|Day's Range||6,961.5210 - 7,171.6704|
|52 Week Range||5,996.8101 - 7,637.2700|
Stocks getting smoked as yields keep rising and tech tumbles.
You need to be at TheStreet's May 5 boot-camp for investors. Not helping market sentiment were 10-year yields topping the 3% mark for the first time in more than four years. TheStreet's founder Jim Cramer lit up sister publication RealMoney with a series of actionable guidance on the markets.
Caterpillar, an industrial heavyweight, tumbled 6.20 percent after management said first-quarter earnings would be the "high water mark" for the year and warned of increasing steel prices, although the company beat earnings estimates due to strong global demand. The S&P 500 and the Dow fell the most in two-and-a-half weeks, and the Dow Jones Industrial Average was down for a fifth day in a row. The S&P 500 is down 1.5 percent year-to-date.
There are several things weighing on the market, but it isn't this earnings season, closely followed trader Art Cashin says. Interest rates, trade fears and future earnings expectations all contributed to Tuesday's sell-off, he says. "The market's saying 'yes, things have been good but what are you going to do for me tomorrow?'" Cashin says.
After a strong start, U.S. stocks abruptly sold off Tuesday after machinery maker Caterpillar said it doesn't expect to top its first-quarter profit for the rest of the year. The Dow Jones industrial average ...
The 10-year Treasury yield hit 3% for the first time in over four years, reflecting expectations for four Fed rate hikes in 2018. Stocks sold off again.
NEW YORK (AP) — After a strong start, U.S. stocks abruptly sold off Tuesday after machinery maker Caterpillar said it doesn't expect to top its first-quarter profit for the rest of the year. The Dow Jones industrial average plunged as much as 619 points as investors feared that rising oil prices and other costs will slow down growth in company profits.
A gauge of world stocks tumbled on Tuesday, erasing early gains as U.S. bond yields scaled the 3 percent threshold for the first time in four years, while oil prices reversed course after climbing above the $75 per barrel mark. The pan-European FTSEurofirst 300 index rose 0.03 percent and MSCI's gauge of stocks across the globe shed 0.64 percent.
The Dow Jones Industrial Average marked its longest losing streak in a year, as stocks ended the session sharply lower on Tuesday on the back of higher Treasury yields. The 10-year Treasury yield hit the psychologically important 3% for the first time in more than four years Tuesday, but retreated again toward the end of the session. Higher yields are seen as a headwind for equity investors, as they could mean higher borrowing costs for corporate America going forward.
Alphabet Inc. produced a significant amount of accounting noise with Monday’s earnings report, with analysts saying Tuesday morning that one-time items in profit and spending made it more challenging to compare these results to past performance and model for the future and investors sending shares down. Among the items that clouded the Google parent company’s statement were the HTC acquisition—which added about 2,000 engineers to Google’s payroll—the Waymo-Uber Technologies Inc. settlement, as well as the markup of the company’s $3 billion stake in Uber, among other items, according to Barclays analyst Ross Sandler. Factoring out foreign exchange, sales grew 22.6% compared with the year-earlier period, JP Morgan Chase analyst Douglas Anmuth wrote in a note to clients early Tuesday.
The Dow Jones Industrial Average was on track to notch its steepest daily decline in about a month, as selling accelerate in afternoon trade Tuesday. The Dow was off about 600 points, near its nadir, if ...
Google-parent Alphabet sank 4.9 percent, erasing all its gains for the year, as investors focused on the company's rising expenses and shrinking margins rather than a profit beat. Caterpillar sank 6.6 percent after it warned of the impact of steel price hikes on its business. The stock had gained as much as 4.6 percent earlier on a strong set of quarterly results and full-year outlook.
The Dow Jones Industrial Average was staging an afternoon selloff, and heading toward a fifth straight decline, but market internals suggest the selling is relatively cool and collected. The Arms Index, ...
Technically speaking, the S&P 500 has recently staged a false breakout, reversing course to its former range, writes Michael Ashbaugh.
The Russell 2000 index of small capitalization shares rose modestly on Tuesday, bucking the sharply negative tone of the overall market, which has been the case throughout this month. The index rose 0.1%, easily the top performer of the day. The Dow Jones Industrial Average sank 1.1% while the S&P 500 was off 0.8% and the Nasdaq Composite Index lost 1.3%.
A sharp drop in so-called 'FAANG' group of technology stocks pushed the Nasdaq Composite lower on Tuesday, with rising 10-year yields and contrasting earnings reports from industrials also adding to the pressure. Facebook declined 2.8 percent, Amazon dropped 2.6 percent and Netflix declined 3.5 percent.
U.S. equity markets extended declines, hitting session lows in afternoon trade on Tuesday, with the Dow on track to a fifth straight session of losses. If Dow closes in negative territory it would be the ...
U.S. stocks turned negative on Tuesday, weighed down by shares of Alphabet and 3M and as yield on the 10-year Treasury notes rose to 3 percent for the first time in more than four years. The Dow Jones Industrial Average was sown 0.18 percent at 24403.64, the S&P 500 was up 0.8 points, or 0.03 percent, at 2,671.09 and the Nasdaq Composite was down 20.11 points, or 0.28 percent, at 7,108.49.
U.S. stocks rose on Tuesday as strong earnings from Caterpillar, Verizon and a host of other big names boosted optimism about corporate America's health, but the gains were curbed by rising bond yields. Caterpillar, which serves as a bellwether for global economic activity jumped 4 percent, while Pratt & Whitney aircraft engines-maker United Tech rose 1.3 percent.