|Day's Range||7,028.12 - 7,079.63|
|52 Week Range||6,190.17 - 8,133.30|
Jack Bogle, Vanguard founder and father of the index fund, has died. He was 89.
Larry Fink, CEO of world’s largest asset management firm, BlackRock Inc., says that the stock market has probably put in a bottom but that for sentiment to take off the U.S.’s spat with China on trade needs to get resolved.
British Prime Minister Theresa May's government has survived a no-confidence vote called after May's Brexit deal was overwhelmingly rejected by lawmakers. The House of Commons expressed confidence in the government by 325 votes to 306, meaning May can remain in office. Had the government lost, Britain would have faced an election within weeks while preparing to leave the European Union on March 29.
“In 2018, the challenge was to stay appropriately cautious in the face of good news. This year, investment success may require remaining fairly bullish in the face of bad news.”
Banks surged Wednesday following strong results from a slew of financial companies, and U.S. stocks finished broadly higher. Concerns about trade tensions between the U.S. and China derailed a bigger gain. ...
World stock markets rose on Wednesday, with Wall Street's major indexes hitting one-month highs after strong earnings from Bank of America Corp and Goldman Sachs, while the pound rose after British Prime Minister Theresa May's government won a confidence vote in parliament. May can now try to build consensus on an agreement on Britain's departure from the European Union.
Wall Street's major indexes hit one-month highs on Wednesday as strong earnings from Bank of America Corp and Goldman Sachs Group Inc boosted investor sentiment. Goldman Sachs shares surged 9.5 percent, providing the greatest boost to the Dow, after the bank reported quarterly revenue and earnings that topped estimates. The shares registered their biggest daily percentage gain in nearly 10 years.
Wall Street’s longest-serving bank CEO Jamie Dimon on Wednesday said he thinks the consumer and the economy are in good shape and that the U.S.’s relationship with China remains a vital one.
With earnings season well underway, Chief Global Market Strategist Kristina Hooper of Invesco said we can expect to see a “solid earnings growth” to support equities. Yahoo Finance’s Alexis Christoforous speaks to her.
Minneapolis Fed President Neel Kashkari says the central bank is paying attention to Wall Street, and tells Yahoo Finance’s Brian Sozzi there are potential economic risks from the government shutdown. Still, he says interest rates now are ‘pretty close to neutral.’ Yahoo Finance’s Alexis Christoforous speaks with Sozzi about his interview.