|Day's Range||1,494.99 - 1,520.49|
|52 Week Range||1,266.92 - 1,742.09|
Stock futures: Fed rate-cut odds are growing, with markets now betting a September move as likely, as an inverted yield curve unnerves markets.
Major U.S. stock indexes finished mixed Monday after wavering for much of the day as traders tried to make sense of newly pessimistic views on the economy.
Every index chart saw some form of technical weakening while the data is sending a mix of neutral and positive readings. All of the major equity indices closed lower Friday with broadly negative internals on heavy trading volume. The result was every index chart we follow suffered some form of technical damage.
Asian stock prices rebounded Tuesday after global markets slid on worries about U.S. and European economic growth. On Monday, major markets in Europe and Asia tumbled as traders tried to make sense of pessimistic new outlooks on global growth. "Worries about global growth are evident," said Shane Oliver of AMP Capital in a report.
The selling may be particularly painful for U.S. small caps as commodity trading advisers, or CTAs, are set to “flip short” on the Russell 2000 Index by the end of the day, according to Charlie McElligott, a cross-asset strategist at Nomura Securities. As it stands, money managers that follow quantitative strategies are still 50 percent long entering Monday’s trading session, but that should vanish by the day’s end, his models show. The S&P 500 Index had its worst day since early January, and the Russell 2000 fell more than 3.5 percent -- sending the small-cap gauge toward its worst month of underperformance since 2002.
As you can imagine, Friday brought us the worst breadth day in months, although it was really just a continuation of the lagging breadth in the last month, since the Russell 2000 Index peaked on Feb 22. Overall, markets where the Russell outperforms are healthier than those where it doesn't. The Russell did make a lower low on Friday.
FT subscribers can click here to receive Market Forces every day by email. More pressing on the minds of investors is the prospect of the best start to the year for global equities since 2012 being overshadowed. Also of note, the policy sensitive two-year note yield fell below the Federal funds floor of 2.25 per cent today, while the three-year note sits under 2.2 per cent.
Stocks closed broadly lower on Wall Street Friday, erasing the market's gains for the week, as investors became increasingly worried that the global economy is slowing down. Traders shifted money into ...
SINGAPORE (AP) — Stocks fell sharply in Europe on Friday after surveys showed manufacturing in the region slowed in March and amid news that the European Union offered only a brief extension to the Brexit deadline. U.S. markets also appeared headed for a lower open.
Shares were mostly lower in Europe on Thursday and headed for a lower open on Wall Street amid Brexit uncertainties and after the Federal Reserve promised not to raise interest rates this year. Britain's FTSE 100 added 0.3 percent to 7,311, while the DAX in Germany lost 0.9 percent to 11,496. Despite the Fed's promise not to raise interest rates and reports from China that U.S. officials would visit Beijing next week for another round of trade talks, Wall Street looked set to open lower.
The intrinsic value of the stocks in which Ariel Fund and Ariel Appreciation Fund invest may never be recognized by the broader market. The Funds are often concentrated in fewer sectors than their benchmarks, and their performance may suffer if these sectors underperform the overall stock market. Warning! GuruFocus has detected 4 Warning Signs with GIS.
Shares were mostly falling in Europe after a lackluster day of trading in Asia and U.S. markets appeared set for a slightly higher open ahead of the Federal Reserve's policy statement. Germany's DAX sank 1.2 percent to 11,644, dragged down by a profit warning by BMW and a court ruling against Bayer's Roundup weed killer. Britain's FTSE 100 was flat at 7,325.
OUTSIDE THE BOX Tobacco stocks got a bounce earlier this month on news of the resignation of Food & Drug Administration chief Scott Gottlieb. This made sense because he has had it in for vaping, menthol cigarettes and nicotine levels in cigarettes.
Flows into and out of exchange traded funds can be instructive , but not always predictive. There are frequently instances of ETFs experiencing significant departures while those funds climb. The iShares ...
MoviePass, which is owned by Helios & Matheson Analytics Inc. , said Tuesday it was launching a new "uncapped" subscription plan for $9.95 a month for a 12-month subscription, for a limited time. The monthly plan for MoviePass Uncapped is $14.95, for a limited time. The standard price will rise to $19.95 a month when the limited-time offers expire. MoviePass Uncapped includes no cap on the number of 2D movies in MoviePass's theater network, which has more than 30,000 screens in the U.S., a "large" selection of blockbusters and independent films and the ability to reserve tickets three hours before showtime. "We are - and have been - listening to our subscribers every day, and we understand that an uncapped subscription plan at the $9.95 price point is the most appealing option to our subscribers," said Helios & Matheson Chief Executive Ted Farnsworth. "While we've had to modify our service a number of times in order to continue delivering a movie-going experience to our subscribers, with this new offering we are doing everything we can to bring people a version of the service that originally won their hearts." H&M shares gained 1.1% in morning trade. They have lost virtually all their value over the past 12 months, while the Russell 2000 has slipped 0.5% and the S&P 500 has gained 4.8%.
LONDON (AP) — Global stock markets recovered their poise Tuesday after a lackluster session in Asia as investors digested the latest bout of Brexit uncertainty and prepared for a key U.S. Federal Reserve meeting.
With the Mueller investigation over, President Trump is set to focus on the economy. Yahoo Finance’s Editor-in-Chief Andy Serwer tells Alexis that you “can’t argue against the strength in the U.S. economy generally speaking.”
Michael Purves, Weeden & Co Chief Global Strategist, says the Fed could be a key factor in determining risk appetite for investors. Yahoo Finance’s Alexis Christoforous speaks to him, Brian Sozzi and Scott Gamm.
Kate Warne, Edward Jones Investment Strategist, says that if we see dramatically higher inflation, it could “force the Fed to become less patient and potentially raise interest rates.” Yahoo Finance’s Alexis Christoforous speaks to her, Brian Sozzi and Jared Blikre.
Paul Schatz, President and Chief Investment Officer of Heritage Capital, says “the market has priced in what the Fed should have been doing all along” and adds that growth is decelerating but “is just right for right now.” Yahoo Finance's Alexis Christoforous speaks to him, Scott Gamm and Brian Sozzi.
Talley Leger, OppenheimerFunds Investment Strategist, says markets are looking for a continued expression of dovishness from the FOMC, which could decide the direction of U.S. equities. Yahoo Finance’s Alexis Christoforous speaks to him, Jared Blikre and Scott Gamm.