|Day's Range||24,664.87 - 24,774.97|
|52 Week Range||20,860.16 - 26,616.71|
The U.S. dollar has been on a nearly unstoppable uptrend since the start of the second quarter, rising in tandem with government bond yields, while equities got the short end of the stick. Now, investors wonder whether a buoyant buck will derail earnings growth. Since the beginning of April, the ICE U.S. Dollar Index (IFUS:DX-Y.NYB), a popular gauge of the U.S. currency that measures it against six rivals, is up 3.9%.
The Federal Reserve is all but guaranteed to raise interest rates in June, according to many investors and Wall Street economists. Beyond that, the central bank's options are limited by one critical factor, according to one market watcher. "While you have inflation and jobs numbers that are very Fed pleasing, you've got to watch out for that growth number which is expected to be somewhere" in the range of 3 percent, said Todd Colvin, senior vice president at Ambrosino Brothers, on CNBC's " Futures Now " this week.
"Sell in May and go away," arguably the most well-worn axiom on Wall Street, has proven to be shrewd advice during previous midterm election years. Though the exact origins of the phrase are ...
US stock markets pulled back a bit during the week, as we ran into a significant amount of resistance. However, there is major support below, so it will be interesting to see what happens over the next couple of weeks. We have a couple of clear areas to pay attention to.
The US stock markets were flat during trading on Friday, going sideways overall as the markets were looking for some type of direction. There are still concerns about potential trade tensions, and of course interest rates in America. However, when you look at the longer-term charts there is a little bit more clarity.
U.S. stocks stalled Friday, posting weekly losses as bubbling uncertainty around global trade policies and interest rates limited investors’ appetite for risk. Stocks struggled for traction as investors grappled with geopolitical tensions spurred by new government proposals in Italy, doubts about a coming meeting between the U.S. and North Korea and continuing trade talks with China. “There are a few fires at the moment that investors need to take on board,” said Olivier Marciot, a multiasset portfolio manager at Unigestion.
On a day stocks were largely unchanged, Campbell Soup announced a dreadful quarter and a CEO departure, and PayPal is making a big acquisition.
Forget the S&P 500 and the Dow Jones Industrial Average. The Standard & Poor’s 500 (SPX) fell 7.16 points Friday to 2712.97, and the Dow Jones Industrial Average (DJIA) rose 1.11 points to 24,715, both ending the week down 0.5%. Down for the week, too, were all the trendy hot stocks. Facebook (FB), Apple (AAPL), Amazon.com (AMZN), Netflix (NFLX) and Alphabet (GOOG) each fell, albeit only slight.
U.S. investors have turned a little less bearish on the stock market, but it isn’t because they’re suddenly optimistic. With Wall Street apparently aimless, showing few pronounced moves in either direction, market participants have apparently followed suit with their views on where things could be headed. According to the AAII Investor Sentiment Survey, just 20.6% of investors describe themselves as bearish, meaning they expect stocks to be lower six months from now.
Small-cap stocks are on a roll, hitting a string of records while their large-cap peers remain stuck in a narrow trading range, and the run of outsize gains may just be getting under way. The Russell 2000 (^RUT), the most popular index for small-cap stocks, has risen in 11 of the past 14 trading days, and it posted its third straight record close on Friday. Morgan Stanley said that the U.S. economy was in the later stages of its economic cycle, which it noted had historically been a weak period for small and midcap stocks in past cycles “because wage pressures and other costs tend to hit these companies harder as they have fewer levers to pull to offset” them.
U.S. stocks closed mostly lower on Friday, with major indexes posting modest weekly declines as investors grappled with lingering uncertainty over trade negotiations between the U.S. and China, as well ...
Stock-market investors are loving the unexpected surge in oil prices—at least for now. The answer, like the relationship between crude, the U.S. economy and the stock market, has a lot of moving parts. While investors and economists tend to focus on the tug of war between the positive boost to capital spending by oil producers versus the hit to consumer wallets from rising gasoline prices, the near-term threat to equities might manifest itself elsewhere.
2:00 PM The Dow Jones Industrial Average is slightly higher today, up 6.82, or 0.03%, to 24,720.80. The Nasdaq is in the red, down 19.60, or 0.27%, to 7362.87, and the Standard & Poor's 500 index is also slipping. Beer, not soup. Boston Beer (SAM) is trading at a multiyear high of $242 weeks after reporting a strong first quarter.
In Europe stocks were down amid political uncertainty regarding Italy. Germany’s DAX fell 26 points or 0.20% while in France the CAC 40 decreased three points or 0.07% and in London, the FTSE 100 was down 10 points or 0.13%. Meanwhile the pan-European Euro Stoxx 50 lost seven points or 0.21% while Spain’s IBEX 35 slumped 84 points or 0.83%.
Small caps were trying to keep up their momentum Friday morning, while blue chips looked tapped out. The broad Russell 2000 index (RUT) of small caps made a new record high of 1628.42 at the open before easing back, but it remained up 0.1% at around 1627 by midday. Rising stocks slightly outnumbered falling stocks, but volumes were larger on the decliners.
Schumer's message comes as the Trump administration meets with Chinese Vice Premier Liu He about striking a possible trade deal.
Between May 10 and May 17, US equity indexes’ correlations with US crude oil June futures were as follows: Dow Jones Industrial Average Index (DIA): -50.9% S&P 500 Index (SPY): -38.2% S&P Mid-Cap 400 Index (IVOO): -11.1%
Based on the early trade, the direction of the Dow today is likely to be determined by trader reaction to the downtrending Gann angle at 24767 and the pivot at 24787. Watch for the return of volatility. The daily chart indicates the way of least resistance is down.
U.S. stock markets ended lower on Thursday after President Donald Trump expressed doubts about the possibility of successful trade negotiations with China
President Trump expressed doubt about the prospects of successful trade talks with China on May 17. The second round of trade talks is underway in Washington between a Chinese trade delegation and top US officials to avert a trade war.