|Day's Range||24,667.12 - 24,889.46|
|52 Week Range||20,933.58 - 26,616.71|
The Dow Jones Industrial Average turned its frown upside down after the minutes from the Federal Reserve's May 2 meeting were released. In today's After the Bell, we... •...give thanks to the Fed for taking ...
On a day stocks made gains, Lowe's rose on a report of an activist investor buying shares, and Target fell after missing profit expectations.
Investors who thought concerns about trade, particularly U.S.-China tensions, were fading into the background got a wake-up call after President Donald Trump expressed unhappiness with the state of negotiations Tuesday afternoon, while also casting doubt on whether a planned summit with North Korea leader Kim Jong Un will happen. Also, Trump is weighing trade measures that would cut European Union steel and aluminum exports to the U.S. by about 10%, a sign the bloc’s efforts to secure tariff exemptions aren’t satisfying the White House.
* The Toronto Stock Exchange's S&P/TSX fell 10.99 points, or 0.07 percent, to 16,133.80. * The biggest contributor to the TSX loss was Royal Bank of Canada which fell 0.6 percent, or 6.56 index points. ...
This column provides a daily update on key presidential actions as well as comments, whether spoken aloud or on Twitter, by President Trump. A day after saying he was displeased with the progress of U.S.-China trade talks, Trump said on Twitter that a deal was “moving along nicely,” but signaled he will attach new conditions. The administration has suspended its threat to impose tariffs on Chinese goods as talks continue, but Trump has said the U.S. wants to “go quickly” on a deal.
U.S. stocks closed modestly higher on Wednesday, after commentary from the Federal Reserve suggested the U.S. central bank was maintaining a calm attitude toward inflation. The Dow Jones Industrial Average ...
Federal Reserve officials in their meeting in early May confirmed they planned to raise interest rates in June and were not concerned they were behind the curve on inflation. “Most participants judged that if incoming information broadly confirmed their economic outlook, it would likely soon be appropriate for the FOMC to take another step in removing policy accommodation,” the minutes said. Although inflation hit the Fed’s 2% target in the latest reading for March, for the first time in a year, officials were not convinced it would remain there for long.
Want to know why the Dow Jones Industrial Average is doing what it's doing? The S&P 500 has gained 0.2% to 2728.96, while the Dow Jones Industrial Average has advanced 12.13 points to 24,846.54. The Nasdaq Composite has risen 0.5% to 7413.33.
Shares of General Electric Co. plunged in very active trade Wednesday, putting them on track for the biggest selloff nine years, with losses accelerating after Chief Executive John Flannery started talking at an industry conference. The industrial conglomerate’s stock (GE) slid 7.4% in afternoon trade, enough to pace the Dow Jones Industrial Average’s (^DJI) losers. The stock was headed toward the biggest one-day drop since it plummeted 7.2% on Nov. 13, 2017 after Flannery, then newly named CEO, unveiled a transformation plan, including the halving of the company’s dividend.
U.S. stocks trimmed losses on Wednesday after the release of minutes from the May 1-2 Federal Reserve policy meeting. Fed officials confirmed they planned to raise interest rates in June and were not concerned ...
Federal Reserve officials in their meeting in early May confirmed they planned to raise interest rates in June and were not concerned they were behind the curve on inflation."Most participants judged ...
The Dow Jones Industrial Average was off 150 points by early afternoon, while the broader Standard & Poor’s 500 was down about half a percent. The U.S. Dollar Index is now up a remarkable 10% in just over a month. Some headlines also blame new worries about Italian politics, where the latest negotiations over the formation of a new populist government have hit another snag.
Shares of General Electric Co. tumbled 6.8% in afternoon trade Wednesday, enough to pace the Dow Jones Industrial Average's decliners, with losses accelerating after Chief Executive John Flannery spoke at the Electrical Products Group conference in Florida. The stock was down about 2.0% before Flannery spoke. When asked why the stock may have sold off after he started talking, Flannery said it may have to do with disappointment over how "deliberate" the fixes to the company have been, while investors appear to want the company to move faster, according to a transcript of the talk provided by FactSet.
The S&P 500 was down nine points or 0.35% to 2,714.88 as of 9:44 AM ET (13:44 GMT) while the Dow composite decreased over 74 points or 0.30% to 24,759.55 and tech heavy NASDAQ Composite fell 23 points or 0.32% to 7,354.64.
The Dow Jones Industrial Average is heading higher this morning as the U.S. and China continue to make progress on avoiding a trade war. Nasdaq Composite futures have gained 0.3%. From the looks of it, progress us being made on to avoid a full-blow trade war.
The numbers: The flash IHS Markit U.S. manufacturing purchasing managers index inched up to 56.6 this months from 56.5 in April and touched the highest level since September 2014. What happened: May data showed strong gains in manufacturing production and new business. There were signs that manufacturers intend to boost production schedules in the coming months.
In a note to clients that’s making the rounds, Goldman delves into the topic of flash crashes — like one in February and another in August 2015 — that have been blamed mainly on programmed trades. Goldman’s analysts question whether asset classes that have seen big growth in algorithmic trading — such as grain, crude oil and equities — can hold up in moments of heavy stress.
Based on the early price action, the direction of the June E-mini Dow Jones Industrial Average futures contract is likely to be determined by trader reaction to the Fibonacci level at 24684.
U.S. stocks opened lower on Wednesday, as investors shied away from risky assets such as global equities and commodities amid continues worries over trade and geopolitics. The Dow Jones Industrial Average ...
Concerns about trade talks with China are said to be sinking the Dow Jones Industrial Average this morning. S&P 500 futures have declined 0.6% at 8:48 a.m. today, while Dow Jones Industrial Average futures have fallen 179 points, or 0.7%.
After a brief pullback last week, the S&P 500 started this week on a stronger note by surging to eight-week high price levels on Monday. Carrying forward the strength, the S&P 500 opened higher on May 22, lost strength, and declined as the day progressed. On May 22, seven out of 11 major S&P 500 sectors closed the day lower. Weakness in the industrials, energy, and materials sectors pushed the market lower. Strength in the financials and utilities sectors limited the market losses.
Does the US Steel Industry Look Healthy This Month? The Section 232 temporary exemptions that were extended by President Donald Trump on April 30 are set to expire by the end of this month. As quoted by CNBC, the statement on the exemptions said, “The Administration is also extending negotiations with Canada, Mexico, and the European Union for a final 30 days.” By stating the word “final,” the Trump administration seems to have put pressure on the exempted countries.
The 180-point tumble in futures for the Dow Jones Industrial Average is nearly unanimous, as shares of 29 of the 30 Dow components are falling in premarket trade Wednesday. The only stock not falling is ...
President Trump imposed tariffs on US steel and aluminum imports in March. The move was intended to boost domestic steel and aluminum producers. However, despite the tariffs, US steel and aluminum stocks like U.S. Steel (X), AK Steel (AKS), Century Aluminum (CENX), and Alcoa (AA) are sagging this year. In this article, we’ll see how the Section 232 tariffs could test President Trump’s mettle.
U.S. stocks fell Wednesday after retail giant Target reported earnings that missed expectations while trade talks with China remained uncertain.