|Day's Range||2,677.71 - 2,696.58|
|52 Week Range||2,532.69 - 2,940.91|
U.S. stocks close lower Wednesday, with the Dow Jones Industrial Average logging its longest losing streak in three months. S&P 500 falls for fifth day. Oil prices bounced up.
Stocks are starting the day higher as oil prices climb. Yahoo Finance’s Alexis Christoforous speaks with Scott Gamm from the New York Stock Exchange.
Investors can’t seem to catch a break this year amid the S&P 500’s (^GSPC) paltry 2% gain, but some historical market trends are pointing to a strong 2019.
U.S. stocks moved broadly lower in early trading Thursday, extending the market's losing streak into a sixth day. Losses among retailers, homebuilders and health care companies outweighed gains in technology ...
Real estate investment trusts with mall portfolios also dropped. For all the worries assailing investors -- on top of Brexit is the ongoing trade dispute and Italian budget stress -- they are at least receiving a steady message from the U.S. central bank. “The Fed is going to go all the way this time and the market has recognized this all year,” Mike Wilson, Morgan Stanley chief U.S. equity strategist, said on Bloomberg TV.
"The world by and large is leveraged long," says Ray Dalio, who runs the largest hedge fund in the world. Hedge fund magnate Ray Dalio warned investors on Thursday the next bear market could be very painful since most are not prepared for it. "The world by and large is leveraged long," Dalio, who runs the largest hedge fund in the world, said in a panel at the Greenwich Economic Forum in Connecticut.
Walmart, armed with grocery and other online services, is proving it can do battle with Amazon. Like other retailers, Walmart is benefiting from a strong job market and rising consumer confidence. Walmart sales were strong in such areas as fall seasonal goods, toys and fresh food.
The Dow Jones Industrial Average trades lower, led by declines in retailers Walmart Inc. Walmart declined 1% even after after the world's largest retailer posted stronger-than-expected third-quarter earnings and raised earnings guidance for its next fiscal year. rose 3.1% after its fiscal first-quarter earnings and sales topped analysts' expectations.
The Federal Reserve has raised interest rates to a level that’s now starting to put the bite on asset prices, says billionaire investor Ray Dalio in a television interview on Thursday.
Beleaguered MoviePass parent Helios and Matheson Analytics Inc. reported third-quarter results Thursday morning. The company reported a loss of $129.6 million, or a loss of 20 cents per share, compared to a loss of $43.5 million, or a loss of $5.79 per share, in the year-earlier quarter. Helios chalked up the increase in net loss to its acquisitions of MoviePass, Moviefone assets and forming MoviePass Ventures and MoviePass films. Revenue for the quarter was $81.34 million, up from $1.17 million a year ago. Shares of Helios are trading at a mere 2 cents a share, despite the company's 1-to-250 reverse stock split in July. The company proposed a second split in September of 1-for-500 shares in an effort to avoid delisting of its stock, but revealed earlier this week it did not have enough support for the plan. The spectacular rise and fall of MoviePass, its movie subscription service, has Helios looking for ways to solve its Wall Street woes, including a plan to split off the MoviePass business into an independent entity. Helios stock has effectively lost all of its value in the year to date, while the S&P 500 has gained 0.7%.
The stock market lost its mojo in September, and price action since has been pretty ugly. Does this mean the 2009 bull market is over? Based on Elliott Wave theory, the S&P 500 was getting close to completing a 5-wave advance from the February 2016 low.