266.83 +0.26 (0.10%)
After hours: 7:18PM EDT
|Bid||266.85 x 4500|
|Ask||266.89 x 900|
|Day's Range||265.35 - 267.89|
|52 Week Range||234.56 - 286.58|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.09%|
Boeing (BA), the world’s largest aerospace company, is set to declare its 1Q18 results on April 25, 2018, before markets open. The company plans to discuss the results of operations with investors and analysts at 10:30 AM ET (Eastern Time) that day.
Since late 2017, Anadarko Petroleum (APC) stock has mainly been in an uptrend. The stock has tracked crude oil prices (USO) (UCO).
Iran's leaders seem to have contracted a case of economic idiocy. The news comes during a period of fast-deteriorating diplomatic relations between Tehran and Washington, which makes the currency denomination change look like a way for the Iranian leadership to snub the U.S. Iran's announcement seems as ridiculous as that of Venezuela's socialist leader Nicolas Maduro. In March that country decided to tackle the nation's wealth-withering hyperinflation by eliminating three zeros from the currency, the Bolivar.
Many risks that pushed stock market volatility higher in the last few weeks have started to retreat, which helped equity market indexes last week. President Trump paused further sanctions on Russia, and Trump’s planned meeting with Kim Jong Un after the latter said North Korea would end nuclear tests pushed a major geopolitical risk off the table for now. The risk of a flattening yield curve has also reversed as the US ten-year yield breached the February high on the back of renewed inflation expectations.
Though Ericsson (ERIC) posted better-than-expected earnings in the first quarter of 2018, the telecom equipment giant missed revenue expectations. Ericsson’s revenues of $5.14 billion in 1Q18 not only declined from its 1Q17 revenue of $5.66 billion but also missed Wall Street expectations. Analysts expected Ericsson to report revenues of $5.36 billion for 1Q18.
Bitcoin rose during the weekend. Bitcoin has been volatile, and has seen more downs than ups in the last few months. The RSI (relative strength index) level for bitcoin is at 63, and its volatility is at 50.1%.
On April 13–20, 2018, US equity indexes had the following performances: The S&P 500 Index (SPY) rose 0.5%. The Dow Jones Industrial Average Index (DIA) rose 0.4%. The S&P Mid-Cap 400 Index (IVOO) rose 0.9%.
While there are many complementary explanations, the most heated arguments center on the role of monetary policy. Careful analysis suggests John Williams, the incoming president of the Federal Reserve Bank of New York, may agree with those who blame excessively low interest rates for the boom and bust. In response to the triple shocks of the tech bust, the Sept. 11 terrorist attacks, and the wave of corporate defaults in the early 2000s, Fed Chairman Alan Greenspan and the majority of his colleagues pushed the policy interest rate down to 1%.
What happened to the synchronized global upswing? In just a few short (but memorable) months, the economic outlook has soured. Is this the end of the expansion, or typical late-cycle behavior?