|Day's Range||26,456.73 - 26,572.20|
|52 Week Range||21,712.53 - 26,951.81|
Attorney General William Barr is set to speak about the Mueller report ahead of its release. Yahoo Finance's Editor-in-Chief Andy Serwer and Alexis Christoforous break down what we can expect with Compass Point Director of Policy Research, Isaac Boltansky.
U.S. stocks ended a choppy session slightly lower as investors considered stronger-than-expected economic data from China and a latest batch of corporate earnings results.
It’s a big week for the IPO market with 8 IPOs pricing this week alone. Yahoo Finance’s Alexis Christoforous speaks to Brian Sozzi about the insurance company Palomar Specialty, which will make its debut on the NASDAQ today.
U.S. retail sales increased by the most in 1-1/2 years in March, the latest indication that economic growth picked up in the first quarter after a false start. "Retail sales really came back roaring. Ahead of the release of the report, U.S. Attorney General William Barr emphasized that Special Counsel Robert Mueller's inquiry found no collusion between President Donald Trump's 2016 campaign and Russia.
U.S. stocks were flat in volatile trading on Thursday, ahead of a long Easter weekend, as another drop in healthcare stocks blunted gains from upbeat industrial earnings and robust retail sales data. U.S. retail sales increased by the most in 1-1/2 years in March, the latest indication that economic growth picked up in the first quarter after a false start. "Retail sales really came back roaring.
The Dow Jones Industrial Average rose on a strong U.S. retail sales report and earnings that came in mostly better than expected. rose 0.5% after the credit card company posted stronger-than-expected first quarter earnings, but rising expenses and rewards program costs ate into its bottom line. Stocks were mixed Thursday after a strong U.S. retail sales report, mostly better-than-expected earnings, and ahead of the release of the redacted Mueller Report on Russian meddling in the 2016 presidential election.
The Philadelphia Fed‘s manufacturing index declines to a reading of 8.5 in April from 13.7 in March.
WASHINGTON (MarketWatch) - American businesses expanded in April at the slowest pace in 31 months, according to IHS Markit's survey of business executives. IHS Markit's flash PMI for services slipped to 52.9 from 55.3, while the manufacturing index was flat at 52.4. Any number over 50 signifies expansion. "The U.S. economy started the second quarter with its weakest expansion since mid-2016 as businesses reported a marked slowing in output, new orders and hiring," said Chris Williamson, chief business economist at IHS Markit. Other economic indicators, however, show a somewhat stronger U.S. economy.
A recent resurgence for stocks after a more than six-month corrective hiatus has many market participants questioning its durability, with trading volumes holding near the lowest levels of 2019.
Stocks are on the rise as investors continue to examine the flow of corporate earnings and new retail sales
U.S. stocks opened higher on Thursday, aided by upbeat results from industrial companies and a stronger-than-expected rise in March retail sales that pointed to a robust domestic economy. The Dow Jones ...
U.S. stocks opened modestly higher Thursday morning as investors weighed a stream of data and economic reports, in the final day of trading this week. (Markets will be closed in observance of Good Friday). The Dow Jones Industrial Average rose 92 points, or 0.4%, at 26,538, the S&P 500 index advanced 0.2% at 2,904, while the Nasdaq Composite Index traded flat at 7,995. All three equity gauges were within striking distance of records. Although investors will be tracking the report linked to Special Counsel Robert Mueller's investigation into Russian election interference during President Donald Trump's 2016 campaign, investors are mostly focused on earnings and the health of the U.S. economy. Thus far, earnings have been OK, with first-quarter earnings improving somewhat, according to CFRA, which said consensus estimates now call for a 2.3% fall in first-quarter operating earnings per share, or EPIS, up from estimates for a 3% drop ahead of the kickoff of earnings season, but down from the 4.5% increase projected at the end of last year. On the economic front, jobless claims slipped by 5,000 to 192,000 in the seven days ended April 13, falling to a 50-year low, the government said Thursday. Economists polled by MarketWatch forecast a 204,000 reading. Separately, A reading of retail sales soared 1.6% last month, the government said Thursday. Economists polled by MarketWatch expected sales to climb 1.1%. On the corporate front, Zoom Video Communications and social-image share site Pinterest Inc. were set to officially go public Thursday. Check out: Live coverage of the Mueller report, Barr news conference
The number of people who applied for unemployment benefits in Mid-April fell for the fifth week in a row to a nearly 50-year low of 192,000, a remarkably small level of layoffs that gives the economy a sturdy foundation on which it can continue to grow despite recent hiccups. Jobless claims slipped by 5,000 to 192,000
Stock-index futures were a little lower as more earnings reports poured in and investors waited for the release of the Mueller report this morning. Also in focus is Pinterest’s initial public offering.
Reports of a potential acquisition by the marijuana company lifted Canopy, while Alcoa, Las Vegas Sands, Snap, and United Rentals were in focus as well.
Sales at U.S. retailers surged in March by the most in a year and a half, the latest in a string of reports suggesting the economy is firming up after a soft spell of growth earlier in the year. Retail sales soared 1.6% last month.
As Washington braces for Thursday’s release of the Mueller report, investing strategists are trying to assess what it could mean for the U.S. stock market.
Global stocks drift lower as investors adopt a cautious stance ahead of the Easter holiday break and prep for the redacted release of the Mueller Report into Russian election meddling later in the session. North Korea's renewal of weapons testing unnerves markets in Asia, while growth and trade concerns keep European stocks in the red amid lighter-than-usual trading volumes. Attorney General William Barr will hold a press conference on the Mueller findings at 9:30 am, with a redacted version of the 400-page report expected to be delivered to lawmakers on Capitol Hill at 11:00 am Eastern time.
DowDuPont Inc. said Thursday it expects its agriculture business to fall short of guidance for the first quarter after severe weather delayed seed deliveries into early April. "Less than 50% of planned seed deliveries in the last 5 days of the quarter occurred, resulting in a greater than anticipated impact on first quarter performance," the company said in a statement. "In this peak delivery period, under normal circumstances and based on history, the division would expect one day of U.S. seed sales to generate about $25 to $35 million in operating EBITDA." The division is now expected to record sales of $3.4 billion and operating EBITDA of about $665 million, down 11% and 25% versus the year-ago period, respectively. For the first half, the division is expecting sales to be down in the low-single digit percent and operating EBITDA to be 3% to 5% below the year-ago period. "Deliveries are on track with current expectations and the revised first half guidance reflects the possibility of reduced planted acres overall, lower than anticipated corn acres, and continued delays to the start of the planting season due to additional weather events," said the statement. The company is sticking with its full-year guidance for sales and operating EBITDA, and expects to overcome the first-half decline through price increases and new product launches, among other factors. Turning to its other businesses, DowDuPont is expecting specialty products to post sales of $5.4 billion, down 3% from a year ago, and operating EBITDA of $1.6 billion, flat versus the year-earlier period. That compares with earlier guidance of net sales and operating EBITDA to be down in the low-single digits. Materials science is expected to post sales of $10.8 billion and operating EBITDA of $1.9 billion, down 10% and 24% respectively. That is in line with previous guidance. Shares fell 0.5% premarket and are down 14.3% in the last 12 months, while the S&P 500 has gained 7.1%.
Stock markets were subdued Thursday as investors digested corporate earnings reports and mixed economic data, with some traders in Europe preparing for a long weekend. London's FTSE 100 fell 0.1% to 7,460 and Frankfurt's DAX rose 0.5% to 12,208. A survey of manufacturing activity in Europe showed the sector stabilized in April after months of declines.
STOCKSTOWATCHTODAY BLOG 7:31 a.m. The Dow Jones Industrial Average looks set for a lower open Thursday as the market awaits the release of the Mueller report. Dow futures have declined 34 points, or 0.