|Day's Range||7,343.9702 - 7,381.1602|
|52 Week Range||6,081.9600 - 7,637.2700|
The U.S. dollar has been on a nearly unstoppable uptrend since the start of the second quarter, rising in tandem with government bond yields, while equities got the short end of the stick. Now, investors wonder whether a buoyant buck will derail earnings growth. Since the beginning of April, the ICE U.S. Dollar Index (IFUS:DX-Y.NYB), a popular gauge of the U.S. currency that measures it against six rivals, is up 3.9%.
First Financial Bancorp is a Cincinnati-based financial services firm with operations all over Ohio, Kentucky and Indiana. First Financial Bancorp chart. Until that downtrend line (in dotted red) is crossed over again to the upside, it might be hard to get too excited, generally, about what's happening in this section of the stock market.
U.S. stocks stalled Friday, posting weekly losses as bubbling uncertainty around global trade policies and interest rates limited investors’ appetite for risk. Stocks struggled for traction as investors grappled with geopolitical tensions spurred by new government proposals in Italy, doubts about a coming meeting between the U.S. and North Korea and continuing trade talks with China. “There are a few fires at the moment that investors need to take on board,” said Olivier Marciot, a multiasset portfolio manager at Unigestion.
By Stephen Culp NEW YORK (Reuters) - The S&P 500 ended lower on Friday after a choppy trading session as bank and chipmaker stocks weighed on the index and investors grappled with U.S.-China trade talks. ...
The S&P 500 ended lower on Friday after a choppy trading session as bank and chipmaker stocks weighed on the index and investors grappled with U.S.-China trade talks. China denied accounts by some U.S. officials that it had offered a package to slash the U.S. trade deficit by up to $200 billion, but said the consultations were "constructive," in the latest salvo of tit-for-tat messages to emerge from the high-level meeting. Boeing Co shares rose on hopes for a reduction in the U.S.-China trade deficit, after an American source said the company would be major beneficiary of a narrowed trade gap.
The major U.S. stock indexes finished mixed Friday as declines in banks and technology companies offset gains elsewhere in the market.
Despite a choppy week of trading and a mixed finish for U.S. stocks, the market extended its recent streak of relative calm Friday.
Small-cap stocks are on a roll, hitting a string of records while their large-cap peers remain stuck in a narrow trading range, and the run of outsize gains may just be getting under way. The Russell 2000 (^RUT), the most popular index for small-cap stocks, has risen in 11 of the past 14 trading days, and it posted its third straight record close on Friday. Morgan Stanley said that the U.S. economy was in the later stages of its economic cycle, which it noted had historically been a weak period for small and midcap stocks in past cycles “because wage pressures and other costs tend to hit these companies harder as they have fewer levers to pull to offset” them.
In Europe, political uncertainty in Italy weighed on stocks and bonds as well as on the euro. The U.S. dollar rose for a fifth straight session against a basket of currencies. Investors were digesting moves from earlier in the week, when the benchmark 10-year U.S. Treasury note yield broke above 3.1 percent and oil topped $80 a barrel.
The stock market closed mainly lower Friday, as a weak outlook from Applied Materials roiled the semiconductor sector.
U.S. stocks closed mostly lower on Friday, with major indexes posting modest weekly declines as investors grappled with lingering uncertainty over trade negotiations between the U.S. and China, as well ...
The S&P 500 ended lower on Friday after a choppy trading session as bank and chipmaker stocks weighed on the index and investors grappled with U.S.-China trade talks. The Dow Jones Industrial Average rose ...
Bank and chipmaker stocks helped pull the S&P 500 into negative territory on Friday, capping a week of choppy trading as trade talks with China, rising U.S. government bond yields and increasing oil prices kept investors on edge. "I think everybody's waiting on some sort of direction on American trade talks that are occurring right now," said Oliver Pursche, vice chairman and chief market strategist at Bruderman Asset Management in New York. China denied accounts by some U.S. officials that it had offered a package to slash the U.S. trade deficit by up to $200 billion, but said the consultations were "constructive," in the latest back-and-forth message to emerge from the high-level summit.
The Nasdaq composite held up relatively well in afternoon trading Friday despite broad-based weakness in some semiconductor stocks.
Political uncertainty in Italy weighed on the country's stocks and bonds as well as the euro on Friday, while Wall Street wobbled amid tepid corporate earnings and trade concerns. The U.S. dollar's rally continued, rising for a fifth straight session against a basket of currencies. Investors were digesting asset moves from earlier this week, when the 10-year benchmark U.S. Treasury yields broke above 3.1 percent and oil topped $80 a barrel.
Wall Street edged lower on Friday, weighed down by bank and chip shares as well as a handful of tepid earnings reports, although losses were capped by gains in industrial stocks on signs of progress in Sino-U.S. trade talks. China denied it had offered a package to slash the U.S. trade deficit by up to $200 billion, but dropped an anti-dumping probe into U.S. sorghum imports in a conciliatory gesture as top negotiators meet in Washington. A Chinese foreign ministry spokesman said the consultations were "constructive" as the world's two biggest economies are seeking to bridge a divide on trade issues.
Wall Street slipped on Friday, weighed down by financials and as Alphabet and Applied Materials led technology stocks lower, although losses were limited as industrial shares gained on signs of progress in Sino-U.S. trade talks. A Chinese foreign ministry spokesman said the consultations were "constructive" as the world's two biggest economies are seeking to bridge a divide on trade issues. "There is still a concern around trade talks with China, but ... the stock market is cautiously optimistic that trade talks will lead to a good result," said Chris Zaccarelli, chief investment officer at Independent Advisor Alliance in Charlotte, North Carolina.
While we are maintaining our near-term "neutral/positive" outlook for the major equity indices, it comes with the caveat that some expectation for a possible pause or retracement of recent gains exists as a result of elevated stochastic levels. The indices closed evenly split Thursday, with the S&P 500, Dow Jones Industrial Average, Nasdaq Composite and Nasdaq 100 ending lower on the day as the rest posted minor gains.
The benchmark S&P 500 index fell on Friday, weighed down by losses in shares of Alphabet and Applied Materials, although industrial stocks helped limit losses on signs of progress in Sino-U.S. trade talks. A Chinese foreign ministry spokesman said the consultations were "constructive" as the world's two biggest economies are seeking to bridge a divide on trade issues. "The focus today will be on trade talks as China denied any major reductions in surplus," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
In the previous part of this series, we saw that Mark Mobius believes the long bull run in the US equity market is due for a correction. Mobius said, “The catalyst I believe will come from continuing increases in interest rates. The (Federal Reserve) is definitely moving in that direction.
U.S. stock markets ended lower on Thursday after President Donald Trump expressed doubts about the possibility of successful trade negotiations with China
A big federal deal for Cerner and a management shake up at Baidu helped set the tone for early trade Friday.
U.S. stocks opened slightly lower on Friday due to losses in technology stocks including Applied Materials and Alphabet, while investors kept a close watch on U.S.-China trade talks. The Dow Jones Industrial ...
CNBC's Bob Pisani takes a look at what's moving in early morning trading as uncertainty surrounds trade negotiations and packaged food concerns surface.