|Day's range||2,912.63 - 2,923.79|
|52-week range||2,488.03 - 2,940.91|
Tuesday 05:15 BST Asia-Pacific equities were mixed with Tokyo stocks climbing as traders returned from a long weekend while China equities dropped after Monday’s holiday. Oil prices were marginally higher, ...
Stocks in Asia diverged after a weak showing from Wall Street and as some markets returned from a Monday holiday while others took Tuesday off. Tokyo’s Topix index climbed 0.6 per cent following reports ...
Investing.com - The Dow posted a triple-digit loss Monday as turmoil in Washington and trade tensions reined in investor appetite for stocks.
Asian stocks traded mixed Tuesday as investors pondered concerns about the outlook for global trade and American politics. Equities climbed in Japan as traders returned from a holiday, though Chinese shares headed in the opposite direction after a long weekend. Australia was little changed.
Futures in Australia edged lower, while Japan’s and China’s markets will resume trading today after holidays. Industrial shares led the S&P 500 Index lower after China warned it won’t meet with American officials unless they stop threatening to expand tariffs, while reports that Deputy Attorney General Rod Rosenstein will leave his post also weighed on stocks. An uptick in political tensions and the escalation in the cross-Pacific trade dispute are testing global equities, which have posted two strong weeks of gains in part due to optimism that economies can weather any potential tariffs.
In the latest trading session, Western Digital (WDC) closed at $59.92, marking a -1.15% move from the previous day.
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.
These are today's winners and losers from the S&P 500. More from Bloomberg.comTrump Says He’ll Discuss ‘What’s Going On’ With RosensteinTrade War Reality Sets In as U.S and China Stick to Their GunsNew Kavanaugh Allegations Give Republicans Only One ChoiceRead S&P 500 Winners and Losers for 09/24 on bloomberg.
With major indexes sitting cautiously near all-time highs and another earnings report season approaching quickly, Wall Street is faced with a major question: Will fresh results and updated guidance be strong enough to break stocks into new ranges?
Although the ECB is projecting inflation to average 1.7 percent through 2020, below the target of just under 2 percent, Draghi told the European Parliament in Brussels on Monday that those forecasts conceal an improvement in fundamental price pressures.
As the nation's financial spine began folding in on itself, there was more than a little panic on Wall Street.
A strong dollar is boosting the earnings of domestically focused companies in the S&P 500 Index more than those with foreign exposure, according to a study by Bank of America Merrill Lynch. The valuation gap between the U.S. and other global equity markets is at an all-time high, according to a report by the bank. The S&P 500’s forward price-to-earnings ratio rose in July and August and is now at its highest level since February, the report noted.
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.
Share prices and corporate earnings moving together on a nearly one-for-one basis. But the stock market hasn’t always been so dismissive of the volatility of earnings.
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.
As the S&P 500 flirts with record highs and volatility cruises closer to historic lows, an overlooked gauge of stock-market fear is flashing a bullish signal: shares are swinging together less and less. Implied correlation between the 50 largest members of the S&P 500 is near the lowest in at least ten months. “When everything is good, realized correlation tends to fade, people are rotating into and out of stocks and sectors,” says Michael Purves, chief global strategist at Weeden & Co. LP.
Section 232 tariffs came into effect on March 23, 2018. It’s been six months, so it’s a good time to see how they’ve impacted the US steel industry. When the tariffs were first announced, there were no exemptions on a country level. However, even before the tariffs came into effect, we saw exemptions for several regions, including NAFTA (North American Free Trade Agreement) companies and the European Union.
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.
The regrouping of companies in new sector is expected to generate more than $30 billion in market activity as active investors and passive ETFs readjust their positions to reflect the new weightings.
China (FXI) became the world’s second-largest economy due to strong economic growth in the last few decades. The country saw double-digit growth a few years ago due to massive infrastructure investments and a rapidly growing export sector. According to Trading Economics, China’s economic growth averaged 9.61% between 1989 and 2018. However, the country’s economic growth has cooled off. China’s economic growth increased at an annualized pace of 6.7% in the second quarter. The US economy (SPY) grew 4.2% in the second quarter.
In other stock market news, shares of former bellwether stock General Electric hit a new 9-year low on Monday, dropping to levels not seen since July 22, 2009. During the early 2000s, this stock was probably the number one holding in nearly all major portfolios. Additionally, it once held the position currently held by Apple – the company with the highest market valuation.