|Day's Range||27,145.78 - 27,342.96|
|52 Week Range||21,712.53 - 27,398.68|
Stock futures: After the stock market reversed Friday, Amazon, Facebook, ServiceNow are back to buy points ahead of earnings this week. What should you do?
Asian shares were mostly lower Monday after Wall Street ended last week lower as investors continue to watch for what may be in store for U.S. interest rates.
It’s a big week ahead for the markets. Earnings, economic data, Iran, trade war chatter, and the ECB are all in focus.
If there is volatility, then it will likely remain centered around whether the Fed cuts 25 or 50-basis points. Some investors continue to say that the Fed must take the aggressive route because policymakers have to convince Wall Street that they are truly serious about providing the firepower needed to continue the current 10-year economic expansion.
Powell and Williams are on the same page. They both see the need for a rate cut at the end of July, and they both feel the Fed has to act quickly to support and attempt to steer the economy in the right direction. Their comments last week also indicate that they are both willing to override the models.
Boeing Co. stock rises to its highest level in nearly a month on Friday after Wall Street breathed a collective sigh of relief after the aircraft maker put a relatively paltry price on its 737 Max debacle.
The Federal Reserve’s monetary policy has been thrown off course by President Donald Trump’s tweets and relentless push for easier monetary policy.
One-third of the 30 components of the Dow Jones Industrial Average and roughly the same for the S&P 500 index are due to report in the coming week
The lights have been green for the baby boomers all their lives. They were born just after World War II, between 1946 and 1964, and raised during the biggest, most sustained economic boom in human history.
Jim Cramer says the best time to buy hot growth stocks is when they sink as part of a broad market selloff that's unrelated to the companies that you're interested in. "We have always said that we wanted to buy the best growth stocks we can find when they are knocked down not because of something that happened to them, [but] because of a market wide selloff," Cramer said during an exclusive video-conference call with members of his Action Alerts PLUS club for investors. For example, Cramer said his charitable trust bought high-flying Shopify and Twilio -- which both have massively high forward price-to-earnings ratios - when they got "crushed" on May 6 as part of a major market downturn.
The most significant macro-level directional drivers in recent months—trade policy and central-bank moves—appeared to be baked into the major indexes. The largest one-day move in either direction was a 0.74% drop for the Nasdaq Composite on Friday, while the Dow Jones Industrial Average never closed more than 0.42% away from its opening level. The market is certain that the Federal Reserve will cut interest rates at the end of the month, with the only remaining debate over whether it will be 0.25 or 0.50 of a percentage point from the current target range of 2.25% to 2.50%.
Wall Street’s main stock indexes topped out and started their session-long retreat following a report that the Federal Reserve plans to cut interest rates by only a quarter percentage point at the end of the month.
All three major indexes slipped into the red by the end Friday’s session, weighted down by speculation that the Federal Reserve will cut rates by 25 basis points rather than the 50 basis points investors had expected.
Wall Street's main indexes fell on Friday following a report that the Federal Reserve plans to cut interest rates by only a quarter-percentage point at the end of the month. The benchmark S&P 500 erased earlier marginal gains after a Wall Street Journal report on the Fed's plans.
Major stock indexes posted gains early, but gains faded after Iran reportedly seized a British oil tanker and its 23-member crew in the Gulf.
U.S. stocks closed lower Friday following a report that Federal Reserve officials would only cut interest rates by a quarter percentage point in late July, and after Iran said it seized a British-flagged oil tanker in the Strait of Hormuz.
Boeing will release its Q2 earnings before the market opens Wednesday after the aerospace giant announced it would book a massive charge the grounded 737 Max.
Walmart Inc. is reorganizing some of its leadership team in the wake of the decision to absorb Jet.com into its digital business. In the memo sent to associates, which was also sent to MarketWatch, Greg Smith has been named to head the combined supply chain team, which will bring together supply chain heads for grocery, e-commerce, fleet operations, and other business functions. Nate Faust, who had been leading the e-commerce fulfillment process, will help with this transition and then move to another post within the company, which will be discussed at a later time. Michael Dastugue has been named Walmart U.S. chief financial officer and Steve Schmitt, who is currently the CFO for Sam's Club, has been named U.S. e-commerce CFO. Brandi Joplin, currently chief audit executive, will take on the role of Sam's Club CFO and Todd Sears, currently assistant controller, will become chief audit executive. Ashley Buchanan has been named U.S. e-commerce chief merchandising officer. And Jeff Shotts, who is currently the e-commerce CFO, will now lead the U.S. marketplace business, reporting to Marc Lore. There are now openings for chief experience and strategy officer, chief product officer, and leader of the customer care team. Walmart stock has rallied more than 23% for the year to date while the Dow Jones Industrial Average is up 17% for the period. Read: Walmart CEO McMillon says the retailer has been playing ‘catch up’ in e-commerce
U.S. stocks finished firmly lower Friday, capping the worst week for equities since the end of May, as doubts about the magnitude of an expected rate cut by the Federal Reserve softened the buying mood on Wall Street. The Dow Jones Industrial Average closed down 0.3% at 27,154, off 69 points, the S&P 500 index retreated 0.6% at 2,977, while the Nasdaq Composite Index pulled back 0.7% to end at 8,146. For the week, the Dow booked a 0.7% decline, the S&P 500 finished with a weekly slide of 1.2%, while the Nasdaq logged a 1.2% drop over the five-session period. For all three stock gauges it was the steepest weekly decline since the period ended May 31, according to FactSet data. Reports of Iran seizing oil tankers in the Strait of Hormuz added to uncertainty on the day and Federal Reserve officials attempted moderate comments made by NY Fed boss John Williams, whose comments investors appeared to interpret as implying a 50-basis-point rate cut at the end of this month.
St. Louis Fed President James Bullard said he would take the job of Fed chair if offered, but said he has not been called on to do so.