|Day's Range||7,998.50 - 8,036.94|
|52 Week Range||6,190.17 - 8,339.64|
Chris Konstantinos the chief investment strategist at RiverFront Investment Group said the U.S. economy is solid so don't expect negative interest rates.
The Congressional Budget Office warned that tariff hikes could hurt growth. Yahoo Finance's Adam Shapiro, Scott Gamm, Adam Johnson - Bullseye Brief Author & Publisher and Lee Carter, Maslansky + Partners President discuss.
Dow Jones futures: Wednesday's stock market rally hit resistance at the 50-day, Apple showed relative strength. Splunk, Synopsys, Keysight reported late.
All three major indexes closed higher on Wednesday, as strong earnings from department-store chain Target and home-improvement retailer Lowe’s lifted the stock market.
Bank of America Corp.’s CEO Brian Moynihan says he doesn’t see a recession in the offing because the U.S. consumer remains healthy.
Stocks finish firmly higher Wednesday after minutes from Federal Reserve’s July 30-31 meeting offer few surprises and suggest that the central bank wants to remain flexible in implementing policy changes.
U.S. stocks moved solidly higher following better-than-expected results from retailers Target Corp and Lowe's Cos Inc. Target shares surged 20.4% after the big-box retailer raised its annual earnings forecast. Lowe's shares climbed 10.4% after the home-improvement chain beat profit estimates.
The inversion of the main measure of the yield curve, or a negative spread between short-term and long-term yields, has preceded the last seven recessions. However, that doesn’t mean that recessionary jitters will spark a lasting selloff in equity markets.
U.S. stocks ended higher on Wednesday after the minutes from the Federal Reserve's July meeting showed the U.S. central bank wanted to retain flexibility during future policy decisions. The S&P 500 rose 0.8% to end around 2,924. The Dow Jones Industrial Average climbed 241 points, or 0.9%, to finish around 26,204, based on preliminary numbers. The Nasdaq Composite was up 0.9% to end near 8,020. The minutes showed that the Fed did not view July's rate move as the beginning of a series of cuts, and that they would take a meeting by meeting approach when deciding on further interest rate changes. In company news, shares of Target hit a record on Wednesday after it raised its earnings outlook. Strong retail earnings from retailers including Lowe's and Home Depot this week helped to buoy risk assets and offset worries that the U.S. economy was slowing sharply.
Members of the FOMC agreed that the trade war would “remain a persistent headwind for the outlook,” but would be “guided by incoming information and its implications for the economic outlook.”
Target, the discount retail chain, soared 21% and broke out on Q2 results. The U.S. consumer looks healthy. The Dow Jones, Nasdaq and small caps all rose.
The world’s No. 1 cryptocurrency, bitcoin, has enjoyed a very loose relationship with other assets during its brief history, but that could be changing a recent chart shows.
Wall Street's main indexes rose on Wednesday as upbeat earnings from retailers pointed to strength in U.S. consumer demand, and stocks held gains after minutes from the Federal Reserve's meeting last month showed that policymakers had debated a more aggressive rate cut. U.S. stocks opened solidly higher following better-than-expected results from retailers Target Corp and Lowe's Cos Inc. Target shares surged 19.4% after the big-box retailer raised its annual earnings forecast.
Stocks held most of their gains in afternoon trading Wednesday, as the market made broad gains and indexes traded near session highs. Four Dow stocks made noteworthy moves.
The Dow, which was already trading up on the day thanks to earnings from Target and Lowe’s, got another small boost when the president’s comments were reported.
STOCKSTOWATCHTODAY BLOG Retail Rally. The three major U.S. stock market indexes got a boost from strong earnings from Target and Lowe’s as investors wait for the minutes from the July Federal Reserve meeting to be released at 2 p.
Take-Two Interactive Software’s forthcoming release of Borderland 3 may do better than expectations and drive the company’s stock higher, according to Bank of America Merrill Lynch.
WASHINGTON (MarketWatch) -- The U.S. economy had 501,000 fewer jobs in March 2019 than previously reported, government revisions show, suggesting that hiring was not as strong in the past year as it seemed. Hiring was weaker in retail, restaurants and hotels. The annual revision is much larger than is typically the case. The preliminary revision in 2018, for example, was just 43,000. Every year the Bureau of Labor Statistics updates its figures based on unemployment data that nearly all employers are required to file with the states. The current revision is one of the largest ever.
The stock market perked up Wednesday morning with solid gains. Retailer Target staged a breakaway gap after its strong earnings results.