|Day's Range||1,624.225952 - 1,630.326294|
|52 Week Range||1,349.349976 - 1,630.326294|
Keith Bliss, Drivewealth LLC; Rob Morgan, Sethi; and CNBC's Rick Santelli discuss what drove the markets today as well as areas they're looking to for investment.
The recent outperformance of the Russell 2000 index is a "good indicator" of the U.S. economy's health, says Ben Kirby of Thornburg Investment Management.
Since the stock market's collapse into the February lows, investors have been bombarded by conflicting views and a number of reasons to stay out of the stock market. This week, there were wrinkles in the negotiations, as North Korea reacted poorly to the Libya analogy floated by National Security Adviser John Bolton.
The S&P 500 ended lower on Friday after a choppy trading session as bank and chipmaker stocks weighed on the index and investors grappled with U.S.-China trade talks. China denied accounts by some U.S. officials that it had offered a package to slash the U.S. trade deficit by up to $200 billion, but said the consultations were "constructive," in the latest salvo of tit-for-tat messages to emerge from the high-level meeting. Boeing Co shares rose on hopes for a reduction in the U.S.-China trade deficit, after an American source said the company would be major beneficiary of a narrowed trade gap.
The major U.S. stock indexes finished mixed Friday as declines in banks and technology companies offset gains elsewhere in the market.
Despite a choppy week of trading and a mixed finish for U.S. stocks, the market extended its recent streak of relative calm Friday.
Small-cap stocks are on a roll, hitting a string of records while their large-cap peers remain stuck in a narrow trading range, and the run of outsize gains may just be getting under way. The Russell 2000 (^RUT), the most popular index for small-cap stocks, has risen in 11 of the past 14 trading days, and it posted its third straight record close on Friday. Morgan Stanley said that the U.S. economy was in the later stages of its economic cycle, which it noted had historically been a weak period for small and midcap stocks in past cycles “because wage pressures and other costs tend to hit these companies harder as they have fewer levers to pull to offset” them.
One week doesn’t make a market cycle. Investors who just poured almost $9 billion into U.S. equities can take comfort in that.
The Dow finished slightly higher on Friday, but the S&P 500 and Nasdaq declined. For the week the Dow dropped 0.47%, the S&P 500 fell 0.54% and the Nasdaq declined 0.66%. Comments late Thursday from President Donald Trump suggest the second stage of trade talks between the world's two biggest economies may not provide the kind of relief investors have been looking for over the past few weeks.
U.S. stocks closed mostly lower on Friday, with major indexes posting modest weekly declines as investors grappled with lingering uncertainty over trade negotiations between the U.S. and China, as well ...
Small caps were trying to keep up their momentum Friday morning, while blue chips looked tapped out. The broad Russell 2000 index (RUT) of small caps made a new record high of 1628.42 at the open before easing back, but it remained up 0.1% at around 1627 by midday. Rising stocks slightly outnumbered falling stocks, but volumes were larger on the decliners.
The market has been tough on companies that didn’t quite meet expectations this earnings season, and Friday provided further examples. Deere & Company (NYSE: DE) on Friday became the latest big name to run into that particular buzz saw, missing Wall Street analysts’ average projection for earnings per share with a tally of $3.14 and seeing its shares fall in pre-market futures trading before jumping higher once the market actually opened. This could point to the impact of rising energy prices on big industrial firms, and is something to keep in mind when the next earnings season rolls around in July.
The market has been tough on companies that didn’t quite meet expectations this earnings season, and Friday provided further examples. Deere on Friday became the latest big name to run into that particular buzz saw, missing Wall Street analysts’ average projection for earnings per share with a tally of $3.14 and seeing its shares fall in pre-market futures trading before jumping higher once the market actually opened. In a way, however, Deere was a victim of high expectations, because its earnings were up a lot year-over-year but down vs. the Street’s consensus.
U.S. stock markets ended lower on Thursday after President Donald Trump expressed doubts about the possibility of successful trade negotiations with China
A big federal deal for Cerner and a management shake up at Baidu helped set the tone for early trade Friday.
Investors braced for choppy trade Friday, with U.S. stocks opening flat to slightly lower as the focus remained on U.S.-China trade talks. The S&P 500 shed 0.2%, while the Dow industrials rose around 3 ...
The Russell 2000 Index and the S&P SmallCap 600 Index, two of the most widely followed gauges of smaller domestic companies, have raced to all-time highs this week. Investors looking for small-cap opportunities outside the U.S. may want to consider emerging markets with the SPDR S&P Emerging Markets Small Cap ETF (NYSE: EWX). EWX is down 3 percent year-to-date, a performance that's worse than the loss incurred by the large-cap MSCI Emerging Markets Index and well behind the gains posted by the aforementioned domestic small-cap benchmarks.
Global stock markets were mixed on Friday as U.S. and Chinese officials held a new round of talks seeking to avert a trade war between the world's two largest economies. ASIA'S DAY: Asian stock markets finished mostly higher.
U.S. stock-index futures indicated a higher start for Wall Street on Friday, with investors shaking off some concerns about trade talks between the U.S. and China, as well as persistently higher bond yields. Dow Jones Industrial Average futures (YMM18.CBT) rose 72 points, or 0.3%, to 24,776, while S&P 500 futures (SM8.AX) rose 4.8 points, or 0.2%, to 2,723.50. On Thursday, the Dow (^DJI) slipped 54.95 points, or 0.2%, to 24,713.98, the S&P 500 index (^GSPC) shed less than 0.1% to 2,720.13, and the technology-heavy Nasdaq Composite Index (^IXIC) gave up 0.2% to 7,382.47.
Trump expresses doubt that "spoiled" trading partners will agree favorable terms. Italian shares lead Europe lower as Five-Star/Liga government hopefuls publish fiscal aims. Global stocks steadied Friday, with modest gains in Asia and a positive open in Europe, as investors await news from a key U.S.-China trade summit in Washington and continue to monitor developments in government bond markets on both sides of the Atlantic.
Asian stocks closed mostly higher on Friday. China said it would drop an anti-dumping probe into U.S. sorghum import as bilateral trade talks took place in Washington. Asian shares mostly closed higher on Friday, shrugging off the soggy close seen on Wall Street as investors digested the latest over U.S.-China trade developments.
The Dow Jones Industrial Average slipped today, but it was so small I'm not sure anyone noticed. In today's After the Bell, we: •...explain how the Russell 2000's new all-time high could mean it's time ...