|Day's Range||9,777.10 - 9,838.37|
|52 Week Range||7,292.22 - 9,838.37|
Thursday’s economic data earnings releases are poised to shed more light on the impact of the coronavirus to the domestic economy and individual companies.
Dow Jones futures: IBD Leaderboard stocks Apple, Tesla, AMD and Nvidia are driving the stock market rally higher. SolarEdge and Zillow were notable earnings late.
Renaissance Technologies, added more than 3 million shares of Tesla to its holdings in the fourth quarter of last year, as the electric-vehicle maker’s shares catapulted higher, according to public filings.
What happens when everything rises all at once? That’s what some investors are scratching their heads about as they look out at the current landscape on Wall Street.
Subprime auto bonds with “junk” BB-ratings are fetching yields of only about 3.5%, versus 9% four years ago, even though late-stage auto loan delinquencies are piling up.
All three major U.S. stock indexes rose on Wednesday as investors welcomed signs that the spread of novel coronavirus, or COVID-19, in China might be slowing down.
Gold prices now trade at their highest levels in almost seven years, as the economic impact of COVID-19 has raised expectations for stimulus from global central banks, feeding talk of record prices of $2000 an ounce and beyond for the precious metal.
The S&P 500 and Nasdaq finish at all-time highs Wednesday as investors were encouraged by comments from the Federal Reserve and measures China says it has taken to help coronavirus-stricken businesses.
The dollar is on fire in 2020, but that isn’t cooling investors’ ardor for U.S. stocks. Can that relationship continue?
U.S. stocks ended higher Wednesday, with the S&P 500 and Nasdaq Composite each posting a record finish in a tech-led rally as investors looked past China's COVID-19 outbreak. The Dow Jones Industrial Average rose around 115 points, or 0.4%, to finish near 29,348, according to preliminary figures, while the S&P 500 advanced nearly 16 points, or 0.5%, to close near 3,386. The Nasdaq Composite ended near 9,817, up around 84 points, or 0.9%. Shares of Apple Inc. , which weighed on the Dow in Tuesday's session after it warned the viral outbreak would hamper production of iPhones and demand for its products in China, rose 1.4% on Wednesday.
The chip maker reported revenue of $1.3 billion, down 15% from a year earlier, but in line with both guidance and Wall Street estimates. Adjusted profit of $1.03 a share was ahead of the Street at 98 cents.
The Dow Jones Industrial Average rose 160 points, or 0.6%. The S&P 500 gained 0.6%, and the Nasdaq Composite was up 1%.
Based on the early price action and the current price at 29358, the direction on the March E-mini Dow Jones Industrial Average the rest of the session on Wednesday is likely to be determined by trader reaction to the minor pivot at 29322.
The Zacks Analyst Blog Highlights: Smith Micro Software, Accuray, Vista Outdoor, Synaptics and CareDx
The tech-heavy Nasdaq composite and S&P; 500 hit record highs Wednesday on easing coronavirus fears. Tesla stock surged above 900.
As the COVID-19 spreads and the patient count and death toll grow, economists are slashing their once-rosy expectations for global growth in 2020.
There are three sides to every (stock market) story: The bull side, the bear side and the truth. Looking at all stocks traded on the New York Stock Exchange is helpful because this number is not skewed by a few high-flying tech stocks. The chart below (green lines) highlights the last two times the share of stocks on the NYSE that were at 52-week highs set a two-year record.
U.S. stock benchmarks on Wednesday opened at or near records after China launched fresh measures to support local businesses that are struggling because of the coronavirus outbreak. The Nasdaq Composite Index rose 0.5% to reach an intraday record at 9,787.74, as the Dow Jones Industrial Average rose 100 points, or 0.3%, at 29,334, the S&P 500 index gained 0.4% at 3,383, just below its own intraday record. Shares of Tesla were adding to its record rally after an analyst raised his price forecast for the electric-vehicle maker. On Wednesday, investors also appeared heartened by comments from China's Ministry of Industry and Information Technology, which said Beijing would help companies to identify weak links in supply chains, The Wall Street Journal reported.
The Dow Jones Industrial Average is poised to open higher, putting it in position to snap a three-session streak of losses.
WASHINGTON (MarketWatch) - Construction on new homes slipped 3.6% in January, but permits rose to a nearly 13-year high in a sign that builders plan to pick up the pace in the spring. New housing starts slipped as expected last month after a surprising surge at the end of 2019 that pushed housing starts to a 13-year high. Housing starts fell to an annual pace of 1.57 million, the Commerce Department said Wednesday. Economists polled by MarketWatch had forecast a seasonally adjusted 1.43 million rate. Yet permits to build new homes climbed 9.2% to an annual clip of 1.55 million, marking the highest level since March 2007. Both starts and permits are sharply higher compared to one year ago, reflecting a rebound in the housing market tied to tumbling interest rates. For December, housing starts were revised up to a 1.63 million rate from 1.61 million.