|Day's Range||9,182.33 - 9,288.87|
|52 Week Range||7,011.47 - 9,451.43|
The Fed is not expected to make any move on interest rates in its first policy-setting of 2020, which could shift attention to the central bank's balance sheet.
Advanced Micro Devices Inc. failed to live up to Wall Street’s high expectations Tuesday, damaging its highflying stock.
All three major indexes rose on Tuesday, recovering some ground lost in Monday’s selloff. Oil rose on coronavirus fears after hitting a three-month low on Monday, while gold retreated from a multiyear high.
U.S stocks close higher Tuesday, a day after worries about the impact of China’s coronavirus outbreak on global economic growth sparked the biggest one-day selloff since early October.
Advanced Micro Devices stock was down about 2% after the chip maker reported earnings results that beat Wall Street estimates.
U.S. stock indexes on Tuesday staged a solid comeback after the worst daily decline for stocks in months, following a downturn that had been at least partly sparked by concerns about the spread of an Asian influenza. Although the so-called Wuhan virus, named for the city in China where it is said to have originated, continues to spread in the second-largest economy in the world, claiming at least 106 lives and infecting more than 4,500 people, investors deemed Monday's equity slump to be overdone and bought beaten-down shares. The Dow Jones Industrial Average gained 186 points, or 0.7%, to 28,722, halting a 5-session slide. The S&P 500 index advanced 1% to 3,276, while the Nasdaq Composite Index rose 1.4% to close at 9,269, both indexes ended a two-session slide. Uneasiness about the spread of the the illness that has drawn comparisons with SARS, severe acute respiratory syndrome, and the possible impact to China's economy, comes as the Federal Reserve on Wednesday is slated to provide an update on monetary policy, with key interest rates at 1.50%-1.75% range. In company news, Apple Inc. is among the S&P 500 and Dow components set to report after Tuesday's close. Apple suppliers have cautioned that the coronavirus could impact the iPhone maker's output. Market participants also have noted that an accurate recession indicator, the differential, or spread, between the three-year Treasury bill and the 10-year Treasury note , briefly inverted early Tuesday.
Amazon will report fourth-quarter results after the close on Thursday, providing a fresh look at the strength of the holiday selling season.
Stock indexes were near session highs Tuesday as the market continued to bounce back from two days of selling. The S&P; 500 today climbed 1% for its best gain of 2020 so far.
Technically speaking, the S&P 500 has pulled in sharply from recent record highs, pressured amid the most aggressive selling pressure since October, writes Michael Ashbaugh.
The stock market showed solid gains near midday Tuesday after Monday's drubbing. Growth stocks bounced back in spades, including Apple ahead of earnings.
Major U.S. stock benchmark indexes climbed steadily in the lead up to the signing earlier this month of a U.S. - China trade deal, but many large U.S. firms do not share investors’ optimism.
The major stock indexes rebounded early Tuesday. AMD, Apple and Starbucks will report earnings after the close.
Michael Wilson, Morgan Stanley’s chief U.S. equity strategist, says the first major stock market pullback since October is under way.
Our call of the day comes from Macquarie’s chief investment officer for small and mid-cap value stocks, who says investors are overlooking some gems.
U.S. stock benchmarks on Tuesday opened modestly higher, a day after growing worries about the impact of China's coronavirus outbreak on global economic growth sparked the biggest one-day selloff since early October. Markets appeared to be attempting to find its footing even as signs that that virus was spreading throughout China. The Dow Jones Industrial Average gained 76 points, or 0.3%, to 28,618, after declining for five straight sessions, the S&P 500 index gained 0.4% to 3,257 and the Nasdaq Composite Index picked up 0.8% at 9,210. Investors were also set to wade through a tide of quarterly results from a number of high-profile companies as earnings reporting season picks up steam. Shares of Dow component 3M Co. [s :MMM] were down after the consumer and industrial products company reported fourth-quarter profit that fell short of Wall Street expectations, while revenue matched. 3M also said it was cutting 1,500 jobs as part of a restructuring. Shares of another Dow component, United Technologies Corp. , were in focus after it reported profit and sales that beat estimates. In U.S. economic data, December durable goods orders surged 2.4% in December owing to military purchases.
After 70 relatively calm trading days, the S&P 500 finally closed with a move bigger than 1% on Monday. What could come next might not be that bad.
U.S. equity markets have experienced downbeat trade this past week as investors keep one eye trained on a deadly flu outbreak in China.
Eric Toner is a scientist at the Johns Hopkins Center for Health Security and was a part of a simulation, in partnership with the World Economic Forum, that posited such a disease could kill 65 million people within 18 months.
Futures edged up after China coronavirus fears slammed the stock market Monday. China-exposed Apple, AMD and Starbucks report earnings Tuesday.
This coronavirus remains a China-centric problem? People are not yet dying in other countries. Do we have to worry here? That's the wrong question.
If Friday was a warning, Monday’s selloff was a sign that the coronavirus scare wouldn’t pass painlessly.
All three equity indexes settle at worst losses in months, as concern grows over the fallout from China’s coronavirus, with the death toll and number of infected climbing.
U.S. stocks closed sharply lower on Monday as worries about China's efforts to contain a novel coronavirus intensified, as the epidemic has spread. The S&P 500 fell 52 points, or 1.57%, to end near 3,244. The Dow Jones Industrial Average slumped 454 points, or 1.6%, to finish around 28,535, based on preliminary numbers The Nasdaq Composite tumbled 176 points, or 1.9%, to end around 9.139. Concerns around the spread of the influenza, which has drawn parallels with SARS, or severe acute respiratory syndrome, grew as Beijing extended the Lunar New Year holiday to Feb. 2. The mayor of Wuhan, where the virus originated, said millions of people may have left the city before travel restrictions were imposed. Health officials have reported more than 80 deaths due to the coronavirus, and nearly 3,000 cases of the illness have been confirmed. As a sign of investor concerns, the yield on the 10-year Treasury note tumbled 7.5 basis points to 1.605% on Monday, its lowest point since Oct. 9. Bond prices move inversely to yields.