|Day's Range||2,764.55 - 2,781.58|
|52 Week Range||2,346.58 - 2,940.91|
Market watchers can expect a busy day filled with Fedspeak on Friday.
Oppenheimer Funds' Alessio de Longis joins Yahoo Finance's Adam Shapiro and Akiko Fujita to talk stocks and the economy.
Top stocks Trade Desk and Acacia Communications signaled moves above buy points on strong earnings. Kraft Heinz plunged on weak earnings and an SEC probe. Stamps.com crashed on guidance.
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The Trump administration resumed high-level talks with Chinese officials on Thursday, aiming to ease a trade standoff that's unnerved global investors and clouded the outlook for the world economy. The National Association of Realtors says that sales of existing homes declined 1.2 percent to a seasonally adjusted annual rate of 4.94 million last month, the slowest sales rate since November 2015. SAN FRANCISCO (AP) -- Several companies, including AT&T and Nestle, pulled advertisements from YouTube this week over concerns about inappropriate comments on videos of children.
STOCKSTOWATCHTODAY BLOG Taking a Break. All three major U.S. stock-market indexes slid lower on Thursday amid weaker economic data around the globe and pending uncertainties on the U.S.-China trade talks.
Applied Optoelectronics Inc. shares fell more than 8% in the extended session Thursday after the company issued weaker-than-expected guidance for the first quarter. The company reported fourth-quarter net losses of $8.6 million, or 43 cents a share, compared with net income of $5.7 million, or 28 cents a share, in the year-ago period. Adjusted for items such as stock-based compensation, earnings were 2 cents a share. Revenue fell to $58 million from $79.9 million in the year-ago period. Analysts surveyed by FactSet had estimated adjusted losses of 4 cents a share on revenue of $60.2 million. For the first quarter, analysts model adjusted earnings of 5 cents a share on sales of $64.2 million. The company said it expects adjusted net losses of 18 cents to 29 cents a share on revenue of $50 million to $55 million. Applied Optoelectronics stock has dropped 58% in the past year, with the S&P 500 index rising 3.1%.
Stocks closed lower on Wall Street Thursday, breaking a three-day winning streak for the S&P 500 index. The losses were broad, with health care, financial, energy and communications companies accounting ...
Treasury yields jumped. Futures in Japan, Hong Kong and Australia pointed lower after weaker than expected data from Europe and the U.S. reignited worries about the world economy. Despite increasing confidence a deal can be done, investors shouldn’t expect the stellar run for risk assets to continue at this pace, said Richard Turnill, global chief investment strategist at BlackRock.
Health care and energy companies led U.S. stocks lower Thursday, ending a three-day winning streak for the S&P 500 and giving the benchmark index only its fourth loss this month.
Weak economic reports pressured U.S. stocks on Thursday after the market's recent run of gains, and a drop in healthcare shares added to the bearish momentum. Separate data showed the Philadelphia Federal Reserve's gauge of U.S. Mid-Atlantic business activity declined in February to its weakest level since May 2016, while another report showed U.S. existing home sales dropped last month to the lowest level since November 2015. Recent gains in the market have been driven by hopes of progress in U.S.-China trade talks and dovish signals from the Federal Reserve.
IQiyi shares fell less than 1% in the extended session Thursday after the company beat Wall Street revenue expectations and posted smaller losses than predicted. The Chinese online streaming company reported fourth-quarter net losses of $505.7 million, or 70 cents per American depositary share. Revenue rose 55% to $1 billion. Analysts surveyed by FactSet had estimated losses of 73 cents per ADS on revenue of $972 million. For the first quarter, analysts expect earnings of 63 cents per ADS on sales of $979 million. IQiyi stock has fallen 21% in the past six months, with the S&P 500 index falling 2.7%.
Yahoo Finance Editor-in-Chief Andy Serwer sits down with Alexis Ohanian, co-founder of Reddit and co-founder & managing partner of Initialized Capital. In a wide-ranging interview, Ohanian discusses the role of race in his marriage with tennis great Serena Williams and raising a mixed-raced daughter in America. He expressed his concern about tech regulation and shared his thoughts on the state of cryptocurrencies and what's next for the volatile crypto market. Ohanian talked about his partnership with Dove Men+Care as well as his support for paternity leave in the U.S. Ohanian also weighed in on the 2020 presidential race, sharing his thoughts on a possibility overlooked candidate, Tulsi Gabbard.