies were swept up in Turkey’s turmoil on Monday. The rupiah was 0.2 per cent weaker at 14,610 to the dollar.
U.S. stocks climbed Tuesday, halting four-session losing streaks for the Dow Jones Industrial Average and S&P 500, as concerns over the Turkish lira’s recent slide appeared to ease. The Dow industrials added 112.22 points, or 0.4%, to 25299.92, while the S&P 500 gained 18.03 points, or 0.6%, to 2839.96. Stocks have been under pressure in recent sessions, as investors worried that Turkey’s economic crisis could spread to other emerging markets.
Wall Street was down more than 1 per cent in morning trade, putting it on track for its biggest one-day drop in almost two months as emerging market concerns weigh on investor sentiment. It was also a rough day for Chinese stocks, down more than 2 per cent on Wednesday, alongside additional weakness in the renminbi, which is close to hitting 7 to the dollar.
Risk appetite took a turn for the worse, in spite of a further recovery for the Turkish lira, as mounting worries about potential risks from emerging markets hit global stocks and bolstered the dollar and US Treasuries. The EM weakness came even as the Turkish lira extended its rally from Monday’s record low against the dollar by a further 5 per cent, as regulators altered rules to make it harder to short the currency.