|Day's Range||2,805.89 - 2,816.76|
|52 Week Range||2,417.35 - 2,872.87|
Investing.com – Asian stocks were mostly higher in morning trade on Thursday, taking cues from Wall Street's advance as banking earnings pushed U.S. equities higher.
Asian shares extended early gains on Thursday as upbeat Wall Street earnings buoyed global investor sentiment, although trade war jitters pushed China's yuan to fresh one-year lows in both the onshore and offshore markets. The dollar retreated from a three-week high as investors cashed in on gains the currency made after U.S. Federal Reserve Chairman Jerome Powell's two-day testimony reinforced a strong economic outlook. "While strong U.S. corporate earnings certainly helped boost sentiments, but that's not enough to push the stocks meaningfully higher from here," said Yasuo Sakuma, chief investment officer at Libra Investments.
U.S. stocks rose Wednesday as investors parsed another wave of U.S. earnings reports and the Federal Reserve signalled the economy is accelerating. Corporate earnings season is off to a robust start, with about 8% of firms in the S&P 500 having reported so far. Investors hope that earnings season will offer a spark for stocks, which were under pressure for much of June amid trade-related worries.
The deluge of money flooding into and out of passive investments can have a very active effect on stock prices, new research says. The report, from the data and research arm of S&P Global Inc., a major provider of financial-market indexes, is the latest salvo in a long-running debate about the pressure index funds exert on the stocks and bonds they are meant to track. The resurgence of market turbulence this year intensified concerns that an exodus from index funds could trigger an avalanche of forced selling.
Asian stocks were mixed on Thursday, with some markets losing steam after initially gaining on the back of Wall Street's advance on strong earnings. White House economic advisor Larry Kudlow said trade talks with China had stalled. Asian stocks traded mixed on Thursday, with some markets losing steam after initially trading higher on the back of Wall Street's earnings-led advance.
A milestone of sorts was passed Tuesday when the three-month Treasury bill yield rose above the 2% mark for the first time since June 2008, just before the global financial crisis erupted in earnest. By the end of that year, the Federal Reserve slashed its key federal-funds target interest rate to virtually zero, where it stood until late December. Since then, the Fed has gradually lifted its fed-funds target range, to 1.75%-2% currently.
The Dow Jones Industrial Average rose for a fifth day in a row, while the S&P 500 continued its assault on 2900. •...highlight the downgrade that sent Clorox (CLX) tumbling. The S&P 500 rose 0.2% to 2815.62 today, while the Dow Jones Industrial Average gained 79.40 points, or 0.2%, to 25,199.29.
On a day stocks rose on optimism over earnings and the economy, United Continental reported strong profit growth and Cara Therapeutics announced a secondary offering.
Stocks on major world markets climbed to a one-month high on Wednesday after a raft of strong corporate earnings, while the U.S. dollar hit a three-week high against major currencies. Stock markets were also supported by Federal Reserve chairman Jerome Powell reiterating that the U.S. economy was healthy, even though he warned that rising world protectionism would over time pose a risk to the global economic expansion.
- The Toronto Stock Exchange's S&P/TSX fell 41.84 points, or 0.25 percent, to 16,477.40. - The biggest contributor to the TSX loss was Enbridge, weighing on the index by 5.78 points. Following suit, energy ...
While fund managers are bullish on US equities (SPY), there is still no lack of concern. In the BAML (Bank of America Merrill Lynch) July 2018 survey, for the third month in the last five months, trade war concerns were cited as the top concern of global fund managers. A total of 60% of the fund managers surveyed cited the trade war risk as the top tail risk.
The S&P 500 gained a quarter of a point, or 0.01%, to 2,809.79 as of 9:37 AM ET (13:37 GMT), while the Dow decreased 10 points, or 0.04%, to 25,109.01 and the tech-heavy NASDAQ Composite was down four points, or 0.06%, to 7,850.33.
BAML (Bank of America Merrill Lynch) conducted a survey that polled 178 global investors with $663 billion in assets under management from July 6–12. According to the survey, fund managers are turning increasingly bearish on corporate and economic performance prospects.
Forty-eight companies have disclosed second quarter profit and revenue well above expectations. Textron beat by 25 percent, WW Grainger by 17 percent and Morgan Stanley by 13 percent. With 10 percent of companies in the S&P 500 reporting as of Wednesday morning, it looks like another above-trend quarter.
With 10 percent of S&P 500 companies reporting as of Wednesday morning, it looks like another above-trend quarter.
Let's put Steelcase Inc. (SCS) stock into this equation and find out if it is a good choice for value-oriented investors right now.
The S&P 500 hit a five-month high and the Dow rose for a fifth straight session on Wednesday as solid earnings boosted financial and industrial stocks. Fred Katayama reports.