|Day's Range||7.82 - 8.50|
Facebook is riding the cryptocurrency wave as the S&P 500 continues its consolidation and the British pound slides on renewed Brexit fears.
US crude oil active futures have fallen 0.6% in the last week, possibly dragging down or limiting XOP, XLE, OIH, and AMLP, which have returned -1.4%, 0.7%, 1.3%, and 0.7%, respectively.
Retail Sales, Industrial Production and Capacity Utilization all put up numbers strong enough to keep interest rate cut narratives at bay.
The sudden rally in the market was driven by Federal Reserve Chair Jerome Powell's dovish comments last week that “the Fed will act as appropriate to sustain the expansion.” A CNBC article stated that market traders think there's a 70% chance of an interest rate cut in July and a ~60% chance of three rate cuts in 2019.
On June 13, the US Department of Labor reported its jobless claims report for last week. Initial jobless claims rose 3,000 to 222,000 for the week that ended on June 8—below analysts' expectation of 215,000. What does this say about the prospect of a rate cut?
Market maven and CNBC’s “Mad Money” host Jim Cramer is looking at the charts of the S&P 500 as well as the CBOE Volatility Index and gave credence to Option Pit trading education firm founder Mark Sebastian--he confirmed Sebastian's reading of the charts and that a pullback in stocks could be near. “This action tells Sebastian that the fun may be over, at least for the moment,” Cramer said. “The Volatility Index refusing to go much lower is a problem.
The U.S. economy added 2.6 million jobs in 2018, as employment continued to shine under Donald Trump's presidency. Since U.S. unemployment peaked at around 10% following the 2008–09 financial crisis, the recovery in the job market has dragged the unemployment rate to its lowest level, at 3.9%, since 2000. The unemployment rate dropped even lower to 3.6% in April 2019.
White House Press Secretary Sarah Huckabee Sanders is stepping down at the end of the month President Donald Trump said Thursday afternoon. Sanders, 36, started as deputy press secretary after Trump took ...
Secretary of State Mike Pompeo blamed Iran for attacks on two oil tankers in the Gulf of Oman Thursday and said the incidents are part of a campaign to escalate tension, sending markets lower at the time ...
U.S. markets and stock exchange traded funds bounced higher Thursday after a back-to-back decline as the energy sector helped lift the broader market higher in response to a sharp rise in oil prices, following suspected attacks on oil tankers in the Gulf of Oman. On Thursday, the Invesco QQQ Trust (QQQ) was up 0.4%, SPDR Dow Jones Industrial Average ETF (DIA) was 0.3% higher and SPDR S&P 500 ETF (SPY) rose 0.3%. Crude oil prices surged a day after touching five-month lows after an series of attacks near Iran and the Strait of Hormuz, which sees a fifth of global oil trafficked through, Reuters reports.
Paul Tudor Jones has told Bloomberg that he expects an aggressive but short period of rate cuts by the Fed, which is set to meet on June 18 and 19.
Paul Tudor Jones’s Strategy for Fed Rate CutsTrade war expedites the need for rate cutsBillionaire investor Paul Tudor Jones spoke to Bloomberg today ahead of JUST Capital’s event in New York. He thinks the US-China tariff war has expedited
US Deputy Energy Secretary: No Output Cut in Oil ProductionOil production to be sustainedIn an interview with CNBC, US Deputy Secretary of Energy Dan Brouillette said the US will continue to pump oil at its current rate or even increase its
A Perfect Storm for Gold: All Macro Drivers AlignGold price movementIt has been difficult to predict gold movement this year—economic reports have been more or less mixed and US-China trade deal optimism has curbed gold prices. However, as trade
Popular technology stocks have recently staged a rebound. But segmented money flows show the rally is suspect. Let’s examine the issue with the help of a chart. Chart Please click here for a chart showing money flows in 11 popular tech stocks.
Yahoo Finance Editor-in-Chief Andy Serwer sits down with John Donahoe, president and CEO of ServiceNow, and former president and CEO of eBay.