|Day's Range||25,294.97 - 25,607.34|
|52 Week Range||21,600.34 - 26,616.71|
The Dow was slipping Friday morning, one day after gaining nearly 400 points. Turkey’s currency was dropping once again, while Deere, a Dow component, was trading lower after its earnings disappointed. •...and explain why Dean Foods (DF) is tanking.
Want to know why the Dow Jones Industrial Average is doing what it's doing? S&P 500 futures have declined 0.1%, while Dow Jones Industrial Average futures have 28 points, or 0.1%. Nasdaq Composite futures have fallen 0.2%.
U.S. stocks soared Thursday, bringing the Dow Jones Industrial Average its biggest one-day gain in four months, as upbeat earnings reports and stabilizing commodities prices helped calm investors’ fears about the global economy. Stocks around the world had slumped just a day earlier as fears about an economic crisis in Turkey spread through a variety of markets, pulling everything from copper to oil prices lower. Much of the slide had been driven by concerns among investors that what had begun as a relatively limited pullback in emerging markets could trigger a more violent, durable reversal across risky assets around the world.
Asia markets mostly closed higher on Friday. Sentiment was lifted after news that the U.S. would hold a fresh round of trade talks with China later in August. Asia markets largely advanced on Friday, following a strong lead in from Wall Street and positive news on the U.S.-China trade front.
Investing.com - The Dow had its best day in months as investors cheered bullish earnings from Walmart and optimism over U.S-China relations as both parties will resume trade talks.
Summer Anthem. Stocks started out strong Thursday and just kept getting stronger, as investors cheered upcoming talks between the U.S. and China. •...and explain why Chipotle Mexican Grill (CMG) was the S&P 500's worst-performing stock. Forget Your Troubles and Just Be Happy Stocks shook off Wednesday's blues to close broadly higher, as optimism about China pushed Turkey to the back burner, although there was good news on that front, too.
The Turkish lira, the Chinese yuan, and most other currencies are rising against the dollar, providing some reprieve. The Dow has risen more than 420 points, or 1.7%, to 25582.82, while the S&P 500 and the Nasdaq Composite have each climbed 1% to 2850 and 7849, respectively. "The story that a get together between Chinese and American officials in a few weeks helped U.S. markets more so than Chinese ones.... An analyst at the Bank of China's Institute of International Finance in Beijing said, 'This will be "talks about trade talks,"'" writes Bleakley Advisory Group's Peter Boockvar in his morning note.
Investing.com - U.S. futures pointed to a higher open on Thursday, as investors reacted positively to developments in trade talks between China and the U.S. and positive earnings reports from blue-chip companies, while keeping an eye on blue-chip earnings and waiting for a slew of data to be released before the open.
Want to know why the Dow Jones Industrial Average is doing what it's doing? The S&P 500 has risen 0.7%, while the Dow Jones Industrial Average has jumped 320.77 points, or 1.3%, 25,483.18. The Nasdaq Composite has gained 0.7% to 7828.43.
Investing.com - Walmart (NYSE:WMT) reported second quarter earnings that beat analyst's expectations on Thursday and reported revenue that topped forecasts.
Based on the early price action, the direction of the September E-mini Dow Jones Industrial Average today is likely to be determined by trader reaction to the short-term Fibonacci level at 25391.