|Day's Range||2,752.68 - 2,764.17|
|52 Week Range||2,405.70 - 2,872.87|
Stocks ended mixed again on Friday, although the Dow Jones Industrial Average managed to snap its eight-day losing streak. •...unwind Red Hat's (RHT) double-digit plunge. Markets couldn't make a clean sweep Friday, but it was the Nasdaq that was the laggard.
The four major markets are the Dow Jones Industrial Average (^DJI), S&P 500 Index (^GSPC), Nasdaq 100 Index (XNAS:NDX) and Russell 2000 Index (^RUT). Some might argue that the Nasdaq Composite Index (^IXIC) is more important than the Nasdaq 100, but the Nasdaq Composite also has many small-cap stocks that are already included in the Russell 2000, so the Nasdaq 100 is a better indicator overall. With that, the Russell 2000 and the Nasdaq 100 are higher-beta markets, but with one material difference.
The S&P 500 Index ended May with gains of ~2.2% after declining for three consecutive months since January. The S&P 500 Index is still posting positive returns so far in June and remains in positive territory for the year. The Conference Board uses the performance of the S&P 500 Index as one the constituents of the LEI (Leading Economic Index).
On a day stocks advanced, CarMax reported better-than-expected quarterly results, and Red Hat issued a forecast that disappointed investors.
Energy stocks lead, supported by jump in crude pricesExxon shares were among top Dow gainers. U.S. stock benchmarks ended mostly higher on Friday as an OPEC-inspired rally in energy shares helped the Dow industrials halt a lengthy slide, but equities rang up weekly losses in a period pockmarked by a series of trade-related spats. What did the main benchmarks do?
World shares rose on Friday but still registered their biggest weekly decline in three months on continuing global trade tensions, while oil prices surged after OPEC decided on only modest increases in crude production. U.S. Treasury yields were little changed as risk appetite improved a bit though investors remained cautious over a trade conflict with China. "The market's saying we're a little nervous about a trade war but we really don't think there will be one," Gail Dudack, chief investment strategist at Dudack Research Group, said.
Bear markets are always painful. The enormous crash we saw during the Great Financial Crisis could possibly be the worst one we see in a generation. The next bear market could be even more painful for many investors, even if it’s not of the same order of magnitude as the last crash.
The Toronto Stock Exchange's S&P/TSX rose 114.99 points, or 0.70 percent, to 16,450.14. * The biggest contributor to the TSX gain was Whitecap Resources, while the energy sector provided the biggest boost. ...
Can you imagine how high the stock market would go if even a fraction of the nearly $3 trillion currently in money-market funds were invested in equities? The share of household financial assets currently invested in equities is already close to an all-time high. Where does the equity share currently stand?
For the week starting June 18, the S&P 500 Index (SPY) has fallen ~1.0% from last week’s close of $2,779.66 to $2,749.76 as of June 21. The S&P 500 Index experienced a volatile week, declining on June 18 and 19, then recovering most of the losses on June 20 before declining again on June 21.
Oftentimes, the most "boring" stocks are also the most profitable. Learn about four major positives to large-cap stocks and why they should be a big part of your portfolio.
From top dividend kings by yield to the best five you can buy and hold forever: Here's your complete guide to this elite group of dividend growth stocks.
The Dow Jones Industrial Average is up more than 150 points today and on the verge of breaking an eight-day losing streak as oil stocks surge following OPEC's decision to increase production. The Dow Jones Industrial Average is (finally) up today. There’s a lot riding on the Dow holding on to those gains through the rest of the afternoon: A ninth-consecutive negative close today would mark the index’s longest losing streak since February 1978, and only the 11th such period in its 122-year history.
The S&P 500 fell ~0.63% to 2,749.76 on June 21. The decline in crude oil prices pressured energy stocks, which in turn pressured the S&P 500 ahead of the OPEC meeting. Eight out of the 11 major sectors in the S&P 500 fell on June 21.
As President Donald Trump has announced and then implemented tariffs on foreign steel and aluminum, as well as an initial $50 billion of Chinese goods, his standings in polls have improved, the economy may record a GDP print north of 4% for the second quarter, and U.S. stocks (^DJI) have fared far better than Chinese ones (XSHG:000001.SS). Trump and close White House advisers such as Wilbur Ross and Peter Navarro are confident they can win a trade war if only for the straightforward logic that China exports far more to the U.S. than vice versa.
Many prominent fund managers such as Warren Buffett, Jamie Dimon, Bill Miller, and Jeffrey Gundlach are optimistic about the US economy. They think that the US economy is on track and that it’s showing improvement.
The S&P 500 gained 11 points or 0.41% to 2,761.92 as of 9:42 AM ET (13:42 GMT) while the Dow composite increased 144 points or 0.59% to 24,606.55 and tech heavy NASDAQ Composite fell over nine points or 0.13% to 7,703.28.
The Dow slid 2% on the week. For those keeping score in dollars, the Wilshire 5000 had a paper loss of $225 billion, or 0.7% What really weighed on the stock market was the escalation of the trade wars, notably with President Donald Trump calling for tariffs on an additional $200 billion of imports from China, on top of the levies on $50 billion already announced. Trump also threatened 20% tariffs on European autos, especially all the Mercedes autos parked on Fifth Avenue in Manhattan that have aroused his ire.
According to reports, the allied partners led by Saudi Arabia and Russia will aim to increase production to about 1 million barrels per day (bpd). However, reports went on to say that this figure represents about two-thirds of Saudi Arabia’s initial request.