|Day's Range||1,627.766846 - 1,639.039307|
|52 Week Range||1,349.349976 - 1,639.040039|
The market feels good as the Dow closes above 25K. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Brian Kelly, Dan Nathan and Guy Adami.
May.21 -- The small cap Russell 2000 is outperforming the large cap S&P 500 year-to-date on trade war fears from earlier this year. But now that trade war tensions are easing, will this continue? On "Charting Futures," Steve Sosnick, chief options strategist at Interactive Brokers, explores the spread between the two through the futures markets, as well as some related trading ideas.
Dow futures pointed to a fresh move above 25,000 for the blue-chip index as investors continued to cheer signs of easing tensions between the U.S. and China.
It’s undeniably good news that the Russell 2000 is at a new all-time high. It may very well be that the broad U.S. market, as represented by indices including the S&P 500 (^GSPC), will soon join the Russell 2000(^RUT) in new all-time high territory. Currently the broad market is still about 5% below highs set in late January — even after a strong rally to start this week.
The Russell 2000 index has gained 6.2% so far this month, much more than the S&P 500’s 3.2% rise, the Dow industrials’ 3.5% rise and the Nasdaq Composite’s 4.6% rise. During the handful of times in the past four decades when the Russell has been the first of the four major indexes to hit a 52-week high after all those indexes went at least 30 days without one, the record has been mixed, according to Jason Goepfert of Sundial Capital Research. Mr. Goepfert found that sometimes stock indexes have all subsequently drifted downward, while sometimes all have gained.
The Russell 2000 has gained 6.2% so far this month, well more than the S&P 500's 3.2% rise, the Dow industrials' 3.5% rise, and the Nasdaq Composite's 4.6% rise. During the handful of times in the last four decades when the Russell has been the first of the four major indexes to hit a 52-week high after all those indexes went at least 30 days without one, the record has been mixed, according to Jason Goepfert of Sundial Capital Research. Mr. Goepfert found that sometimes stock indexes have all subsequently drifted downward, while sometimes all have gained.
U.S. stocks rose on Monday and gains in industrials helped propel the Dow to a more than two-month closing high, after a truce between the United States and China calmed fears that a trade war might be imminent. U.S. Treasury Secretary Steven Mnuchin's comments over the weekend that the two countries had put the prospect of a trade war "on hold" and agreed to hold more talks to boost U.S. exports to China boosted stocks at the opening, with the Dow Jones Industrial Average leading the charge higher.
Industrial and technology companies led stocks to solid gains Monday after the U.S. and China appeared to make significant progress in trade talks. That helped ease concerns among investors that the world's two biggest economies might be headed for a trade war.
The market headlines will celebrate some good gains in the indices due to putting the China trade 'war' on hold, but the move lacked some vigor. It was gap-and-sit action with little chasing after the initial move higher. While breadth was solid at around 2-1 positive, it was not spectacular and there wasn't much indication that market players are concerned about the indices running away to the upside.
The small cap Russell 2000 is outperforming the large cap S&P 500 year-to-date on trade war fears from earlier this year. But now that trade war tensions are easing, will this continue? On "Charting ...
U.S. stocks closed solidly higher on Monday, with industrial stocks leading the market higher as concerns over a potential trade war with China showed signs of fading. The Nasdaq Composite Index added 0.5% to 7,394. The Russell 2000 index of small capitalization stocks rose 0.5%, ending at a record for a fourth straight day.
U.S. small-cap stocks look poised to extend a breakout move higher, especially if oil prices rally further and drive gains in smaller energy companies that have provided leadership in recent weeks, analysts and investors said. The Russell 2000 index of small capitalization stocks was on track for a fourth consecutive record closing high on Monday and registered its third week of gains Friday, sharply outperforming large-cap stocks on Wall Street. The Russell is up 11.8 percent since its Feb. 8 low for the year, while the S&P 500 is up just 5.8 percent since that date.
Global stock markets climbed on Monday, and the U.S. dollar rallied to a five-month peak while the Japanese yen weakened after the United States and China agreed to halt a trade war between the two countries. U.S. Treasury Secretary Steven Mnuchin on Sunday declared the trade battle with China "on hold" after the two countries agreed to drop their tariff threats in favor of hashing out a broader deal.
Boeing, which sells about a fourth of its commercial aircraft to Chinese customers, jumped 3.4 percent, the biggest percentage gainer on the Dow and lifting the blue-chip index higher. General Electric advanced 2.6 percent on an $11.1 billion deal to merge its transportation business with rail equipment maker Wabtec, which jumped about 4.2 percent.
APR 03, 2018 ...and probably here to stay, notes Royce co-CIO Francis Gannon. His advice: tune out the noise about tariffs and rising rates, and instead focus on cyclical small caps with improving earnings and global exposure. Hello, Old Friend... ...
We have presented five ETFs & stocks that have easily crushed the Russell 2000 index this year and are likely to continue their strong performance.
The Russell 2000 index of small-capitalization stocks rose on Monday, advancing to its latest in a series of records as investors cheered an easing of U.S.-China trade tensions. While smaller companies are seen as having less exposure to trade issues, due to their higher concentration of U.S. revenue exposure, the market segment has rallied consistently for weeks, easily outperforming its larger-cap peers. The Dow Jones Industrial Average rose 1.3% while the S&P 500 was up 0.9% and the Nasdaq Composite Index added 1%.
Major stock indexes opened solidly higher Monday after Treasury Secretary Steve Mnuchin on Sunday said a China trade war is "on hold."
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.
There has been one consistent market pattern during the Trump Presidency. The market sells off on concerns such as a conflict with North Korea, the resignation of a key advisor like Gary Cohn or a potential trade war with China, but it then recovers from the drama and ends up higher than when the negative event initially occurred.
SEOUL, South Korea (AP) — Global stock markets rose on Monday as the United States and China put a trade war on hold, clearing some uncertainty for investors.