|Day's Range||2,659.14 - 2,679.63|
|52 Week Range||2,233.62 - 2,679.63|
CSX CEO Hunter Harrison died Saturday from complications from an undisclosed illness. The rail operator's stock plunged Friday on word that he was taking a medical leave of absence.
Political events in 2018 reveal a historical trend that could stall the market rally, says one strategist.
U.S. stocks have been trading near record levels all year, but that hasn’t stopped companies from buying back more of their own stock.
Even as pundits play down the possibility of government coming to a screeching halt, the threat may keep some jittery investors sidelined.
The Walt Disney Co. on Thursday said it would buy selected assets of 21st Century Fox, in the latest multibillion-dollar deal of 2017. Also on Thursday, details began to emerge over the Republican tax ...
Businesses are getting a profit windfall from the Republican tax bill, but after this year’s stock market rally, the gains won’t make their shares look cheap.
The Dow Jones Industrial Average climbed to a fresh high Friday as investors bet that a tax-overhaul plan before Congress will pass, likely boosting profits for many U.S. companies.
The S&P 500 broke down during the week, breaking above the top of the hammer from the previous week, which of course is a sign that we are ready to continue to see a bullish market. I think at this point, 2700 is an obvious target.
The S&P 500 had a very bullish session on Marco Rubio suggested that he would support the tax plan coming out of the Republican Congress, making it much more likely that we will see tax reform in America finally.
Thank goodness for tax reform. While Americans are divided about the impact of tax reform, as they are about most things these days, other countries aren’t so conflicted. Most notably, China worries about the effect of the U.S. slashing its corporate tax rate from a statutory 35% currently to 21%, which reportedly was agreed to by House-Senate conferees.
Stocks finished the week at all-time highs as the Republicans in Congress inched closer to passing their tax reform bill. The Nasdaq Composite climbed 1.4% this week after jumped 1.2% to 6936.58 today.
Congress could give corporate America one giant gift-wrapped tax package next week, and that could help fuel an even higher-octane Santa rally in stocks.
Shares gained worldwide on Friday and Wall Street notched closing record highs on U.S. tax legislation optimism, while the U.S. yield curve turned its flattest in a decade after the Federal Reserve hiked ...
When volatility is already very low, equity valuations high, monetary policy on a tightening path and lots of geopolitical uncertainty, it is only logical to expect more pullbacks along the way.
All three main U.S. stock-market benchmarks close at fresh records on Friday and book weekly gains, as investors grow optimistic about the progress of the Republican-led tax cut bill.
CSX slid $4.38, or 7.6%, to $52.93, while the S&P 500 rose 23.80 points, or 0.90%, to 2675.81. The stock took a hit after CSX announced late yesterday that CEO E. Hunter Harrison is taking medical leave. The company attributed it to "unexpected complications from a recent illness." The Board of Directors named COO James Foote as acting CEO of the company.
Under Armour (UAA) dominated the S&P 500 on Friday, following an upgrade from Stifel. Under Armour Class A shares rose $1.35, or 9.8% to $15.17, while Class C shares gained $1.17, or 9.4%, to $13.62, while the S&P 500 rose 23.80 points, or 0.90%, to 2675.81. The shares got a boost from an upgrade by analyst Jim Duffy, who wrote that the brand is at a critical juncture. By contrast, yesterday Deutsche Bank reiterated a Sell rating on the stock, although it raised its price target by $1 to $12--but it thinks that other athletic retailers are back in the game. Under Armour Class A shares are down 47.8% this year, while Class C shares have lost 45.9% since the start of 2017.
Tax reform charged a hot session Friday that left the Dow, Nasdaq and S&P 500 all at new highs for the first time since Nov. 28.
Stocks rallied to record highs as Trump tax cuts moved closer to final passage. Disney is buying most of Fox and launched "The Last Jedi." The Fed still sees 3 hikes in 2018, while the FCC ended net neutrality.
All main stock benchmarks closed at records on Friday with the S&P 500 and the Dow Jones Industrial Average extending their weekly winning streak to four as Republicans prepared to outline their final ...