|Day's range||7,621.75 - 7,678.79|
|52-week range||6,866.90 - 7,903.50|
U.S. stocks edged lower in early trading Monday as losses in technology companies and retailers outweighed gains elsewhere. Banks posted solid gains. Investors had their eye on corporate America as the busiest week of the earnings reporting season got underway.
Some 40 per cent of the companies listed on the S&P 500 index of US stocks are due to report second-quarter results this week, with more than 60 of those updating the market on Wednesday, the busiest day of the quarter, according to data from Bank of America Merrill Lynch. Wall Street analysts have been busy scrambling to update forecasts for this week’s earnings after a record proportion of the early reporters beat market expectations on earnings per share and sales last week, according to BAML. Investors have responded with a muted reaction to outperformance — with companies that outperformed earnings and revenues expectations only rising 1 percentage point more than the market the following day — but punishing underperformers who miss expectations more heavily than usual, with their stocks lagging the market by an average of four percentage points, according to BAML.
the UK’s proposals on how to govern the City of London’s access to the European market after Brexit, saying Theresa May’s latest financial services plan would rob the EU of its “decision-making autonomy”. Michel Barnier, the EU’s chief Brexit negotiator, told European affairs ministers on Friday that the British prime minister’s vision for the City’s future relationship with the EU would violate the principle that access rights to the bloc’s financial services market are a gift from Brussels that can be freely withdrawn.
Another big week ahead, U.S earnings, 2nd quarter GDP numbers, Trade wars and ECB monetary policy all in focus.
Investing.com – U.S. futures took a sudden dive on Friday, after U.S. President Donald Trump threatened to impose tariffs on all Chinese imports.The S&P 500 futures fell six points or 0.23% to 2,798.75 as of 6:48 AM ET ( 10:48 GMT) while Dow futures decreased 100 points or 0.40% to 24,959.0. Meanwhile tech heavy Nasdaq 100 futures inched up six points or 0.09% to 7,374.50.Trump said in an interview on CNBC that he is ready to impose tariffs on $500 billion worth of Chinese goods to the U.S. if China does not back down on its trade policies. ...
Early earnings news from Microsoft, Intuitive Surgical and VF Corp. on Friday countered the weak global trade that followed new trade threats from the White House. The Dow and S&P 500 opened lower, as they sought their third straight weekly gains.
The United Kingdom’s FTSE 100 Index closed higher on Thursday and clocked the third consecutive daily gain. Carrying forward the strength, the FTSE 100 Index started July 20 on a stable note. The index was trading with strength at more than one-month high price levels in the morning session.
Before having children more than two decades ago, Sheila Flavell was managing 600 people for an airline in the Middle East. Afterwards, back in the UK, the best job she could get was a part-time role as a waitress. After joining FDM Group, an IT support specialist, when it was a start-up, Ms Flavell is now chief operating officer of the FTSE 250 company.
You couldn’t tell from looking at the stock market. With higher oil prices and still solid growth in earnings and the global economy, domestic investors have enough reasons to disregard the biggest cloud on the horizon -- the possibility of a Brexit that leaves the U.K. cut off from its most important commercial partner. “You don’t want to totally leave the U.K. because there is some good value,” said Leigh Himsworth, who manages Fidelity International’s U.K. stock funds from London.
Asian markets wobbled Friday on signs that China and the U.S. were preparing to impose more tariffs on each other's products. KEEPING SCORE: Japan's Nikkei 225 lost 0.5 percent to 22,652.42 and South Korea's ...
Investing.com – Wall Street was lower on Thursday as trade tensions resurfaced.The S&P 500 lost six points or 0.21% to 2,809.58 as of 9:42 AM ET (13:42 GMT) while the Dow decreased 57 points or 0.23% to 25,141.37 and tech heavy NASDAQ Composite was down 10 points or 0.13% to 7,844.27.Trade tensions continued after China said the White House was wrong to blame Chinese President Xi Jinping for blocking progress on a trade deal. White House trade adviser Peter Navarro told CNBC that the U.S. President Donald Trump's trade strategy is not as disruptive as many describe. ...
Investing.com – U.S. futures pointed to a lower opening bell as earnings season and trade tensions continued to rattle investors.
Stocks shifted lower Thursday. On the Dow, American Express, Traveler's and IBM reported Q2 results. Cisco gained on Amazon news, and markets looked toward DOJ hearings on auto tariffs.
The UK’s retail sales figures dropped unexpectedly in June. Sales declined by 0.5% in June compared to a growth of 1.4% in May. YoY Retail sales grew by 2.9, below analysts expectation of 3.7%. Pound hits a 10-month low near 1.30 versus the US dollar.
SEOUL, South Korea (AP) — Asian stock markets were drifting Thursday in mixed trading as investors awaited further moves in global trade disputes.
The S&P 500 gained a quarter of a point, or 0.01%, to 2,809.79 as of 9:37 AM ET (13:37 GMT), while the Dow decreased 10 points, or 0.04%, to 25,109.01 and the tech-heavy NASDAQ Composite was down four points, or 0.06%, to 7,850.33.
Investing.com - U.S. stock futures were flat Wednesday as investors digested earnings news and waited for the second day of testimony from Federal Reserve Chair Jerome Powell.The S&P 500 futures was flat at 2.811.25 as of 6:56 AM ET ( 10:56 GMT) while Dow futures increased six points or 0.02% to 25,112.0. Meanwhile tech heavy Nasdaq 100 futures lost six points or 0.08% to 7,415.75.Powell is expected to deliver his semiannual testimony to the House Financial Services Committee at 10:00 AM ET (14:00 GMT). ...
Morgan Stanley, United Continental and railroad CSX were among Wednesday's early earnings beats, but a rising dollar and pending testimony from Fed Chief Powell kept early trade in check.
The United Kingdom’s FTSE 100 Index declined on Monday and started this week on a weaker note. However, the FTSE 100 Index regained strength and closed higher on Tuesday amid the improved sentiment. Carrying forward the strength, the FTSE 100 Index opened higher on July 18 and was strong at one-week high price levels in the morning session.
SINGAPORE (AP) — Asian markets climbed higher on Wednesday as a sweep of positive news from Wall Street and beyond boosted confidence in the U.S. economy.
The S&P 500 lost six points, or 0.23%, to 2,791.88 as of 9:45 AM ET (13:45 GMT), while the Dow decreased 60 points, or 0.24%, to 25,003.70 and the tech-heavy NASDAQ Composite was down 29 points or 0.38% to 7,775.77.
According to a report by Markit Economics, the final UK Services PMI rose significantly in June compared to May. It was 55.1 in June compared to 54 in May. The figure beat the preliminary market expectation of 54.
Netflix led tech stocks lower early Tuesday as Johnson & Johnson, Goldman Sachs and UnitedHealth Group reported and markets looked toward Senate testimony from Fed Chief Powell.
The pound sterling has been trying to strengthen over the last few days but has not succeeded so far. The major fear of the pound traders lies in Brexit negotiations which are paused or disputed every now and then. Jobless claims in the UK rose by 7,800 against the expectations at 2,300 and the previous number of 7,700.
The United Kingdom’s FTSE 100 Index started this week on a weaker note by declining on Monday. Carrying forward the weakness, the FTSE 100 Index opened lower on July 17 and moved higher as the day progressed. Market sentiment