On Friday, the S&P 500 and Nasdaq indexes declined 0.5% and 0.8%, respectively, as investors were rattled by news on the trade front. Chinese trade negotiators reportedly cut their visit to the United States short by cancelling planned goodwill meetings with farmers in Montana and Nebraska. While there were naturally some winners on Wall Street, […]
What exactly happened during the “once in a decade” stock market rotation earlier this month that rocked investors? It might’ve just been a one-off technical move and not based on fundamentals. A huge rotation out of momentum into value names took place suddenly last week. Many read the phenomenon as a warning sign as stocks […]
U.S. equities ended the day near where they started as investors failed to find a catalyst to lift the benchmark stock index to an all-time high. The dollar sank and Treasuries rose amid a slew of fresh monetary-policy decisions. The S&P 500 Index closed little changed, within 1% of a record, as gains in software […]
Art Hogan predicts the Federal Reserve will disappoint the stock market by not cutting rates again this year. But the National Securities chief market strategist believes it shouldn’t alarm Wall Street. “The market is going to be OK with it,” Hogan told CNBC’s “Trading Nation” on Wednesday. “The market all of the sudden has broken […]
The Dow Jones Industrial Average gave up a 100-point gain and the S&P 500 held just under its all-time high Thursday as traders checked their optimism about renewed U.S.-China trade talks. The Dow finished the day down 52 points as gains in Microsoft and UnitedHealth balanced losses in Boeing and Walt Disney. The S&P 500 […]
Check out the companies making headlines in midday trading: Microsoft – Shares of the technology giant rose 1.8% after the company announced a new $40 billion in share buybacks, as well as an 11% increase to its quarterly dividend. Microsoft’s quarterly dividend will increase by 5 cents, to an annual payout of $2.04 a share. […]
By and large, stock market investors are a jumpy lot. They tend to react sharply — some would say overreact — to news about the babies they’ve invested in, punishing stocks that deliver lower-than-expected numbers or negative news items. When something that isn’t positive hits a stock, it can often drive it down to price […]
Major U.S. stock indexes closed mostly higher Wednesday after the Federal Reserve cut its benchmark interest rate for a second time this year, citing slowing global economic growth and uncertainty over U.S. trade conflicts. Gains in banks, utilities and technology companies outweighed losses elsewhere in the market, which had been broadly lower until the last […]
Check out the companies making headlines after the bell: AT&T shares climbed more than 2% in extended trading following a Wall Street Journal report that the company is exploring a spinoff of DirectTV unit as its own company or a combination with Dish, which also saw its share price rise 3.75% after the bell. Activist […]
Asian markets were mixed in early trading Thursday, as the Bank of Japan kept its ultra-easy monetary policy unchanged following the U.S. Federal Reserve’s interest-rate cut. The BOJ’s move — or lack thereof — was expected, though the central bank hinted that could cut interest rates even deeper into negative territory at its October meeting. […]
The stock market closed mainly higher after lackluster action for most of the session, but leading stocks stood out Tuesday. Innovator IBD 50 ETF (FFTY) rose 1.1%, easily beating the major indexes. Payment, consumer and real estate investment trust shares gave the IBD 50 much of its energy. That helped the index overcome an 11% […]
Stocks rallied late in Tuesday’s session to finish with gains as oil prices fell after yesterday’s spike and investors looked forward to a possible interest rate cut by the Federal Reserve tomorrow. The Dow Jones Industrial Average (DJINDICES:^DJI) and the S&P 500 (SNPINDEX:^GSPC) rose modestly. Real estate and utilities were the strongest sectors, while energy […]
