|Day's Range||9,462.32 - 9,571.28|
|52 Week Range||6,631.42 - 9,838.37|
S&P Global Ratings Managing Director & Transportation Sector Lead Kurt Forsgren joins Yahoo Finance’s Kristin Myers to break down why airports globally are going to face a long road to recovery.
President Trump recently announced the end of the U.S. relationship with the World Health Organization. Center for Strategic and International Studies Senior Vice President & Global Health Policy Center Director J. Stephen Morrison joins Kristin Myers to discuss.
Camden County, NJ Police Chief Joseph Wysocki joins Yahoo Finance’s Anjalee Khemlani and Zack Guzman to discuss why he marched in protests over the weekend in response to the death of George Floyd.
While the U.S. is facing an economic fallout, investors are feeling more pressure to save for their retirement. BlackRock Retirement Group Head Anne Ackerley joins Yahoo Finance’s On The Move to weigh in on the company’s new retirement initiative.
Noah Hamman, AdvisorShares CEO, joins Yahoo Finance's Alexis Christoforous and Brian Sozzi to break down overall markets, where he sees a bright spot, relations between the U.S. and China and more.
Dow Jones futures were down late Monday. Tech giants Apple, Netflix and Tesla were in new buy zones, while Domino's Pizza broke out.
Stock futures opened roughly flat Monday evening, as investors eyed stabilizing economic data alongside ongoing protests across the country, which spurred some concerns of a ramp-up in coronavirus cases following a deescalation in the outbreak.
The U.S. is experiencing painful civil unrest in the aftermath of the Memorial Day killing of George Floyd. Yet the stock market hasn’t reacted to any of the tragic events yet.
(Bloomberg) -- Asian stocks looked set to follow U.S. shares higher Tuesday as investors focused on signs of economic recovery over further tension with China and spreading protests in America. The dollar slumped.Futures indicated gains in Tokyo, Sydney and Hong Kong. The S&P 500 saw a modest advance Monday and the tech-heavy Nasdaq Composite outperformed as a closely watched measure of U.S. manufacturing rose in May for the first time in four months, suggesting stabilization after a pandemic-driven plunge. Risk assets shrugged off reports that Chinese officials had told agricultural companies to pause purchases of some U.S. farm goods, threatening a hard-won trade deal. Treasuries were little changed.Global stocks are trading at a three-month high as businesses reopen around the world following coronavirus shutdowns, even with unemployment escalating. Goldman Sachs Group Inc. said the U.S. labor market is showing the earliest signs of rebounding. Euro-area data on Monday also signaled factories have started down their long road to recovery.Investors mostly looked past the sometimes violent demonstrations across U.S. cities, over the killing of George Floyd, an unarmed black man, by police, highlighting what many see as the disconnect between Wall Street and Main Street. President Donald Trump demanded a crackdown on protests.“Progress on the road to an economic recovery could help offset pressure on the equity market from near-term challenges stemming from geopolitical, health, and societal risks,” John Stoltzfus, chief investment strategist at Oppenheimer, wrote to clients.Elsewhere, oil steadied as investors assessed whether OPEC and its allies will extend the supply curbs that helped drive prices higher. Gilead Sciences Inc. fell after its drug remdesivir showed only a limited benefit in a large trial.Here are some key events coming up:In Europe, the ECB is expected to top up its rescue program with an additional 500 billion euros of asset purchases at a meeting on Thursday. Anything less than an expansion would be a big shock, Bloomberg Economics said.The U.S. labor market report on Friday will probably show American unemployment soared to 19.6% in May, the highest since the 1930s.These are the main moves in markets:StocksThe S&P 500 Index rose 0.4% at the close of trading in New York.Nikkei 225 futures rose 0.6%.Australia’s S&P/ASX 200 Index futures were up 0.2%.Hong Kong’s Hang Seng Index futures earlier rose 0.8%.CurrenciesThe Bloomberg Dollar Spot Index declined 0.7%.The yen traded at 107.61 per dollar.The offshore yuan was at 7.1284 per dollar.The euro was at $1.1136.BondsThe yield on 10-year Treasuries rose one basis point to 0.66%.CommoditiesWest Texas Intermediate crude rose 0.2% to $35.56 a barrel.Gold was little changed at $1,738.05 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Investors enjoyed modest gains on Wall Street to start the new week, with the markets reacting favorably to a lack of news on the geopolitical front. The Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) were all up in the neighborhood of half a percent. Amyris (NASDAQ: AMRS) and Coty (NYSE: COTY) aren't household names, but they made their shareholders a lot happier today.
U.S. stocks booked modest gains Monday, after retracing losses earlier in the session, as the potential for an economic rebound overshadowed strife in American cities that has led to chaos and curfews.
The Dow Jones was led by Boeing stock Monday, but small caps and the Nasdaq composite delivered another day of outperformance.
The Dow Jones Industrial booked its first gain of the past three sessions on Monday to start trading for the week and month of June. Markets appeared to be heartened by upbeat data from the Institute for Supply Management, whose manufacturing index for May rose to 43.1 from an 11-year low of 41.5 in April. A reading above 50.0 indicates an increase in activity, while a one below that level indicates contraction. The report indicated to many investors that the worst of the economic problems from closures induced by COVID-19 may be reaching a peak. The Dow rose nearly 92 points, or 0.4%, at 25,475, the S&P 500 index climbed 0.4% at about 3,056, while Nasdaq Composite Index advanced 0.7% at around 9,552. Markets appeared to focus on reopenings from the lockdowns that were intended to limit the spread of the novel strain of coronavirus, which appeared to overshadow protests over the weekend centered on the death of George Floyd, a black man who died under the knee of a white police officer last week in Minnesota. On the international front, Chinese government officials told major state-run agricultural companies to pause purchases of some American farm goods, including pork and soybeans, Reuters and Bloomberg News reported on Monday, citing people familiar with the matter. In corporate news, Pfizer shares fell 7.2% after the drugmaker said it would halt a study on a potential breast-cancer treatment.
Stocks turned positive Monday morning, steadying against a backdrop of protracted protests in some of the nation’s largest cities, many of which had already been struggling to reopen amid the coronavirus outbreak.
As of around 3 p.m. EDT, the Nasdaq Composite (NASDAQINDEX: ^IXIC) had picked up about three-quarters of a percent. The Nasdaq 100 Index of top Nasdaq stocks saw slightly more muted gains of around 0.4%, which was more in line with the broader market's rise. Among Nasdaq 100 stocks, however, two companies stood out.
Protests and trade tensions can’t keep the stock market down as investors continue to focus on the reopening of the U.S. economy from the coronavirus-imposed shutdown.
Small caps and the IBD 50 outperformed the main indexes in late trading Monday, as the stock market extended last week's optimistic tone.
Investors had breathed a sigh of relief on Friday when President Donald Trump chose not to mention sanctions or tariffs at a press conference about China’s new security law in Hong Kong. Futures traders had initially shrugged off a weekend of protests against police killings of black people. After opening lower the Dow Jones Industrial Average (DJIA) reversed losses after the Institute for Supply Management manufacturing index indicated the slowdown in factory production may soon come to an end.
His critics might say, “A broken clock is right twice a day,” but that isn’t stopping Nouriel Roubini from claiming a prescient call as the riots erupted across the country over the weekend.
Here's how investors should be thinking through the impact of social unrest sweeping the country.
There has been significant divergence between individual stock prices and their expected earnings next year, presenting some buying and selling opportunities for investors
The Dow Jones swung between small gains and losses Monday morning. Investors fear escalating tensions between the U.S. and China will create instability.
Major stock indexes were higher early Monday on rising U.S.-China tensions. Pfizer dove 7% on a failed drug trial.
Manolo Falco, Citigroup’s co-head of investment banking explained to the Financial Times why he believes the firm’s corporate clients should raise as much cash as possible before the reality of the pandemic sinks in for investors
Meghan Shue, investment strategist as Wilmington Trust, says that while the coronavirus is still the biggest risk facing the stock market, another freshening headwind could hobble the recent rally.