|Day's range||2,791.69 - 2,804.53|
|52-week range||2,417.35 - 2,872.87|
Jul.15 -- Carol Schleif, deputy chief investment officer at Abbot Downing, discusses the current state of markets, the trade war with China and the outlook for the S&P 500. She speaks on "Bloomberg Daybreak: Asia."
Shares edged higher in early European trading on Monday after Asian benchmarks slipped on news that China's economy grew at a lackluster 6.7 percent pace in the last quarter. Attention was focused on the latest back-and-forth between China and the U.S. in a tariffs dispute, and on President Donald Trump's summit with Russian President Vladimir Putin, planned for later in the day.
Shares edged lower in Asia early Monday after China reported lackluster growth data in line with expectations. Geopolitical and trade tensions were weighing on sentiment despite gains last week on Wall ...
Carol Schleif, deputy chief investment officer at Abbot Downing, discusses the current state of markets, the trade war with China and the outlook for the S&P 500. She speaks on "Bloomberg Daybreak: ...
European stocks rose with U.S. futures as traders looked toward company results after mixed economic data out of China spurred declines for Asian shares. The dollar weakened against most peers.
Asian stocks will likely start the week in a mixed fashion as traders assess the sustainability of last week’s relief rally ahead of a slew of Chinese economic figures.
China’s sovereign wealth fund has expressed a desire to invest in the domestic market as stock valuations have hit multiyear lows, underscoring how coming home may bring it new opportunities to boost returns. The $941 billion China Investment Corp. wants permission to invest in local shares and bonds, and has laid the groundwork for an application to the central government, people with knowledge of the matter said. While it remains unclear if top leaders will grant approval, the potential move by the Beijing-based investor would add an engine of growth to complement an overseas portfolio that posted record returns last year.
Based on last week’s price action and close at 2803.25, the direction of the September E-mini S&P 500 Index is likely to be determined by trader reaction to a pair of Gann angles at 2793.00 and 2789.25. Basically, there is plenty of room to the upside with resistance staggered if buyers can sustain the rally over 2793.00 this week. Falling back under 2755.25 will be the first sign of a shift in momentum to down.
Is Trade War Really A Good Thing For The US? The uncertainty surrounding the trade war between the U.S. and China has eased recently after the two world largest economies have signaled their intention to sit at the negotiation table. In addition, investors also started to realize that the effects of tariffs have substantially exaggerated.
Investing.com - Geopolitics could hang over the market in the coming week, as investors look ahead to an unprecedented meeting between U.S. President Donald Trump and Russian President Vladimir Putin on Monday.
With just over 5 percent of S&P 500 companies reporting thus far, earnings growth is up 16.37 percent. U.S. import prices fell the most in more than two years in June. U.S. consumer sentiment hit a six-month low as tariff worries more than doubled, dampening optimism over the economy. The preliminary data showed that consumer sentiment fell to 97.1, its lowest level since January. The Federal Reserve said Friday it expects low unemployment and rising inflation will keep it on track to raise interest rates at a gradual pace over the next two years. Finally, Atlanta Fed President Raphael Bostic said Friday he favors one more interest-rate hike this year, given current economic conditions.
The S&P 500 rallied during the week, slamming into the 2800 level on Friday. It looks as if this is a market that will try to break out above there, and then perhaps reaching towards the upside. Short-term pullbacks could be buying opportunities based upon value.
The S&P 500 initially tried to break out to the upside and above the 2800 level premarket hours, but then we pulled back towards the 50 EMA on the hourly chart. As I record this though, it looks like we are ready to continue going higher.
More than half a century has passed since the then French finance minister and future president Valéry Giscard d’Estaing complained that the US enjoyed an “exorbitant privilege”. Now that exorbitant privilege is morphing into what might be called a “highest level of special privilege”. Donald Trump has spent the week travelling through Europe and the UK like a political wrecking ball.
William Priest: The outlook for earnings and dividends is excellent this year. There will be a substantial increase in earnings, due in part to the corporate tax cuts enacted late last year. With regard to dividends—whether paid in cash or through stock buybacks—this will be one of the best years ever.
Barron’s: What awaits investors in the second half of the year? Mario Gabelli: The markets over the balance of the year will be shaped by four Ts. The first is tariffs. The global economy is $86 trillion. ...
The Dow Jones Industrial Average gained more than 100 points today and had its best week since June 8. •...and wonder why Mattel (MAT) was the S&P 500's worst performer. Hooray for tariffs! How else to respond to a week that saw the Trump administration announce tariffs on another $200 billion in Chinese goods, only to see the market rally this week, and rally hard?
The Federal Reserve says that it expects low unemployment and rising inflation will keep it on track to raise interest rates at a gradual pace over the next two years. By late 2019, the Fed says its key policy rate should be at a level that will be slightly restrictive for growth. NEW YORK (AP) -- Papa John's is pulling founder John Schnatter's image from marketing materials following reports he used a racial slur.
On a day major stock benchmarks closed up, Wells Fargo fell after reporting earnings and Gogo tumbled on turnaround plans that weren't well-received.
U.S. stocks wrapped up another solid week Friday as industrial and energy companies ticked higher, but quarterly results from several big U.S. banks didn't excite investors. On Friday: The S&P 500 index ...
The Nasdaq 100 is at a record, stocks have just strung together two straight weeks of gains and one of the best earnings seasons in a decade is at hand. While benchmark measures of volatility are as calm as they’ve been in five months, among individual stocks anxiety is running high. Blame it on a global trade war where President Donald Trump just threatened duties on another $200 billion of Chinese goods.