|Day's Range||2.88 - 2.91|
|52 Week Range||2.48 - 3.20|
As we head into earnings season, US equities remain in a confirmed uptrend with small caps leading the charge higher on the Nasdaq, while financials continue to outpace the broader market.
Next week comes with 11 Fed speeches. Meanwhile, this could be the GOP's last chance to repeal Obamacare before the year's over.
Last week’s economic data did little to act as a headwind for the rally in US equities — a rally that seems to defy gravity. Small Business Optimism (NFIB) logged a monthly reading of 105.3 for August, matching the 12-year high set in January of this year.
This week's economic calendar is light. Jackson Hole will dominate and investors will be playing close attention to Yellen's talk on Friday.
Investors are looking over their shoulder. That’s because today is the 30th anniversary of "Black Monday," which is considered the worst day in history for the U.S. stock market. That's when the S&P plunged 20.5% and the Dow tumbled more than 22%. Yahoo Finance’s Alexis Christoforous, Myles Udland and Seana Smith figure out if we at risk of this happening again?
Bitcoin has been on a tear. The cryptocurrency cracked $5,000 last week and has not looked back. Yahoo Finance’s Alexis Christoforous, Justine Underhill, and Myles Udland discuss why people continue buying Bitcoin despite many powerful leaders, including Warren Buffett, coming out against the cryptocurrency.
There has been a flurry of Asian companies going public on U.S. exchanges. In fact, this is the busiest year of IPOs from Asian firms in the US since 2010 and the pace may keep up through the end of next year. Yahoo Finance’s Alexis Christoforous and Editor-in-Chief Andy Serwer figure out why the Nasdaq and New York Stock exchange are targeting these Asian companies.
We've been hearing a lot of warnings from Fed officials about frothy markets and for good reason. Easy borrowing conditions and low rates have led us to record highs in stocks. While the Fed looks dead set on raising rates, it could be setting itself up for a tricky situation, one that has historically led to recession. Yahoo Finance's Justine Underhill has more at the charts.
The September jobs report will be released tomorrow morning. Many economists are expecting the numbers will be heavily skewed by the hurricanes. Alan Valdes, Director of Floor Operations at Silverbear Capital, tells us what investors should be watching.
Donald Trump wants to start rebuilding island by “wiping out” its $70 billion debt to the United States. Yahoo Finance’s Jen Rogers, Andy Serwer, and Rick Newman discuss what this would mean for the global economy.
It's called the land of the free but is anything really free in this world? Yahoo Finance’s Alexis Christoforous, Andy Serwer, and Dan Roberts discuss the true costs of living in America.
Trump's top economic advisor, Gary Cohn, is talking about what the President is willing to negotiate on in terms of his tax proposal. Yahoo Finance’s Alexis Christoforous, Andy Serwer, and Pras Subramanian discuss whether or not Trump’s tax plan will have the support of Democrats.
Millions of Americans look forward to getting a tax refund check every year while others cringe at they amount they still owe the government. Yahoo Finance’s Alexis Christoforous and Nicole Sinclair talk to Yahoo’s Finance’s Rick Newman about why he thinks Americans already get more than what they are paying for.
Treasury Secretary Steve Mnuchin says tax reform will be done by the end of the year and says tax cuts could even be retroactive to the start of 2017. Yahoo FInance’s Alexis Christoforous, Rick Newman, and Justine Underhill discuss whether or not Mnuchin’s plans are possible.
The cryptocurrency is up over 300% this year alone. Yahoo FInance’s Alexis Christoforous, Rick Newman, and Justine Underhill discuss whether or not investors should be cautious about Bitcoin.
President Trump could be tying Harvey relief aid to the US debt ceiling in an effort to decrease the risk of a default. Yahoo Finance’s Seana Smith, Myles Udland, and David Nelson, Chief Strategist at Belpointe Asset Management discuss why Trump has changed his rhetoric from the start of the week.
Keith Bliss of Cuttone and Company joins Yahoo Finance's Jen Rogers from the floor of the New York Stock Exchange to discuss the upcoming meeting among central bankers in Jackson Hole, Wyoming, where Federal Reserve Chair Janet Yellen and European Central Bank head Mario Draghi will speak.
Balances of retirement savings are at an all-time high. The average amount of a 401-K account now stands at $97,700. Yahoo Finance’s Alexis Christoforous, Rick Newman, and Pras Subramanian discuss why 401K balances are at record highs.
Trump wants to reduce the tax rate for corporations and the middle-class. Yahoo Finance’s Alexis Christoforous, Andy Serwer, and Dan Roberts discuss why Trump’s goal to make the wealthiest pay more actual won’t result in the rich paying that much more.
Why are investors scrambling to buy long-term US government bonds when the Federal Reserve is raising interest rates? Yahoo Finance's Alexis Christoforous is joined by Alan Valdes, director of floor operations for Silverbear Capital, from the floor of the New York Stock Exchange to discuss.