Previous Close | 33,573.28 |
Open | 33,562.47 |
Volume |
Day's Range | 33,546.11 - 33,708.78 |
52 Week Range | 28,660.94 - 34,712.28 |
Avg. Volume | 317,453,809 |
US stocks wavered Wednesday after an unexpected interest rate hike from Canada, a surprise drop in Chinese exports and economic headwinds flagged by the Paris-based Organization for Economic Cooperation and Development (OECD) stoked fresh concerns about global growth.
Some strategists are raising red flags about the market rally. But David Mazza, Roundhill Investments Chief Strategy Officer, says "we may be at the start at one of the greatest FOMO trades we have ever seen." Mazza warns that "could change in a heartbeat," but he makes the case that there is a lot of cash on the sidelines that could still come into the market.
ALSO: Stablecoin balances may provide additional insight into price direction.
Investing.com - U.S. stock futures were trading in a tight range during Wednesday's evening deals, after a mixed session among major benchmark averages as the recent AI-driven tech rally paused, while the Dow outperformed.
Investing.com -- The Dow closed higher Wednesday, led by energy and materials but tech cooled its recent march higher ahead to the Federal Reserve decision slated for next week.
These Dow Jones laggards logged double-digit declines in May. Are their fortunes turning, or is more misery on the way?
U.S. stocks were mixed as investors looked forward to the Federal Reserve’s next meeting and new information on inflation. At 11:13 ET (15:13 GMT), the Dow Jones Industrial Average was up 27 points or 0.1%, while the S&P 500 was down 0.1% and the NASDAQ Composite was down 0.5%. Earnings season is winding down as investors prepare for the Fed’s rate decision next week.
Style Box ETF report for DJD
Wall Street stocks followed Europe, mainly slipping into the red on news that US mortgage approvals for home purchases fell to their lowest level in nearly 30 years in May.
U.S. stock markets closed marginally higher on Tuesday after a choppy session.
U.S. stocks are seen opening largely unchanged Wednesday, consolidating recent gains amid uncertainty over the global economic outlook ahead of next week’s Federal Reserve policy-setting meeting. At 06:55 ET (10:55 GMT), the Dow Futures contract was down 10 points, or 0.1%, S&P 500 Futures traded 2 points, or 0.1%, higher, while Nasdaq 100 Futures traded largely flat. The tech-heavy Nasdaq Composite gained 0.4%, registering its highest close this year, while the blue chip Dow Jones Industrial Average gained just 10 points.
Investing.com -- Investors attempt to gauge the outlook for the cryptocurrency industry after the U.S. securities regulator sues two major crypto exchanges. Elsewhere, Chinese trade data points to sluggishness in the post-COVID recovery for the world's second-biggest economy, while the OECD marginally upgrades its global growth outlook for 2023.
The S&P 500's surge to start 2023 has investors increasingly wary on what might happen next for markets.
Investing.com - U.S. stock futures were trading steady during Tuesday's evening deals, after major benchmark averages posted a positive session with the S&P 500 closing near 10-month highs.
The S&P 500 flirted with a bull market as regional banks dominated the list of best-performing stocks in the index.
U.S. stocks closed up on Tuesday, helped by some advances in economically sensitive sectors, as investors awaited inflation data and the Federal Reserve's policy meet next week. Inflation data is expected to show consumer prices cooled slightly on a month-over-month basis in May but core prices are likely to have remained elevated, and the Fed is widely expected to hold interest rates.
Analysts are raising their targets for the S&P 500 as the artificial intelligence hype pushes tech stocks further. Threadneedle Strategies Founder Ann Berry joins Yahoo Finance Live to evaluate AI growth drivers, the World Bank's forecast for emerging markets, and the state of commercial real estate as mortgage rates remain elevated.
Coinbase, one of the world’s largest cryptocurrency exchanges, has been sued by US regulators a day after the Securities and Exchange Commission (SEC) alleged Binance and its founder had broken trading laws.
With major share markets all in the black, investors might think that stocks are set to rise further. Australia's central bank delivered a surprise interest rate hike on Tuesday, and while investors mostly expect the Federal Reserve to abstain from raising rates next week, some analysts cautioned that more rate hikes by the Fed are on the cards.
The S&P 500 and Nasdaq rose on Tuesday as banks led a rally in economically sensitive sectors, while investors awaited inflation data and the Federal Reserve's policy meet next week. Inflation data is expected to show consumer prices cooled slightly on a month-over-month basis in May but core prices are likely to have remained elevated, while the Fed is widely expected to hold interest rates.
Investing.com -- The Dow ended the day above the flatline Tuesday after cutting gains into the close as renewed investor appetite for regional banking stocks and a climb in tech helped offset losses in health care stocks.
With major share markets all in the black, investors might think that stocks are set to rise further. Australia's central bank delivered a surprise interest rate hike on Tuesday, and while investors mostly expect the Federal Reserve to abstain from raising rates next week, some analysts cautioned that more rate hikes by the Fed are on the cards.
Wall Street's main indexes slipped on Tuesday as investors assessed odds of an interest rate pause by the Federal Reserve at its policy meeting next week, with mixed economic data adding to uncertainty around the rate path. While that signaled the Fed's monetary tightening was cooling the world's largest economy, it followed strong monthly jobs data last week, clouding the outlook for the Fed's policy. "The market is on pause now until we get to the Fed meeting and the inflation data."