|Day's Range||8,119.23 - 8,151.84|
|52 Week Range||6,190.17 - 8,151.84|
The Dow slid at market open as manufacturing giant 3M (MMM) shares slumped on the heels of disappointing quarterly earnings and guidance.
U.S. stocks slipped amid another busy day for corporate earnings, which featured mixed results from industrial heavyweights Caterpillar and Boeing.
(Reuters) - The tech-heavy Nasdaq index hit a fresh record at the open on Thursday after strong results from Facebook and Microsoft, while a slump in industrial conglomerate 3M weighed on the Dow and limited ...
U.S. stocks Thursday morning trade mixed, with those for the Dow under pressure after disappointing 3M Co. earnings, while healthy gains in the technology sector buoyed the Nasdaq and S&P.
Jeremy Grantham, an investor credited with calling the 2000 and 2008 downturns, told CNBC on Thursday that investors should get inured to lackluster returns in the stock market for the next two decades, after a century of handsome gains.
The tech-heavy Nasdaq index hit a fresh record at the open on Thursday after strong results from Facebook and Microsoft, while a slump in industrial conglomerate 3M weighed on the Dow and limited gains on the S&P. The Nasdaq had hit a life-high of 8,139.551 on Wednesday. The Dow Jones Industrial Average fell 170.68 points, or 0.64%, at the open to 26,426.37.
Shares of Microsoft Corp. shot up 4.7% in morning trade Thursday, as the software behemoth crossed above the $1 trillion market-capitalization threshold intraday for the first time, after fiscal third-quarter results that beat expectations. With 7.663 billion shares outstanding as of April 18, the Microsoft's market cap was $1.003 trillion, to leap-frog past Apple Inc. , which was currently at $975.7 billion. Amazon.com Inc. , which reports earnings after the closing bell, was at $945.1 billion. Microsoft shares have now run up 29% year to date, while the Nasdaq Composite has rallied 23% Dow Jones Industrial Average has climbed 13%
Stocks struggled for direction at the opening bell as the tech-sector's gains led the Nasdaq higher even as disappointing earnings from 3M Co. dragged the blue-chip Dow lower. The S&P 500 was up nearly 0.2% to 2,932. The Dow Jones Industrial Average was down 182 points, or 0.7%, to 26,414. The Nasdaq Composite rose 0.6% to 8,150. Investors were contending with signs of slower global growth after South Korea's first-quarter gross domestic product fell by 0.3%. A component of the Dow, shares of 3M Co. fell close to 10% after the company slashed its 2019 earnings guidance and announced it would cut 2,000 jobs. In other news, shares of Microsoft Co rose nearly 5% after the software giant reported healthy first-quarter results on late-Wednesday.
Dow futures were off, but the S&P 500 and Nasdaq Composite were in line to open higher, as more companies reported their earnings.
LONDON (AP) — Disappointing earnings from 3M, the maker of Post-it notes, industrial coatings and ceramics, is weighing on stocks ahead of Wall Street's open Thursday. The failure of two projected mergers in Europe dented market sentiment, too.
The stock market roars back into record territory, but investment inflows remain a trickle. That’s because investors are already heavily weighted to equities and other risky assets, say Société Générale analysts.
3M cut its earnings outlook, and the stock cratered in premarket trading. Earnings season is rolling along, and profit growth appears to be picking up.
World shares slipped on Thursday as investors digested a mixed bag of European earnings and worries over global growth lingered, while the euro suffered after poor German data and the Swedish crown slumped to its lowest in 17 years. The Euro STOXX 600 fell 0.2 percent, with concerns over the global economy underscored by weak economic data from South Korea rumbling and corporate earnings painting a mixed picture of corporate health across the region. European shares were dragged down by a 10 percent drop in Finnish telecoms equipment maker Nokia, its biggest for 18 months.
Dow Jones futures: Facebook, ServiceNow, Microsoft and Lam Research are big earnings winners, but 3M and Xilinx tumbled. Tesla and Chipotle were up and down.
Global stocks pare gains as weakening data, dovish central bank signals highlight world economic fragility and offset a surprisingly strong US corporate earnings season. Facebook and Microsoft keep tech sector in focus with stronger-than-expected first quarter earnings, setting up Nasdaq Composite for another record run. U.S. equity futures suggest a 150 decline for the Dow, much of it related to an 8.65 slide for 3M after much weaker-than-expected first quarter earnings.
Former Vice President Joe Biden will join a crowded 2020 Democratic presidential race, he confirmed, as expected, with an early Thursday morning video announcement. Biden, 76, is considered among the more high-profile candidates in the early 2020 Democratic primary season, which now features more than 20 individuals vying for the nomination. He had two failed presidential runs before serving as President Barack Obama's vice president. Biden made headlines earlier this spring when faced with accusations from several women that he's made them uncomfortable with unwanted physical contact. Biden responded, short of an apology, critics charged, by saying he understood that social norms have changed and that he needs to be more respectful of the personal space of others.
World equity markets slipped on Thursday amid worries on global growth and as investors digested European earnings, while the Swedish crown slumped to its lowest in 17 years and the euro suffered after German data. The Euro STOXX 600 lost 0.3 percent in early trading, with concern over prospects for global growth underscored by weak economic data from South Korea. Energy stocks and a 10 percent drop in Finnish telecoms equipment maker Nokia dragged down European shares, with a varied bag of earnings for the region's banks.
Stocks in China tumbled on Thursday amid worries that Beijing could pull back on stimulus measures following recent better-than-expected economic data. The Bank of Japan kept monetary policy steady on Thursday, and said it intends to keep interest rates "extremely low" until at least till 2020. The South Korean economy shrank unexpectedly in the first quarter, seeing its worst performance since the global financial crisis.
The Dow Jones Industrial Average fell 0.22% to close at 26,597.05. The S&P 500 lost 0.22% to end at 2927.27, and the Nasdaq Composite slipped 0.23% to close at 8102.01.
Stocks gave up an early gain to finish with modest losses Wednesday as investors continued weighing a steady flow of corporate earnings. Energy and communications companies took some of the biggest losses ...
The S&P 500 slipped on Wednesday after ending the previous session with a record and the Nasdaq failed to hold all-time highs reached earlier in the day while investors waited for more earnings reports. Energy stocks were the biggest drag on the S&P 500 as oil prices fell. While the tech-heavy Nasdaq had help from eBay Inc's upbeat earnings and a chipmaker rally, investors were digesting a mixed bag of reports.
By Herbert Lash NEW YORK (Reuters) - The euro fell against the U.S. dollar on Wednesday after data showed a surprise deterioration in German business morale, raising fears of slowing global growth and ...
The euro fell against the U.S. dollar on Wednesday after data showed a surprise deterioration in German business morale, raising fears of slowing global growth and weighing on a gauge of world equity markets, including Wall Street. The decline in the Munich-based Ifo economic institute's business climate index bucked expectations for a small improvement and sent U.S. Treasury yields lower as investors piled into safe-haven bonds. Premier Li Keqiang in China fed concerns about global growth, saying authorities should not underestimate the difficulties in the Chinese economy.