|Day's Range||12.73 - 13.36|
|52 Week Range||8.56 - 50.30|
Payment processing companies like Mastercard Incorporated (MA) and Visa Inc. (V) expect to see a hit in their payment volumes moving forward. Consumer confidence is expected to be impacted by trade tensions.
How do stock-market investors even begin to calculate the impact of an entirely different global political hierarchy, a system where decade-old alliances have fallen by the wayside and former allies begin to look more like competitors and rivals?
U.S. stocks eked out modest gains Wednesday, but the real news may be the lack of price swings across developed-market assets recently. Front-month futures tied to the CBOE Volatility Index closed Tuesday at the lowest since before the record explosion in U.S. equity price swings back in February. Treasury-market implied volatility is moving back toward record lows, a testament to stable expectations about the near-term outlook for the Federal Reserve. Meanwhile, a Deutsche Bank index of estimated developed-world currency swings sits nearly one standard deviation below its 12-month average. “Markets appear rather complacent in the face of the trade tensions, so caution is warranted on directional trades at this point,” Kit Juckes, a Societe Generale strategist, wrote in a note.
After gaining for two consecutive trading weeks, the S&P 500 started this week on a mixed note by losing momentum on Monday. Carrying forward the weakness, the S&P 500 opened lower on July 17. However, the S&P 500 regained strength as the day progressed and closed at 5.5-month high price levels.
The S&P 500 closed at 5.5-month high price levels last week and clocked the second consecutive weekly gain. The S&P 500 opened slightly higher on Monday and traded with mixed sentiment throughout the day. On July 16, eight out of 11 major S&P 500 sectors closed the day lower.
U.S. stocks rose slightly on Friday, putting the S&P 500 at its highest closing level in more than five months, as gains in industrials and other areas offset a drop in financials after results from three of the big banks mostly disappointed. The industrial sector gained 0.6 percent, with Boeing Co, Caterpillar Inc and 3M Co all rose in the absence of any trade rhetoric overnight.
President Trump sounds off on the possibility of facing Joe Biden in 2020. Yahoo Finance's Seana Smith, Dion Rabouin, Dan Roberts and Ethan Wolff-Mann discuss.
Despite criticism from both the right and left, Trump defends his performance during his news conference with Russian President Vladimir Putin. Yahoo Finance's Seana Smith, Rick Newman and Dion Rabouin discuss.
President Trump and Russian President Vladimir Putin took questions from the press after joint meeting. Yahoo Finance's Seana Smith, Andy Serwer and Julia La Roche discuss.