|Day's Range||7,965.90 - 8,006.57|
|52 Week Range||6,190.17 - 8,133.30|
Samantha Azzarello, JP Morgan Chase Global Market Strategist, says “structurally over the long run oil prices are going to be lower,” but could cause “volatility in the short run.” Yahoo Finance’s Alexis Christoforous and Brian Sozzi speak to her and Jared Blikre.
Herman Cain has asked not to be nominated for a seat on the Federal Reserve Board, said President Donald Trump in a tweet on Monday. Cain "has asked me not to nominate him for a seat on the Federal Reserve Board. I will respect his wishes," Trump tweeted. Last week, Cain said he had no plans to withdraw from consideration for a seat. Cain is the former CEO of a pizza company and was a candidate for the Republican presidential nomination in 2012.
Despite upbeat earnings reports so far, the S&P 500 has been trading in a narrow range and was 1.3% below a record high it hit in late September. Earnings reports from about a third of the S&P 500 companies, including Boeing Co, Amazon.com Inc and Facebook Inc, this week would help determine if investors should be concerned about the start of an earnings recession or whether back-to-back quarters of negative growth can be avoided. S&P 500 profits are expected to drop 1.7% year-over-year, according to Refinitiv data, in what could be the first earnings contraction since 2016.
While the major stock market indexes are mixed, with the Dow Jones Industrial Average down slightly and the S&P 500 up slightly, market internals are leaning to the downside. The number of declining stocks are outnumbering gainers by 1,725 to 1,054 on the NYSE and by 1,752 to 1009 on the Nasdaq. Meanwhile, volume in declining stocks represents 53% of total volume on the NYSE and 50% of the volume on the Nasdaq. But while the Dow is down 22 points, or 0.1%, the S&P 500 and Nasdaq Composite are up less than 0.1%.
Despite upbeat earnings reports so far, the S&P 500 has been trading in a narrow range and was 1.3% below a record high it hit in late September. Earnings reports from about a third of the S&P 500 companies, including Boeing Co, Amazon.com Inc and Facebook Inc, this week would help determine if investors should be concerned about the start of an earnings recession or whether back-to-back quarters of negative growth can be avoided.
The Dow Jones Industrial Average is down 0.05% to 26,545.81 at a recent check, while the S&P 500 and Nasdaq Composite are both up by less than 0.1%.
U.S. stocks tilt lower Monday, as investors return from a long Easter weekend to face a heavy earnings calender and important data.
U.S. stocks pulled back slightly on Monday as investors awaited a barrage of major earnings reports this week, the busiest this earnings season, while a jump in energy stocks kept losses in check. The S&P index recorded 8 new 52-week highs and no new low, while the Nasdaq recorded 19 new highs and 30 new lows.
The Dow Jones industrials lagged the major stock indexes early Monday. Boeing stock was one of the worst performers on the Dow 30.
U.S. stocks fell Monday morning ahead of a big week for corporate quarterly results from internet-related stocks, and as oil prices shot higher as the U.S. said it would end waivers for countries importing Iranian crude. The Dow Jones Industrial Average fell 87 points, or 0.3%, at 26,468, the S&P 500 index declined 0.3% at 2,897, and the Nasdaq Composite Index gave up 0.4% at 7,661. All three benchmarks had been near all-time closing highs. The markets are likely to face subdued action as most major indexes were closed at the end of last week in observance of Good Friday and as many European markets are closed in observance of Easter Monday. Meanwhile, the U.S. said it was ending waivers for countries to import Iranian oil, part of the Trump administration's effort to drive Iran's exports to zero, the White House said Monday. The announcement lifted crude prices sharply higher, with West Texas Intermediate crude trading on the New York Mercantile Exchange gaining 2.3% at $65.57 a barrel. The energy sector , meanwhile, was up 1.1%. On the data front, a report on existing home sales for March was due at 10 a.m. Eastern Time. Looking ahead, earnings from Amazon.com Inc. , Twitter Inc. , Facebook Inc. and Microsoft Corp. are expected over the next several sessions.
U.S. stocks edged lower at the open on Monday, weighed down by technology shares, as investors took a cautious stance at the start of what is expected to be the busiest week of the first-quarter earnings season. The Nasdaq Composite dropped 28.69 points, or 0.36%, to 7,969.37 at the opening bell.
Shares of Fastenal, Intuitive Surgical, and Lam Research were getting attention, while the Dow was poised to open lower.
Dow Jones futures: Earnings reports will tackle key stock market questions this week. Can chips keep running and software rally? Will Facebook grow? How costly is the Boeing 737 Max mess?
Eighty companies in the S&P 500 have reported so far. First-quarter earnings growth has decelerated to just 0.5% versus last year’s first quarter.
Global stocks drift lower as major markets remain closed for Easter observances. Oil prices test six month highs amid reports that U.S. waivers on the purchase of Iranian crude will be lifted next week. Global stocks drifted lower Monday, as major markets in Europe and Asia remained closed for Easter celebrations, while oil prices tested six months highs amid reports that the U.S. will end waivers for the purchase of Iranian crude next week.
BEIJING (AP) — World stock markets were mostly lower while oil prices surged for a second day Monday following reports Washington wants to block Iranian exports.
Asian stock markets were mixed Monday following the Easter holiday weekend as investors looked ahead to U.S. and Japanese economic data. Benchmarks in Tokyo and Seoul gained while Shanghai retreated. Hong ...
Major share benchmarks were mostly lower in Asia on Wednesday after China announced its economy grew at a 6.4% annual pace in the last quarter. Japan's Nikkei 225 index gained 0.3% to 22,289.32 and the ...
Wall Street is set to get its first read of 2019 economic growth as investors adopt a rosier economic outlook, following talk of a recession only a few weeks ago.
A recent resurgence for stocks after a more than six-month corrective hiatus has many market participants questioning its durability, with trading volumes holding near the lowest levels of 2019.
Forget Tiger Woods. On Wall Street, Bill Ackman is attempting a comeback for the ages — perhaps by reverting to investing basics.
For investors, though, it’s a dream come true. The Dow Jones Industrial Average gained 147.24 points, or 0.6%, to close at 26,559.54, while the S&P 500 dipped 0.1% to 2905.03, and the Nasdaq Composite advanced 0.2% to 7998.06. Fears of a looming recession induced panic-selling in December and left investors wondering what had happened.