|Day's Range||7,003.62 - 7,025.34|
|52 Week Range||6,190.17 - 8,133.30|
Jack Bogle, Vanguard founder and father of the index fund, has died. He was 89.
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.
U.S. stocks dipped at open on Thursday, retreating from one-month highs, hit by losses in financial stocks after Morgan Stanley's weak results and energy shares hurt by a drop in oil prices. The Dow Jones ...
U.S. stocks fell at the opening bell on Thursday, keeping equity indexes on track to break their two-day rally as investors digested another round of bank earnings. The S&P 500 was down 0.3% to 2,608. The Dow Jones Industrial Average shed 47 points, or 0.2%, to 24,159. The Nasdaq Composite slipped 0.4% to 7,011. Investor sentiment was weighed down by resurfacing tensions in U.S.-China relations. And after mixed earnings in the past few days, banks such as Société Générale reported of a sharp drop in trading revenues. Shares of Morgan Stanley fell 4% after it reported the bank's earnings and revenues had fallen short of expectations thanks to weakness in its bond trading division.
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.