|Day's Range||25,101.12 - 25,215.32|
|52 Week Range||21,496.13 - 26,616.71|
Yahoo Finance's LIVE stock market coverage and analysis.
President Trump is attacking critics, and defending his meeting with Vladimir Putin, as he tries to clarify his position on Russia’s meddling in the 2016 election. Yahoo Finance’s Alexis Christoforous, Dion Rabouin and Peter Kenny of Strategic Board Solutions discuss.
Oaktree Capital co-chairman Howard Marks said the U.S. economy was in its 8th inning, indicating it is the final stages of economic expansion, at CNBC's Delivering Alpha conference in New York on Wednesday. "In the later stages of the cycles, people tend to come up with rationalization for why it won't end." With that sentiment in mind, the Dow Jones Industrial Average (DJIA) us up 1.9% year to date, while the S&P 500 index (SPX) has advanced by 5.3% over the same period.
A gauge of global stocks hit a one-month high on Wednesday as Wall Street and European markets churned higher after a raft of strong corporate earnings, while the U.S. dollar hit a three-week high against a basket of major currencies. Markets also responded to a second day of congressional testimony from U.S. Federal Reserve Chairman Jerome Powell, whose upbeat remarks about the economy on Tuesday bolstered the dollar. Powell repeated on Wednesday that rising world protectionism would over time pose a risk to a U.S. and global expansion that currently appears largely on track to continue.
By Lewis Krauskopf NEW YORK (Reuters) - A gauge of global stocks hit a one-month high on Wednesday as Wall Street and European markets churned higher after a raft of strong corporate earnings, while the ...
Many have called the publisher of the Gartman Letter a contrarian indicator. If that’s the case, it’s time to sell!
Home builders broke ground on fewer homes despite strong demand from consumers, signalling high costs and a challenging environment may be taking its toll on production.
•...are all agog on Norwegian Cruise Line Holdings' (NCLH) stock. Stocks are in the green so far Wednesday, with the Dow gaining 0.4% to 25,210.81, while S&P 500 has climbed 0.2% to 2817.00. Markets are scaling the "wall of worry," noted Raymond James analyst Andrew Adams, pointing out that it's not just Facebook (FB), Apple (AAPL), Amazon.com (AMZN), Netflix (NFLX), and Alphabet (GOOGL) or the Faangs doing all the lifting. Jeremy Grantham's renowned asset management firm GMO in February forecast negative 2.2% annualized returns for U.S. large-cap stocks over the next seven years and 1.8% from U.S. bonds.
Here Are Three Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average has closed higher for four straight sessions. Morgan Stanley rose 2.8% after second-quarter earnings smashed analysts' estimates.
NEW YORK (AP) — U.S. stocks are edging higher Wednesday as financial and industrial companies including railroads and airlines climb after a round of strong second-quarter reports. United Continental and Berkshire Hathaway are making their biggest gains in years. Household goods makers are returning a chunk of their recent gains and technology companies are lagging behind the rest of the market.
The S&P 500 gained a quarter of a point, or 0.01%, to 2,809.79 as of 9:37 AM ET (13:37 GMT), while the Dow decreased 10 points, or 0.04%, to 25,109.01 and the tech-heavy NASDAQ Composite was down four points, or 0.06%, to 7,850.33.
BAML (Bank of America Merrill Lynch) conducted a survey that polled 178 global investors with $663 billion in assets under management from July 6–12. According to the survey, fund managers are turning increasingly bearish on corporate and economic performance prospects.
The Dow Jones Industrial Average has struggled for five months to hold onto gains past 25,000. Economist Dennis Gartman says 30,000 is the real milestone to watch. “If these past 6.5 months are indeed going to prove to have been a consolidation phase, then huge gains, perhaps sufficient to carry the Dow to 30,000" are “technically possible,” Gartman said in the letter Wednesday.