|Day's Range||8,121.25 - 8,165.33|
|52 Week Range||6,190.17 - 8,339.64|
Outspoken former White House Communications Director Anthony Scaramucci claims the president is 'unhinged' and in 'steady decline.'
The S&P 500 ended the day down slightly on Friday but less than 1% below its all-time high as a drop in Apple stock countered cooling U.S.-China trade tensions. All three major U.S. stock indexes posted their third straight weekly gains, capping a week that saw signs of a potential thaw in the trade war between the world's two largest economies, which has gripped markets for months.
Wall Street was mixed on Friday, with the S&P 500 and the Dow hovering just below all-time highs as cautious optimism regarding easing U.S.-China trade tensions was held in check by a drop in Apple stock. Tariff-vulnerable industrials helped keep the blue chip Dow in positive territory, which was on track for its eighth straight daily advance, its longest winning streak since May 2018.
The S&P 500 ended the day down slightly on Friday but less than 1% below its all-time high as a drop in Apple stock countered cooling U.S.-China trade tensions. Tariff-vulnerable industrials helped keep the blue-chip Dow in positive territory, which has now gained in eight straight sessions, its longest winning streak since May 2018. All three major U.S. stock indexes posted their third straight weekly gains, capping a week that saw signs of a potential thaw in the trade war between the world's two largest economies, which has gripped markets for months.
Losses in shares of U.S. technology majors Apple and Broadcom held the S&P 500 just under record levels on Friday, as traders balanced the latest indicators of an uncertain global growth outlook with perceived progress in Sino-U.S. trade relations. Broadcom Inc, among the world's biggest chipmakers, weighed on the tech-heavy Nasdaq with a 2.6% fall, after it said in results late on Thursday that demand for microchips had bottomed out and that a recovery was not yet on the cards.
Losses in shares of U.S. technology majors Apple and Broadcom set Wall Street for a subdued end to the week, as traders balanced the latest indicators of uncertain global growth outlook with perceived progress in Sino-U.S. trade relations. Broadcom Inc, among the world's biggest chipmakers, weighed on the tech-heavy Nasdaq after it said in results late on Thursday that demand for microchips had bottomed out and that a recovery was not yet on the cards.
Global markets rise on trade hopes but new records for the indices and a trade deal may be elusive.
Paul Schatz, president of Heritage Capital, says investors aren't reacting to every twist and turn of U.S.-China trade war anymore.
Wall Street advanced on Thursday, and the S&P 500 hovered a hair's breadth below its all-time high, buoyed by positive developments on the U.S.-China trade front and a promise of continued stimulus from the European Central Bank. Gains in technology shares helped push all three major U.S. stock indexes into the black.
A gauge of global stock markets reached a six-week high in choppy trading on Thursday after new hints of progress in the U.S.-China trade dispute, sending bond yields off lows hit earlier in the wake of the European Central Bank's new stimulus measures. On Wall Street, major equity indexes were buffeted by conflicting reports about whether Trump administration officials had considered offering a limited trade deal to China, moving to early highs before quickly paring gains. Stocks have been getting a lift recently from recent signs of a thaw in negotiations between the world's two largest economies, including the announcement by China of some tariff exemptions on Wednesday.
The S&P 500 inched closer to its all-time high on Thursday, after a stimulus drive by the European Central Bank added to an upbeat mood from trade concessions by Washington and Beijing ahead of planned negotiations in October. President Donald Trump said the United States would delay increasing tariffs on $250 billion worth of Chinese imports, after Beijing exempted some U.S. goods from additional levies. Trade-sensitive technology stocks provided the biggest boost among the 11 major S&P 500 sectors, taking the benchmark index just 0.3% off the record-high hit in July.
Wall Street advanced on Thursday, and the S&P 500 ended the session within striking distance of its all-time closing high, buoyed by positive developments on the U.S.-China trade front and a promise of continued stimulus from the European Central Bank. Technology gains led the S&P 500 and the Nasdaq higher, while financials gave the biggest boost to the blue-chip Dow, which closed up for the seventh consecutive session, its longest winning streak since May. Stocks rose worldwide as China and the United States made concessions ahead of next month's planned talks in Washington, aimed at easing a trade war that has whipsawed markets and stoked recessionary fears for months.
Global markets rise on trade hopes and stimulus plans, the S&P; 500 is striking distance from new all-time highs.
The markets are currently pricing in a third rate cut for December, but higher CPI on top of the surprise jump in PPI, will raise doubts. If the FOMC feels that this third cut is unwarranted, then look for policymakers to address this in their statement. This will be the source of volatility next week and into the near future.
(Bloomberg) -- U.S. stock index futures rose after President Donald Trump said on Twitter that an increase in tariffs on Chinese goods would be moved to Oct. 15 from Oct. 1.S&P 500 Index futures expiring in December advanced as much as 0.6% by 8:31 a.m. in Tokyo. Contracts added 0.6% on the Nasdaq 100 and climbed 0.5% on the Dow Jones Industrial Average. “We have agreed, as a gesture of good will, to move the increased Tariffs on 250 Billion Dollars worth of goods (25% to 30%), from October 1st to October 15th,” Trump said on Twitter.“It could add to the positive momentum that we’ve already got from the U.S. session,” said Nick Twidale, director and co-founder of X-Chainge in Sydney. “If it coincides with the negotiation teams from China and the U.S. meeting before Oct. 15, then it increases hope that the U.S. could delay tariff implementation even further.”Stocks rallied on Wednesday, with the Nasdaq Composite Index rising to the highest level since July, as the rotation from momentum to value shares that began at the start of the week slowed.\--With assistance from Abhishek Vishnoi.To contact the reporter on this story: Naoto Hosoda in Tokyo at firstname.lastname@example.orgTo contact the editors responsible for this story: Lianting Tu at email@example.com, Teo Chian WeiFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
A gauge of global equity markets climbed on Wednesday, amid small signs of progress in the trade war between the United States and China, while bond yields rose as investors remained unsure what stimulus measures the European Central Bank will provide at its Thursday meeting. The 10-year yield hit a high of 1.752%, its highest level in just over a month.
Wall Street was pushed higher on Wednesday by tariff-sensitive technology and industrial shares after China extended an olive branch ahead of next month's trade negotiations with the United States. Apple Inc led the charge, buoying all three major stock averages the day after it unveiled its latest iPhone upgrade and announced the launch date of its Apple TV+ streaming service. The blue-chip Dow was on course for its sixth straight daily advance.
Trump blasts the FOMC again as we gear up or another meeting, he wants zero interest rates but the data just doesn’t support it.
Wall Street rose on Wednesday, boosted by Apple Inc after the launch of its latest iPhones, while investor nerves were also soothed by China's move to ease trade tensions with the United States. Shares of the Silicon Valley giant rose 2.79%, as it also rolled out a streaming TV service at a price that undercuts Walt Disney Co and Netflix Inc.
Stocks actually spent most of the session under pressure, but a late session rally helped the S&P; 500 and Dow erase those early losses. The late surge was fueled by a recovery in industrial, energy and health care stocks. Higher U.S. Treasury yields helped bank stocks post solid gains.
* China producer prices notch biggest drop in 3 years * Tech stocks weigh on S&P 500, Nasdaq * Ford falls as Moody's downgrades bonds to junk * Treasury yields hit four-week highs * Dow up 0.28%, S&P up 0.03%, Nasdaq off 0.04% (New throughout, updates prices, market activity and comments to market close) By Stephen Culp NEW YORK, Sept 10 (Reuters) - The S&P 500 ended little changed on Tuesday, with a rally in energy and industrial shares countering a drop in the technology and real estate sectors as investors favored value over growth. Industrials pulled the blue-chip Dow slightly higher and led the bellwether S&P 500's nominal advance, while the tech-heavy Nasdaq posted its third straight decline.