|Day's Range||7,828.35 - 7,907.52|
|52 Week Range||6,190.17 - 8,339.64|
San Francisco is home to hot IPOs like Uber, Lyft, Slack and Pinterest. Big swings in the stock market get less attention than sizeable moves with any of the cities biggest publicly traded names.
The yield curve inversion had markets tumbling amid concerns of a coming recession, but what is a "yield curve" and how (and/or why) does it invert?
But rather than call it quits, investors may want to stay invested in stocks as the barrage of potentially market-moving events kick off, from China tariffs to Brexit to central bank meetings, which could yield more global interest rate cuts
President Donald Trump told reporters on Tuesday that he’s delaying some tariffs on Chinese imports to give consumers some holiday shopping relief. Short-seller Jim Chanos used his “Diogenes” Twitter account to question his wisdom.
With everyone from DoubleLine Capital’s Jeffrey Gundlach to inverted yield curve disciples now forecasting a recession, it must be time to join the crowd and sell stocks, right? Actually, this is exactly the wrong thing to do right now.
U.S.-China trade tensions could escalate next week following the expiration of an export ban against Chinese telecom giant Huawei
Normally, these signs would be enough to make investors plan for the end of the bull market, even if the market has a habit of rising between the first inversion and the start of a bear. But these aren’t normal times.
U.S. stocks surged Friday as Treasury bond yields finally stopped falling after a volatile week. Still, they couldn’t climb enough to end the week in the black.
U.S. stocks were on the rise Friday, but Wall Street was still on track for weekly losses, as U.S. Treasury yields recovered from multi-year lows and investors continued to track U.S.-China trade negotiations.
U.S. and European stocks surged on Friday on expectations the European Central Bank will cut interest rates but the dollar pared gains against the euro after a report said the German government was prepared to take on new debt to lift the economy. The dollar hit a two-week high against the euro as expectations of ECB stimulus weighed on the single currency and bullish data showing a jump in U.S. homebuilding permits to a seven-month high also helped lift the greenback. The euro rebounded to pare most losses after Der Spiegel magazine said the German government would be prepared to ditch its balanced budget rule and take on new debt to counter a possible recession.
U.S. stocks rebounded on Friday as an ebbing bond rally and news of potential German economic stimulus brought buyers back to the equities market, closing the book on a tumultuous week. Germany's coalition government is willing to suspend its balanced budget rule and take on debt, according to Der Spiegel magazine, raising hopes that Europe's largest economy could steer itself away from recession and cooling worries over a global economic slowdown. David Carter, chief investment officer at Lenox Wealth Advisors in New York, agreed, but added that underlying anxieties remain.
U.S. stock indexes on Friday finished sharply higher, wrapping up a volatile week for Wall Street, marked by concerns about weakening corporate earnings and uncertainty over the health of the U.S. and global economy. The Dow Jones Industrial Average [: DJIA] closed up 307 points, or 1.2%, to 25,886, the S&P 500 index ended 1.4% higher to 2,889, while the Nasdaq Composite Index closed 1.7% higher at 7,896 (on a preliminary basis). For the week, however, the Dow finished 1.5% lower, the S&P 500 ended down 1%, while the Nasdaq retreated 0.8%. The Dow marked its eighth move of at least 1% so far this month, the most 1% moves since December 2018 when it had 12, according to Dow Jones Market Data. Investors will be looking for guidance from central-bank policy makers next week when Federal Reserve officials are slated to meet at the Jackson Hole symposium on Thursday, a day after minutes from the Fed's July 31 policy gathering is released. This past week was marked by heightened anxieties about a domestic recession after the 10-year Treasury rate fell below that of the 2-year Treasury note briefly on Wednesday, a condition that has been an accurate predictor of economic recessions in the months after the so-called yield-curve inversion takes place.
Even as high-probability risks capture the minds of investors, there is a growing combination of lower-probability risks, that could create even more heartburn for investors as the third quarter draws to a close.
The stock market powered higher Friday as fears of a recession went on the back burner. Nvidia and AMD led the Nasdaq. Apple outperformed in the Dow Jones.
Stocks got a boost after a report that Germany's government would be prepared to ditch its balanced budget rule and take on new debt to counter a possible recession. "Germany is now telling us that we are going to have to move forward and spend at a deficit in an effort to keep our economy and the broader economy afloat," said Yousef Abbasi, global market strategist at INTL FCStone Financial Inc in New York.
The Dow Jones Industrial Average gained 278.54 points, or 1.1% to 25,857.93, while the 10-year yield has risen 0.026 percentage point to 1.56%.
If it feels to Wall Street investors that a period of seismic volatility has gripped markets, they aren’t alone.
The octogenarian investment manager who co-founded Mobius Capital Partners last year says the market should do well in this environment.
The Dow Jones Industrial Average rose to session highs Friday morning alongside a climb for government bond yields on the day. The Dow was up 327 points, or 1.3%, at 25,907, the S&P 500 index advanced 1.5% at 2,890, while the Nasdaq Composite Index rose 1.7% to 7,900. The move came as the 10-year Treasury note rose to 1.58% from around 1.51% earlier in the session.
After two weeks of heightened volatility on international currency, trade, and bond market worries, investors and traders may be experiencing some fatigue heading into the weekend. It’s another example of how attuned to trade-related news the market seems to be, given the level of concern about the trade war’s effects on the global economy.
The major stock indexes were sharply higher early Friday, as they looked to end a volatile week with solid gains. Nvidia stock jumped 7%.
Investors are also expecting further interest rate cuts from the Federal Reserve and moves by the European Central Bank next month to fight softening growth. Among stocks, Nvidia Corp jumped 8.3% after posting better-than-expected quarterly profit and revenue, lifting the Philadelphia chip index by 2.23%. The S&P 500 bank sub-sector rose 0.98% as rate-sensitive lenders benefited from U.S. Treasury bond yields easing off their lows.