Major benchmarks traded in a narrow range Friday but ended the week with a session that was mostly positive. Advancing issues outnumbered decliners, and the Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) managed to finish with small gains. Energy and materials were the strongest sectors, while big technology stocks were […]
U.S. stocks have put together an impressive couple of days, with the S&P 500 rallying over 3% from this week’s lows. While the action has been solid, Thursday marked the turning point. In the stock market today, we saw a bevy of buyers, with major U.S. indices hitting their highest levels in more than a […]
Stocks will look to build on their strong recent momentum and reclaim their record highs next week amid a slew of economic data while trade war fears decrease. The S&P 500 is about 1.6% from an intraday record reached on July 26 after notching back-to-back weekly gains. The broad index is up 1.8% this past […]
A decline in interest rates on long-term U.S. government bonds below the average stock dividend yield has received less attention than an inverted Treasury yield curve, but it could be a reason stocks find support after a bruising August. After the S&P 500 .SPX suffered its first monthly drop since May, in part because the […]
Major benchmarks continued to rally on Thursday after the United States and China agreed to meet in Washington early next month to hold renewed trade talks. Stateside authorities indicated the in-person meeting could “lay the groundwork for meaningful progress,” easing investors’ concerns over the fallout of the two countries’ ongoing trade war. The Dow Jones […]
For all the volatile moves seen in the stock market recently, there has been one constant: The S&P 500 cannot stay above 2,930. The magic number has garnered the attention of traders with the S&P 500 closing above it just four times in 24 trading sessions since Aug. 1 with numerous intraday moves above and […]
Check out the companies making headlines in midday trading: Mallinckrodt – The pharmaceutical company’s stock nosedived 38% following a Bloomberg report that the company is facing a number of opioid lawsuits and might file for bankruptcy. The company already has $5 billion in debt and has agreed to pay more than $15 million to resolve […]
Stocks rocketed higher Thursday, fueled by renewed optimism over trade talks between the U.S. and China. The Dow Jones Industrial Average jumped more than 400 points by midday. In interviews on CNBC, five experts weigh in on what the trade developments mean. Terri Spath, CIO of Sierra Investment Management, says investors have to balance risk-on […]
In a world of falling and even negative interest rates, investors are searching high and low for yield. Companies with high and stable dividends are a good place to look, but there are some traps investors can fall into when sorting through these names. In volatile market conditions or an economic downturn, it’s hard for […]
Check out the companies making headlines after the bell: Shares of Slack plunged 15% in extended trading after the company released its first earnings report since going public, briefly falling below its reference price from its direct listing. The maker of the popular workplace chat app reported a second quarter adjusted loss per share of […]
1. Dow to recover as bond yields move higher and key inversion goes back to normal U.S. stock futures were pointing to a strong Wednesday open on Wall Street. The Dow Jones Industrial Average, a day after losing 285 points and breaking a three-session winning streak, was set to advance about 200 points. Concern on Tuesday over new U.S. […]
The S&P 500 has closed within a 100-point range for about the last month, but the continued strength in technology stocks should finally drive it higher, Mark Newton of Newton Advisors predicted Wednesday on CNBC. Newton said on “Fast Money” that he could see the S&P eclipsing 3,000 again, which it did for the first […]
