Earnings season is apparently going gangbusters — even if we’re barely through and there’s a lack of love for big banks. Netflix NFLX, -0.46% shot to a record and lifted all boats yesterday, with the major indexes rising to the best level in a month. The low is in, says this VIX chart. The worst […]
Category: Stocks Watch
Most investors think 2018 is the peak year for stocks
The nine-year bull market might be on its last legs. Fifty-eight percent of global money managers surveyed by Bank of America Merrill Lynch think the stock market has already peaked or will later this year. Despite the market mayhem of recent months, the S&P 500 has quadrupled since its financial-crisis lowpoint in early 2009. Yet […]
Dow Slips As IBM, Apple Stocks Weigh And Intel Pares Early Gain
Key market index funds finished mixed Wednesday as IBM (IBM) weighed on the Dow Jones industrials despite beating Q1 earnings and sales forecasts. SPDR Dow Jones Industrial Average (DIA) dipped 0.2%. PowerShares QQQ Trust (QQQ) climbed 0.2%, and SPDR S&P 500 (SPY) added 0.1% in the stock market today. Foreign markets outperformed with iShares MSCI […]
Stocks in Asia notch moderate gains after Wall Street rises on earnings
Markets in Asia tracked modestly higher on Thursday after U.S. stocks notched gains in the last session amid improved investor sentiment. The Nikkei 225 added 0.49 percent in early trade. The Topix subindexes for sea transportation and steel were among the best-performing sectors in the morning, rising 2.05 percent and 2.35 percent, respectively. Over in […]
Gold settles slightly lower as stocks rise, dollar drifts higher
Gold prices settled modestly lower on Tuesday, following gains in the last two sessions, as stocks climbed on the back of upbeat earnings and the dollar drifted a bit higher, with news on the geopolitical front quiet for now. June gold GCM8, -0.16% eased back by $1.20, or just under 0.1%, to settle at $1,349.50 […]
Stocks end at highest level in a month, as earnings drive rally
U.S. stocks rallied on Tuesday, with major indexes closing at the highest levels in about a month as the latest round of corporate earnings supported the thesis that valuations are supported by economic activity. The day’s gains were broad, with all 11 S&P 500 sectors ending in solidly higher territory, although the technology and consumer-discretionary […]
Cramer’s charts show political worries can boost top defense stocks like Boeing
With increased geopolitical worries threatening markets at every churn of the 24-hour news cycle, CNBC’s Jim Cramer wanted investors to be prepared for the next marketwide panic. “What works here [is] not just in spite of these worries, but perhaps, in some cases, because of them,” the “Mad Money” host said on Tuesday. Every time investors or […]
Stocks in Asia climb after US markets rally on strong earnings
Markets in Asia traded mostly higher on Wednesday, as investor confidence stayed firm on the back of Wall Street’s advance following strong earnings. In Japan, the Nikkei 225 rose by 1.16 percent and the broader Topix added 0.83 percent. Gains were broad-based, with retailers, utilities and technology among the rising sectors. Across the Korean Strait, […]
Russian stocks, ruble jump after report Trump halted further sanctions
Russian stocks trading in the U.S. and the ruble jumped after a report that President Donald Trump would not extend further economic sanctions on Russia, contradicting comments from Nikki Haley, the U.S. ambassador to the United Nations. The VanEck Vectors Russia ETF reversed earlier losses and jumped 1.6 percent, while the iShares MSCI Russia Capped […]
Russian stocks slip as traders brace for another round of U.S. sanctions
Russia’s stocks lost ground Monday as the Trump administration looked set to impose more sanctions on that country. The RTS Index — a gauge tracking Moscow-listed stocks — was recently down 0.4% to 1,099.89. The VanEck Vectors Russia ETF RSX, +1.77% dipped 0.1% in premarket action after showing a drop of more than 1% earlier. […]
Cramer unpacks the bank stocks’ weakness after strong earnings reports
As earnings kick into full swing, CNBC’s Jim Cramer needed to address the unexpected weakness in the big bank stocks. “Bank of America reported a spectacular quarter this very morning with fantastic earnings growth. It came right on the heels of the amazing numbers we heard on Friday from J.P. Morgan and Citi[group],” the “Mad […]
Most Asian stocks drift lower; China GDP growth tops estimates
Most Asian markets drifted lower on Tuesday as investors digested the release of better-than-expected China data. The dollar was also broadly steady after slipping on the back of an overnight pick up in investor confidence amid fading geopolitical concerns. In Tokyo, the Nikkei 225 was little changed and last edging higher by 0.01 percent. The […]