|Day's Range||9,144.28 - 9,414.62|
|52 Week Range||6,631.42 - 9,838.37|
Secretary of State Mike Pompeo tweeted that he reported to Congress that Hong Kong is no longer autonomous from China. Kim Catechis, Martin Currie’s Head of Investment Strategy joins Yahoo Finance Akiko Fujita to break down the growing tensions between Beijing and Washington, D.C.
Brown Harris Stevens CEO Bess Freedman joins Yahoo Finance’s On The Move to assess the future of New York real estate post-pandemic.
The coronavirus hit retailers hard, causing businesses to file for bankruptcy across the world. Peter Kaufman, Gordian Group President joins Yahoo Finance’s On The Move panel to weigh in on the differences between chapter 7 and chapter 11 bankruptcy.
Seema Shah, Principal Global Investors Chief Strategist, joins Yahoo Finance's Alexis Christoforous and Brian Sozzi to discuss what she has her eye on around Wednesday's opening bell.
WDAY looks ready to break out as traders weigh wether markets are now overbought after this 2-day run.
Stock futures were mixed Thursday morning, mostly holding gains after the S&P 500 pushed to an 11-week high a day earlier.
Dow Jones futures rose and Nasdaq futures fell as coronavirus stock market rally sector rotation continues. China OK'd a national security law for Hong Kong.
Stock-index futures trade mostly higher Thursday, a day after the Dow Jones Industrial Average closed above 25,000 and the S&P 500 retook the 3,000 level in a rally fueled by optimism over the reopening of the economy in the wake of the COVID-19 lockdowns.
Pershing Square Capital Management hedge-fund manager Bill Ackman told investors on a call on Wednesday that he is dumping Warren Buffett’s Berkshire Hathaway. The stocks he bought more of and is keeping are worth paying attention to.
Stifel’s Barry Bannister lifts his target for the S&P 500 to 3,250, citing signs the worst of the economic hit from the COVID-19 pandemic are past.
China's ceremonial legislature has endorsed the national security law for Hong Kong, according to wire service reports. According to the South China Morning Post, 2,878 deputies voted in favor and one voting against, while six abstained. The move comes amid ratcheting tensions between the U.S. and China, with Secretary of State Mike Pompeo saying Hong Kong is no longer autonomous from China.
While the benchmark S&P 500 index has surged 34% from its March lows and the Nasdaq Composite is just 6% short of record highs, investors are more bearish than they have been in years and key measures such as unemployment and gross domestic product are giving their worst readings since the Great Depression. The dichotomy between market performance and investor sentiment echoes the "There Is No Alternative" argument that dominated investor thinking in the recent pre-Covid era, when ultra-low rates around the world and the U.S. economy’s relative outperformance pushed global investors into U.S. stocks, even as they fretted about historically high valuations and weak earnings.
Investing.com - U.S. stock markets have been in rally-mode this week, as Wall Street grows more optimistic about the economy reopening, despite uncertainty over the coronavirus pandemic and growing tensions between the U.S. and China.
The Dow closes above a key technical level that is viewed by market technicians as a signal that a new bullish trend may be at hand.
The final word on the COVID-19 pandemic hasn’t been written yet, but that didn’t prevent testiness between anchors Joe Kernen and Andrew Ross Sorkin during the business channel’s morning show “Squawk Box.”
The strongest performers in the Dow were hard-hit financials. American Express stock surged 7.3%, Goldman Sachs Group stock gained 6.9%, and JPMorgan Chase stock added 5.8%. All three remain in the red for the year to date, however.
Major U.S. stock benchmarks roared higher Wednesday, despite the battered state of the economy and rising tensions between Beijing and Washington as investors focused on efforts to reopen more states for business.
Stocks rose Wednesday and pushed passed earlier concerns over increasingly tense U.S.-China relations, which had sent the S&P 500 and Nasdaq into negative territory earlier in the session.
Stocks ended sharply higher Wednesday, with the Dow Jones Industrial Average closing back above the 25,000 level and the S&P 500 ending above 3,000 as the industrial and financial sectors led the way. The move continued a rotation that has seen investors move into stocks that are more closely tied to the economic cycle, leaving shares of tech companies, which were seen holding up best during the COVID-19 lockdowns, lagged behind. The Dow Jones rose around 553 points, or 2.2%, to end near 25,548, according to preliminary figures, while the S&P 500 advanced around 44 points, or 1.5%, to close near 3,036. The tech-heavy Nasdaq Composite ended near 9,412, a gain of around 72 points, or 0.8%. Financials were the strongest gainer of the S&P 500's 11 sectors, rising 4.3%, followed by industrials, which rose 3.3%. The information technology and and communications services sectors were laggards, each rising 0.5%.
Most business contacts were pessimistic about the prospect of a speedy recovery, according to the latest Beige Book survey released by the Federal Reserve on Wednesday.
Back in late April, the CNBC host created an index of stocks he believed were positioned to benefit from the reeling pandemic-era economy. Now, he says, it’s time to make some adjustments.
The Dow Jones Industrial Average has been a bright spot in today's stock market action, holding its gains from yesterday's bullish run.
The major stock indexes were sharply mixed early Wednesday. Warren Buffett stock StoneCo soared 28% on earnings.
U.S. stocks were mostly higher at the open Wednesday, looking for a second straight session of gains, on growing optimism that governments around the world will be able to loosen lockdown measures in place to combat the coronavirus pandemic. The Dow Jones Industrial Average opened about 351 points, 1.4%, higher, near 25,347, while the S&P 500 jumped about 28 points or .9% to open near 3,019. The Nasdaq Composite Index was about 13 points or 0.1% higher, opening near 9,353. Travel operators like Carnival Cruise Lines and Delta Airlines Inc. roared higher, but tech heavyweights like Amazon.com Inc. sold off as investors looked to beaten-down stocks for better values.