|Day's range||1,710.97 - 1,724.38|
|52-week range||1,436.43 - 1,742.09|
Apple manages to escape the latest U.S. tariffs and players who generate bulk of their revenues domestically remain fairly immune to its adverse effects.
Technology giants get most of the credit for driving this year’s stock-market gains, but the quiet strength of smaller companies is a reason to keep betting on U.S. stocks. Signs of stock-market breadth are everywhere, investors and analysts say: Smaller-company stocks have climbed more than their larger counterparts this year. When all the companies in the S&P 500 are assigned an equal weighting, the index is still trading near records.
As Wall Street sounds the alarm over brewing risks in global commerce, traders are rushing to hedge against any downturn in the year’s biggest stock-market winners. Demand for options that provide protection against a selloff in technology companies is at elevated levels as the Nasdaq 100 Index shows signs of flagging following a torrid runup over the summer. Contracts that pay off if the Nasdaq 100 falls are in greater demand than similar hedges against losses in both the S&P 500 Index and the Russell 2000 Index.
Stocks looked poised for a weak showing this morning with S&P 500 and Nasdaq Composite futures trading modestly lower. The NFIB Small Business Optimism Index for August rose to the highest level recorded in its 45-year history. • and examine stocks of app makers like (MTCH) (MTCH) and (SNAP) (SNAP).
The Zacks Analyst Blog Highlights: Bristol-Myers Squibb, Cleveland-Cliffs, Callaway Golf, SkyWest and Vishay Intertechnology
Soaring profits at smaller publicly traded companies are driving the Russell 2000 to new records as investors bet U.S. economic strength will boost smaller companies while trade frictions hit their multinational counterparts. The sweeping tax cut passed last year has driven corporate profits up across the country, especially at small businesses that get most of their sales from within the U.S. A resurgence in economic growth and consumer spending has brightened prospects for the stock market’s smaller cohorts, analysts say, while the shadow of a trade war has damped the returns of big, multinational stocks such as industrial manufacturers.
As a result of markets' northbound movement, two major indexes ??? S&P 500 and Nasdaq Composite ??? closed at an all-time high on Aug 24.
TOKYO (AP) — Asian shares were mostly higher Tuesday amid doubts about the prospects for resolving the trade dispute between the U.S. and China.
The bull market in U.S. stocks is about to become the longest in history. If stocks don't drop significantly by the close of trading Wednesday, the bull market that began in March 2009 will have lasted nine years, five months and 13 days. CARACAS, Venezuela (AP) -- U.S. oil giant ConocoPhillips says it has reached an agreement with Venezuela(asterisk)s state-owned oil company to recover nearly $2 billion it was awarded as part of a decade-old expropriation dispute.
U.S. stocks closed broadly higher Monday as retailers and other consumer-focused companies posted solid gains. Industrial stocks also rose, led by airlines. Energy companies rose along with the price of U.S. crude oil. Technology stocks lagged the market.