|Day's range||25,350.02 - 25,608.71|
|52-week range||23,201.78 - 26,951.81|
The historic tax cuts passed in late 2017 are set to provide long-term tailwinds for public companies and their shareholders.
Investing.com - The Dow rebounded on Friday as Procter & Gamble posted stronger-than-expected earnings results, ending a week of volatile trading on Wall Street.The S&P 500 rose 13 points, or 0.47%, to 2,781.88 as of 9:38 AM ET (13:38 GMT), while the Dow increased 102 points, or 0.41%, to 25,482.37 and the tech-heavy Nasdaq Composite was up 53 points, or 0.72%, to 7,538.93.P&G (NYSE:PG) was up 6.24% after the consumer goods giant reported diluted earnings per share of $1.22.PayPal (NASDAQ:PYPL) was among other gainers, surging 9. ...
It’s hard to be downbeat on a Friday, and stocks are reflecting an improved mood on Wall Street. Chinese markets rebounded overnight and earnings reports from PayPal (PYPL) and (PG) (PG) created some confidence. China’s third-quarter gross domestic product was the weakest since the financial crisis, which might have sunk stocks again Friday, had not government agencies come out in a chorus of confidence about the economy.
On October 11–18, US equity indexes had the following correlations with US crude oil December futures: the S&P Mid-Cap 400 (IVOO): 54.4% the Dow Jones Industrial Average (DIA): 53.6% the S&P 500 (SPY): 43.3%
In the third quarter, China’s GDP grew 6.5% on a YoY (year-over year) basis—the weakest pace since 2009. A Reuters poll indicated that the growth rate would cool at 6.6%. The ongoing trade war with the US will likely weaken China’s growth rate.
Is the Sell-Off in US Steel Stocks Overdone? Steel prices are the key driver of steel companies’ earnings. Earlier this year, spot HRC (hot rolled coil) prices hit a decade high, with prices topping $900 per ton.
STOCKSTOWATCHTODAY BLOG 6:35 a.m. After getting clobbered on Thursday, stocks are trying to make a comeback. It’s a tepid one at best. S&P 500 futures have advanced 0.2%, while the Dow Jones Industrial Average” futures have risen 62 points, or 0.
Investing.com - Asian stocks fell in morning trade on Friday after official data showed China’s economy slowed more than expected in the third quarter of 2018.
Investing.com - American Express (NYSE:AXP) reported third quarter earnings that beat analyst's expectations on Thursday and revenue that topped forecasts.