|Day's Range||7,699.15 - 7,767.89|
|52 Week Range||6,190.17 - 8,133.30|
Talley Leger, OppenheimerFunds Investment Strategist, says markets are looking for a continued expression of dovishness from the FOMC, which could decide the direction of U.S. equities. Yahoo Finance’s Alexis Christoforous speaks to him, Jared Blikre and Scott Gamm.
BANGKOK (AP) — Shares were mixed in Asia on Wednesday ahead of the Federal Reserve's policy statement. Fresh news on China-U.S. trade talks raised spirits, helping Chinese benchmarks to trim early losses.
Dow Jones futures: The current stock market erased gains Tuesday, but two hot sectors continued to rally. Overnight, a 2018 IPO soared on earnings.
The broad MSCI Asia ex-Japan index slipped 0.45 percent to 528.10, as of 12:32 p.m. HK/SIN. Overnight in U.S. markets, stocks were hit by a new wave of uncertainty on the U.S.-China trade front following a series of conflicting reports. Meanwhile, the U.S. Federal Reserve is set to announce its decision on interest rates later on Wednesday following its two-day monetary policy meeting.
News that China might be backing away from trade promises caused gains from earlier in the day to evaporate. The Dow ended 0.10% lower at 25,887.38, while the S&P 500 slipped 0.01% to end at 2832.57. The Nasdaq Composite eked out a 0.12% gain to close at 7723.95.
Banks led stocks mostly lower on Wall Street Tuesday as the market gave up an early gain. Utilities and industrial companies also took losses, outweighing gains in health care, technology and consumer ...
The benchmark S&P 500 index ended little changed on Tuesday as investor optimism regarding the Federal Reserve's expected affirmation of its dovish policy stance was offset by reports of fault lines emerging in ongoing U.S.-China trade negotiations. Financial stocks weighed on all three major U.S. stock indexes, which gave up early gains following a Bloomberg report that China is pushing back against American demands in trade talks. The blue-chip Dow snapped a four-day winning streak, while the Nasdaq limped back into positive territory just before the closing bell.
The Nasdaq held up best as the key indexes pared big gains to finish mostly lower Tuesday amid renewed concerns about China-U.S. trade talks.
U.S. stocks close mostly lower Tuesday, with the Dow Jones Industrial Average snapping a four-day winning streak, as investors tried to make sense of a pair of conflicting reports on U.S.-China trade talks.
U.S. stock benchmarks on Tuesday closed mostly lower in a bumpy session, as investors digested news on trade and awaited a policy decision by the rate-setting Federal Open Market Committee due Wednesday. The Dow Jones Industrial Average finished down 0.1% at 25,887, on a preliminary basis. The decline marked the first for the blue-chip gauge in the past four sessions. Meanwhile, the S&P 500 index ended flat at 2,833, while the Nasdaq Composite Index managed a gain of about 0.1% to 7,723. All three benchmarks had been swinging up and down throughout the session. Moves for the equity benchmarks come as the Fed is set to release its policy outlook at 2 p.m. Eastern Time, with that update expected to reaffirm a dovish pivot for the central bank since its last meeting in January. Investors will closely watch the pace of future rate hikes, if any in 2019, and help investors glean when policy makers are slated to end a runoff of a trillion-dollar balance sheet that grew in the aftermath of the 2008-09 crisis. Meanwhile, stocks also reacted to updates related to U.S.-China negotiations, which were said to be nearing a final stage, according to a report from the Wall Street Journal. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin were expected fly to Beijing next week. A separate report from Bloomberg News said that China may walk back early trade agreements, citing sources familiar. In corporate news, the Department of Transportation was investigating the the certification of Boeing's 737 Max jets, which was a focus after a pair of fatal crashes within five months.
The benchmark S&P 500 stock index ended little changed on Tuesday as investor optimism regarding the Federal Reserve's expected affirmation of its dovish policy stance was offset by reports of fault lines ...
Stocks continued their recent string of gains Tuesday, led by the Dow Jones industrials, as the Fed began its two-day policy-making meeting in Washington.
It’s Official: Apple's TV Service Won’t Include NetflixAppleAmerican tech giant Apple (AAPL) is set to hold a special event at the Steve Jobs Theater in Cupertino, California, on March 25. The company is expected to launch its video streaming
Wall Street gained ground on Tuesday, with investors expecting the U.S. Federal Reserve to reaffirm its dovish stance as it began its two-day monetary policy meeting. The Dow was set to post its fifth straight gain and the benchmark S&P 500 was about 3 percent away from its all-time high set last September. As the Fed convened its two-day policy meeting, investors expected little change in its measured approach to interest rate hikes.
The S&P 500 and Nasdaq held at five-month highs on Tuesday as investors hoped the Federal Reserve would stick to its patient stance at the end of a two-day policy meeting this week, shrugging off mixed reports on the U.S.-China trade talks. Wall Street's main indexes hit session lows after Bloomberg reported some U.S. officials were concerned that China was pushing back against American demands in trade talks.
Amid modest gains for the indexes Tuesday, stocks showing big gains included chipmaker Advanced Micro Devices, Nvidia and Micron Technology.
U.S. stock benchmarks were off their best levels in Tuesday afternoon trade, coming amid a pair of reports signaling various stage of progress between the U.S. and China in its trade negotiations. According to Bloomberg News, some U.S. officials were worried that Beijing might roll back some concessions as the world's largest economies attempt to resolve a yearlong trade dispute. Meanwhile, the Wall Street Journal indicated that the parties were in the 'final stages' of trade talks. The Dow Jones Industrial Average, most recently, was up 90 points, or 0.3%, at 26,002, pulling back from an intraday high at 26,109. Meanwhile, the S&P 500 index advanced 0.4% to 2,843 and the Nasdaq Composite Index rose 0.4% to 7,745. Both benchmarks were off their best levels on Tuesday. On Monday, Bloomberg reported that a meeting between President Xi Jinping and President Donald Trump that had been rescheduled to April from March, was being further pushed back to June. The purported purpose of the gathering was to complete any trade agreement between the parties, Bloomberg reported.
Wall Street's main indexes pared gains sharply on Tuesday following a Bloomberg report that U.S. officials are concerned China is pushing back against American demands in trade talks. At 12:58 p.m. ET the Dow Jones Industrial Average was up 63.01 points, or 0.24 percent, at 25,977.11, the S&P 500 was up 8.30 points, or 0.29 percent, at 2,841.24 and the Nasdaq Composite was up 25.39 points, or 0.33 percent, at 7,739.87. The S&P 500 was up 14.68 points, or 0.52 percent, at 2,847.62 and the Nasdaq Composite was up 45.53 points, or 0.59 percent, at 7,760.01.
The Dow was up nearly 200 points—and then reports that China may be backing away from some of its trade promises hit the wires.
The Dow Jones Industrial Average traded near session highs around lunchtime in New York as Boeing rebounded. The Nasdaq got a nice boost from techs.
Technically speaking, the S&P 500 has rallied atop major resistance (2,817) opening the path to less-charted territory and still potentially material follow-through, writes Michael Ashbaugh.
The Dow Jones Industrial Average on Tuesday looked set to extend a bullish turn that has seen it register four consecutive gains, putting the index less than 800 points from its October record. Most recently, the Dow was up 173 points, or 0.7%, at 26,086, as of midday Thursday. On Oct. 3, the Dow hit a record at 26,828.39, with its current level putting it about 745 points short of that level. The blue-chip gauge's rally, headed for a fifth straight day, also has formed a bullish golden cross, where its 50-day moving average crossed above its 200-day moving average, a feature often viewed by market technicians as a bullish sign in an asset. The Dow's 50-day stands at 25,180.51, while the 200-day is at 25,166. The bullish cross comes 60 sessions after a bearish death cross appeared on Dec. 19. The last golden cross appeared on April 19, 2016, which was 66 sessions after a death cross appeared. Meanwhile, the S&P 500 index was up 0.6% at 2,851, while the Nasdaq Composite Index advanced 0.7% at 7,766.