|Day's Range||7,732.76 - 7,757.32|
|52 Week Range||6,190.17 - 8,133.30|
U.S. stocks opened higher to kick off the week.
Sam Stovall, CFRA Research Equity Strategist, says the Dow Jones is “very close to a golden cross”, which is when the 50-day moving average breaks above the 200-day moving average, and that “could be a positive sentiment indicator in the near term.” Yahoo Finance’s Alexis Christoforous speaks to Scott Gamm, Brian Sozzi and Stovall.
Stocks rise Tuesday morning as bulls attempt to push the Dow Jones Industrial Average to a five-day winning streak ahead of a Federal Reserve meeting.
The stock market was broadly higher Tuesday. Hot IPO stock StoneCo surged to a new high, while Chinese IPO Tencent Music will report late Tuesday.
WASHINGTON (MarketWatch) - U.S. factory orders rose a scant 0.1% in January, another sign pointing to slower economic growth in the first quarter. Economists polled by MarketWatch had forecast a 0.4% increase. Orders for durable goods, or products meant to least at least three years, rose 0.3%. But orders for cheaper products not meant to last a long time, known as nondurable goods, sank 0.5% in January. The 0.1% increase in factory orders in December, meanwhile, was left unchanged.
U.S. stocks rose on Tuesday with technology and financial shares leading gains, as investors expected a more accommodative policy stance at the end of the Federal Reserve's two-day meeting this week. A flurry of downbeat economic data this month has supported market expectations that the Fed may reinforce a halt to further interest rates hikes. Investors will also be watching out for the "dot plot," a diagram showing individual policymakers' rate views for the next three years, along with details on the Fed's plans to reduce holdings in bonds.
U.S. stocks on Tuesday opened solidly higher ahead of a policy update by the Federal Reserve set to be released Wednesday afternoon. Investors appeared to shake off news reports that President Donald Trump and Chinese leader Xi Jinping to formally end a U.S.-China trade dispute is unlikely to occur until June. A report from Bloomberg News last week placed April as a tentative time for that gathering, delayed from sometime this month. The Dow Jones Industrial Average was up solidly, gaining 113 points, or 0.4%, to 26,029, on pace for its fifth gain in a row, which would match the blue-chip index's longest string of gains since the period ended Jan. 10, according to FactSet data. The S&P 500 index rose 0.4% at 2,844, while the Nasdaq Composite Index climbed 0.5% to 7,756. A meeting of the rate-setting Federal Open Market Committee is set to commence later Tuesday morning, with an update to policy set to be released at 2 p.m. Eastern Time. In corporate news, shares of Nvidia Corp. were in focus Tuesday after the company announced Monday evening that Amazon.com Inc. would now be using its T4 data-center chips.
STOCKSTOWATCHTODAY BLOG Looking Up. Stocks were rising early Tuesday, with futures on the Dow Jones Industrial Average and Nasdaq Composite 0.4% higher, while the S&P 500 was up 0.3% ahead of the open.
The Dow Jones Industrial Average chart is set on Tuesday to produce a bullish "golden cross" pattern, exactly three months after a bearish "death cross" appeared. A golden cross is when the 50-day moving average (DMA), a shorter-term trend tracker, crosses above the 200-DMA, a longer-term trend divider. Many technicians believe the cross marks the spot where a shorter-term bounce turns into a longer-term uptrend. Dow futures are up about 102 points before the open. The 50-DMA is on track to open at $25,177.96 and the 200-DMA at 25,165.81, according to FactSet. 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. After that last golden cross, the Dow rallied 29% before the next death cross appeared. Meanwhile, the S&P 500 and Nasdaq Composite are both about two weeks away from producing golden cross patterns.
Global stock markets recovered their poise Tuesday after a lackluster session in Asia as investors digested the latest bout of Brexit uncertainty and prepared for a key U.S. Federal Reserve meeting. With just ten days to go until Brexit, the country has yet to agree on how it will leave and Prime Minister Theresa May is expected later this week to seek an extension to the departure date from March 29. "Depending on your point of view, either the U.K. is locked in some kind of limbo tied to the EU, which is the 'Remainers' preferred scenario, or as an unintended consequence the U.K. leaves the EU without a deal quite soon, the Brexiteers preferred scenario, something which is not being priced in by financial markets at the moment," said Neil MacKinnon, economist at VTB Capital.
The Federal Reserve will release its monetary statement tomorrow, but the market doesn’t seem to worried about what Chairman Jerome Powell will say.
Asian shares held tight ranges on Tuesday ahead of the a Federal Reserve policy meeting, but were broadly supported near six-month highs on expectations the central bank might strike a dovish tone, while fresh Brexit worries dogged the pound. MSCI's broadest index of Asia-Pacific shares outside Japan was flat, easing back from its highest level since Sept. 21 hit earlier in the session. Japan's Nikkei average dropped 0.3 percent, while Australian stocks eased 0.1 percent.
Shares in Asia were tepid on the day. The U.S. Federal Reserve is set to begin its two-day monetary policy meeting later on Tuesday stateside. Shares in Asia were tepid on Tuesday, ahead of a closely watched meeting by the U.S. Federal Reserve set to kick off later in the day stateside.
U.S. prosecutors are looking into the development of Boeing's 737 Max jets, a person briefed on the matter revealed Monday, the same day French aviation investigators concluded there were "clear similarities" in the crash of an Ethiopian Airlines Max 8 last week and a Lion Air jet in October. The Justice Department probe will examine the way Boeing was regulated by the U.S. Federal Aviation Administration, said the person, who asked not to be identified because the inquiry is private. LONDON (AP) -- The speaker of Britain's House of Commons dealt a potentially fatal blow to Prime Minister Theresa May's ailing Brexit deal on Monday, saying the government couldn't keep asking lawmakers to vote on the same deal they have already rejected twice.
All three major indexes closed in positive territory, despite reports that a meeting between President Donald Trump and Chinese President Xi Jinping may not happen until June. Investors are feeling relatively upbeat as they await news from global central banks this week, including the Federal Reserve on Wednesday. The Dow Jones Industrial Average rose 65.23 points, or 0.3%, to 25,914.1, while the S&P 500 ticked up 10.46 points, or 0.4%, to 2,832.94 and the Nasdaq Composite added 25.95 points, or 0.3%, to 7,714.48.
Stocks managed to post modest gains on Wall Street Monday after charging ahead in a solid rally last week. Energy companies notched the biggest gains after the price of U.S. crude oil closed above $59 ...
Asian shares were mixed in muted trading Tuesday as investors awaited the U.S. Federal Reserve meeting later in the week. Japan's benchmark Nikkei 225 lost 0.3 percent to 21,528.23 in early trading. Australia's ...
Banks and tech helped lead Wall Street higher on Monday, while Boeing and Facebook were a drag and investors eyed this week's U.S. Federal Reserve meeting for affirmation of its commitment to "patient" monetary policy. Following the S&P 500's best week since November, the benchmark index ended the session about 3.3 percent below its all-time high reached in September. The Fed's two-day policy meeting begins on Tuesday.
Banks and tech helped lead Wall Street higher on Monday, while Boeing and Facebook were a drag and investors eyed this week's U.S. Federal Reserve meeting for affirmation of its commitment to "patient" monetary policy. Following the S&P 500's best week since November, the benchmark index ended the session about 3.3 percent below its all-time high reached in September. The Dow's fourth straight advance ran into headwinds from Boeing Co, which fell 1.8 percent as the company faced increasing scrutiny following a fatal crash in Ethiopia on March 10.
U.S. stocks trade modestly higher as investors look ahead to this week’s meeting of Federal Reserve policy makers; losses for aircraft maker Boeing threaten to again weigh on the Dow Jones Industrial Average.
Banks helped lead Wall Street higher on Monday, while Boeing and Facebook were a drag and investors eyed this week's Federal Reserve meeting for affirmation of its commitment to "patient" monetary ...
Stocks closed on a positive note on Monday to extend last week's broad-based rally even as Boeing's travails dragged on the blue-chip Dow. The S&P 500 rose less than 0.4% to end near 2,833. The Dow Jones Industrial Average advanced 65 points, or less than 0.3%, to finish near 25,912, based on preliminary numbers. The Nasdaq Composite rose 0.3% to end around 7,714. The Dow notched its fourth straight consecutive gain. The S&P and Nasdaq hit a fresh 52-week high. Major stock-market benchmarks built on last week's rally that lifted the S&P 500 above its long-term resistance level at 2,800. Investors said they would mostly look ahead to the Fed's two-day meeting set to conclude on Wednesday, with expectations for the central bank to lower its forecasts for interest rates. In company news, shares of Boeing Co. were down 2% after The Wall Street Journal said that federal prosecutors and Department of Transportation officials were investigating the development of the firm's 737 Max jetliners.