|Day's Range||7,979.67 - 8,057.26|
|52 Week Range||6,343.96 - 8,133.30|
Albert Edwards, global strategist at Société Générale, cautions that the moment of reckoning for stocks is near and investors should stop buying into the fantasy of a robust economy.
MSCI's gauge of stocks across the globe gained 0.30 percent to hit the highest level since March 13. Sterling tumbled and pushed the dollar up after British Prime Minister Theresa May said Brexit talks had hit an impasse and that the European Union must offer an alternative plan after the bloc's leaders rejected her plans. The pound fell 1.42 percent, marking its biggest daily loss since June 2017.
Industrials led the Dow to a new closing high on Friday ahead of Monday's major sector reshuffle, capping a week that largely shrugged off trade worries. Trading volume spiked to the highest level since Feb. 9 in anticipation of the S&P 500 sector change, when telecoms will be folded into a new sector called communications services, along with heavy-hitting stocks such as Facebook Inc and Walt Disney Co. While the Dow closed higher, the S&P 500 and the Nasdaq ended the session in negative territory.
The Dow Jones Industrial Average on Friday notches a second straight all-time high, but a slump in megacapitalization technology and internet-related stocks weigh on the broader market, pressuring the Nasdaq.
Is Wall Street ignoring the potential for simmering trade conflicts with China to intensify, upending the stock market’s newfound buoyancy?
The S&P 500 and Nasdaq Composite also surged on Thursday, but weekly gains were more modest. The stock market’s upward trend has coincided with a pause in the U.S. dollar’s climb and a recent spike in government-bond yields, a signal investors are viewing next week’s expected increase in interest rates from the Federal Reserve as a testament to the strength of the economy. Among individual stocks, Hennes & Mauritz AB shot up 17% on Monday after the parent company of fast-fashion retailer H&M posted stronger-than-expected quarterly sales figures that validated its turnaround efforts.
U.S. stock indexes finished unevenly Friday even as the Dow Jones Industrial Average eked out another all-time high. Losses in technology companies and retailers offset gains in energy and industrial stocks. ...
Wall Street capped a milestone-setting week Friday with a mixed finish for the major U.S. stock indexes and the second all-time high in two days for the Dow Jones Industrial Average.
Live from the floor of the New York Stock Exchange, Yahoo Finance's Jared Blikre joins Seana Smith and Dion Rabouin to break down the latest market moves.
British Prime Minister Theresa May said today that the EU and the UK are at an "impasse" in talks over Brexit. The Pound sank. Yahoo Finance's Dion Rabouin and Seana Smith talk with HSBC's Jose Rasco about Brexit, the dollar and where markets and the U.S. economy are headed.