With a potentially negative earnings season looming, investors see easy Fed policy as the security blanket the stock market needs as it breaks to new highs. The thinking is that there is a “Fed put” on the stock market, meaning with the Fed ready to cut interest rates, how much downside could there be for […]
Another day, another market milestone. The Dow Jones Industrial Averagesurged above 27,000 for the first time ever on Thursday, just a day after the S&P 500 topped 3,000. Here’s a look at the stocks that drove the last 1,000 points. It took the 30-stock index about a year and a half to reach the round-number record as the […]
The Dow Jones Industrial Average (DJINDICES: ^DJI) broke through the 27,000 level for the first time on Thursday, finishing at 27,088.08 for a new record. The S&P 500 (SNPINDEX: ^GSPC) also had a record close, stopping a hair short of 3,000 to end the session at 2,999.91. Today’s stock market As for individual stocks, Delta […]
Stocks in Asia were mixed in Friday morning trade, as data showed Singapore’s economy shrinking much more than expected in the second quarter. Mainland Chinese stocks were lower in early trade, with the Shanghai composite down 0.2% and the Shenzhen composite 0.382% lower. The Shenzhen component also slipped fractionally, while Hong Kong’s Hang Seng index […]
U.S. stocks ended higher and the S&P 500 index briefly crossed the 3,000-point mark for the first time on Wednesday as remarks by Federal Reserve Chairman Jerome Powell reassured investors about the potential for an interest rate cut later this month. The Dow also hit an intraday record and the Nasdaq closed at an all-time […]
The stock market’s record-long bull run just capped another milestone Wednesday — the S&P 500 jumped above 3,000 for the first time, nearly five years after the index hit 2,000. These are the stocks that powered the historic rally. Medical implant manufacturer Abiomed led the herd, surging a whopping 909% since the S&P 500 reached 2,000 on August 26, […]
Sometimes it pays to look beneath the surface. The Nasdaq’s nearly 23% gain this year is higher than the S&P and Dow’s 19% and 15% rise, respectively, but unlike the other indexes, the Nasdaq hasn’t hit a record since April. This has prompted some investors to question whether the tech trade is rolling over. But […]
Check out the companies making headlines in midday trade: Levi Strauss— Shares of jeans-maker Levi Strauss tanked 12% after the company said sales growth would slow in the second half of the year due to weakness in its wholesale business. Levi also reported a 17% drop in quarterly adjusted profit. The apparel company cites a […]
Check out the companies making headlines after the bell: Shares of Levi Strauss fell 6% following the release of the denim maker’s second quarter earnings. Levi reporter earnings per share of 7 cents on revenue of $1.31 billion. T-Mobile rose 2.9% after news that the wireless carrier will replace Red Hat in the S&P 500. […]
Chinese internet stocks may be a good buy for investors, according to global investment banks UBS and Credit Suisse. Technology has emerged as a heated battleground in the ongoing U.S.-China trade conflict as both countries seek to dominate new areas like 5G and artificial intelligence. Amid that, Chinese internet companies have seen their stocks stumble. […]
A handful of stocks are smashing Wall Street estimates this year. Starbucks, Hershey and AMD have all raced ahead of analysts’ average price targets with Under Armour as much as 13% above its own. Not all of those will keep running higher, according to two traders. Starbucks, which has surged more than 35% in 2019, […]
These days it’s not strange to see the market going from a long period of serenity to complete chaos in the blink of an eye. One explanation is a phenomenon dubbed a “gamma trap,” The Wall Street Journal reported. CNBC confirmed with options traders the trend that may be artificially suppressing the market’s daily changes […]
