|Day's Range||28,843.31 - 29,288.79|
|52 Week Range||24,323.94 - 29,373.62|
A phase one U.S.-China trade deal, improving global growth signals and fading Brexit uncertainties have lulled many investors into believing the biggest economic risks have been taken fully off the table, according to Deloitte U.S. CEO Joe Ucuzoglu.
With the arrival of coronavirus, information that might have been relevant no longer is. Forget December’s durable-goods orders and fourth-quarter GDP. What really matters is this latest crisis.
U.S. equity markets have experienced downbeat trade this past week as investors keep one eye trained on a deadly flu outbreak in China.
Bill Gates, the Microsoft co-founder, waded deep in to the hotly debated topic of taxing the wealthy to redistribute money to the have-nots — a contentious issue that Sen. Elizabeth Warren has been at the forefront of as she bids to become the 2020 Democratic presidential nominee.
Howard Marks, co-founder of Oaktree Capital Management, who has made billions investing in distressed debt, says that a 2020 election victory likely would be a major relief for Wall Street investors.
Stanley Druckenmiller, one of Wall Street’s most successful investors, acknowledges that the markets are riding high and that investors may be able to finally breathe in the short term after a number of shocks, but says investors should be wary of three events that could knock assets into a bear market.
FEATURE United Airlines stock dropped this week in connection to news of hundreds of confirmed cases of coronavirus, which originated in Wuhan, China. Fears of international contagion have disrupted travel plans worldwide, causing travel stocks to fall.
Republican Sens. Susan Collins of Maine, Mitt Romney of Utah, Lisa Murkowski of Alaska and Lamar Alexander of Tennessee are getting attention as an important step in President Donald Trump’s impeachment trial nears.
Boeing hopes to make some better news as its newest-model 777 jet, the 777X, makes in maiden flight in Washington state, weather permitting, on Saturday.
Stocks fell as the deadly coronavirus spread through China and the world as the Lunar New Year holiday gets underway. A second case of the coronavirus has been found in the U.S.
Stocks slid to their lowest close in over a week Friday on concern the spread of China’s coronavirus may disrupt travel and trade and slow global economic growth.
The Dow Jones sold off on Friday over worries of the China virus outbreak. The market recovered and closed off the lows. Intel rose 8% on earnings.
Eric Toner is a scientist at the Johns Hopkins Center for Health Security and was a part of a simulation, in partnership with the World Economic Forum, that posited such a disease could kill 65 million people within 18 months.
The spread of the potentially deadly coronavirus could be the catalyst for a near-term stock-market pullback, analysts say.
The same global economic volatilities that hurt Procter & Gamble’s earnings this quarter will likewise have an impact on other companies in the household and personal care space, according to an analyst at RBC Capital Markets.
Stocks ended lower Friday, giving up early gains after authorities confirmed a second U.S. coronavirus case. The Dow Jones Industrial Average fell around 170 points, or 0.6%, to end near 28,990, according to preliminary figures, while the S&P 500 lost around 30 points, or 0.9%, to finish near 3,295. The Nasdaq Composite closed near 9,315, off around 88 points, or 0.9%. Analysts said stocks were vulnerable to a pullback as concerns rise about the potential effect of the viral outbreak on global growth. Chinese authorities have moved to restrict movement into and out of several cities, including Wuhan, the center of the outbreak. The spread of the respiratory virus in China and to other countries rattled global markets, fueling fears that the disruption to travel and trade may undermine global economic growth.
On the downside, the key angle to watch into the close comes in at 28788. The Dow stopped just about this angle earlier today.
DOW UPDATE Shares of Dow Inc. and Merck are retreating Friday afternoon, sending the Dow Jones Industrial Average into negative territory. The Dow (DJIA) was most recently trading 133 points lower (-0.
Cannabis advocates are cautiously optimistic that 2020 will be the year that New York state finally legalizes cannabis for adult recreational use, marking a major milestone for the legal business.
The stock market slumped on reports that suggested the CDC would announce a third case of coronavirus in the U.S. It is also keeping an eye on 60 more people who may or may not have the illness.
DOW UPDATE Dragged down by losses for shares of Dow Inc. and Merck, the Dow Jones Industrial Average is falling Friday afternoon. Shares of Dow Inc. (DOW) and Merck (MRK) are contributing to the blue-chip gauge's intraday decline, as the Dow (DJIA) was most recently trading 261 points, or 0.
The stock market traded near session lows in afternoon trading Friday as the Nasdaq composite threatened to end a six-week winning streak.