|Day's Range||27,088.90 - 27,227.77|
|52 Week Range||21,712.53 - 27,398.68|
U.S. stock futures climbed Monday morning at the start of a crowded week for corporate earnings. Crude oil prices continued to rise as tensions escalated with Iran.
Asian shares were mostly lower Monday, tracking losses on Wall Street, though a newly launched technology stocks market in Shanghai soared with its trading debut. Regulators have approved 25 companies in information technology and other fields for the STAR Market.
Donald Trump loves telling us all about how great the stock market has done under his leadership. And why not? Despite a few hiccups, it’s been a great run.
The S&P 500 index pared early gains to tread water on Monday, as investors awaited key central bank meetings for direction on the path of interest rates and earnings from marquee names including Facebook and Amazon that are set to report this week. Shares of Boeing Co fell 1.3% after rating agency Fitch revised its outlook on the planemaker to "negative' from "stable", pressuring the blue-chip Dow index, while the tech-heavy Nasdaq was lifted by chipmakers. "Markets are struggling to hold early gains as investors start to fret about key upcoming central bank meetings.
Apple Inc. shares are rising in Monday morning trading after an analyst at Morgan Stanley praised the “attractive” setup heading into the company’s earnings report next Tuesday.
JPMorgan analyst Stephen Tusa thinks General Electric can beat free cash flow guidance for the second quarter because the 737 MAX engines aren’t being delivered.
Asian shares finished 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.
Stocks are rising Monday as investors adjust expectations around a widely anticipated rate cut by the Federal Reserve at the end of the month and brace for a deluge of corporate results after a strong start to earnings season.
The stock market hasn't received much news on China, but Beijing moved the needle over the weekend. China media said trade talks could resume soon.
U.S. stocks rose on Monday, lifted by technology companies, as investors eyed fresh U.S.-China trade developments during a busy week of corporate earnings with results from marquee names including Facebook and Amazon on tap. The South China Morning Post reported U.S. trade negotiators will likely visit China next week for their first face-to-face talk with Chinese officials since the G20 meeting, when Trump held off on fresh tariffs on Chinese goods. Facebook Inc, Amazon.com Inc and Google-parent Alphabet Inc, up between 0.1% and 1%, are reporting between Wednesday and Thursday.
The Nasdaq led stocks higher Monday as three chip stock upgrades sweetened early trade. Disney topped the Dow Jones industrial index.
U.S. stock indexes on Monday kicked off the week with slight gains as investors prepped for a barrage of earnings, including a third of the S&P 500 index and the Dow Jones Industrial Average . The Dow opened up 0.1% at 27,180, a gain of 30 points, the S&P 500 index advanced 0.2% at 2,983, while the Nasdaq Composite Index kicked off Monday trade 0.4% higher at 8,176. All three benchmarks finished Friday's session with weekly losses. There are 144 S&P 500 components expected to report corporate results this week and 10 of the Dow's 30 components, representing the busiest week for the blue-chip index and the second-busiest week for the S&P 500.
Apple Inc. shares are up 0.7% in Monday morning trading after Morgan Stanley's Katy Huberty raised her price target on the stock to $247 from $231, writing that the company has a "low risk" of missing expectations with its September outlook. She's generally upbeat about Apple's June-quarter numbers, which the company will report next Tuesday afternoon. "Investor sentiment continues to surprise us as unusually negative, with call volume throughout the quarter at recent lows despite shares bouncing back ~20% from the May bottom," she wrote. She also expects an acceleration in services revenue for the first time since March 2018. Huberty has an overweight rating on the stock, which has gained 30% so far this year, as the Dow Jones Industrial Average has risen 17%.
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
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The Federal Reserve’s monetary policy has been thrown off course by President Donald Trump’s tweets and relentless push for easier monetary policy.
Shares of American Express Co. slumped Friday, after a positive earnings report and confirmation of its full-year outlook wasn’t quite good enough for the recent rally to record highs to resume.
Shares of DaVita Inc. rallied 4.2% in premarket trading Monday, after the dialysis services company raised its profit outlook, as it looks to update investors ahead of the expected modified "Dutch auction" to buy back up to $1.2 billion worth of its shares. The company said it now expects second-quarter operating income of $460 million to $465 million, which is above the FactSet consensus of $398 million. DaVita also expects second-quarter non-acquired treatment growth of 2.1% and revenue per treatment to increase by about $1.60 from the first quarter to $350. For 2019, the company raised its adjusted operating income guidance to $1.64 billion to $1.70 billion from $1.54 billion to $1.64 billion. Separately, the company said the auction for its shares will be at a price per share of "not less than $53.50 nor greater than $61.50." The stock closed Friday at $56.05. It has gained 9.7% over the past three months, while the SPDR Health Care Select Sector ETF has advanced 6.7% and the Dow Jones Industrial Average has tacked on 2.4%.