|Day's Range||7,230.0396 - 7,277.4492|
|52 Week Range||5,880.2002 - 7,637.2700|
Amazon has confirmed that over 100 million people pay the company to be Prime members, higher than previous estimates. This is the first time the company confirmed this membership data.
If they’re a harbinger of the rest of earnings season, then stocks will likely move higher as more companies report. The other big reason for the rebound is that “Trump risk” appears lower now than it did when I wrote about it a month ago, largely because talk of a full-blown trade war with China has diminished.
U.S. stock-index futures point to a slightly lower open Thursday. Equities are staying on course for a weekly gain, boosted by enthusiasm over earnings.
On Tuesday, April 17, 2018, leading investment firm Morgan Stanley (MS) shared its views on the bull market in a research report. According to the report, the positive impact of the fiscal policy has already been priced into the market movement and won’t add more value to any future movement. The bull market has been mainly driven by the expectation of a huge tax reform and improved government spending.
U.S. stock indexes on Thursday opened slightly lower, with the Dow set to mark a second downbeat day in a row and the broader market benchmarks poised to snap a three-session string of gains. The Dow Jones ...
Long-dated Treasury yields early Thursday traded at the highest level in nearly a month, but shorter maturities saw a slight pullback in rates, as investors pored over corporate quarterly results and concerns about geopolitical tensions and tariffs subsided. Looking ahead, bond investors are anticipating a series of data on employment and business conditions, which can help gauge the health of the economy and the pace at which the Federal Reserve will look to normalize interest rates. The benchmark 10-year Treasury note yield (XTUP:TMUBMUSD10Y=X) rose 2.6 basis points to 2.893%, after yields surged by the most in a day since Feb. 14 late Wednesday.
Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, recently shared his views on the current trade war talk and the rising concern about other geopolitical tensions in a LinkedIn blog post. Ray Dalio said, “Donald Trump threatening to raise the stakes by $100 billion and the Chinese promptly indicating that they will match the moves dollar for dollar and step by step took me and people closer than me to the negotiations by surprise.
Want to know why the Dow Jones Industrial Average and other major indexes are doing what they're doing? 7:35 a.m. The S&P 500 has started the week off with three days of gains. S&P 500 futures have dipped 0.1%, while Dow Jones Industrial Average futures have declined 11 points.
Taiwan Semiconductor (TSM) missed and warned today. They lowered 2Q revenue guidance to $7.8-$7.9 billion. The street was at $8.82 billion. They blamed it on smart phone slowing. Mizuho securities also warned today that Apple’s (AAPL) forward guide would have to come down as well.
U.S. stocks opened lower on Thursday after a major Asian chipmaker delivered a disappointing forecast which dragged the technology sector lower.
U.S. stock futures pointed to muted action at the open Thursday, putting the equity market on track to catch its breath after the Dow dipped in the prior session, while the S&P 500 and Nasdaq Composite edged higher. Futures for the Dow Jones Industrial Average dipped by 5 points, or less than 0.1%, to 24,728, while those for the S&P 500 slipped by 1.70 points to 2,708.