|Day's Range||8,184.66 - 8,230.67|
|52 Week Range||6,190.17 - 8,264.78|
At an event in Paris, Federal Reserve Chair Jerome Powell talked about speaking to "Main Street as well as Wall Street" as the Fed weighs a rate cut. Yahoo Finance's Brian Cheung, Brian Sozzi, and Alexis Christoforous discuss what to expect from the upcoming Fed meeting.
Dow Jones futures: Netflix dived late after subscriber growth badly missed views. IBM stock and eBay stock signaled possible moves into buy zones on earnings.
All three major U.S. stock indexes slipped on Wednesday as lackluster earnings raised concern about the industrial sector of the economy. Investors are still digesting the comments from President Donald Trump that a U.S.-China trade deal might not happen anytime soon.
U.S. stocks end lower for a second straight session Wednesday as investors digest mixed earnings results and economic data, while a lack of progress on the Beijing-Washington tariff dispute remained a headache.
Ray Dalio is jumping on the gold bandwagon. That’s ultimately the upshot of a nearly 7,000-word screed, written by the founder of Bridgewater Associates in a LinkedIn blog.
U.S. stock indexes fell on Wednesday as weak results from CSX Corp stoked concerns that the protracted trade war between the United States and China could hurt corporate earnings. CSX shares tumbled 10.3%, their biggest one-day drop since 2008, after the rail freight company posted lower-than-expected quarterly profit and cut its full-year revenue forecast.
Investors are pouring money into exchange-traded funds that track junk-rated corporate bonds, using exposure to debt-laden companies as a ‘stock replacement’ strategy
A gauge of global equities retreated for a second straight session and U.S. Treasury yields fell as simmering trade concerns gained steam and the pace of the U.S. corporate earnings season picked up. On Wall Street, CSX Corp was one of the biggest drags on the benchmark S&P 500 index. The results come after U.S. President Donald Trump renewed his threat to tax another $325 billion of Chinese goods on Tuesday, which weighed on stocks.
The Russell 2000 index (RUT) which comprises roughly 2,000 U.S. companies with market capitalizations below $10.1 billion and a median market value of $791 million, hit a record high way back in August of 2018, before entering a bear market that sent the index as much as 27.2% lower last December. Steven DeSanctis, equity strategist at investment bank Jeffries Group, wrote in a note to clients Wednesday that while he doesn’t see the Russell hitting a new record this year, he has raised his year end target for the small-cap index to 1,665, or a 6.4% increase in the second half of 2019, compared with flat growth for the S&P 500. “Our relative valuation model now stands in the 17th percentile, and the last time small was this cheap was back in mid 2003,” he wrote.
The Dow Jones Industrial Average continues to keep the bears at bay. Brazil-based StoneCo is making a solid rebound in recent weeks.
The main U.S. stock indexes were in negative territory as concerns about disappointing earnings reports and continuing trade tensions with China put growth worries front and center.
U.S. stock indexes retreated for the second day on Wednesday as weak results from CSX Corp pressured railroad stocks and highlighted the wide-ranging impact of the protracted trade war between the United States and China. Shares of CSX tumbled 10.7% and were set for their biggest one-day drop in nearly 17 years, after the company posted lower-than-expected quarterly profit and cut its full-year revenue forecast. Rival Union Pacific Corp slipped 5.7%, weighing heavily on the benchmark S&P 500 while Kansas City Southern fell 4.4%.
The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite were all down Wednesday after a batch of lackluster earnings raised concerns about the health of industrial portions of the economy.
U.S. stock indexes fell on Wednesday as weak results from CSX Corp stoked concerns that the protracted trade war between the United States and China could hurt corporate earnings. shares tumbled 10.3%, their biggest one-day drop since 2008, after the rail freight company posted lower-than-expected quarterly profit and cut its full-year revenue forecast. Ongoing trade tensions have contributed to a decline in truck and rail freight volumes in the first half of 2019. The Federal Reserve's Beige Book, a compendium of anecdotes from U.S. businesses, also pointed to trade-related pressures on transportation and manufacturing companies.
U.S. stock indexes tread water at the start of trading Wednesday, with investors finding few reasons to take benchmarks further into record territory, amid a round of earnings from U.S. corporations. The Dow Jones Industrial Average edged 17 points, or less than 0.1%, lower at 27,316, the S&P 500 index retreated less than 0.1% at 3,003, while the Nasdaq Composite Index inched less than 0.1% lower at 8,224. Bank of America reported better-than-expected results, with earnings per share for the quarter at 74 cents, compared with estimates for 71 cents. But expectations for lower profits, in an environment of falling interest rates, have put some pressure on shares of the second-largest bank by assets. Meanwhile, shares of CSX Corp. were down after the rail company cut its full-year sales projections, citing economic uncertainty and a recent shutdown of a major oil refinery it served.
July 17 (Reuters) - U.S. stocks opened flat on Wednesday as trade worries and concerns about the balance of monetary policy and growth outweighed solid results from Bank of America and a boost to chipmakers from Dutch company ASML. The Dow Jones Industrial Average fell 14.72 points, or 0.05%, at the open to 27,320.91. The S&P 500 opened higher by 1.06 points, or 0.04%, at 3,005.10. The Nasdaq Composite gained 1.20 points, or 0.01%, to 8,224.00 at the opening bell.
Global indices retreat as trade woe resurfaces and corporate earnings roll in.
Earnings season is providing some fodder for investors, as is the latest White House commentary on the U.S.-China trade situation.
U.S.companies have been on a stock buyback binge, and now a record share of institutional investors are worried that companies are being too generous with stock repurchases and dividend payouts
Stock futures: The market rally stalled Tuesday on President Trump's China trade war threat. United Airlines and CSX moved late on earnings. Lawmakers continued to grill Facebook, Apple and Amazon.
The equity indices closed mixed Tuesday with positive breadth but negative up/down volume on the NYSE while the Nasdaq's was negative on both accounts. Trading volume increased well above that of the prior few sessions implying a bit of "churn" possibly entering the markets.
Wall Street finished in the red on Wednesday following more subdued trading in global stock markets as investors digested a fresh batch of earnings and Donald Trump damped hopes of a swift resolution to trade talks with China. Wall Street’s S&P 500 shed 0.65 per cent to 2,984.42, slipping from record highs and notching its steepest one-day drop in three weeks. Industrials proved the biggest decliners, down 2.2 per cent, while energy fell 1.2 per cent. Those drops were only partially offset by a 0.4 per cent rise in utilities.
Preventing the U.S. dollar from appreciating too aggressively while repairing credit conditions are 'job freaking one'.