|Day's Range||64.32 - 65.05|
U.S. stock futures followed global equities higher as trade optimism and a decisive win for British Prime Minister Boris Johnson after the U.K. general elections triggered a worldwide risk rally.
The incumbent prime minister Boris Johnson is headed for a clear majority, according to a Reuters exit poll. The Conservative and Unionist Party to which Johnson belongs has won 243 seats, the results published as of press time.
DEEP DIVE (This is the second in a three-part series listing highly rated stocks that sell-side analysts expect to rise the most over the next 12 months. Part 1 covers large-cap stocks and Part 3 covers small-caps.
President Donald Trump signed off on a phase one trade deal with China on Thursday that delays $160 billion in new tariffs on Chinese imports that were scheduled to take effect Sunday, according to Bloomberg reporter Jennifer Jacobs. Trade advisors were meeting Thursday afternoon with Trump to discuss the deal. U.S. negotiators offered to cut tariffs that are already in place on Chinese goods in half and suspend the Dec. 15 tariffs in order to strike a deal, according to Bloomberg.
On the headline Initial Jobless Claims number, we see something of a surprise: a jump of 49K new claims, pushing it to 252K from the previous week's unrevised 203K.
The bullish trends in the S&P 500 index will likely continue heading into the New Year powered by the Fed's accommodative interest-rate policy and a resilient domestic economy.
The Federal Reserve is expected to maintain its target interest rate range at between 1.5% and 1.75% on Wednesday afternoon when it releases its post-meeting statement at 2 p.m. Investors will be watching for any surprise changes to rates and indications from the Fed about where rates could be heading in 2020 after three rate cuts in 2019. The bond market is currently pricing in an overwhelming 97.2% chance the Fed takes no action on rates and just a 2.2% chance if a rate hike, according to CME Group. Tom Essaye, founder of Sevens Research Report, said this week he expects no change to interest rates and very little deviation in the Fed’s statement from a month ago.
Stocks ended Tuesday’s trading session lower in a chopping day of trading following a report that the U.S. and China are looking to delay tariffs set to go into effect Sunday.
Portfolio Manager Bill Hench details which areas of health care he finds attractive for his small-cap deep value strategy Continue reading...
The hustle and bustle of the holidays could open up to more gains in the S&P 500 for the new year as global investment firm JP Morgan is expecting 2020 to be a strong showing for U.S. equities. “The business ...
The Democrat-led U.S. House on Tuesday introduced two articles of impeachment against President Donald Trump, one alleging abuse of power and a second for trying to impede the congressional investigation of that alleged abuse. It is an impeachable offense for a president to use the power of his office to obtain a personal benefit while ignoring or injuring American interests, Rep. Jerry Nadler of New York, chairman of the House Judiciary Committee, said in a short, solemn news conference in Washington.