|Day's Range||9,359.85 - 9,383.72|
|52 Week Range||6,953.23 - 9,393.48|
Netflix is poised to report fourth-quarter results on Tuesday after market close, giving investors their first look at the company’s performance after the launch of new streaming services including Disney+ and Apple TV+.
U.S. stocks head lower on Tuesday, as investors returned from a holiday, but found few reasons to take equities higher following a brisk, record-setting run-up for the major benchmarks.
U.S. stocks opened modestly lower on Tuesday as the stock-market took a breather from its record-breaking climb, amid some worries around muted global growth and a respiratory virus spreading in China. Investors were returning from the holidays on Monday, in observance of Martin Luther King Jr. day. The S&P 500 was down 0.3% to around 3,321. The Dow Jones Industrial Average shed 51 points, or 0.2%, to 29,297. The Nasdaq Composite fell 0.3% to 9,364. Concerns around sluggish global growth resurfaced after the International Monetary fund trimmed its gross domestic product forecast for the world. The outbreak of the coronavirus in China has helped to dampen the mood of investors in Asia, producing sharp declines overnight in Chinese and Hong Kong stock markets. In company news, shares of Halliburton Co. traded higher after the oil services company reported a less severe drop in fourth-quarter revenue than expectations.
The U.S. stock market has enjoyed a nearly uninterrupted assault on records, highlighted by the Dow Jones Industrial Average (DJIA) closing at a milestone above 29,000 for the first time and the S&P 500 (SPX) achieving its own landmark close above the psychological round-number at 3,300, while investors in the Nasdaq Composite Index (COMP) may have their sights trained on 10,000.
Where is this stock market head in the coming days and weeks? That is the trillion-dollar question some nervous strategists, analysts and traders are wrestling with, following a relatively brisk rally for equities to kick off 2020.
Futures fell as Asia markets sold off Tuesday: Earnings season is the next test for the hot stock market rally. Netflix and Texas Instruments earnings are due Tuesday night.
Odds are growing that the U.S. stock market in 2020 will enjoy an excellent year. At least, that’s the belief of those who follow the so-called January Barometer, according to which the market’s January performance foretells its direction for the subsequent 11 months. The statistical case for the January Barometer turns out to be quite weak.
The S&P 500 (see below), DJIA, Nasdaq Composite and Nasdaq 100 made new closing highs Friday as the rest of the indices posted declines. The cumulative advance/decline lines for the All Exchange, NYSE and Nasdaq remain positive and breadth remains healthy. Stochastic levels remain overbought but lack a generation of bearish crossover signals while the VIX at 12.07 remains at support, suggesting potential for some volatility entering the markets.
I think we know, just based on the behavior of this Federal Reserve, that all things being equal a more normalized balance sheet is preferable.
Make no mistake, this market move is not normal, and is not something which should be able to continue technically into and through February without a major hiccup, according to technical analyst Mark Newton
The better-than-expected economic data demonstrated the resilience of the U.S. consumer in keeping the current economic expansion alive, and the solid corporate earnings from U.S. banks points toward the importance of the Fed holding interest rates at favorable price levels.
“When pigs squeal, feed them.” Brad Lamensdorf, portfolio manager for AdvisorShares Ranger Equity Bear ETF, used that expression to describe what he sees in his “Chart of the Week,” which, he says, should have investors hearing alarm bells.
The New York Democrat tweeted her thoughts on “inequality in a nutshell,” in a response to NBC’s coverage of a fresh high for the Dow Jones Industrial Average on Friday.
There’s always an reason to sell, especially if you’re a regular consumer of financial news. Disaster looms around every corner, so say the clickiest headlines. But reasons to buy? Well, those are a bit trickier to track down.
Bitcoin’s price surged nearly 98% in 2019, as measured by futures traded on the CME Group Inc. and is up 23% so far this year. Here’s why.
Legendary investor Howard Marks likes to analyze probabilities and he's determined that when it comes to the stock market, chances of healthy, future returns are falling, he said in an interview with Bloomberg Television.
KEY WORDS ‘The worst thing that clients and investors can do with the market at current levels is pull the plug and go underweight equities. There’s time left on the clock. We still think there’s room for this market to move higher.
Stock investors celebrating the Dow Jones Industrial Average knocking on 29,000’s door should remember what happened exactly 20 years ago. On Jan. 14, 2000, the Dow (DJIA) hit its bull-market high prior to the bursting of the internet bubble.
Almost exactly two years ago, investing legend Ray Dalio turned heads with one of the worst short-term market calls in recent memory. Kevin Muir says a similar scenario could be on the way.
The bond market has been the stock market’s best friend in its run toward Dow 30,000. Low bond yields have induced corporations to borrow. The outpouring of bond supply has been fed by investor demand.
U.S. stocks rose Friday, adding to record prices set on Thursday. Investors were encouraged by strong housing market data in December, as well as China’s better-than-expected industrial production.