|Day's Range||7,950.97 - 8,002.31|
|52 Week Range||6,190.17 - 8,133.30|
Lindsey Bell, CFRA Investment strategist, says that in the wake of good earnings “economic data has been pretty decent” with jobless claims at a 50-year low and retail sales that were much better than expected. Ryan Detrick, LPL Financial Senior Market Strategist, adds that the data shows “this is not the beginning of a recession, this is just an economic slowdown that we had in the first quarter.” Yahoo Finance’s Alexis Christoforous speaks to them, Brian Sozzi and Scott Gamm.
Wall Street is set to get its first read of 2019 economic growth as investors adopt a rosier economic outlook, following talk of a recession only a few weeks ago.
A recent resurgence for stocks after a more than six-month corrective hiatus has many market participants questioning its durability, with trading volumes holding near the lowest levels of 2019.
Forget Tiger Woods. On Wall Street, Bill Ackman is attempting a comeback for the ages — perhaps by reverting to investing basics.
For investors, though, it’s a dream come true. The Dow Jones Industrial Average gained 147.24 points, or 0.6%, to close at 26,559.54, while the S&P 500 dipped 0.1% to 2905.03, and the Nasdaq Composite advanced 0.2% to 7998.06. Fears of a looming recession induced panic-selling in December and left investors wondering what had happened.
TOKYO (AP) — Global stock indexes were mostly moderately higher in quiet holiday trading on Good Friday as some markets were closed.
Major U.S. indexes managed small gains Thursday, though not enough to prevent a losing week for the S&P 500 following three weeks of gains. Industrial stocks led the way higher on strong company earnings. ...
A gauge of global stocks fell on Thursday after underwhelming manufacturing surveys from Asia and Europe, though it pared losses as Wall Street edged higher on strong U.S. retail sales data and earnings from industrial companies. The U.S. benchmark S&P 500 index inched forward on strong March retail sales data, which registered their greatest increase in 1-1/2 years, and upbeat results from Union Pacific Corp and Honeywell International Inc.
Industrials led the S&P 500 and the Dow moderately higher on Thursday after robust U.S. economic data and some healthy corporate earnings reports. For the holiday-shortened week, the S&P snapped its three-week winning streak, while the Dow and the Nasdaq posted weekly gains. The bellwether S&P 500 has hovered within a percent of its all-time high for the last five sessions.
Industrials led the S&P 500 and the Dow moderately higher on Thursday after robust U.S. economic data and some healthy corporate earnings reports. All three major U.S. stock indexes closed in positive ...
U.S. stocks close higher Thursday as investors continued to analyze the flow of corporate earnings and a series of conflicting economic reports.
On a day when Pinterest stock went public and Zoom also launched a widely watched IPO, the stock market shook off early weakness and closed higher Thursday.
Much has been made of the buzzy public debut of Zoom Video Communications Inc., the enterprise videoconference software company with a $1 billion valuation, that is set to list on Nasdaq, but the shares of another unrelated company has been more aptly zooming in the past 30 days.
Stocks advanced ahead of a holiday weekend, with market sentiment divided between two technology initial public offerings and the long-awaited release of special counsel Robert Mueller’s report on Russia’s election meddling.
U.S. stocks ended higher Thursday as investors appeared to find optimism in a round of corporate earnings and economic reports, and as a highly anticipated release of a redacted version of an investigation of Russian interference in Trump's 2016 campaign, known as the Mueller report, hasn't yet revealed major surprises.(Markets will be closed in observance of Good Friday). The Dow Jones Industrial Average finished up 110 points, or 0.4%, at 26,559 (on a preliminary basis), the S&P 500 index ended the session 0.2% higher at 2,905, while the Nasdaq Composite Index finished in positive territory but mostly flat at 7,998. For the week, the Dow rose 0.6%, the S&P 500 booked a 0.1% decline, while the Nasdaq rose a slight 0.2%. All three benchmarks are within striking distance of records, with the Dow about 1% shy of its Oct. 3 closing high. Thursday also featured a parade of prominent initial public offerings, including those for Zoom Video Communications Inc. and Pinterest Inc. . On the data front, a report on retail sales showed a rise of 1.6% in March, beating consensus estimates, and the Conference Board's Index of Leading Economic Indicators rose 0.4% in March, indicating a slight uptick in U.S. economic activity from a weak start to 2019. However, the Philadelphia Fed's regional manufacturing index fell to a three-year low of 8.5, below economists expectations of 11. The market took the release of Special Counsel Robert Mueller's report in stride.
Apple is enjoying its second weekly gain of 2% to 3% in each of the past three weeks, and its new breakout is working. Zscaler is testing a key level.
Industrials led Wall Street higher on Thursday in the wake of upbeat economic data and a string of healthy corporate earnings. For the holiday-shortened week, the S&P was on track to snap its three-week winning streak, while the Dow and the Nasdaq were poised to end the week higher.
U.S. stocks eked out gains in volatile trading on Thursday, ahead of a long Easter weekend, as strong results from industrials countered another drop in healthcare stocks, with investors shrugging off release of the Mueller report. In a bright spot, U.S. retail sales increased by the most in 1-1/2 years in March, while a labor department report showed the number of Americans filing for unemployment benefits dropped to its lowest in nearly 50 years last week, further underscoring the economy's strength. Details of Special Counsel Robert Mueller's investigation into Russia's role in the 2016 U.S. election were released during the session and showed a series of incidents in which President Donald Trump took actions to impede the probe that raised questions of whether he committed the crime of obstruction of justice.
The Dow Jones Industrial Average on Thursday midday was at the doorstep of a record close. At last check, the blue-chip index was less than 1% from its Oct. 3 peak, up 0.4% at 26,564, compared with its record put in last fall at 26,828.39, according to FactSet data. Thursday's climb was being supported by a rebound in shares of UnitedHealth Group Inc. , which has been taking it on the chin, along with the rest of the health-care sector, this week. UnitedHealth's stock was up 1.7% or $3.73, while shares of insurer Travelers Cos. Inc. , up 2.9%, or $3.91, also were helping the Dow creep toward a record, even after a brutal end to 2018 that saw the S&P 500 index and Nasdaq Composite Index all put in there most recent lows. All of the main U.S. equity benchmarks are within striking distance of all-time closing peaks.
The latest round of earnings reports propelled U.S. stocks higher, following the release of Special Counsel Robert Mueller’s report on his investigation into Russian interference in the 2016 election.
Stocks have lost some of their morning momentum approaching midday Thursday: The Dow Jones Industrial Average is up 91.96 points, or 0.4%, to 26,541.50 in recent trading, while the S&P 500has ticked up 0.1%, and the Nasdaq Composite is down 0.2%. Just don’t blame the release of the Mueller report, which seems to have been ignored by the market.
A gauge of global stocks erased this week's gains on Thursday after underwhelming manufacturing surveys from Asia and Europe and continued weakness in U.S. healthcare shares spurred profit-taking ahead of an extended Easter holiday weekend. On Wall Street, a sell-off in healthcare shares, which have been under pressure from Democratic proposals to extend Medicare coverage to more Americans, overshadowed strong March retail sales data showing the greatest increase in 1-1/2 years. Lackluster French and German surveys of purchasing managers in the manufacturing sector for April, which showed activity continuing to contract, also prompted selling among some investors, said Darrell Cronk, chief investment officer for wealth and investment management at Wells Fargo in New York.
U.S. stocks dipped in volatile trading on Thursday, ahead of a long Easter weekend, as another drop in healthcare stocks overshadowed gains from industrials after upbeat earnings. In a bright spot, U.S. retail sales increased by the most in 1-1/2 years in March, while a labor department report showed the number of Americans filing for unemployment benefits dropped to its lowest in nearly 50 years last week, further underscoring the economy's strength.