|Day's Range||2,707.38 - 2,731.97|
|52 Week Range||2,403.59 - 2,872.87|
If history is any guide, stock investors should not be afraid of the signals coming from the bond market, UBS strategists say. At least, not yet.
Shares sank worldwide on Thursday as U.S. President Donald Trump canceled a planned June meeting with North Korean leader Kim Jong Un, while tariff fears hit auto stocks and safety buying ramped up. Trump, in a letter to North Korea released by the White House, called off the June 12 summit, citing "tremendous anger and open hostility" in a recent statement by Pyongyang. The cancellation came even after North Korea followed through on a pledge to blow up tunnels at its nuclear test site.
U.S. stocks finish in the red on Thursday as a sharp decline in the energy-related shares pressured the broader market.
There are a lot of risks piling up for stocksAFP/Getty ImagesDMAMBMCMDMEMGPREVIEWZBZBRZDZDRZFZGZQZRZSZTZUStock market bulls might consider this column to be a hate read, as bears have been wrong for a good nine years now.
Nutanix Inc. shares dropped more than 7% before taking back some of those losses and trading down 4.2% in the extended session Thursday after the company missed analyst earnings expectations. The cloud computing company's shares fell 1.6% to $55.37 during regular trading. The company reported fiscal third-quarter net losses of $85.7 million, or 51 cents a share, compared with losses of $96.8 million, or 67 cents a share, in the year-ago period.
* The Toronto Stock Exchange's S&P/TSX fell 20.18 points, or 0.13 percent, to 16,113.62. * The biggest contributor to the TSX loss was Royal Bank of Canada, weighing by 20.84 index points. Energy was the ...
U.S. stocks closed modestly lower on Thursday, with energy stocks leading the decline as crude-oil prices fell. The Dow Jones Industrial Average fell 0.3% to 24,811. The S&P 500 slid 0.2% to 2,728. The ...
Harvey Weinstein is expected to surrender to authorities on Friday on sexual-misconduct charges, according to reports Thursday afternoon. The disgraced movie mogul has been the subject of criminal probes ...
"Looking at the last 20 years — all cases of higher interest rates have been met with a market that's gone higher," investor Bill Miller said, according to notes from a call published May 15. For example, Miller pointed out that d uring the bull market of 1980, bond yields rose 210 basis points and the market was up 26 percent. Higher interest rates are good for the stock market, noted investor Bill Miller said in call about the first quarter for markets.
Shares of Hormel Foods Corp. and Sanderson Farms Inc. fell more than 4% Thursday after their quarterly earnings came in short of expectations with both highlighting the inflationary pressures that have weighed on many food companies this season. Sanderson Farms’ stock(SAFM)was down 4.8% and is down about 27% on the year.
North Korea was in the headlines again Thursday, and the stock market wasn't all that keen on the news — at least in the early going. The Dow Jones lagged, weighed down by weakness in Exxon Mobil and Chevron.
The market bears are still dozing as investors quickly capitalized on early losses and pushed the Nasdaq back near break-even. China's ZTO Express broke out.
CNBC reports that bank’s derivatives flow team netted $200 million as VIX posted historic February spikeTraders at Goldman had a good day on VIX bets. Earlier this year, Goldman Sachs booked a roughly $200 million gain in one day, partly on bets that a long-dormant gauge of volatility would surge, ending a protracted period of placidity on Wall Street. The prominent investment bank’s trading desk centered on derivative flows produced the big daily return as a so-called market maker rather than buying the assets for its own account, CNBC reported on Wednesday.