|Day's Range||7,260.13 - 7,472.58|
|52 Week Range||6,517.93 - 8,133.30|
Microsoft, Boeing, and AMD will among the major companies scheduled to report earnings on Wednesday as investors search for direction amid another volatile day for the stock market.
President Donald Trump's pick for Fed Governor was a key figure in the Obama-era financial regulatory framework, raising concerns that Republicans may not support her.
Live from the floor of the New York Stock Exchange, Yahoo Finance's Jared Blikre joins Alexis Christoforous to discuss the latest market moves.
Fears that an apparent slowdown in China’s economy will eventually ripple through the rest of the world were playing out on Tuesday, reflected in global equity market weakness.
Asia stocks were mostly higher on Wednesday morning despite declines overnight on Wall Street. Energy stocks sold off in the region following declines in oil prices. Stocks fell overnight on Wall Street as some corporate results disappointed investors.
Markets are "within the ballpark of a tradeable low," says Chris Verrone, head of technical research at Strategas Research Partners. Verrone says he would steer clear of industrials and instead look to invest in health-care names. Apple is also a strong "leadership stock," in his view.
"I'd like to see a full on panic, which is to me a little better entry point. I think we're going to have to go down there again and shake people up a little more before we see this ultimate bottom," ...
U.S. stocks fell on Tuesday after worries about the earnings outlook added to recent selling pressure, though major indexes ended well off the day's lows as investors snapped up beaten-down shares late in the session. Shares of Caterpillar tumbled 7.6 percent after the heavy-equipment maker maintained its 2018 earnings forecast, following forecast increases in the previous two quarters. The S&P 500 energy index fell 2.7 percent, the most of any sector, as oil prices plunged after Saudi Arabia said it could supply more crude quickly if needed.
U.S. stocks on Tuesday finished in negative territory, albeit off the worst levels of the session, as worries about global economic growth and downbeat earnings outlooks from blue-chip companies sank equities following a rout in China's stock market. The Dow Jones Industrial Average closed down 125.98 points, or 0.5%, at 25,191.43, but had been down by as many as 548 points at its low of the session. The S&P 500 index lost 0.6% at 2,740.69, led by losses in energy stocks and industrials. Meanwhile, the Nasdaq Composite Index ended the day down 0.4% at 7,437.54 but enjoyed a brief stint in positive territory in a frightful and volatile day for U.S. stocks. Notably in corporate news, shares of Caterpillar Inc. closed off 7.6%, leading Dow decliners, after the industrial giant reported profits and revenue ahead of analysts expectations but offered guidance that was below consensus. Another Dow component, 3M Co.'s stock finished off 4.4% after issuing downbeat 2018 guidance. 3M and Caterpillar combined to account for nearly half the Dow's loss at Tuesday's open at one point during the session. On big bright spot, shares of McDonald's Corp jumped 6.3% for its best day in about three years after its quarterly results on Tuesday. Markets headed lower out of the gate following the Shanghai Composite Index's 2.3% loss, giving back part of a two-day rally, and reigniting fears of a slowdown in the second-largest economy which rippled through markets. Still, some investors describe Tuesday's trade action as orderly and constructive despite the negative finish for stocks.
U.S. stocks bounce off intraday lows, as major indexes trimmed early losses, but the S&P 500 still finished down 0.6%.
Traders were bargain hunting on Tuesday but if China doesn't support its market or stocks drop again it will be an ugly day on Wednesday, says Art Cashin of UBS. U.S. stocks could sell off on Wednesday if China's market falls again, veteran trader Art Cashin told CNBC.
Treasury yields declined and crude oil tumbled. The S&P 500 pared to 0.6 percent a loss that took it below 2,700 for the first time since July, while the Nasdaq Composite Index flirted with a correction before paring losses. Industrial stocks remained under pressure after disappointing results from Caterpillar and 3M added to worries that rising costs will erode profit margins.
U.S. stocks fell on Tuesday as worries about the outlook for corporate earnings dampened sentiment, though the three major indexes ended well off the day's lows as investors snapped up beaten-down shares ...
Wall Street sank on Tuesday, continuing a punishing month for U.S. stocks, as dismal outlook from industrial bellwethers Caterpillar and 3M sparked concerns over corporate growth and added to worries ranging from China's slowdown to Saudi Arabia's diplomatic isolation. The Dow Jones Industrial Average is 6.83 percent down from its all-time closing high and the Nasdaq 9 percent.
As we observed in recent quarterly letters, market returns have continued to be dominated by 4 companies from the group that CNBC's James Cramer has dubbed the FAANG stocks: during the first 9 months of 2018, Facebook, Amazon, Netflix, and Google accounted for a majority of the S&P 500's gains. More broadly, the top 10 contributors for the S&P 500, virtually all of them high-multiple technology businesses, were responsible for more than 110% of the indices' gain for the first 9 months of 2018. The S&P 500, inclusive of dividends, advanced 10.56% for the first 9 months of 2018, but this movement was driven by a dwindling number of stocks.