|Day's Range||18.20 - 21.15|
|52 Week Range||10.17 - 50.30|
The Canadian ambassador to the United States says the U.S. will move forward with the formal extradition of Huawei executive Weng Wanzhou. Yahoo Finance's Adam Shapiro, Heidi Chung, and Rick Newman discuss with Lending Tree Chief Economist Tendayi Kapfidze and Rosecliff CEO Mike Murphy.
Existing home sales saw a sharp decline in December, but this Wharton professor says real estate could pick up in 2019. Yahoo Finance's Adam Shapiro and Rick Newman discuss with Lending Tree Chief Economist Tendayi Kapfidze, Rosecliff CEO Mike Murphy, and Wharton School of Finance professor Susan Wachter.
It's day four of the Barrett-Jackson Auction where more than 1,800 cars are up for grabs in Scottsdale, Arizona. Yahoo Finance's Julie Hyman, Adam Shapiro, Brian Sozzi, and Andy Serwer discuss with Barrett-Jackson Auction Company CEO Craig Jackson.
The slow down in global growth, trade wars and US government shutdown could all be catalysts for a recession - and still the US economy remains strong. Yahoo Finance Julie Hyman, Adam Shapiro, Brian Cheung, and Oliver Pursche Chief Market Strategist, Bruderman Asset Management discuss.
The shutdown in Washington continues to have a widespread impact across the federal government. Yahoo Finance's Adam Shapiro, Julie Hyman, Ethan Wolff-Mann, and Brian Sozzi discuss with Zest Labs CEO Peter Mehring.
The Cboe Volatility index has tumbled in recent trade and is on pace for its steepest monthly slide since March of 2016, according to FactSet data. Wall Street's so-called "fear index," uses S&P 500 options to calculate expectations for volatility over the coming 30 days, and tends to trade inversely to stocks. Equity benchmarks, following a bruising 2018, have experienced a mutltiday stock-market rally that has been partly underpinned by hope of a resolution between China and the U.S. on trade relations. That, in turn, has driven the the volatility index sharply lower. Investors tend to use the gauge partly to hedge against declines in the market, with rising prices equating to a higher cost of such coverage. Most recently, the index was at 17.40 and has declined about 31.55% thus far in January (markets are closed on Jan. 21 in honor of Martin Luther King Jr.). That level of decline would represent the most severe for the gauge since it fell 32.12% in March of 2016. The index's drop in 2016 had also been fueled by relief following concerns about the health of the Chinese economy, which continues to be a source of concern for market participants after data out of Beijing has shown clear signs of slowing down. Still, market participants have waxed optimistic that tensions between Beijing and Washington, if resolved, would help to stem any economic contraction in global markets. The VIX's historical average stands at around 19 or 20. The S&P 500 and the Russell 2000 index have both enjoyed the best start to a year since 1987. And all of the main stock indexes, including the Dow Jones Industrial Average and the Nasdaq Composite Index were looking at solid weekly and monthly gains.
Jim Cramer and technician Mark Sebastian review recent volatility in the stock market and explain how the layout has changed.
During December’s market mayhem, the daylight hours were traders’ worst nightmares. On average, the S&P 500 Index would slump marginally overnight, but tumble 1.1 percent from the U.S. open to the close of regular trading hours. Stocks are still averaging a slightly larger drop overnight, but the benchmark index is climbing 0.8 percent on average from the open until the closing bell sounds.