|Day's Range||1.8080 - 1.8080|
|52 Week Range||1.4290 - 3.0960|
With the end of the year and the decade fast-approaching, Wall Street strategists have begun to deliver their expectations about where the stock market will close out 2020.
U.S. Treasury yields are falling as investors juggle conflicting reports on Monday about the state of trade talks and the prospects for a phase one deal.
The federal government’s budget deficit in October rose 34% from a year earlier to $134.5 billion, putting the U.S. on course to top the $1 trillion mark in fiscal 2020 for the first time in eight years.
Cannacord Genuity strategist Tony Dwyer is once again predicting an S&P 500 retracement. He explains why.
U.S. Treasury yields rise Friday, trimming their week long decline, after an official from the White House suggested negotiations for the phase one trade deal was nearing an end.
Financial markets are overvalued, according to an Oxford Economics forecast, so don’t expect much in the way of gains for stocks even if a recession is avoided.
The cost of goods imported into the U.S. fell sharply in October, reflecting declines in a broad array of goods such as petroleum, food, drinks and consumer electronics entering from China. The import price index sank 0.5% last month.
Sales at gas stations, car dealers and internet stores such as Amazon rose in October, but most other retailers posted weak results just before the start of the holiday shopping season. Retail sales increased 0.3% last month.
On the earnings side, the pendulum also swung for Nvidia Corporation (NASDAQ: NVDA). The stock fluctuated between gains and losses in futures trading after the chipmaker beat analysts’ Q3 earnings and revenue estimates but issued Q4 revenue guidance slightly below Street views. Investors don’t seem to know right away what to make of its results, judging by the stock moves.
The latest downshift in global macro data is providing a not so subtle reminder of the pernicious effect the protracted US-China trade war is having on the worldwide economy.
U.S. Treasury yields slip Thursday as investors eye weakening economic data in Asia, along with geopolitical jitters and uncertainty around a phase one trade deal.
The number of people who applied for jobless benefits last week shot up to a nearly five-month high, but the surprising spike likely stemmed from seasonal quirks just ahead of the holiday season instead of a pronounced increase in layoffs. Initial jobless claims rose by 14,000 to 225,000.
Wall Street futures slipped lower Thursday, following on from a modestly weaker session for global stocks, as investors reacted to reports of a snag in US-China trade talks and mixed data from two of the world's biggest exporters.
The Dow Jones Industrial Average and benchmark S&P500 index both closed at new records Wednesday, helped by a jump in Disney’s stock price, as a five week rally rolled on.
U.S. Treasury yields pull back on Wednesday as uncertainty on how a phase one trade deal will shape up drives investors to take shelter in government paper.
The Dow Jones Industrial Average is fresh off ringing up its ninth all-time high of 2019 but further records for the market may hinge on a series of speeches by arguably the most important catalysts for the stock market.
Americans paid higher prices for gasoline, medical treatment and recreation in October, but inflation more broadly remained low and fairly stable. The consumer price index rose 0.4% in October, with energy accounting for more than half the increase.
U.S. Treasury yields ended mostly flat Tuesday after a speech by President Donald Trump in New York rehashed his disapproval of the Federal Reserve’s measured approach to interest rate cuts, but disappointed in terms of offering concrete details on the state of trade discussions
U.S. stocks mostly ended higher on Tuesday as President Donald Trump suggests a trade deal could happen soon but did not offer much clarity on the possibility of a tariff rollback as part of the agreement.
The U.S. budget deficit jumped 34% in October compared to last year, and it's on pace to top $1 trillion. Federal reserve chair Jerome Powell testifying for the second day on the Hill, warning that the ballooning debt could hamper fiscal policy during economic downturn.. but he said the day of reckoning is still further out. Dan Deming, KKM Financial's Managing Director joins Yahoo Finance's Akiko Fujita on The Ticker.