|Day's Range||25,193.78 - 25,463.29|
|52 Week Range||23,242.75 - 26,951.81|
About one-third of investors polled by Bank of America Merrill Lynch this month think the S&P 500 has peaked for this cycle, a sign that amid continued choppy markets investors are losing the faith.
Oil prices bounced from multi-month lows on Wednesday but stocks fell as disappointing data heightened worries over slowing global growth, while the pound wavered as Prime Minister Theresa May faced the hard task of selling her Brexit deal. European shares hit a two-week low after data showed the German economy contracted for the first time since 2015, tracking similar losses in Asia where data in Japan and China underscored worries about weaker growth. The MSCI's world equity index (.MIWD00000PUS) remained on track for its fifth day of losses in a row, but reduced its decline to 0.1 percent by 1243 GMT.
The former central banker said the Fed is normalizing its policy rate at around half the speed it had in previous years.
UBS chairman tells CNBC that central banks fear that continuing easy monetary policy will build up risks in markets. Axel Weber noted that the Fed is normalizing its policy rate at around half the speed it had in previous years. The former central banker said markets should remember that liquidity will not suddenly end.
Numbers By Barron’s is a two-minute financial podcast with three vital numbers to start your morning. It didn’t help that Apple’s stock continued to sink as investors fretted about slowing demand for the iPhone. A Goldman Sachs analyst slashed his price target on the company, citing weaker-than-expected outlook from two Apple suppliers.
The mainland China markets, which have been closely watched by investors because of the ongoing U.S.-China trade war, saw losses on the day with the Shanghai composite shedding 0.85 percent while the Shenzhen ...
Investing.com - The selloff on Wall Street continued for a second-straight day as a selloff in energy weighed on risk sentiment.
Investing.com - Gold broke below its long-held perch of $1,200 an ounce on Tuesday before settling above that key psychological level, keeping alive bullion fans' hopes of a recovery as equity markets struggled again.
The Dow Jones Industrial Average ended in the red for a second day this week. The Nasdaq Composite, however, managed to close up just a smidgen.
The seasonal rally that many are expecting may be delayed as the market tries to find a bottom, says closely followed trader Art Cashin.
The Dow Jones Industrial Average’s gain today, that is. Is oil’s tumble to blame, or is it the other way around? Consider: The S&P 500 fell 0.2% to 2,722.18, while the Dow Jones Industrial Average has dropped 100.69 points, or 0.4%, to 25,286.49.
Based on the earlier price action, the direction of the December E-mini Dow Jones Industrial Average into the close is likely to be determined by trader reaction to the pair of 50% levels at 25233 to 25177.
In the week ending on November 2, US crude oil inventories were 3% above their five-year average—one percentage point more than the previous week. Oil prices and the inventories spread usually move inversely, as you can see in the following chart. If the inventories spread expands more into the positive territory, it might drag down oil prices in the coming weeks. The inventories spread is the difference between inventories and their five-year average.
Things could be worse. The Dow Jones Industrial Average has moved out of the red, and the S&P 500 and Nasdaq Composite have moved deeper into positive territory.
Investing.com – Wall Street rose on Tuesday, as trade tensions between the U.S. and China eased.The S&P 500 rose 14 points, or 0.54%, to 2,740.89 as of 9:37 AM ET (14:37 GMT), while the Dow increased 60 points, or 0.24%, to 25,447.43 and the tech-heavy Nasdaq Composite was up 64 points, or 0.90% to 7,265.51.Trade war tensions eased on news that China’s trade negotiator could head to Washington ahead of a meeting of the two countries' leaders later this month. ...
Jim Cramer has said he prefers Home Depot over Lowe's because of what he called generally better earnings results, same-store sales and growth.
On November 12, US crude oil December futures fell 0.4% and settled at $59.93 per barrel—the lowest closing level for active US crude oil futures since February 13. The Energy Select Sector SPDR ETF (XLE) fell 2.1% on November 12. The S&P 500 (SPY) and the Dow Jones Industrial Average (DIA) fell 2% and 2.3%, respectively. The fall in the broader market might have dragged energy stocks.
Many of the bonds that retirees depend on for income, and that savers depend on for market safety, are seeing huge declines this year. But with the Dow dropping and 65 percent of S&P 500 stocks in correction, investors need a bond strategy. Ignoring them isn't one.
With market volatility persisting, investors still need to consider a bond strategy. Thinking more deeply about bond diversification and duration is critical. With the Dow Jones Industrial Average down 600 points on Monday, 65 percent of the S&P 500 in correction (or worse) and a litany of headwinds for investors, it feels like the current bout of volatility will be with investors for a long time.
With the markets currently facing a lot of gyration, investing in quality stocks seems prudent. After all, these stocks provide excellent risk-adjusted returns.
Investing.com - U.S. crude’s losing streak continued on Tuesday as the Organization of Petroleum Exporting Countries forecast that world demand would decrease in 2019.