|Day's Range||24,664.87 - 24,774.97|
|52 Week Range||20,860.16 - 26,616.71|
Global stocks rallied across the board Monday as investors cheered reports that talks between the U.S. and China appeared to have averted a damaging trade war between the world's two biggest economies....
OK, now look at this recent chart from David Rosenberg of Gluskin Sheff and Associates and ask yourself that very question. Or you could just avoid the stress of trying to time this market and just heed the advice of Jack Bogle, Vanguard founder and the father of index investing: “The idea that a bell rings to signal when investors should get into or out of the market is simply not credible,” he once said. Dow futures (YMM18.CBT) are up nearly 1%, while S&P (ESM18.CME) and Nasdaq (NQM18.CME) futures are also climbing.
U.S. stock futures rose sharply on Monday, May 21, and global stocks rallied as investors reacted to a thaw in the trade war rhetoric between the U.S. and China following a weekend summit in Washington. Treasury Secretary Steven Mnuchin told Fox News on Sunday, May 20, that talks had led to a "hold" on the current trade dispute between the world's largest economies, even if no specific agreement had been reached over the multi-day talks in the U.S. capital. Right now, we have agreed to put the tariffs on hold while we try to execute the framework," Mnuchin said.
Two Market Narratives Look To Duke It Out This Week The major indexes look to be starting the week off with a bang. The S&P 500 (^GSPC) has an implied open above 2,730 for a rise of 0.64% in the premarket session, and the Dow Jones (^DJI) and Nasdaq 100 (^IXIC) ar up 0.85%, for […] The post The Week Ahead – Stocks Break Higher, GE Makes a Move, Revolution Continues in Venezeula appeared first on Market Exclusive.
Treasury Secretary Steve Mnuchin said Sunday that the U.S. would hold off on any tariffs against China as the two countries continue their talks. "We're putting the trade war on hold," Mnuchin said in a Fox News interview on Sunday. The Trump administration had planned to impose $150 billion in tariffs on Chinese goods, a threat that has left investors concerned about global growth prospects this year.
Wall Street stocks were poised to rally on Monday, with Dow futures up 200 points as investors welcomed news of a U.S.-China agreement that could reduce America’s trade deficit with the world’s No. 2 economy. Dow Jones Industrial Average futures (YMM18.CBT) jumped 219 points, or 0.9%, to 24,941, while S&P 500 futures (ESM18.CME) gained 15.5 points, or 0.6%, to 2,728.50, and Nasdaq-100 futures (NQM18.CME) rose 48 points, or 0.7%, to 6,921.75. Last week, both the Dow (^DJI) and the S&P 500 (^GSPC) fell 0.5%, the third weekly decline of the past four for both.
The U.S. dollar has been on a nearly unstoppable uptrend since the start of the second quarter, rising in tandem with government bond yields, while equities got the short end of the stick. Now, investors wonder whether a buoyant buck will derail earnings growth. Since the beginning of April, the ICE U.S. Dollar Index (IFUS:DX-Y.NYB), a popular gauge of the U.S. currency that measures it against six rivals, is up 3.9%.
The Federal Reserve is all but guaranteed to raise interest rates in June, according to many investors and Wall Street economists. Beyond that, the central bank's options are limited by one critical factor, according to one market watcher. "While you have inflation and jobs numbers that are very Fed pleasing, you've got to watch out for that growth number which is expected to be somewhere" in the range of 3 percent, said Todd Colvin, senior vice president at Ambrosino Brothers, on CNBC's " Futures Now " this week.
The Federal Reserve is all but set to raise interest rates in June. Beyond that, the central bank's options are limited by one critical factor, according to one market watcher.
"Sell in May and go away," arguably the most well-worn axiom on Wall Street, has proven to be shrewd advice during previous midterm election years. Though the exact origins of the phrase are ...
After years of being anti drugs, Kiss front-man Gene Simmons is now bullish on pot. "I was judgmental, I was dismissive and a little arrogant -- I was wrong [on cannabis]," Simmons told TheStreet. Simmons says he did research on cannabis and decided to change his tune.
US stock markets pulled back a bit during the week, as we ran into a significant amount of resistance. However, there is major support below, so it will be interesting to see what happens over the next couple of weeks. We have a couple of clear areas to pay attention to.
The US stock markets were flat during trading on Friday, going sideways overall as the markets were looking for some type of direction. There are still concerns about potential trade tensions, and of course interest rates in America. However, when you look at the longer-term charts there is a little bit more clarity.
U.S. stocks stalled Friday, posting weekly losses as bubbling uncertainty around global trade policies and interest rates limited investors’ appetite for risk. Stocks struggled for traction as investors grappled with geopolitical tensions spurred by new government proposals in Italy, doubts about a coming meeting between the U.S. and North Korea and continuing trade talks with China. “There are a few fires at the moment that investors need to take on board,” said Olivier Marciot, a multiasset portfolio manager at Unigestion.
By Stephen Culp NEW YORK (Reuters) - The S&P 500 ended lower on Friday after a choppy trading session as bank and chipmaker stocks weighed on the index and investors grappled with U.S.-China trade talks. ...
On a day stocks were largely unchanged, Campbell Soup announced a dreadful quarter and a CEO departure, and PayPal is making a big acquisition.
Forget the S&P 500 and the Dow Jones Industrial Average. The Standard & Poor’s 500 (SPX) fell 7.16 points Friday to 2712.97, and the Dow Jones Industrial Average (DJIA) rose 1.11 points to 24,715, both ending the week down 0.5%. Down for the week, too, were all the trendy hot stocks. Facebook (FB), Apple (AAPL), Amazon.com (AMZN), Netflix (NFLX) and Alphabet (GOOG) each fell, albeit only slight.
The S&P 500 ended lower on Friday after a choppy trading session as bank and chipmaker stocks weighed on the index and investors grappled with U.S.-China trade talks. China denied accounts by some U.S. officials that it had offered a package to slash the U.S. trade deficit by up to $200 billion, but said the consultations were "constructive," in the latest salvo of tit-for-tat messages to emerge from the high-level meeting. Boeing Co shares rose on hopes for a reduction in the U.S.-China trade deficit, after an American source said the company would be major beneficiary of a narrowed trade gap.
U.S. investors have turned a little less bearish on the stock market, but it isn’t because they’re suddenly optimistic. With Wall Street apparently aimless, showing few pronounced moves in either direction, market participants have apparently followed suit with their views on where things could be headed. According to the AAII Investor Sentiment Survey, just 20.6% of investors describe themselves as bearish, meaning they expect stocks to be lower six months from now.
Small-cap stocks are on a roll, hitting a string of records while their large-cap peers remain stuck in a narrow trading range, and the run of outsize gains may just be getting under way. The Russell 2000 (^RUT), the most popular index for small-cap stocks, has risen in 11 of the past 14 trading days, and it posted its third straight record close on Friday. Morgan Stanley said that the U.S. economy was in the later stages of its economic cycle, which it noted had historically been a weak period for small and midcap stocks in past cycles “because wage pressures and other costs tend to hit these companies harder as they have fewer levers to pull to offset” them.
In Europe, political uncertainty in Italy weighed on stocks and bonds as well as on the euro. The U.S. dollar rose for a fifth straight session against a basket of currencies. Investors were digesting moves from earlier in the week, when the benchmark 10-year U.S. Treasury note yield broke above 3.1 percent and oil topped $80 a barrel.
The Dow finished slightly higher on Friday, but the S&P 500 and Nasdaq declined. For the week the Dow dropped 0.47%, the S&P 500 fell 0.54% and the Nasdaq declined 0.66%. Comments late Thursday from President Donald Trump suggest the second stage of trade talks between the world's two biggest economies may not provide the kind of relief investors have been looking for over the past few weeks.
U.S. stocks closed mostly lower on Friday, with major indexes posting modest weekly declines as investors grappled with lingering uncertainty over trade negotiations between the U.S. and China, as well ...