|Day's Range||43.80 - 43.80|
Yahoo Finance's Brian Sozzi, Alexis Christoforous and Jared Blikre discuss the latest market action with Diamond Hill Capital Management’s John McClain and Whittier Trust's CIO Sandip Bhagat on The First Trade.
As Americans gear up for Thanksgiving, Butterball is offering turkey cooking tips through their national and toll-free "turkey talk-line." Butterball Turkey Talk-Line Supervisor Carol Miller joins Yahoo Finance's Zack Guzman and Brian Cheung, along with QVIDTVM Inc. Director of Research Max Raskin, to discuss.
With the end of the year and the decade fast-approaching, Wall Street strategists have begun to deliver their expectations about where the stock market will close out 2020.
Expectations are running high for a preliminary U.S.-China trade pact before more tariffs are levied against Beijing next week, but plenty of other factors in December will keep investors on the edge of their seats.
Confidence is soaring among small business owners. But one group of small business owners is becoming more pessimistic about America’s economy — small business manufacturers.
Elevated net short positions in Cboe Volatility Index futures are reminiscent of a similar spike in 2017, when prolonged calm in U.S. stocks prompted a rush into short-volatility exchange-traded products. The index has risen past 14.
President Trump's latest comments on the trade war front should serve up a valuable lesson to investors.
Long-subdued stock-market volatility, as measured by the VIX index, sees its biggest one-day rise since early October as stocks decline in response to a tweet by President Donald Trump re-imposing tariffs on Brazil and Argentina and a round of disappointing manufacturing data.
Monday's slide in U.S. stocks prompted at least one large investors to load up big on stock options that would guard against a sharper hit to stocks into the start of next year. The position struck about 4.6% below the market's current level around 3,124 appears to be hedging roughly $4.8 billion in assets, said Henry Schwartz, president of Trade Alert in New York. U.S. stocks fell on Monday after President Donald Trump decided to restore tariffs on metal imports from Brazil and Argentina and weak factory activity fanned worries of a slowing domestic economy due to the long-drawn trade war with China.
With stocks still dancing around record levels, the perception that sentiment is changing at the market’s highest levels could upset the bullish balance.
With the U.S. stock market churning out a string of record highs, it would be no surprise for investors with some money on the sidelines might start feeling what people nowadays call “FOMO”—or fear of missing out. “While anything can happen, our indicators simply favor not chasing the market higher on fear of missing out (FOMO),” wrote Tony Dwyer, analyst at Canaccord Genuity, in a Tuesday note. Dwyer urged investors not to “mistake our message.” Canaccord has a “front-end-loaded” 2020 target of 3,350 for the S&P 500 index (SPX) around 7% above the large-cap benchmark’s record close on Monday at 3,133.64.
Futures: The stock market hit new highs Monday, but the VIX fear gauge hit a low. Palo Alto Networks, Ambarella and Nutanix were big earnings movers late. ChemoCentryx spiked on drug news.
‘Markets think this pie is baked, cooled and ready to serve,’ Colas said. ‘If you aren't as sanguine, ‘you need to be lightening up on risk exposure right now.’