|Day's Range||7,428.30 - 7,582.89|
|52 Week Range||6,517.93 - 8,133.30|
Looking for an explanation for October's swift market selloff? Try worries about peak earnings growth on for size.
Take-Two Interactive Software’s (TTWO) revenue fell at a four-year CAGR (compound annual growth rate) of 5% to $2 billion in fiscal 2018, which ended on March 31, 2018. Its net income fell at a four-year CAGR of 3% to $461.3 million. The company’s products are delivered via digital online services and physical retail and other services.
Stock-index futures traded slightly higher Monday as global equities took a cue from a continued recovery in China’s markets. Investors are gearing up for a heavy week of earnings.
STOCKSTOWATCHTODAY BLOG 6:28 a.m. U.S. stocks look set for a higher open Monday morning after a massive rally in China’s markets. The Shanghai Composite jumped 4.1% after China’s leaders announced measures, including details of personal income-tax cuts, that helped shift investor sentiment.
Rising bond yields are putting an end to the “there is no alternative” mantra that provided a pillar of support for stocks. But it might be too soon to underweight equities just yet, some investors argue.
At the end of a tumultuous week, few investors took note that Friday was the 31st anniversary of Black Monday—Oct, 19, 1987. The Dow popped up 548 points on Tuesday, but that amounted to less than a tenth of the percentage change of Black Monday. Black Monday’s significance, more than being the single worst day for stocks in U.S. history, is that it established what became known as “the Greenspan put.” To counter the feared economic impact of a stock-market meltdown, the Fed under then-Chairman Alan Greenspan cut interest rates, stoking a huge bond rally, which led to a recovery in equities.
The Dow Jones Industrial Average gained 104.35 points, or 0.4%, to 25444.34 last week, while the S&P 500 squeaked out a 0.65 point rise to 2767.78, and even the Nasdaq Composite finished off just 0.6%, to 7449.03.
China's economic growth has sunk to a post-global crisis low as officials launch a media blitz to reassure investors about its sagging stock market. Retail spending, factory output and investment all weakened. The National Association of Realtors says sales declined 3.4 percent last month, the biggest drop in 2 ½ years, to a seasonally adjusted annual rate of 5.15 million.
By Rodrigo Campos NEW YORK (Reuters) - Stocks dipped on Friday, dragging a global index into a fourth consecutive weekly loss, while the euro and sterling rallied against the dollar after a report said ...
U.S. stocks gave up an early rally Friday and struggled to another mixed finish as investors continued sell former favorites like retailers. Household goods makers rose again as a week of choppy trading ...
Stocks dipped on Friday, dragging a global index into a fourth consecutive weekly loss, while the euro and sterling rallied against the dollar after a report said Britain is ready to drop a key Brexit ...
The U.S. benchmark S&P 500 stock index edged lower on Friday as strong earnings from Procter & Gamble Co were offset by ongoing concerns about rising interest rates and tensions over trade policy denting economic growth. Shares of Procter & Gamble jumped 8.8 percent after the consumer goods company reported a surprise rise in first-quarter sales. The climb in Procter & Gamble shares lifted the Dow and helped advance the S&P 500 consumer staples index 2.3 percent.