|Day's Range||7,795.7402 - 7,849.6685|
|52 Week Range||6,177.1899 - 7,933.3101|
Tencent Holdings Stock: What Could Keep Driving It? The good news for Tencent is that the domestic gaming revenue in China (FXI) has been projected at $42 billion by 2022, according to gamesindustry.biz. China contributes 25% of the global gaming industry revenue, followed by the United States.
Stocks traded sharply higher on Thursday on renewed hope that a resolution to a trade dispute with China could be on the horizon. Investors also cheered strong quarterly results from Walmart.
U.S. stocks tumbled Wednesday in a broad selloff led by the energy and materials sectors, as the Dow Jones Industrial Average and S&P 500 posted their fifth decline in the past six sessions. After mostly rising to start the month on the back of strong corporate-earnings reports, U.S. stocks have been pressured in recent sessions as investors worry that Turkey’s economic crisis could spread to other emerging markets. Some investors expect steady U.S. earnings and economic growth to continue supporting major indexes, but analysts say the market is starting to pay more attention to the challenges gripping other countries.
Disappointing Chinese data and a strong dollar are among the factors pressuring the industrial metal. Tom Essaye, founder of the Sevens Report, says copper's decline could also signal a volatility spike in risk assets like equities. Copper prices hit their lowest levels in 13 months on Wednesday and entered a bear market, potentially signaling an economic slowdown is happening around the world.
BAML (Bank of America Merrill Lynch) conducted a survey that polled 243 global investors with $735 billion in total assets under management from August 3 to 9.
Shares of retailers took a thrashing Wednesday with Macy's and Dillard's leading the rout, tumbling by 16 percent and 10.8 percent, respectively.
Macy's and J.C. Penney led a rout in retail shares Wednesday morning. Several retailers stocks fell by double digits in early morning trading as the Dow sank by more than 300 points. Shares of retailers took a thrashing Wednesday with Macy's M and J.C. Penney JCP leading the rout, tumbling by as much as 14.3 percent and 11 percent, respectively, in early morning trading.
U.S. stocks fell on Wednesday as lingering concerns over Turkey's financial crisis weighed on investor sentiment. Declines in tech shares and banks also pressured the broader indexes.
U.S. stocks climbed Tuesday, halting four-session losing streaks for the Dow Jones Industrial Average and S&P 500, as concerns over the Turkish lira’s recent slide appeared to ease. The Dow industrials added 112.22 points, or 0.4%, to 25299.92, while the S&P 500 gained 18.03 points, or 0.6%, to 2839.96. Stocks have been under pressure in recent sessions, as investors worried that Turkey’s economic crisis could spread to other emerging markets.
Markets ended lower on Monday as Turkey???s financial crisis deepened denting investors??? confidence once again, leading to huge selloffs in financial stocks.
Geopolitical risks have been significant for equity investors this year. Toward the end of 2017, we saw some upward momentum in the equity markets. Metals and mining stocks such as Freeport-McMoRan (FCX) were among the biggest gainers in December 2017 as the bulls pitched the idea of synchronized global growth for 2018.
Want to know why the Dow Jones Industrial Average is doing what it's doing? 7:30 a.m. Turkey is so yesterday's news, or at least that's what the market would have you believe. S&P 500 futures have risen 0.4%e, while Dow Jones Industrial Average futures have gained 92 points, or 0.4%.
HP (HPQ) stock has returned 26% in the last 12 months, 4% in the last month, and 6.3% in the last three months. It rose 30% in 2016 and 46% in 2017. Since the start of 2018, it has risen 15.5%.
Asian markets closed mixed on Tuesday, with some major markets bouncing back after sliding in the last session. The Nikkei 225 led the advance as markets appeared to shrug off uncertainty linked to Turkey. Greater China markets lagged gains seen elsewhere in the region as investors digested data.
Stocks on Monday fell for a fourth straight day and will look to get a jumpstart from Home Depot and Tapestry, both reporting earnings before the market open on Tuesday.
Manic Monday. If you thought we left worries about Turkey behind last week, you’d be sorely mistaken. Stocks sold off across the board Monday, accelerating from early declines to end lower despite an attempt to rally this morning. •...highlight the market leading jump in Nielsen Holdings (NLSN). Stocks started the week on a downbeat note, and once again it’s Turkey’s fault.
Turkey will not fall. The lira strengthened momentarily, only to plunge again as President Recep Tayyip Erdogan alleged that the U.S.'s use of sanctions was a "stab in the back against Turkey." U.S. stocks continue to feel the pain. •...note Deutsche Bank's (DB) stock has been dinged, because of its Turkey exposure.
Want to know why the Dow Jones Industrial Average is doing what it's doing? After falling early, then rising throughout the morning, the market have turned lower once again, as Turkey continues to dominate the headlines. The S&P 500 has dipped 0.1% to 2831.45, while the Dow Jones Industrial Average has dropped 49.54 points, or 0.2%, to 25,263.60.
Yahoo Finance's LIVE market coverage and analysis of stocks and bonds begins each day at 11:30 a.m. ET.