|Day's Range||28,028.32 - 28,290.73|
|52 Week Range||21,712.53 - 28,290.73|
Fed Chairman Jerome Powell described the U.S. labor market as "strong" but not "tight," admitting that the labor market is not as close to maximum employment as it once thought.
With the end of the year and the decade fast-approaching, Wall Street strategists have begun to deliver their expectations about where the stock market will close out 2020.
All three major stock indexes closed with minor gains on Friday after Thursday’s rally. A “phase one” trade deal between the U.S. and China has finally arrived. The U.K., after the election, will likely leave the European Union.
President Donald Trump announces a phase-one trade deal with China on Friday, saying Beijing had agreed to purchases of U.S. goods and will avoid tariffs that had been set to go into place on Sunday.
U.S. stocks closed slightly higher Friday after President Donald Trump and Chinese officials announced a trade pact that includes a rollback of some tariffs, the scrapping of further duties originally set for Sunday, and promises of targeted U.S. agricultural purchases by China.
President Trump tweeted Thursday that China and the U.S. were getting “very close to a [trade] deal.” The stock market immediately rocketed. Then Trump said Friday that he had approved the so-called phase-one trade deal.
The S&P 500 and the Nasdaq Composite finished the week at records Friday but enthusiasm over an announced China-U.S. partial trade deal, which had sparked buying Thursday, faded as investors weighed aspects of the so-called phase-one pact. The Dow Jones Industrial Average closed up about 0.01% at 28,135, missing a record close at 28,164, while the S&P 500 index advanced less than 0.01% to 3,169, enough for a fresh all time high. The Nasdaq Composite Index closed up 0.2% to end at 8,735, marking its second straight all-time closing peak. For the week, the Dow gained 0.4%, the S&P 500 returned 0.7%, while the technology-laden Nasdaq gained 0.9% for the five-day period. Underpinning the week's advance was the easing of fears --at least temporarily--surrounding two of the biggest points of friction for stock-market investors: U.K. elections and trade tensions. The U.S. and China announced a limited agreement Friday to halt the trade war, eliminating tariffs that were set to go into effect Sunday; but some critics worry that the phase-one deal may not accomplish as much to alleviate future trade tensions as had been expected--a point that some say doesn't entirely help business leaders make strategic plans. Meanwhile, a resounding election victory for Prime Minister Boris Johnson's Conservative Party raised hopes for a quick divorce from the European Union. In corporate news, shares of Live Nation Entertainment Inc tumbled after the Wall Street Journal reported that the Justice Department was preparing to take legal action against the company, alleging that it sought to strong-arm concert venues into using its dominant Ticketmaster subsidiary.
The stock market hit record highs hit record highs the China trade deal and other news easing stock market uncertainty. Adobe, Facebook, Lululemon and Tesla were key movers on news
The China trade deal looks much smaller than advertised. But markets should be relieved that President Trump will de-escalate the conflict, trimming tariffs.
DOW UPDATE Shares of American Express and Visa are seeing strong returns Friday afternoon, sending the Dow Jones Industrial Average into positive territory. The Dow (DJIA) was most recently trading 25 points higher (0.
A vote on impeachment by the full House is widely expected to come before Christmas, putting the Republican-led Senate on track to try President Donald Trump in January.
Analyst Emmanuel Rosner isn’t recommending the stock, although he notes that demand is “solid” and that free cash flow can end the year strong.
Friday the 13th is supposed to be scary. It falls way short, at least in terms of the stock market. It turns out that stocks on Friday the 13th trade pretty much as they do on any other day on the calendar.
The Dow Jones Industrial Average whipsawed on news of a "very large" phase-one China trade deal per President Trump's tweet in the stock market today.
Retail giant (COST) beat Wall Street estimates—by a lot. Costco (ticker: COST) might just be a victim of its own success. Wall Street was looking for earnings of $1.71 a share from about $36.4 billion in net sales.
Based on the early price action and the current price at 28129, the direction of the December E-mini Dow Jones Industrial Average futures contract the rest of the session on Friday is likely to be determined by trader reaction to yesterday’s close at 28131.
It’s a nice win for Airbus to be picked for a nonstop, long-distance program by the Australian airline, a master of the long flight. This is an area that is historically a stronghold for Boeing.
Americans spent $528 billion on retail and food services last month on a seasonally adjusted basis, up 0.2% from a year earlier, according to Friday’s report from the Commerce Department. The increase was less than the 0.5% economists surveyed by Bloomberg expected.
DOW UPDATE The Dow Jones Industrial Average is falling Friday morning with shares of Verizon Communications Inc. and Dow Inc. seeing the biggest losses for the price-weighted average. The Dow (DJIA) was most recently trading 50 points, or 0.