|Day's range||25,942.83 - 26,071.72|
|52-week range||19,732.36 - 26,153.42|
General Electric shares extend slide to more than 6-year low, and to a price that is less than 1/20th the highest priced Dow industrials stock, which increases the risk that GE’s 110-year streak as a Dow ...
International Business Machines Corp. will be challenged in the short term to stabilize its margins as it shifts to software and services and meet its somewhat disappointing outlook amid a higher tax rate ...
President Trump remains in regular contact so far on Saturday with congressional Republicans, including several conversations with Senate Majority Leader Mitch McConnell and a discussion with House Speaker ...
IBM Corp. achieved its first quarter of revenue growth in five years thanks mostly to a huge boon in its system business and the new mainframe.
Ford’s weak profit expectations continued to dog the company’s stock, which fell to its lowest since late September and looked set to end Friday down nearly 10% for the week.
The director of operations at a Georgia book distributor won the 2017 Barron’s forecasting challenge, topping more than 3,000 entrants in the annual contest. Keith Sanders, 57, got a score of 12 out of ...
Were it left to me to decide whether we should have a government without newspapers, or newspapers without a government, I should not hesitate a moment to prefer the latter.” So wrote Thomas Jefferson, the third U.S. president, and Washington, as in the nation’s capital, seemed to be making the same choice, notwithstanding the low esteem in which the Fourth Estate is held there. The federal government was set to shut down after midnight on Friday, barring congressional approval of legislation to keep it operating for another month. The measure, already passed by the House of Representatives, required 60 votes in the Senate.
The S&P 500 rose 0.9% this week after gaining 0.4% to 2810.30 today, while the Dow Jones Industrial Average climbed 268.53 points, or 1.04%, this week after advancing 53.91 points, or 0.2%, to 26,071.72. The Nasdaq Composite jumped 1% this week after gaining 0.6% to 7336.38 today. The S&P 500 and Nasdaq finished the week at all-time highs.
On a day the major indexes rose, American Express slumped after the company announced earnings and a big tax bill, and Atlassian fell despite reporting a strong quarter.
On Thursday, January 18, 2018, Pimco, one of the world’s largest asset management firms, said that it’s time for investors to be cautious. The global economic adviser at Pimco, Joachim Fels, recently shared his view on the market in an interview with Bloomberg TV. PIMCO wrote, “The fact that the fear is gone is the main reason why we should be worried.
Today, Deutsche Bank's John Inch warns that GE's cash squeeze, along with mounting liquidity pressures, may mean that it's forced to raise equity capita. GE has stated before that it will not inject parent cash into GE Capital, and Inch argues that given that GE still appears overvalued on a sum-of-the-parts basis, with declining earnings, it might want to raise that equity capital sooner rather than later, while its stock is "still elevated." Yes, that's because Inch, who has a Sell rating on GE, still thinks the stock has farther to fall, even after its 46% tumble in the past year. Inch has a $15 price target on the stock, and sees plenty of risks beyond the equity capital raise, including additional mandated insurance reserve contributions, increasing debt (and debt rating downgrades that make it more expensive to borrow), and another dividend cut.
Based on the early trade, the direction of the Dow is likely to be determined by trader reaction to 26012.
Following a strong performance for two weeks and closing at a record high price levels, the S&P 500 started this week on a mixed note. On Thursday, the S&P 500 started the day on a stable note and closed the day at elevated levels. On January 18, eight out of the S&P 500’s 11 major sectors declined.
If the U.S. government shuts down this weekend, will the stock market’s nearly uninterrupted march higher also come to a close?
Nearly 95% of top-performing equity mutual funds failed to replicate their success over a two-year period. Over five years, not a single one was able to do so, a new study shows.