|Day's Range||2,805.89 - 2,816.76|
|52 Week Range||2,417.35 - 2,872.87|
Stocks higher here. Financials leading the way while the tech-heavy Nasdaq struggles to keep up.
U.S. stock futures pointed lower on Thursday, July 19, and global shares traded mostly to the downside as trade war concerns held down gains. Data from Japan on Thursday illustrated the broader trade war concerns, with exports from the world's third-largest economy to the United States falling 0.9% in June - the first decline in 17 months - even as the country's trade surplus swelled to $5.24 billion thanks to slowing imports of American-made goods. U.S. companies, as well, have begun questioning the impact of Donald Trump's trade policies, according to the Federal Reserve's "Beige Book" survey of regional business sentiment for June.
On a per-share basis, the Downers Grove, Illinois-based company said it had net income of 91 cents. Earnings, adjusted for one-time gains and costs, came to $1.30 per share. The results exceeded Wall Street ...
German owners of the Tesla (tsla) Model S have been ordered by a government agency to repay a 4,000 euros ($4,640) subsidy on electric vehicles, because the cars are too expensive to qualify for the government program. The Federal Office for Economic Affairs and Export Control, which goes by the acronym BAFA, said it has attempted to hold talks with Tesla in recent months on the issue, but has failed to reach agreement. The subsidy is available for electric cars that cost no more than 60,000 euros, which is the list price for the basic Model S. But Tesla has been unable until now to deliver the basic model to its German clients, and more expensive trims do not qualify.
Futures were lower this morning after the Dow’s fifth straight gain and the S&P 500’s fourth advance in five sessions. The Dow has also been up in 12 of the past 14 sessions, while the S&P 500 has closed to within 2 percent of its January all-time high. The Labor Department is out with its report on initial jobless claims at 8:30 a.m. ET, with consensus forecasts calling for an increase of 6,000 to a total of 220,000 for the week ending July 14.
The Kenosha, Wisconsin-based company said it had profit of $3.12 per share. Earnings, adjusted for pretax gains, were $3.11 per share. The results topped Wall Street expectations. The average estimate ...
Global stocks traded modestly lower Thursday, with investors reluctant to add to risk positions amid increasing concerns over the pace of economic growth thanks to ongoing trade disputes with Washington....
Global stock markets were drifting lower Thursday as investors awaited further moves in global trade disputes with the U.S. mulling whether to impose new tariffs on autos and auto parts. Its trading partners ...
Wall Street was poised for a day of mild losses on Thursday, with traders pausing for breath after a five-day rally for the Dow index as they looked ahead to more prominent earnings, including those from Dow components Travelers and Microsoft.
U.S. stock index futures pointed to a negative open on Thursday, as investors tracked further earnings results and monitored political events.
U.S. stocks Wednesday finish mostly higher, with the technology-centric Nasdaq ending oh-so-close to a back-to-back record, as an anecdotal account of business conditions in the Federal Reserve’s 12 districts painted an upbeat picture of the domestic economy.
Investing.com – Asian stocks were mostly higher in morning trade on Thursday, taking cues from Wall Street's advance as banking earnings pushed U.S. equities higher.
The S&P 500 went sideways in the CFD market initially on Wednesday, as the 2800 level should offer a bit of support. If we can stay above that level, the market is likely to continue going higher, perhaps reaching towards the 2880 level.
SEOUL, South Korea (AP) — Asian stock markets were drifting Thursday in mixed trading as investors awaited further moves in global trade disputes.
Global economic growth is poised to pick up this year, though the alarm bells about trade are getting louder. It’s the first meeting of the club that oversees 85 percent of the world economy since President Donald Trump imposed tariffs on China and the European Union, sparking retaliation in the first salvo of a global trade war. Financiers and business leaders from G-20 nations have cautioned about the repercussions of increased protectionism ahead of this weekend’s meetings.
The consistency in Powell’s message on Wednesday was the highlight of his testimony. U.S. Treasury yields rose on Wednesday after Fed Chair Jerome Powell’s testimony. His hawkish message strongly supported the idea that the Fed will raise interest rates at least two more times in 2018. It was a bad day for the U.S. housing sector. U.S. homebuilding fell to a nine-month low in June and permits declined for a third straight month. The Fed’s Beige Book showed that manufacturers in every one of the Federal Reserve’s 12 districts worried about the impact of tariffs, even as the U.S. economy continued to expand at a moderate to modest pace.
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U.S. stocks rose Wednesday as investors parsed another wave of U.S. earnings reports and the Federal Reserve signalled the economy is accelerating. Corporate earnings season is off to a robust start, with about 8% of firms in the S&P 500 having reported so far. Investors hope that earnings season will offer a spark for stocks, which were under pressure for much of June amid trade-related worries.
The deluge of money flooding into and out of passive investments can have a very active effect on stock prices, new research says. The report, from the data and research arm of S&P Global Inc., a major provider of financial-market indexes, is the latest salvo in a long-running debate about the pressure index funds exert on the stocks and bonds they are meant to track. The resurgence of market turbulence this year intensified concerns that an exodus from index funds could trigger an avalanche of forced selling.
Asian stocks closed mixed on Thursday, with some markets losing steam after initially gaining on the back of Wall Street's advance on strong earnings. Chinese equities extended their losing streak. White House economic advisor Larry Kudlow said trade talks with China had stalled.
Much like Blanche DuBois in Tennessee Williams’ play “A Street Car Named Desire,” the U.S. has “always depended on the kindness of strangers,” or at least it has for quite a long time. President Donald Trump’s escalation of the trade war between the U.S. and all our major trading partners has raised concerns that foreigners will respond to Trump’s “America First” protectionism by cutting back on their purchases of U.S. debt. Furthermore, Trump’s tariffs may boost inflation in the U.S. by increasing the cost of imports.
Asian stocks looked set for modest gains after bank earnings pushed U.S. equities higher and Federal Reserve Chairman Jerome Powell said little to alter expectations for another interest rate increase ...