|Day's Range||2,637.27 - 2,670.19|
|52 Week Range||2,532.69 - 2,940.91|
The Census Bureau will be releasing retail data on Friday.
The S&P 500 ended little changed after a volatile session on Thursday, as investors favored defensive sectors while the biggest drag came from financials and consumer discretionary stocks. Fred Katayama reports.
Asian shares tumbled on Friday after China reported a set of weak data, fanning fresh worries of a sharp slowdown in the world's second-biggest economy and leaving investors fretting over the wider impact of a yet unresolved Sino-U.S. trade dispute. Mainland China's benchmark Shanghai Composite and the blue-chip CSI 300 declined 0.6 percent and 0.9 percent, respectively, and Hong Kong's Hang Seng tumbled 1.6 percent. China's November retail sales grew at the weakest pace since 2003 and industrial output rose the least in nearly three years as domestic demand softened further, underlining rising risks to the economy as Beijing works to defuse a trade dispute with the United States.
Shares in Hong Kong and Japan bore the brunt of declines as equities fell across the region. Growth concerns were back in focus after European Central Bank President Mario Draghi said economic risks were moving to the downside, while in China retail sales and industrial production figures for November fell short of estimates.
Investing.com - The Dow closed higher Thursday, despite giving up most of its gains, as optimism over U.S.-China trade faded and weakness in financials weighed.
Greater China markets traded lower after the world's second largest economy reported a slew of economic data that missed expectations. The Bank of Japan's closely watched Tankan survey showed confidence among large Japanese manufacturers was steady in December compared to three months ago. Hong Kong's Hang Seng Index fell by 1.55 percent after China reported that industrial production in November grew 5.4 percent year-on-year, lower than the 5.9 percent that Reuters projected.
An upgrade pushed the conglomerate’s stock higher, while the Dow Jones Industrial Average rose 0.3% to close at 24,597.38. The Nasdaq Composite slipped 0.4%, ending at 7070.33.
Technical analysts watch the stocks of transportation companies, the lifeblood of the economy, as an important part of the market that needs to show some strength before the broader market can recover. The Dow Jones Transports were down 1.6 percent Thursday and were down 6.8 percent in the past week and 10.6 percent since the start of the month. Transportation stocks have hit the skids and are looking worse than the broader market, a trend that needs to reverse for stocks to stabilize.
A gauge of world equities was little changed after giving up early gains on Thursday, continuing a pattern seen for the past several sessions, while the euro eased after the European Central Bank formally ended its bond purchasing scheme. In the United States, the S&P and Nasdaq finished in the red while the Dow closed well off its session highs as cautious trade optimism faded. Investors get excited in the morning and then their fears come back," said Omar Aguilar, chief investment officer of equities at Charles Schwab Investment Management in San Francisco.
The Toronto Stock Exchange's S&P/TSX fell 32.71 points, or 0.22 percent, to 14,750.35. Leading the index were Empire Company Ltd , up 10.7 percent, AltaGas Ltd , up 9.7 percent, and Baytex Energy Corp ...
The dollar jumped after the European Central Bank sounded a cautious note on growth. The S&P 500 Index finished the session little changed, with about three decliners in the benchmark for every two that rose. The Dow Jones Industrial Average eked out a gain, led by Procter & Gamble and McDonald’s. The greenback edged higher as U.S. jobless claims came in below estimates.
Four experts weigh in on what effects earnings, economic data and the Fed could have on the markets next year. • Jeff Saut, chief investment strategist at Raymond James, thinks we've hit a low, and the fleeting hopes of a so-called Santa Claus rally could come to fruition. If that low holds up, I think you've started the Santa Claus rally." Saut is also optimistic that the rally will continue into the new year, and that growth will keep going strong.