|Day's Range||1,554.11 - 1,598.01|
|52 Week Range||1,436.43 - 1,742.09|
U.S. Secretary of State Mike Pompeo meeting with the Saudi King and Crown Prince over the disappearance of journalist Jamal Khashoggi. Yahoo Finance's Seana Smith, Zack Guzman, Rick Newman, and Brian Cheung discuss with former U.S. Ambassador tor Turkey Robert Pearson.
The Reflex, as 1980s new wave and synth-pop band Duran Duran sang, is a door to finding treasure in the dark. Anyone who was long the market, or particularly momentum stocks, would have profited hugely from this dictum on Tuesday. Momentum itself, which is a style of investing that involves buying stocks that are trending higher and shedding losers, was a prime beneficiary of the broad rebound. MSCI’s US Momentum index, which had lost 10 percent in only seven trading days, clawed back more than a third of its losses.
U.S. stocks rocketed to their biggest gain in six months Tuesday following strong earnings from major financial and health care companies as well as reports showing industrial output and job postings were rising.
It might have been easy to forget this in recent years, but serious volatility as Wall Street's mood pivots is completely normal.
What was a pleasant change in the market though was that for the first time in a month the Russell 2000 had consecutive green days. Typically I show you the chart of IWM relative to the S&P ETF SPY. Today we are going to look at the chart of the S&P relative to the Russell 2000 because that's what I keep a spreadsheet on.
SINGAPORE (AP) — Asian markets were mostly higher on Tuesday, though Chinese benchmarks fell after the government reported inflation rose for the fourth straight month.
Before there was Amazon, there was Sears, America's everything-under-one-roof store and the biggest retailer in the world. WASHINGTON (AP) -- The federal budget deficit has surged to $779 billion in fiscal 2018.
Stocks fell 4 percent last week in the worst plunge since February, and major indices start the week back near July levels. It may be a new week, but the market apparently hasn’t shed all the negative sentiment that characterized last week’s action. Retail sales data for September out this morning didn’t appear particularly helpful, rising just 0.1 percent when Wall Street analysts had been expecting 0.6 percent, on average.
An extended period of calm on the market has ended as investors worry about a surge in interest rates. The benchmark S&P 500 index is coming off a six-day losing streak. Apple and Amazon made big gains as technology and internet companies and retailers recovered some of their recent losses.
Stock markets worldwide rebounded on Friday after a multi-day sell-off but still registered their biggest weekly losses in months, while U.S. Treasury yields rose and the dollar held its gains. Wall Street ...
Stocks rebounded Friday, clawing back some of the week's steep losses, but the turbulent trading of the last few days left no doubt that the relative calm the markets enjoyed all summer had been shattered. ...
Big drops lead to big bounces. That is what we are seeing today. The indices are all up substantially with the technology driven Nasdaq 100 leading with a gain of 2.2%, while the small cap Russell 2000 is lagging with a gain of just 0.
In case you are wondering, the February lows saw Nasdaq's DSI at 9 and the S&P at 10. This is on top of the American Association of Individual Investors weekly survey showing a 15 point drop in bulls, keep in mind the AAII survey didn't even include the last two days. What I haven't discussed much though is Nasdaq's Hi-Lo Indicator.
SINGAPORE (AP) — Asian stocks were mixed on Friday as better-than-expected Chinese trade data gave some markets a breather from worries about the impact of punitive tariffs.
The S&P 500 index falls for the sixth consecutive loss as investors try to gauge the best place to put their money amid concerns over interest rates and trade and signs of slowing global economic growth. WASHINGTON (AP) -- This week's dizzying sell-offs in the financial markets have been a rude reminder that the U.S. economy is no longer relying on ultra-low interest rates to fuel growth. WASHINGTON (AP) -- President Donald Trump on Thursday escalated his attack on the Federal Reserve's interest rate increases, asserting that "the Fed is out of control" and blaming it for this week's plunge in stock prices.
Things did look quite panicky overnight but as the open approaches the computer algorithms anticipated the "buy the dip" trade and had the indices flat at the opening bell. This is technical action that is exacerbated algorithms that are now reversing much of what they have been doing for months. What I'm waiting for are some signs that the big macro moves are slowing and the stock picking will start to matter.
The S&P 500 has tumbled 2.1% to 2727.10, while the Dow Jones Industrial Average has slumped 535.02 points, or 2.1%, to 25,063.72. The Nasdaq Composite has dropped 1.5% to 7313.90. The Nasdaq Composite and the Russell 2000 broke their own 200-day moving averages yesterday.
Hurricane Michael thrashes the Southeast after hitting the Florida panhandle. Yahoo Finance's Dion Rabouin and Seana Smith discuss with The King's College professor Brian Brenberg and FEMA deputy administrator Dr. Daniel Kaniewski.