|Day's range||26,548.68 - 26,709.94|
|52-week range||22,219.11 - 26,769.16|
Investing.com - The Dow posted a triple-digit loss Monday as turmoil in Washington and trade tensions reined in investor appetite for stocks.
Trade once again took center stage on Monday, sending the Dow Jones Industrial Average lower as investors worried about mounting tensions between the U.S. and China. Although tech stocks managed to claw their way back into the black, tariff turmoil was the order of the day. The Dow Jones Industrial Average lost 181.45 points, or 0.68%, to 26562.05, while the S&P 500 fell 10.30 points, or 0.35%, to 2919.37.
Six Months of Tariffs: Has US Steel Industry Bounced Back? The US steel industry has seen an increase in profitability this year as President Donald Trump’s Section 232 tariffs have raised US steel prices (DIA). Nucor (NUE) and Steel Dynamics (STLD) posted record earnings in the second quarter, and earnings are expected to rise even more in the third quarter.
The metal is out of favor and the shares of many mining companies are depressed. But with stocks at highs and global tensions rising, this may be the metal’s time.
Investing.com - Stocks started lower Monday, with investors hesitant as a new batch of tariffs between the U.S. and China went into effect. But a wave of mergers produced a lot of activity in individual issues.
Between September 14 and 21, US equity indexes put up a mixed performance. Last week, the Dow Jones Industrial Average (DIA), the S&P 500 (SPY), and the S&P Mid-Cap 400 (IVOO) gave returns of 2.3%, 0.8%, and -0.3%, respectively. Energy stocks comprise about 5.2%, 5.9%, and 5.1%, respectively, of these equity indexes.
Between September 14 and 21, US crude oil November futures rose 2.9% and closed at $70.78 per barrel. In September, US crude oil active futures have risen 1.4% after rising 1.5% in August. The US dollar’s fall, as well as the OPEC–non-OPEC meeting, may have boosted oil prices. Gasoline inventories’ significant fall may have been behind WTI’s outperformance of Brent oil.
Based on the early price action, the direction of the December E-mini Dow Jones Industrial Average on Monday is likely to be determined by trader reaction to the long-term uptrending Gann angle at 26698.
The Dow Jones Industrial Average’s all-time high on Friday is a distant memory as the market looks set for a lower open. Blame tariffs on $200 billion in Chinese goods set to go into effect, or the Fed, which meets this week. •…Anf explain why Comcast is sinking.
The market looks set for a lower open Monday morning, as new penalties on Chinese goods are set to take effect and investors look ahead to this week’s FOMC meeting.
US stocks ended lower on Monday as investors took a cautious stance following China’s rejection at the weekend of US calls for trade talks. That overall unease more than offset a solid session for energy ...
Based on last week’s price action and the strong close at 26754, the direction of the December E-mini Dow Jones Industrial Average futures contract is likely to be determined by trader reaction to last week’s high at 26820. Traders should also look out for the possibility of a weekly closing price reversal top.
US stocks, already under pressure from the get-go on Monday, lurched lower following media reports Rod Rosenstein, the US deputy attorney-general, had resigned. Mr Rosenstein verbally resigned to John Kelly, the White House chief of staff, Axios reported this morning citing sources with direct knowledge. The New York Times reported last week Mr Rosenstein had proposed invoking the 25th Amendment to remove Donald Trump from office and offered to secretly record meetings with the president.
Any doubt that human progress continues ever onward and upward surely was dispelled last week by the wondrous devices that (AMZN) unveiled to a wide-eyed world, including a microwave oven that responds to spoken commands via Wi-Fi. In contrast, the steady advance of the stock market seemed irresistible last week, as the Dow Jones Industrial Average and the Standard & Poor’s set fresh records, while global markets joined in the fun.
Sept. 19: Trade has dominated the news this week as the Trump administration announced plans to put 10% tariffs on $200 billion of goods from China beginning next Monday, with the rate increasing to 25% on Jan. 1. China retaliated with $60 billion in tariffs on U.S. goods.
The Dow Jones Industrial Average held onto its gains to notch a fresh high, but the S&P 500 and Nasdaq fell into the red as Friday drew to a close
On a mixed day for the major benchmarks, Medtronic announced plans to buy Mazor Robotics, and Micron Technology beat expectations for its latest quarter.
The bulls have regained control on the American equity market. The S&P 500 Index capped a second weekly advance, ending the five days less than two points away from its all-time high. The rally in U.S. equities has defied a chorus of calls for caution as investors looked past escalating tension over trade and a spike in 10-year Treasury yields to levels that roiled markets earlier this year.
In commodities, gold futures inched down 0.75% to $1,202.20 a troy ounce, while crude oil futures jumped 1.21% to $71.17 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, rallied 0.37% to 93.82.
Stocks are humming along after the S&P 500 and the Dow Jones Industrial Average indexes hit new closing highs Thursday. President Donald Trump’s thumbs might have pushed up crude oil prices to $80, but they won’t keep them there. Berkshire Hathaway and pot stocks have one thing in common—momentum, but only one of them still looks underpriced.