|Day's Range||25,564.63 - 25,883.72|
|52 Week Range||21,712.53 - 26,951.81|
U.S. stocks rallied Friday to solidify another week of gains.
Munger’s comments come after Amazon announced on Thursday that it was canceling plans to build its New York City headquarters in Long Island City, and wouldn’t be seeking a replacement venue.
All three major stock indexes ended the day in the black, buoyed by hope that the U.S. and China are making progress in their trade talks. News that President Donald Trump declared a national emergency to get money for a border wall failed to derail the gains.
MARKET EXTRA U.S. financial markets will pause Monday in observance of Presidents Day — which, technically, is not the name of the holiday. The New York Stock Exchange and Nasdaq will shutter on Feb.
Stocks close higher Friday, with the Dow and the Nasdaq gaining for an eighth straight week, on news of continued progress in trade negotiations between the U.S. and China.
Progress in the U.S.-China trade talks helped send world stock markets broadly higher on Friday and pulled investors out of the safety of government bonds. The Dow Jones Industrial Average rose 443.86 points, or 1.74 percent, to 25,883.25, the S&P 500 gained 29.87 points, or 1.09 percent, to 2,775.6 and the Nasdaq Composite added 45.46 points, or 0.61 percent, to 7,472.41. China and the United States reached a consensus in principle on some key issues during the talks, China's state news agency Xinhua said on Friday.
Wall Street rallied on Friday, with the Dow and the Nasdaq posting their eighth consecutive weekly gains as investors grew hopeful that the United States and China would hammer out an agreement resolving their protracted trade war. All three major U.S. indexes ended the session higher, and for the fourth straight session, the S&P 500 held above its 200-day moving average, a key technical level. Talks between the United States and China will resume in Washington next week, with both sides saying progress has been made toward resolving the two countries' contentious trade dispute.
The Dow Jones Industrial Average rallied Friday to extend its weekly win streak for an eighth week, thanks to big gains from Goldman Sachs and JPMorgan.
The Nasdaq Composite, an index often employed as a proxy for the health of technology and internet-related stocks, was on the verge Wednesday of ending its longest bear market since 1991.
fourth-quarter earnings largely were in line with analysts' forecasts, but the soda and snacks maker said 2019 earnings would fall as the company boosts investments in some of its key consumer products. rose 1.82% after the chip company posted stronger-than-expected fourth-quarter earnings and said sales for its current financial year would top forecasts as key markets in China recover from their current slump.
U.S. stock indexes surged higher on Friday, buoyed by growing optimism that the U.S. and China can strike a trade truce ahead of the March 1 deadline. The Dow Jones Industrial Average rose more than 400 points, closing up 1.7%, the S&P 500 rose 1.1%, while the Nasdaq Composite lagged, rising 0.6%. The Dow booked its eighth straight weekly gain, which would match the longest such streak for the period ended Nov. 3, 2017, according to FactSet data. In political news, tensions rose in Washington D.C. when President Donald Trump declared a national emergency citing a humanitarian crisis at the Southern Border. In economic news, the Empire State manufacturing index rose 4.9 points in February to 8.8 and industrial production fell 0.6% in January, the first decline in eight months.
The Dow Jones Industrial Average is having another bullish week and is likely to rise for an eighth straight weekly advance. But don't ignore small caps.
President Donald Trump has sent a letter to the House and Senate informing them that he has declared a national emergency. The declaration allows the secretary of defense to order units or reservists to active duty to support Department of Homeland Security activities at the southern border and to "engage in emergency construction as necessary to support the use of the Armed Forces and respond to the crisis at our southern border."
Stocks were higher as the Nasdaq today made another attempt to climb above a key price level, but leading stocks struggled to keep pace.
STOCKSTOWATCHTODAY BLOG The Dow Jones Industrial Average is still heading higher, even though President Donald Trump declared a state of emergency. Optimism over trade is overshadowing domestic politics.
Shares of FedEx Corp. sank 3.0% and United Parcel Service Inc. shed 1.3% in midday trade Friday, bucking the gains seen in the broader market, after fellow transportation company XPO Logisitics Inc. said its largest customer is curtailing about two-thirds of its postal injection business. XPO declined to comment on who the customer was, but J.P. Morgan analyst Brian Ossenbeck said the loss of business is likely Amazon.com Inc. taking capacity in-house. Ossenbeck said he could see FedEx and UPS shares "react negatively on the implication that Amazon is reducing third party transportation exposure." The shares were the biggest decliners in the Dow Jones Transportation Average , which rose 0.3%, compared with the Dow Jones Industrial Average's 350-point, or 1.4% gain. Meanwhile, XPO's stock tumbled 16%.
The Dow Jones Industrial Average built a 1.3% gain, while the Nasdaq rose only 0.3%. Small caps also were strong in late morning trade.
Investing.com - The Dow wrapped up the week in strong form Friday, notching an eighth-straight week of gains as optimism that the U.S. and China were closing in on a trade deal triggered a sea of green across Wall Street.