^GSPC - S&P 500
| Previous Close | 3,132.52 |
| Open | 3,135.75 |
| Volume | 1711032900 |
| Day's Range | 3,133.21 - 3,143.98 |
| 52 Week Range | 2,346.58 - 3,154.26 |
| Avg. Volume | 3,528,066,875 |
- Yahoo Finance
Fed 'prepared to adjust' balance sheet to prevent repo market flare-up
Fed Chairman Jerome Powell said Wednesday that the Fed could "adjust the details" of its balance sheet policies and repo operations to prevent another flare-up in money markets.
- Yahoo Finance
Why Trump's trade war remains ‘one of the elephants in the room’ for the economy
Markets could see a 5% sell-off if tariffs hit on December 15, strategist says.
- Yahoo Finance
Stock Market 2020: JPMorgan sees the S&P climbing to 3,400
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.
- Yahoo Finance
One thing to watch in today's Fed decision: Morning Brief
Top news and what to watch in the markets on Wednesday, December 11, 2019.
- Bloomberg
Stocks Edge Higher With U.S. Futures; Bonds Drift: Markets Wrap
(Bloomberg) -- Stocks edged higher in Europe along with U.S. equity futures after a mixed session in Asia as investors digested the Federal Reserve’s signal that American interest rates will remain unchanged throughout 2020, while preparing for the European Central Bank’s policy decision. The euro rose for a fourth day.Gains in the Stoxx Europe 600 Index were led by tech and automaker shares. Equities in Hong Kong and Seoul outperformed, while they slipped in Tokyo, Shanghai and Sydney. S&P 500 futures nudged higher after stocks on Wall Street halted a two-day retreat on Wednesday. Treasury 10-year yields stayed close to 1.8% after the Fed’s comments fueled bets that the bar will be high for any interest-rate hikes.The Fed’s moves and outlook were taken as mildly bullish for both Treasuries and stocks on Wednesday. The decision to leave its benchmark unchanged came in the central bank’s first unanimous vote since May, while Chairman Jerome Powell indicated rates will remain steady unless there’s a meaningful change in the economic outlook.Investors now are shifting their focus from Washington to Frankfurt, where Christine Lagarde will give her debut press conference as ECB President on Thursday, having the chance to shake off the shadow of her predecessor, Mario Draghi. Lagarde has pledged a wide strategy review, and said that current monetary stimulus will remain in place.Traders will then likely turn their attention to whether the world’s top two economies can make enough progress on an interim trade deal to avert the U.S. enacting fresh tariffs on Chinese imports. Thursday may bring news as President Donald Trump is expected to meet with his trade team, according to people familiar with the talks.“The fact is the big event risk remains in place, with the world watching to see if the 15% tariffs kick in,” Chris Weston, head of research at Pepperstone Group Ltd., said in a note Thursday. “What the Fed has delivered is about as much as we could have hoped for in this period.”Elsewhere, Hong Kong’s dollar climbed into the strong half of its trading band against the greenback for the first time since July, boosted by elevated borrowing costs in the city. The pound extended gains as the U.K. election got underway.Here are some other key events to watch:The European Central Bank meets to set policy Thursday.The U.K. holds a general election Thursday.And these are the main market moves:StocksThe Stoxx Europe 600 Index gained 0.1% as of 8:17 a.m. London time.Futures on the S&P 500 Index rose 0.1%.Germany’s DAX Index climbed 0.1%.The MSCI Asia Pacific Index advanced 0.6%.CurrenciesThe Bloomberg Dollar Spot Index was little changed.The British pound climbed 0.1%.The euro rose 0.1% to $1.1136.The Japanese yen weakened 0.1% to 108.64 per dollar.BondsThe yield on 10-year Treasuries rose two basis points to 1.81%.Germany’s 10-year yield declined less than one basis point to -0.32%.Britain’s 10-year yield fell one basis point to 0.769%.Japan’s 10-year yield fell two basis points to -0.012%.CommoditiesWest Texas Intermediate crude rose 0.2% to $58.89 a barrel.Gold declined 0.1% to $1,472.90 an ounce.LME zinc gained 1.2% to $2,249.50 per metric ton.\--With assistance from Livia Yap and Carolynn Look.To contact the reporters on this story: Andreea Papuc in Sydney at apapuc1@bloomberg.net;Todd White in Madrid at twhite2@bloomberg.netTo contact the editor responsible for this story: Sam Potter at spotter33@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Reuters
'Black Swan' index flashes yellow: Wall Street is not scared
The options-based Black Swan index may be signaling surging demand from investors for protection against a stock market crash, but Wall Street analysts see little reason to panic. It tracks the implied volatility of deep out-of-the-money options - that is, contracts that need a large move in the market before they come into play - on the S&P 500 . The gauge is also known as the Black Swan index, a reference to the book "Black Swan" by former options trader Nassim Nicholas Taleb that looks at the potentially catastrophic effects of unpredictable events.
- Reuters
GLOBAL MARKETS-Asian shares climb on dovish Fed, but Brexit hurdle looms
Asian stocks rose on Thursday to the highest in a month after the Federal Reserve signalled rate settings were likely to remain accommodative, but the imminent UK election and a deadline for Sino-U.S. trade talks kept investors cautious. The Fed kept interest rates unchanged, as expected, at its policy meeting on Wednesday but indicated interest rates would remain on hold, which nudged Wall Street stocks higher. Japan's Nikkei stock index rose 0.22% and U.S. stock futures edged up 0.1%.
- TheStreet.com
Dow Futures Rise, Dollar Lags After Fed Decision; Trade and Election Risk Cap Gains
Wall Street looks set for modest gains Thursday as investors price in rate support from the Fed while eyeing headline risks on U.S.-China trade talks and Parliamentary elections in Britain.
- Investor's Business Daily
Dow Jones Futures: Lululemon Lags; 3 Key Earnings Reports For Stock Market Rally
Futures: Lululemon Athletica fell late on weak guidance after Apple and chips led Wednesday's stock market rally. Thursday night's Adobe, Broadcom and Costco earnings will be key.
- Reuters
Fed keeps rates on hold, points to 'favorable' economic outlook next year
The U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs will not change anytime soon, with moderate economic growth and historically low unemployment expected to persist through the 2020 presidential election. In its final policy meeting of a tumultuous year, when it was spurred to cut interest rates three times to forestall a slowdown fueled largely by President Donald Trump's trade war, the U.S. central bank struck a remarkably sanguine tone, confident the actions it had taken so far are working. "Our economic outlook remains a favorable one, despite global developments and ongoing risks," Fed Chair Jerome Powell said in a news conference shortly after the release of the latest policy statement and new quarterly economic projections.
- MarketWatch
7 mistakes that can ruin your retirement — and how to avoid them
Warren Buffett once famously said: “You only have to do a very few things right in your life so long as you don’t do too many things wrong.” With that in mind, today I’ll depart from suggesting what you should do to be a successful investor.
- Barrons.com
Costco Reports Earnings Tomorrow. Here’s What to Expect.
Costco stock has had a good year. Shares are up about 45% year to date. Investors hope the strong performance will continue after the company reports earnings after the close of trading Thursday.
- Reuters
Asian shares climb on dovish Fed, but Brexit hurdle looms
Asian stocks rose on Thursday to the highest in a month after the Federal Reserve signalled rate settings were likely to remain accommodative, but the imminent UK election and a deadline for Sino-U.S. trade talks kept investors cautious. The Fed kept interest rates unchanged, as expected, at its policy meeting on Wednesday but indicated interest rates would remain on hold, which nudged Wall Street stocks higher. Japan's Nikkei stock index rose 0.22% and U.S. stock futures edged up 0.1%.
- Barrons.com
GE Stock Is Rising Because One Analyst Finally Got Off the Fence
UBS analyst Markus Mittermaier upgraded GE’s stock to the equivalent of Buy from Hold, taking his price target to $14 from $11.50, about 28% above recent levels. He calls 2020 an “inflection year” for the controversial conglomerate.
- FX Empire
US Stock Market Overview – Stocks Rally Following Fed Decision to Keep Rates Unchanged
CPI climbs more than expected
- Barrons.com
Lululemon Stock Is Dropping After Beating Earnings. Here’s Why.
Lululemon Athletica stock tumbled in after-hours trading on Wednesday, as the company reported third-quarter earnings that beat Wall Street forecasts but presented fourth-quarter guidance that was at the low end of expectations.
- Barrons.com
The Dow Rose 30 Points Because the Fed Didn’t Make a Move
All three major stock indexes closed slightly above the break-even line on Wednesday. The Federal Reserve kept interest rates unchanged following a two-day meeting and indicated that rates will likely stay on hold for the foreseeable future.
- MarketWatch
Oxford Industries shares are flat after results are in line with estimates
Oxford Industries Inc. shares were flat after initially falling 7% in after-hours trading Wednesday after the apparel company behind Tommy Bahama and Lilly Pulitzer reported third-quarter earnings. Oxford Industries reported net income of $1.67 million, or 10 cents a share, compared with net income of $1.86 million, or 11 cents in the year-ago period. Revenue inched up 3% to $241.2 million from $233.7 million a year ago. Analysts surveyed by FactSet had expected earnings of 7 cents a share on revenue of $240 million. Oxford Industries shares are up 4.7% this year. The S&P 500 index has gained 25.3% this year.
- MarketWatch
This is how dangerous ‘dollar-cost ravaging’ can be for your retirement
Dollar-cost averaging is a popular strategy in which an investor purchases an asset at regularly timed intervals to mitigate the risk of buying high. But what about “dollar-cost ravaging?”
