Category: Market News

U.S. stock index futures indicated on Wednesday a rebound from the previous session’s losses

Posted on January 22, 2020

At around 7:10 a.m. ET, Dow Jones Industrial Average futures were up 88 points, indicating a gain of 110 points at the open. S&P 500 and Nasdaq 100 futures also pointed to a solid open. IBM shares climbed more than 4% in the premarket on the back of quarterly numbers that beat analyst expectations. The

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Concerns over a new strain of pneumonia in China spooked risk investment worldwide.

Posted on January 21, 2020

Experts called back the economic fallout from the deadly Severe Acute Respiratory Syndrome (SARS) crisis in 2003, and the news sent investors fleeing from risk assets in Asia overnight, a trend which looks set to continue into the open on Wall Street. U.S. stock markets were closed on Monday for Martin Luther King Jr. Day

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In the U.S., housing starts soared nearly 17% in December and reached a 13-year high.

Posted on January 17, 2020

That data follows Thursday’s release of better-than-forecast weekly jobless claims and strong business activity numbers from the Philadelphia Federal Reserve. Friday’s gains added to an already solid weekly performance. Through Thursday’s close, S&P 500 and Dow are up more than 1.5% each while the Nasdaq is up nearly 2%. Stocks opened at record highs on

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U.S. stock index futures were higher Thursday morning ahead of another batch of corporate earnings.

Posted on January 16, 2020

U.S. equities gave up most of their gains Wednesday, after a much-anticipated ceremony at the White House where President Donald Trump and Chinese Vice Premier Liu He signed a “phase one” trade deal. Under the agreement, China is set to buy an additional $200 billion in U.S. goods over the next two years. As a

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The U.S. and China are about to declare a pause in their trade war

Posted on January 15, 2020

The Trump administration’s immediate focus is tightening restrictions on Huawei Technologies Co., the giant Chinese telecommunications company that the White House and Congress view as a national security threat. The Commerce Department recently sent to the Office of Management and Budget new regulations that would largely eliminate a loophole that allowed U.S. companies to sell

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Investors will be keeping an eye on earnings.

Posted on January 14, 2020

Some of the biggest lenders officially opening the latest round of corporate releases. Citigroup, JP Morgan Chase and Wells Fargo are due to report before the bell. Delta airlines is also set to update investors Tuesday. On Monday, U.S. equities resumed the rally seen since last week after the United States removed China from a

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Investors are monitoring U.S.-China trade

Posted on January 13, 2020

Chinese delegation is due to travel to Washington, D.C., Monday for the signing of the phase one trade deal on Wednesday. The deal is expected to lower some of the tariffs, as well as increasing Chinese purchases of U.S. agricultural products. According to a Wall Street Journal report, the U.S. and China have agreed to

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Dow Jones Industrial Average futures turned negative and indicated a flat open.

Posted on January 10, 2020

The U.S. economy added 145,000 jobs in December. Economists polled by Dow Jones expect the U.S. economy to have added 160,000 jobs in December. Wages also disappointed, growing by just 2.9% on a year-over-year basis. Economists had forecast a gain of 3.1%. December was also the first month since July 2018 that wages grew by

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Tensions between Iran and the U.S. eased for the time being.

Posted on January 9, 2020

Wall Street is coming off a solid performance on Wednesday that led the Nasdaq Composite to intraday and closing record highs. The S&P 500 also posted an intraday all-time high after President Donald Trump said Iran appeared to be “standing down” after firing a barrage of missiles at military bases housing U.S. troops in Iraq.

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Investors were initially rattled late Tuesday after U.S. military had come under attack

Posted on January 8, 2020

Investors also have history on their side as previous U.S.-Iran crises have seldom led to a prolonged market downturn. Data from Barclays shows the S&P 500 averages a gain of nearly 3% three months after a confrontation between the two countries. That average gain grows to 5.5% after six month. Boeing shares were down 2%

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U.S. stock index futures indicated a flat open

Posted on January 7, 2020

Market players are now waiting to see if the situation will escalate with a potential retaliation from Iranian forces. Investors aren’t oblivious to rising Middle Eastern tensions, but they’re placing Soleimani in the same category as the recent Iranian strikes against Saudi oil assets. Crude prices, which rose after last week’s attack amid concerns over

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Geopolitical tensions, U.S. stock index futures were sharply lower Monday morning

Posted on January 6, 2020

The Dow, S&P, and Nasdaq had their worst trading day in a month on Friday. Global tensions have spiraled after U.S. President Donald Trump called for a U.S. airstrike in Baghdad that killed top Iranian General Qasem Soleimani. As a result, gold hit a four-month high and oil prices saw their best daily performance since

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U.S. stock index futures were sharply lower Friday

Posted on January 3, 2020

U.S. confirmed that an airstrike killed Iran’s top military commander, sending oil prices surging and hiking geopolitical concerns. At around 8:25 a.m. ET, Dow Jones Industrial Average futures were down 227 points. S&P 500 and Nasdaq 100 futures also pointed to sharp losses at the open. U.S. crude oil futures shot up around 3.5% to

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Stocks jumped to a record on the first trading day of 2020

Posted on January 2, 2020

The stock market’s performance in the first five days of a given year can sometimes predict the market’s direction for the rest of the year, according to the Stock Trader’s Almanac, which studied the “first five days” phenomena going back to 1950. When stocks finish that period higher, the S&P 500 has been positive 82%

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The S&P 500 index was up 28.5 percent, through Monday, its best performance since 2013

Posted on December 31, 2019

Broad indexes of the American bond markets are up nearly 9 percent. Gold jumped 18.5 percent and silver nearly 16 percent, and other commodities were also up. (Futures prices for hogs, in case that had been your pick, gained about 18 percent.) It was a remarkable across-the-board rally of a scale not seen in nearly

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China’s had another record year of corporate bond defaults.

Posted on December 30, 2019

A decade ago, defaults almost never happened, but that wasn’t because companies in China were always healthy. It was a reflection of the tightly controlled financial system, where companies were often linked to the government and bonds were largely bought by state-owned lenders. Authorities have often stepped in to ensure that financially troubled enterprises didn’t

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News flow remains relatively quiet, but stocks are extending up price action

Posted on December 27, 2019

The Dow was up 65 points, while the S&P 500 and Nasdaq traded 0.15% and 0.3% higher, respectively. The major averages all hit new all-time highs. Trading volumes are expected to remain subdued. The tech-heavy Nasdaq topped the 9,000 mark for the first time Thursday, lifted by a jump in Amazon shares on a record

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Stocks have been piling up records as the market wraps up 2019.

Posted on December 26, 2019

The S&P 500 has risen 2.6% this month and 8.2% this quarter, bring the year-to-date gains to 28.6%. The benchmark has a chance at scoring a historic year: It is only one percentage point away from posting the best annual performance since 1997. In a shortened Christmas Eve session Tuesday, the S&P 500 finished flat

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The Dow rose 20 points, while the S&P 500 and Nasdaq also hovered near the flatline.

Posted on December 24, 2019

Trading is expected to be muted in the holiday session, and the market will close at 1 p.m. ET. The three major averages all posted record closes Monday. The S&P 500 has risen 2.6% for December and 8.3% for the quarter. It is also on pace for its best annual performance in six years, up

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Investors cheered the news from China

Posted on December 23, 2019

China will lower import tariffs on over 850 products ranging from frozen pork and avocado to some types of semiconductors. China is making efforts to boost imports amid a slowing economy and a trade war with the U.S. Wall Street posted fresh record highs on Friday as stocks continued to rally on the back of

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Market focus is largely attuned to political developments in Washington

Posted on December 19, 2019

Trump becomes only the third president to be charged with high crimes and misdemeanors and will now face a trial in the Republican-controlled Senate. Market reaction has been relatively muted so far, as investors widely expect the Senate to vote against Trump’s removal from office. The latest weekly jobless claims, Philadelphia Fed manufacturing figures for

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Market focus is global trade developments, as investors await more details about a preliminary trade agreement between the U.S. and China.

Posted on December 18, 2019

It is understood that Beijing agreed to billions of dollars in agricultural purchases from the U.S., while Trump said he would not move ahead with a new round of planned tariffs, among other items. The deal, which is not yet signed, is set to be confirmed in the first week of January, according to U.S.

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Stocks have been boosted by Friday’s announcement of a ‘phase one’ trade agreement between the U.S. and China

Posted on December 16, 2019

Some caution remains as details on key aspects of the deal, such as agricultural purchases and the U.S. trade deficit, remain unclear. Boeing is considering whether to cut or halt production of its grounded 737 MAX, after the Federal Aviation Administration indicated that it would not approve the aircraft’s return to service before 2020.

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The Dow jumped more than 200 points while the S&P 500 closed 0.9% higher on Thursday.

Posted on December 13, 2019

U.S. stock index futures pointed to a third day of gains Friday as investors hoped China and the U.S. would finalize a so-called phase one trade agreement. Gains were kept in check as doubts remained about the deal’s details. As part of the deal, the U.S. would scrap additional levies set to take effect on

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Trump to meet with his top trade advisors ahead of a key deadline with China.

Posted on December 12, 2019

If an agreement is not reached by then, additional U.S. levies on Chinese products will take effect. Apple shares contributed to the slight decline, sliding 1.1% in the premarket after an analyst at Credit Suisse said the company’s iPhone sales in China fell sharply in November. The analyst estimates they dropped by 35.4% on a

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Futures on the S&P and Nasdaq were both pointing to a slightly higher open.

Posted on December 11, 2019

Market players seem cautious amid uncertainty on the U.S.-China trade front. There is no clear indication that both countries will reach an agreement over trade that could stop or reduce the current level of tariffs. The U.S. is due to impose fresh duties on Chinese goods by Sunday. The Wall Street Journal reported Tuesday that

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Five days to go before Washington is poised to impose even more tariffs on Chinese goods.

Posted on December 10, 2019

Dec. 15 is the date when tariffs on another $156 billion in Chinese goods would go into effect. The world’s two largest economies have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment. Investors will also closely monitor the

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The world’s two largest economies were on the cusp of signing a so-called “phase one” trade deal.

Posted on December 5, 2019

U.S.-China trade talks, said both countries were inching closer to securing an agreement on the amount of tariffs that would be rolled back in a limited trade deal. President Donald Trump also said Wednesday that he believed trade talks with Beijing were going “very well.” In corporate news, Toronto-Dominion Bank, Dollar General and Tiffany are among some

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Market players are monitoring high-level meetings between President Donald Trump and other NATO leaders

Posted on December 4, 2019

Trump told reporters in London that might be better to conclude a trade deal with China after elections. The U.S. is due to impose fresh duties on Chinese goods by December 15. France and the wider European Union have promised to retaliate against potential U.S. tariffs on French goods. The U.S. Trade Representative announced Monday

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Market focus is largely attuned to global trade developments

Posted on December 3, 2019

Dow futures rose 30 points, indicating a positive open of more than 40 points. Futures on the S&P and Nasdaq were both marginally higher. Market focus is largely attuned to global trade developments, following President Donald Trump‘s decision to impose steel and aluminum tariffs on imports from Brazil and Argentina. Brazil and Argentina had been “presiding over a massive

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Investors digested the latest news on trade after capping a month that featured blistering gains.

Posted on December 2, 2019

Wall Street was set to build on a strong performance from November. The major averages had their biggest monthly gains since June, rallying to record highs. The S&P 500 climbed 3.4% last month while the Dow advanced 3.7%. The Nasdaq rallied 4.5%. Sentiment on Monday got a lift from stronger-than-expected manufacturing data out of China.

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Dow Jones Industrial Average futures indicated a gain at the open. Futures on the S&P 500 and Nasdaq 100 also traded higher.

Posted on November 27, 2019

Those gains built on the market’s recent run to all-time highs that was sparked by optimism around U.S.-China trade talks. Over the past month, the Dow and S&P 500 are up 4.3% and 3.9%, respectively. The Nasdaq Composite is up nearly 5% in that time. On Tuesday, President Donald Trump said negotiators were close to

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New U.S. tariffs on Chinese goods are set to kick in.

Posted on November 26, 2019

Investors continue to closely monitor the long-running dispute between China and the U.S. over trade. China’s ministry of commerce said Monday that the leaders of China and the U.S. spoke. It is yet unclear if both sides will be reaching a compromise before December 15, when new U.S. tariffs on Chinese goods are set to

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Market focus is largely attuned to global trade developments

Posted on November 25, 2019

Phase one of the trade deal with China could happen before the end of the year. On the data front, Dallas Fed manufacturing figures for November will be released at around 10:30 a.m. ET. In corporate news, Jacobs Engineering will report earnings before the opening bell. Agilent, Palo Alto Networks and PVH are among some

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Investors are also likely to closely monitor comments from Federal Reserve Bank

Posted on November 22, 2019

Dow futures rose 26 points, indicating a positive open of more than 33 points. Futures on the S&P and Nasdaq were both seen marginally higher. Wall Street closed lower on Thursday amid uncertainty over U.S.-China trade. The Wall Street Journal reported Thursday that China had invited the U.S. Trade Representative and Treasury Secretary to Beijing

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Market focus is largely attuned to global trade developments

Posted on November 21, 2019

Futures on the S&P and Nasdaq were both seen marginally lower. U.S. legislation on Hong Kong threatened to derail trade discussions between the world’s two largest economies. On Wednesday, the U.S. House of Representatives passed two bills intended to support protestors in Hong Kong. It prompted Beijing to accuse the U.S. of interfering in domestic

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The Dow Jones fell from record highs on Tuesday as investors monitored earnings and developments in the U.S.-China trade talks.

Posted on November 20, 2019

There’s mounting uncertainty about a deal between both economies, despite comments last month suggested that they were close to signing a partial agreement. Trump threatened Tuesday to impose higher tariffs on Chinese goods if Beijing does not make a deal on trade. “If we don’t make a deal with China, I’ll just raise the tariffs

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Wall Street ended little unchanged from its open amid mixed signals on the U.S.-China trade front.

Posted on November 19, 2019

China is pessimistic about a trade deal with the U.S. This is reportedly due to different views on the cancelation of tariffs. Trump will go ahead with the December 15 tariffs if the U.S. and China haven’t agreed to a trade deal by then. Meanwhile, President Trump spoke with Fed Chairman Jerome Powell Monday. Trump

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The Dow Jones Industrial Average traded 18 points lower at the open, or 0.1%. The S&P 500 and Nasdaq Composite declined by 0.1% and 0.2%,

Posted on November 18, 2019

Chinese officials are pessimistic about the prospect of a U.S.-China trade deal. China is troubled by President Donald Trump saying recently the U.S. would not roll back tariffs as they thought both sides had agreed to do so in principle, Yoon reports. The news triggered a move into traditional safe-haven assets. The benchmark 10-year Treasury

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Market focus is largely attuned to global trade developments

Posted on November 14, 2019

Investors closely monitor the extent of progress between the world’s two largest economies. Talks between the U.S. and China are thought to have stalled. Beijing is resisting requests from the White House to curb tech transfers as well as enforcement mechanisms. China is also reportedly wary about committing to specific farm purchases from the U.S.

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Investors await Trump’s trade speech

Posted on November 12, 2019

Market players remain focused on China-U.S. trade news, amid some concerns regarding plans to sign a trade deal in the coming weeks. President Trump will be speaking at the Economic Club of New York where he could give clues the status of trade talks between the U.S. and China. Instability in Hong Kong is also

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Investors are closely monitoring news on the China-U.S. trade front.

Posted on November 11, 2019

Trump said Friday that he had not agreed to scrap tariffs on Chinese goods. His comments followed news from earlier last week, after the Chinese commerce ministry said that both sides had agreed to cancel existing tariffs in phases. Market players are also following new demonstrations in Hong Kong. Local police have reportedly opened fire

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Investors are closely monitoring news on the China-U.S. trade front

Posted on November 8, 2019

Spokesperson for the Chinese commerce ministry said that both sides had agreed to cancel existing tariffs in phases. Data released Friday morning showed that Chinese exports and imports declined less than expected in the month of October. In corporate news, Allianz, Duke Energy, and Honda Motor are set to report earnings before the opening bell.

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China and US reportedly agree to remove existing tariffs

Posted on November 7, 2019

China reportedly said the world’s two largest economies had agreed to cancel additional tariffs imposed in their months-long trade war. Both sides must simultaneously cancel some existing tariffs on one another’s goods in order to reach a “phase one” trade agreement, citing a spokesperson at the commerce ministry. The report also said the proportion of

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Futures on the S&P 500 and Nasdaq were little changed.

Posted on November 6, 2019

Investors are waiting for signals on an easing of the protracted trade dispute between the U.S. and China. The two sides are working toward a deal, with China pushing for U.S. President Trump to remove more tariffs imposed in September on around $125 billion worth of Chinese goods. Corporate earnings remain in focus, with FactSet

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US futures point to higher open

Posted on November 5, 2019

Strong earnings, more promising economic data and optimism over a possible U.S.-China trade deal saw the Dow Jones Industrial Average join the S&P 500 and Nasdaq Composite at record highs on Monday. The Dow’s year-to-date gain now stands at around 18%, while the S&P 500 is up more than 22% and the Nasdaq more than

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Market sentiment is largely linked to U.S.-China trade relations

Posted on November 4, 2019

Dow futures rose 56 points, indicating a positive open of more than 35 points. Futures on the S&P and Nasdaq were both seen also higher. Market sentiment is largely linked to U.S.-China trade relations. U.S. Commerce Secretary Wilbur Ross said that American firms would be granted licenses to sell to Huawei “very shortly.” Meanwhile, a

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Better-than-expected market sentiment after earnings in the tech sector.

Posted on November 1, 2019

Market sentiment seems to be attuned to trade relations between the U.S. and China. Chinese officials have been casting doubt over the possibility of a long-term trade deal with the U.S. The U.S. and the EU have held meeting last week about their trade relationship, including about the Airbus and Boeing cases, CNBC reported. On the

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Fed signals a pause in rate cuts

Posted on October 31, 2019

The Federal Reserve cut interest rates by 25 basis points for the third time this year on Wednesday. Comments from Chairman Jerome Powell indicated that the central bank would be hitting pause on monetary policy easing for now, and there will be no hiking until inflation rises. Apple on Wednesday forecast sales ahead of Wall

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Pre-market trade come ahead of an expected quarter-point rate cut by the U.S. central bank.

Posted on October 30, 2019

ADP payrolls for October will be released at around 8:15 a.m. ET. An advanced reading of real GDP for the third-quarter will follow slightly later in the session. Corporate news, GlaxoSmithKline, CME Group and Yum Brands are among some of the major companies set to report earnings before the opening bell. Apple, Facebook and Starbucks are

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Corporate earnings remain the top market focus Tuesday.

Posted on October 29, 2019

Wall Street ended Monday’s session on a strong note after the S&P 500 hit a record high. Strong earnings and news of further progress in trade talks between the U.S. and China helped boosting prices. S&P’s record high extended the second-largest ever bull market to 3,885 days, according to data from Bespoke Investment Group. Corporate

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Stocks have gotten a boost recently from better-than-expected earnings.

Posted on October 28, 2019

Of the 206 S&P 500 companies that have reported, 78% have topped analyst expectations, according to FactSet. Walgreens Boots Alliance, AT&T and Spotify are among the companies that reported stronger-than-forecast profits on Monday. Walgreens and AT&T shares rose 1.5% and 3.3%, respectively. Spotify gained 10.7%. Improvement on the U.S.-China trade front has also lifted investor

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Mixed open after Amazon earnings disappoint

Posted on October 25, 2019

A slightly positive note on the back of earnings reports from Tesla and Microsoft. Amazon disappointed investors with its third-quarter results with CEO Jeff Bezos reportedly losing $6.9 billion in one evening. Shares were down nearly 7% in premarket trading.  A-B InBev, Barclays and VERIZON are among some of the major companies set to report earnings before the opening bell. Autoliv and

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Busiest day of the earnings season

Posted on October 24, 2019

The market focus Thursday remains on the corporate sector. Thursday marks the busiest day of the earnings season. Futures were edging slightly higher on Thursday morning on a bumper day for corporate earnings. At around 02:30 a.m. ET, Dow futures rose by just 1 point, indicating a slightly higher open. Futures on the S&P and

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Worries about the global tech sector.

Posted on October 23, 2019

Texas Instruments — which is often seen as a proxy for the microchip industry — posted fourth-quarter guidance well below market estimates. The revenue warning exacerbated concerns that the global chipmaker industry was being squeezed by a downturn in demand and the long-running U.S.-China trade war. In Europe, U.K. lawmakers voted in favor of Prime

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Fed’s efforts to fix funding issues

Posted on October 22, 2019

Federal Reserve’s efforts to control short-term borrowing rates have run into some troubles, with more danger ahead. Issues that popped up more than a month ago in the repo market, the overnight lending place where banks go to borrow money from each other. Rates rose last week, the effort has worked fairly well so far —

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Winning week on better-than-expected earnings

Posted on October 18, 2019

More than 70 S&P 500 companies have reported calendar third-quarter earnings this week. Of those companies, 81% have posted better-than-expected results, FactSet data shows. Some of the companies posting stronger-than-forecast results this week include Bank of America, Netflix, J.P. Morgan Chase and Morgan Stanley. Their results helped push the major indexes higher for the week.

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New draft Brexit deal is reached

Posted on October 17, 2019

Dow futures indicating a positive open of more than 100 points. Prior to the Brexit reports, futures had been trading flat to lower. Futures on the S&P and Nasdaq were also higher. Markets rallied on the Brexit reports, as the deal removed some investor uncertainty amid heightened concerns about the health of the global economy.

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The pre-market moves come as investors closely monitor Brexit developments.

Posted on October 16, 2019

Officials and diplomats said that differences over the terms of the U.K.’s split from the European Union had narrowed significantly on Tuesday. It has raised hopes that a deal can be agreed by leaders at a key summit on Thursday. Sterling initially jumped above $1.28 on the news, a level not seen since late May,

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Investors are also looking ahead to a new earnings season.

Posted on October 15, 2019

BlackRock, Citigroup, Goldman Sachs, Wells Fargo and J.P. Morgan Chase are set to release their latest performance numbers before the bell. United Airlines and Interactive Brokers will also release earnings after the bell. On the data front, the Empire State manufacturing figures are due to be released at 08:30 a.m. ET.

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China wants more talks before signing trade deal

Posted on October 14, 2019

President Trump announced that the first phase of a deal with China had been agreed, though officials on both sides said much more work needed to be done. The partial deal — which covers agriculture, currency and some aspects of intellectual property protections — represents the first step forward to end the trade war in

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Optimistic Trump comments on US-China trade

Posted on October 11, 2019

U.S. stock futures were solidly higher Friday morning. Futures on the S&P and Nasdaq were both higher. Some reports indicated the talks were stalling or were yielding little fruit. Others, however, pointed toward some sort of deal being made that would involve holding off on higher U.S. tariffs against China. 

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Chinese media reports that trade talks have made no progress

Posted on October 10, 2019

U.S. and China made no progress in deputy level trade talks this week. The reported added that the China delegation planned to leave Washington on Thursday, the day higher level talks were set to begin. Dow futures lost more than 300 points at one point and were last down 259 points, or 1%. S&P 500

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High-level negotiators from the U.S. and China

Posted on October 9, 2019

Bloomberg reported that China is prepared to accept a partial trade deal as long as no more tariffs are imposed by President Donald Trump. The report added that Beijing would offer non-core concessions like purchases of agricultural products in return, but not budge on major sticking points between the two nations. The unnamed official said

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Chinese officials reluctant to agree to a broad trade deal pursued by President Donald Trump.

Posted on October 7, 2019

Trade talks between the U.S. and China are set to resume in Washington, D.C., on Thursday. Vice Premier Liu He, who will lead negotiations for China, told dignitaries that his offer to the U.S. will not include commitments on reforming Chinese industrial policy or government subsidies. On the data front, consumer credit figures for August

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Traders are waiting for the latest monthly U.S. jobs report.

Posted on October 4, 2019

The August jobs report showed that nonfarm payrolls increased by 130,000, with the unemployment rate at 3.7% and average hourly wages up 0.4%. “Nonfarm payrolls likely increased by 135,000 in September, after growing by 130,000 in August. Initial jobless claims remained very low (at 208,000) in the week of the jobs report survey, suggesting job

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Investors awaited the release of key economic data later in the day.

Posted on October 3, 2019

Supply Management is scheduled to release its non-manufacturing index reading for September at 10 a.m. Earlier in the week, ISM posted its weakest reading on the manufacturing sector in more than 10 years, sparking fears of an economic recession. Market experts have suggested that the protracted trade war between the U.S. and China is beginning

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Disappointing manufacturing data sparked fears over an economic slowdown.

Posted on October 2, 2019

On the earnings front, Lennar is set to report before the bell. On the data front, there will be new ADP payroll numbers out at 08:15 a.m. There are a number of Fed speeches, including from New York’s Fed president John Williams at 10:50 a.m. ET. Investors are also awaiting fresh trade talks between the

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Investors entered the fourth quarter

Posted on October 1, 2019

Wall Street kicked off the final quarter of 2019 with bank shares outperforming. Banks got a boost as Treasury yields rose broadly. Bank of America, J.P. Morgan Chase and Citigroup all traded at least 0.9% higher. The benchmark 10-year Treasury yield climbed to 1.75% while the 2-year rate traded at 1.67%. Optimism in U.S.-China trade

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White House is considering limiting U.S. investment into China

Posted on September 30, 2019

Possible delisting of Chinese companies from U.S. stock exchanges, in a further aggravation of the ongoing trade dispute between the world’s two largest economies. Chinese state media called the potential restrictions “the latest attempt at decoupling” and warned of “significant repercussions for the Chinese and U.S. economies, as well as their companies, in the future.”

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Optimism among equity traders as trade talks between the U.S. and China set to resume

Posted on September 27, 2019

United States and China set dates in mid-October for key trade negotiations. News of a scheduled meeting adds to the growing belief on Wall Street that the trade war between the two economic superpowers has eased in recent weeks. A spokesperson for China’s Ministry of Commerce, meanwhile, confirmed Thursday that the country had purchased a

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Trump said that a U.S.-China trade deal could arrive sooner-than-expected.

Posted on September 26, 2019

China is expected to increase its U.S. soybeans purchases during trade talks next month. Both countries have engaged in a tit-for-tat tariff war since 2018. Initial jobless claims, a rough way to measure layoffs, increased by 3,000 to 213,000 in the seven days ended Sept. 21, the government said Thursday. The number of people who

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Nike gains on strong earnings

Posted on September 25, 2019

Nike shares were among the biggest contributors to gains. The shoe maker’s stock jumped around 6% on better-than-expected quarterly results. CEO Mark Parker said a stronger e-commerce business and products such as the new Joyride running shoe lifted the Nike’s results. Nike shares jumped 5.7%.

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U.S. and China had made some progress in last week’s deputy-level meetings.

Posted on September 24, 2019

Upcoming trade talks provided a boost to market sentiment, but lingering concerns about slowing global growth remained front and center for financial markets. Washington and Beijing has dragged on for well over a year, hurting financial markets and souring business and consumer sentiment.

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U.S. Department of Justice has warned companies against Chinese theft.

Posted on September 23, 2019

U.S. Deputy Assistant Attorney General finds more cases of trade secret theft. Chinese officials cut short their trip to the United States, where they held discussions on trade. China described the talks as “constructive” and both sides said they would remain in contact.

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Monetary easing by Federal Reserve appears to have improved market sentiment.

Posted on September 20, 2019

U.S. and China resumed face-to-face talks for the first time in almost two months. The deputy-level trade talks are expected to help lay the groundwork for high-level negotiations early next month. Signs that U.S. economic growth is expected to slow in the near horizon. Trade policy uncertainty remains elevated, U.S. manufacturing already appears in recession,

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The Fed makes a second rate cut for 2019.

Posted on September 19, 2019

Fed approved a rate cut of one quarter point, but offered little for investors hoping for hints that the central bank would lower borrowing costs further. Chairman Jerome Powell said that while the central bank wouldn’t hesitate to impose a “sequence” of interest rate cuts if economic conditions deteriorate, he doesn’t think that’s necessary now.

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Emerging strains in financial markets

Posted on September 18, 2019

Federal Reserve could be losing its grip on short-term rates. A spike in overnight borrowing rates forced the New York Federal Reserve to help with a special operation aimed at easing stress in financial markets. Federal Reserve attempts to ease pressure in markets by purchasing Treasurys and other securities. The goal is to move money into

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Investors start to shift their focus to an upcoming Federal Reserve meeting

Posted on September 17, 2019

There’s uncertainty among market players about what the central bank will do. The recent increase in energy prices led some to believe the Fed may not be in a hurry to adjust rates.

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Attack in Saudi Arabia could slow down global economic growth.

Posted on September 16, 2019

West Texas Intermediate futures jumped more than 11% to trade over $61.00 per barrel. The sharp move higher comes after a series of drone strikes on Saturday knocked out about half of Saudi Arabia’s daily crude production. Higher oil prices could put more pressure on global economy, that is coping with a slowing manufacturing sector

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China will exempt some U.S. agricultural products

Posted on September 13, 2019

U.S. welcomed China’s renewed purchases of American farm goods, with Trump saying it was expected Beijing would purchase “large amounts” of agricultural products. Trump also said he would consider an interim trade deal with China. Market focus is largely attuned to global trade developments, as the world’s two largest economies continued to prepare for talks

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Market focus is on global trade, after Trump agreed to delay additional increase in tariffs on Chinese

Posted on September 12, 2019

The delay is expected on goods by two weeks. The move raised hopes of a thaw in trade frictions between the world’s two largest economies. The U.S. and China have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.

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U.S. Beijing released a tariff exemptions list for products from the U.S.

Posted on September 11, 2019

Meanwhile, according to the American Chamber of Commerce in Shanghai, some American companies are speeding up their move away from China amid the imposition of U.S. tariffs.

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Dow posted its fourth straight day of gains Monday, on the back of renewed optimism in U.S.-China trade talks.

Posted on September 10, 2019

The U.S. Treasury Secretary, said that there is a “conceptual agreement” around intellectual property theft with China. This is one of the most contentious issues between both countries. Meanwhile, Huawei dropped Tuesday one of its lawsuits against the U.S. This happened after some equipment seized by Washington nearly two years ago was returned to the

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Investors are waking up to new data out of China

Posted on September 9, 2019

Exports fell, the drop indicates further weakness in the world’s second largest economy and puts further pressure on Chinese lawmakers to announce new economic stimulus. A weaker Chinese economy raises concerns for other countries, including Germany, given their trading links.

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U.S. and China agreed to hold high-level talks in early October.

Posted on September 6, 2019

They agreed to meet in early October for another round of negotiations, according to the Chinese Commerce Ministry. China insiders have also hinted that the upcoming trade talks could lead to a “breakthrough.” Market focus is largely attuned to global trade developments, U.S. stock index futures traded higher on Friday morning as investors looked ahead

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China confirmed it planned to hold trade talks with the U.S.

Posted on September 5, 2019

China agreed to hold another round of trade negotiations in Washington, D.C., towards the beginning of next month, and consultations will be made in mid-September in preparation for the meeting. Dow futures rose 160 points, indicating a positive open and the data front, investors are likely to closely monitor a flurry of economic reports on

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Hong Kong withdraw a contentious extradition bill that has sparked months of mass protests.

Posted on September 4, 2019

Tensions in Hong Kong between the government and protesters eased after the withdrawal of a controversial bill. Withdrawal is seen as a positive because protest escalation was seen as a potential disruptor to the global economy. Some investors feared the protests could hinder U.S.-China trade talks. The Dow was up more than 200 points, while

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The month of September begins with global uncertainty as Dow drops again

Posted on September 3, 2019

Dow drops again as Trump imposed 15% tariffs on a variety of Chinese goods on Sunday, while China imposed new charges on U.S. products from Sept. 1. It marked the latest escalation in their long-running trade war. Beijing filed a complaint against Washington at the World Trade Organization over U.S. import duties. China claimed the

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Wall Street also wrapped up a month filled with volatility.

Posted on August 30, 2019

The battle between China and the U.S. on the trade front has led to a volatile month on Wall Street. Entering Friday’s session — the last one for August — the Dow and S&P 500 were both down nearly 2% while the Nasdaq Composite had lost around 2.5%. The U.S. and China trade war with

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China said it wished to resolve its protracted trade dispute

Posted on August 29, 2019

Stock futures rose 200 points, indicating a positive open of more than 230 points. Futures on the S&P and Nasdaq were both higher, reversing earlier losses. China’s commerce ministry reportedly said Thursday that it was opposed to escalating trade tensions. China wish to resolve its protracted trade dispute appeared to calm investor concerns at a time when many are

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Worries over trade and the economy have pushed down stocks this month.

Posted on August 28, 2019

Traders are closely monitoring developments between the world’s two largest economies. The ongoing U.S.-China trade dispute has placed an increasing strain on the global economy, prompting policymakers to respond with interest rate cuts and stimulus measures to bolster growth. A 10-year rate below the 2-year yield is viewed by fixed income traders as an important

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U.S. stock index futures indicated a slightly higher open Tuesday

Posted on August 27, 2019

Sentiment got a lift again on Tuesday after China announced measures aimed at boosting consumption, including potentially removing car-buying restrictions. Auto stocks rose broadly on the news. Comments from two of the world’s two largest economies on Monday suggested a potential rapprochement following an escalation of trade tensions over the weekend. Following the Group of

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China retaliates with new tariffs

Posted on August 23, 2019

Stocks opened lower on Friday after China said it will slap new tariffs on U.S. goods. China will implement new tariffs on another $75 billion worth of U.S. goods, including autos. The tariffs will range between 5% and 10% and will be implemented in two batches on Sept. 1 and Dec. 15. This trade war

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Central banking symposium comes amid worries over a recession along with the U.S.-China trade war

Posted on August 22, 2019

The summit starts today. Philadelphia Fed President Patrick Harker and Dallas Fed President Robert Kaplan are both set to comment on the world’s largest economy later today. Stock index futures rose on Thursday as investors looked ahead to the start of a central banking summit. The Fed cut interest rates by 25 basis points in

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Investors look ahead to the Federal Reserve’s monetary policy.

Posted on August 21, 2019

The Stock Market closed lower for the first time in four sessions on Tuesday amid lingering worries over the economy. Investors have been rushing into safer assets such as gold as they fear U.S. economic growth could slow down with the rest of the world. Fed cut rates by 25 basis points in July and

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Investors have been worried about the global economy as the U.S. and China remain engaged in a trade war

Posted on August 20, 2019

The stock market got a reprieve on that front on Monday after U.S. Commerce Secretary Wilbur Ross announced that it was extending by another 90 days a temporary reprieve for Huawei to do business with American firms. Traders also looked ahead to the release of the Federal Reserve’s minutes from its July meeting. The central

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U.S. stock index futures pointed to a higher open on Monday

Posted on August 19, 2019

Dow Jones Industrial Average futures indicated a gain of about 300 points. Futures on the S&P 500 and Nasdaq 100 were also solidly higher. These gains add to a rebound that started last week after the Dow posted its worst session of 2019. The 30-stock index plummeted 800 points or 3.1% on Wednesday before regaining

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U.S. stock index futures were set to open higher today

Posted on August 16, 2019

Dow are indicating a positive open. Futures on the S&P and Nasdaq were also both solidly higher. Wall Street closed Thursday’s session on a more positive note, erasing some of the steep losses suffered earlier in the week. Market sentiment remains volatile, however, as concerns about the softening global economy and U.S.-China trade talks kept

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Futures on the Dow Jones Industrial Average erased earlier losses, now indicating a gain

Posted on August 15, 2019

Chinese negotiators may be willing to compromise with the U.S. on trade issues. The Hong Kong government announced plans to implement stimulus measures to help its sagging economy. The government also cut its growth forecast to potentially flat for the rest of the year. The stock market took a huge hit in the previous session

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Dow Jones Industrial Average indicated a negative open of about 350 points.

Posted on August 14, 2019

Investors, worried about the state of the economy, rushed to long-term safe haven assets, pushing the yield on the benchmark 30-year Treasury bond to a new record low on Wednesday. Traders remained on edge about the U.S.-China trade war and its impact on the global economy as weaker-than-expected data in China deepened the gloom in

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The United States Trade Representative announced Tuesday certain products are being removed from the tariff list

Posted on August 13, 2019

Stocks were headed for their third straight day of losses before the USTR announcement. Investors were worried the trade war with China would tip the economy into a recession as the yield curve raised red flags. Retailers cheered the potential delayed rise in costs for apparel and electronics. Best Buy soared 10%, while Nike jumped

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Stocks dropped Monday morning aggravated by the trade dispute between Washington and Beijing.

Posted on August 12, 2019

Stocks dropped Monday accelerated in morning trading after Hong Kong International Airport cancelled all departures for the remainder of the day, citing serious disruptions due to intensifying protests. Dow Jones Industrial Average dropped about 210 points, while the S&P 500 fell 0.73%. The Nasdaq Composite is down 0.85%. The relentless Trump-China trade war rattled the

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Traders brace for another crazy day amid lingering trade war fears.

Posted on August 9, 2019

The market has had a volatile week, with the major indexes recording their biggest one-day sell-off of the year on Monday. On Wednesday, stocks resumed their sell-off as investors loaded up on traditionally safer government bonds and gold, by Thursday’s close, the indexes had recovered most of their losses from Monday’s drop. The lingering trade

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Stock Market futures rise as bond yields level off

Posted on August 8, 2019

Strong data out of China helped calm Wall Street down. China said exports rose 3.3% on a year-over-year basis in July. Economists polled by Reuters expected exports to fall by 2%. Global bond yields stabilized while investors digested better-than-expected trade data out of China. Wall Street ended Wednesday little changed despite earlier falls following a

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The Market was down 330 points after tumbling more than 550 points.

Posted on August 7, 2019

China let its currency fall to its lowest level in more than a decade against the U.S. dollar, with the yuan breaking below 7 per U.S. dollar and triggering the worst sell-off of the year on Wall Street. China insists, however, the move was not in response to the newly announced tariff. The trade war

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U.S. stock futures rebound after China’s central bank indicated it wants the currency to trade at a higher level

Posted on August 6, 2019

Dow futures recovered to indicate a positive open of about 179 points, after tanking in after-hours trading Monday night. Futures on the S&P and Nasdaq were also higher on Tuesday morning. China’s central bank set the yuan’s reference point at the key 7 yuan-to-the-dollar point on Tuesday. The move calmed currency markets, initially racked by

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Dow Jones Industrial Average futures dropped 385

Posted on August 5, 2019

Investors are rushing into traditional safe havens like Treasury bonds and gold on Monday after Trump announced last week the U.S. would impose a 10% tariff on $300 billion worth of Chinese imports. China, which controls its currency, the yuan. allowed it to fall to its lowest level against the dollar in more than a

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Market falls on trade war fears

Posted on August 2, 2019

Trump stoked U.S.-China trade war fears with the announcement of more tariffs and as traders assessed U.S. employment data. For the week, the S&P 500 and Nasdaq were both down more than 3% and were on pace for their worst week of 2019. The Dow is down more than 2.5% this week. The Dow traded

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Wall Street excited about strong quarterly results from tech giant Apple

Posted on July 31, 2019

Apple on Tuesday posted earnings per share and revenue for the previous quarter that topped analyst expectations, sending the stock up nearly 5% Wednesday. Apple also issued better than expected revenue guidance for the fourth quarter. Nearly 60% of S&P 500 companies have reported earnings so far. Of those companies, 76% have posted stronger-than-forecast quarterly

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Dow futures fall 100 points after Trump tweet

Posted on July 30, 2019

Trump posted in a series of tweets Tuesday that China is not keeping its promise of buying more U.S. agricultural products, adding: “China is doing very badly, worst year in 27 – was supposed to start buying our agricultural product now – no signs that they are doing so. That is the problem with China,

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Investors prepare for a Fed rate cut

Posted on July 29, 2019

Stocks slightly lower Monday morning, as market participants braced for a likely cut in interest rates for the first time in more than a decade. The focus is largely attuned to the Federal Reserve, with policymakers at the U.S. central bank set to announce a quarter-point rate cut on Wednesday. Traders are also likely to

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Stocks rose Friday after strong earnings

Posted on July 26, 2019

The S&P 500 gained 0.5%, while the Nasdaq climbed 0.8%. The Dow traded flat while major indexes pared gains after National Economic Council Director Larry Kudlow said he would not expect a “grand deal ” to come out of next week’s U.S.-China trade talks. Twitter shares gained 10% on the back of second-quarter results that

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Investors look ahead to corporate earnings

Posted on July 25, 2019

U.S. stock index futures were mixed on Thursday morning as investors ramp up for a busy day of earnings Both the S&P 500 and Nasdaq Composite reached all-time highs Wednesday, saved by a rally in chip stocks, while the Dow Jones Industrial Average closed lower following disappointing earnings from Boeing and Caterpillar. Investors continue to

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Investors keep a close eye on U.S.-China trade links and monitored corporate earnings.

Posted on July 24, 2019

American and Chinese negotiators will meet for face-to-face talks next week, CNBC reported, after the two presidents reached a truce in their trade war on the sidelines of a G-20 meeting last month. As of 2:10 a.m. ET, Dow futures were down by 2 points, suggesting an implied open of around 11 points lower. Futures

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Stocks trade higher ahead of a big week for earnings.

Posted on July 22, 2019

The Dow was up 55 points, the S&P 500 gained 0.35%, and the Nasdaq advanced 0.7%. More than a quarter of the S&P 500 reports earnings this week including Facebook, Alphabet and Amazon, along with blue chips like McDonald’s and Boeing. Stocks struggled last week, posting their biggest weekly decline since May as investors digested

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Stocks rose Friday as strong quarterly report from Microsoft sent their stock to an all-time high.

Posted on July 19, 2019

Microsoft shares rose 2.5% after the tech giant posted quarterly earnings and revenue that topped analyst expectations. The company’s results were driven by a 39% year-over-year surge in cloud revenue. The Dow climbed 75 points as the S&P 500 added 0.3% and the Nasdaq advanced 0.4%. More than 15% of S&P 500 companies have reported earnings

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Stocks declined Thursday on the latest batch of quarterly corporate reports.

Posted on July 18, 2019

The Dow was down 35 points, while the S&P 500 slipped 0.15% and the Nasdaq fell 0.25%. Netflix shares plunged more than 11% after the streaming giant reported a surprise loss in U.S. subscribers coupled with slower-than-expected international membership growth. Those metrics — which are key for Netflix — offset a better-than-expected earnings per share

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U.S. corporate earnings season is now in full gear.

Posted on July 17, 2019

Wednesday sees a slew of major corporates reporting, with Bank of America, Morgan Stanley, IBM and Netflix all due before the bell. U.S. corporate earnings season is now in full gear. On Tuesday, Goldman Sachs reported better-than-expected results, driven by the company’s investment banking and trading divisions, causing the Wall Street giant’s shares to climb

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U.S. stock index futures were mixed Tuesday

Posted on July 16, 2019

Dow Jones Industrial Average futures indicated a loss of 15 points at the open while S&P 500 futures also pointed to a small decline. Nasdaq 100 futures were up slightly. Johnson & Johnson, saw a 42% profit surge in the previous quarter, fueled by growth in its prescription drugs business. The Dow component traded 0.4%

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Dow rose Friday as traders ended a record-setting week

Posted on July 12, 2019

The Dow closed above 27,000 for the first time ever Thursday, while the S&P 500 also notched a record close. Investors have been piling into stocks in recent weeks amid expectations that the Fed will cut interest rates later this month. The Dow climbed 130 points to an all-time high. The S&P 500 traded 0.15%

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Dow Jones Industrial Average rallied to a record high Thursday

Posted on July 11, 2019

The 30-stock average broke above 27,000 for the first time before trading just below that level. The Dow was up 138 points. Meanwhile, the S&P 500 rose 0.25% to trade back above 3,000, while the Nasdaq Composite gained 0.2%. In testimony to the House Financial Services Committee on Wednesday, Powell said business investments across the

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Stocks jumped to record highs Wednesday after testimony from Fed

Posted on July 10, 2019

Stocks jumped as traders have priced a 100% probability of a Fed rate cut in July, according to the CME Group’s FedWatch tool. A stronger-than-expected June jobs report tempered expectations for a more aggressive easing. The S&P 500 was up 0.5% after rising 0.7% to break above 3,000 for the first time as the energy

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Wall Street closed lower on Monday on the back of negative sentiment in the tech sector.

Posted on July 9, 2019

However, the big focus this Tuesday is on the Fed. Jay Powell will give a testimony at 8:45 a.m. ET. This comes just after a stronger-than-expected jobs report raised questions about the central bank’s rate policy. Traders have priced in a 100% probability of a Fed rate cut in July, according to the CME Group’s FedWatch

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U.S. stock futures are trading lower Monday morning as Fed will not cut interest rates anytime soon.

Posted on July 8, 2019

Dow futures fell 80 points, indicating a drop of 115 points at the open. S&P 500 and Nasdaq futures were also in negative territory. Market participants were reacting to a solid jobs report from Friday. The U.S. economy added 224,000 jobs in June, official payrolls data showed, way above an expected increase of 165,000. Traders

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Payrolls jump in June well above expectations

Posted on July 5, 2019

Economists surveyed by Dow Jones had expected nonfarm payrolls to rise by 165,000 after and the unemployment rate to hold steady at 3.6%. May’s initially reported growth of 75,000 had raised doubts about the durability of the record-setting expansion that began a decade ago. The May count was revised lower to 72,000. Federal Reserve policymakers

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Stocks rose Wednesday as traders bet on a potential Fed rate cut

Posted on July 3, 2019

The Dow traded 55 points higher and broke above its all-time closing record. The S&P 500 rose 0.3% and hit a record high as utilities and consumer staples outperformed. The Nasdaq also advanced 0.3%. Private payrolls in the U.S. increased by 102,000 in June, ADP and Moody’s Analytics said. Economists polled by Dow Jones expected

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U.S. stock index futures were slightly lower Tuesday morning

Posted on July 2, 2019

Market focus is largely attuned to global trade developments, after the U.S. and China agreed to restart trade talks over the weekend. U.S. stocks rallied in the previous session, as investors cheered a trade truce aimed at resolving an ongoing conflict. Nonetheless, market participants were in a cautious mood on Tuesday, waiting on actual signs

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U.S. stock futures surged on Monday

Posted on July 1, 2019

U.S. and China agreed to hold off on slapping additional tariffs on their products in an effort to resume trade talks. As of 5 a.m. ET Monday, Dow Jones Industrial Average futures indicated a gain of more than 260 points at Monday’s open. S&P 500 and Nasdaq 100 futures also pointed to gains. Those gains

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Bank shares got a boost after the release of the Federal Reserve’s stress test results

Posted on June 28, 2019

J.P. Morgan Chase, Morgan Stanley, Citigroup, Wells Fargo, Goldman Sachs and Bank of America all rose. Their gains come after they passed the Fed’s annual stress test and got approval to boost dividends and share repurchase programs. Goldman hiked its quarterly dividend by nearly 50% while J.P. Morgan raised its dividend by 10 cents. Procter

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Wall Street awaits Trump and Xi meeting

Posted on June 27, 2019

Trump and Xi meeting is scheduled at the G-20 summit in Osaka, Japan on Saturday. The two leaders are expected to discuss trade, with investors looking for clues on whether China and the U.S. can make progress towards ending their ongoing trade war. China and the U.S. have been in a trade war for more

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Stocks rose on Wednesday from comments of Treasury Secretary

Posted on June 26, 2019

The Dow Jones Industrial Average climbed 78 points as Intel and Apple outperformed. The S&P 500 gained 0.3%, led by the energy and tech sectors. The Nasdaq Composite advanced 0.7%. Treasury Secretary Steven Mnuchin lifted expectations of a potential trade deal between China and the U.S. Trade talks stalled last month after the U.S. hiked

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Stocks were little changed on Tuesday as investors awaited commentary from the Fed

Posted on June 25, 2019

Fed Chair Jerome Powell is scheduled to speak at the Council on Foreign Relations at 1 p.m. ET. Powell is expected to discuss the Fed’s outlook on the economy and monetary policy. Powell’s remarks come after the Fed kept interest rates unchanged last week and said it will “act as appropriate” to maintain the current

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U.S. stock index futures rose on Monday as investors looked ahead to a key meeting with Chinese

Posted on June 24, 2019

Dow Jones Industrial Average futures were up by 55 points, indicating a gain of 21 points at the open. S&P 500 and Nasdaq 100 futures also pointed to slight gains. Trade optimism, coupled with the increasing likelihood of easier monetary policy from the Federal Reserve, sparked a massive rally this month. The major indexes came

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Market focus is largely attuned to simmering tensions with Iran.

Posted on June 21, 2019

At 2:20 a.m. ET, Dow futures were down 67 points, implying a lower open of more than 58 points. Futures on the S&P and Nasdaq also traded lower.  President Donald Trump approved military strikes on several Iranian targets, but abruptly pulled back from launching the attacks. U.S. officials said Thursday that an Iranian missile had shot down

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Investors waiting for the Federal Reserve’s latest decision on monetary policy.

Posted on June 19, 2019

The Dow Jones Industrial Average and S&P 500 were up 36 points and 0.1%, respectively, at the open. The Nasdaq Composite gained 0.2%. The Fed is scheduled to deliver its decision at 2 p.m. ET. The central bank is not expected to make any changes in terms of monetary policy, but investors will look for

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The Federal Reserve is expected to leave borrowing costs unchanged

Posted on June 18, 2019

Market focus is largely attuned to the U.S. central bank, with policymakers set to begin a two-day meeting later on Tuesday.  Investors are likely to closely monitor whether policymakers at the central bank lay the groundwork for a rate cut later in the year. Fresh hopes for looser monetary policy have eased tensions in risk

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The Dow Jones Industrial Average rose just 16 points at the open while the S&P 500 traded 0.2% higher.

Posted on June 17, 2019

The Fed is scheduled to start a two-day monetary policy meeting on Tuesday. Expectations for any policy changes are low, but investors will look for clues about potential rate cuts in July and later in 2019. Investors are betting on the Fed cutting rates in July and September as well as December, according to the

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The Dow Jones Industrial Average climbed 81 points at the open as Disney shares outperformed.

Posted on June 13, 2019

The S&P 500 gained 0.3%, led by the energy and tech sectors. The Nasdaq Composite advanced 0.4%. Chipmakers rebounded after posting sharp losses in the previous session, boosting tech shares. The VanEck Vectors Semiconductor ETF (SMH) climbed 0.5%. Applied Materials and Micron Technology rose 0.7% and 0.8%, respectively. Apple shares traded 0.4% higher. Disney shares

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U.S. stock index futures were slightly lower Wednesday morning

Posted on June 12, 2019

Market focus is largely attuned to global trade developments, after President Donald Trump said Tuesday that he was holding up a trade deal with China and had no interest in moving ahead unless Beijing agreed on as many as five “major points.” Trump did not specify these trade issues. Washington and Beijing have imposed tariffs

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President Donald Trump said on Monday he was ready to impose another round of punitive tariffs on Chinese imports

Posted on June 11, 2019

Since two days of talks to resolve the U.S.-China trade dispute last month in Washington ended in a stalemate, Trump has repeatedly said he expected to meet President Xi Jinping at the June 28-29 summit in Osaka, Japan. China has not confirmed any such meeting. Trump said last week he would decide after the meeting

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The Dow Jones Industrial Average rose about 150 points at the open

Posted on June 10, 2019

The U.S. reached an agreement with Mexico on tariffs, easing some of the trade concerns which have weighed on the market since early May. President Donald Trump announced Sunday that proposed tariffs on Mexican imports would be suspended indefinitely. Trump said in a Twitter post that he has “full confidence” that Mexico will crack down

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The Dow Jones Industrial Average and S&P 500 hovered around the flatline.

Posted on June 6, 2019

The Dow jumped more than 500 points on Tuesday, its second-best day of the year, and continued its rally on Wednesday by gaining more than 200 points. For the week, the 30-stock index is up nearly 3% through Wednesday’s close. The S&P 500 and Nasdaq are also up 2.7% and 1.6%, respectively, this week. Powell

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U.S. stock index futures were sharply lower

Posted on June 3, 2019

Market focus is largely attuned to global trade developments, amid growing fears that Washington’s latest tariff threats against Mexico could tip the global economy into a recession. Tensions between the U.S. and China escalated over the weekend, as the two countries clashed over trade, technology and security issues. A senior Chinese official and trade negotiator

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China retaliatory tariffs on imported U.S. goods was set to kick in at midnight

Posted on May 31, 2019

The commerce ministry did not single out any country or company, but the threat could further heighten tensions after Washington this month put Huawei on a blacklist that effectively blocks U.S. firms from doing business with the Chinese telecoms equipment giant. Beijing’s “unreliable entities list” would apply to those who violate market rules and the

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First-quarter gross domestic product beat the 3.0% Dow Jones estimate.

Posted on May 30, 2019

The U.S. economy grew by 3.1% to start the year, slightly better than expected and providing some relief at a time when recession fears are accelerating. In the bigger picture, growth easily surpassed what most economists had been expecting at the start of the year. At one point, the Atlanta Federal Reserve was estimating GDP

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Stocks fell on Wednesday as bond yields declined again.

Posted on May 29, 2019

A portion of the so-called yield curve further inverted as 3-month Treasury bills last yielded 2.351%, well above the 10-year rate. A yield curve inversion is seen by traders as a potential sign that a recession is in the horizon. The 10-year Treasury note yield fell to its lowest level since September 2017 and traded

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The Dow Jones Industrial Average gained 100 points

Posted on May 28, 2019

Stocks rose on Tuesday, but the gains were kept in check as trade tensions between China and the U.S. lingered. The S&P 500 climbed 0.4% as the tech sector outperformed. The Nasdaq Composite advanced 0.6%. Trade tensions between the two countries escalated earlier this month as both countries hiked tariffs on billions of dollars worth

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Dow opens up after Trump predicts a quick resolution to trade war

Posted on May 24, 2019

Amazon shares contributed to the gains, rising 1% after an analyst at Piper Jaffray said the company’s stock could reach $3,000 in two years. Dow Inc added to the gains, climbing 0.8% after J.P. Morgan upgraded the stock to neutral from underweight. The president’s comments lifted market sentiment at a time when investors are growing

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Stocks fell sharply Thursday as U.S.-China trade worries continue.

Posted on May 23, 2019

The Dow fell 300 points as Chevron and Exxon Mobil lagged. The S&P 500 fell 1.1%, while the Nasdaq dropped 1.3%. Shares of Qualcomm fell 2.9% while Xilinx declined 1.9%. Micron and Lam Research declined 2.2% and 1.8%, respectively. Apple shares also fell 1.7% after a UBS analyst cut his price target on the iPhone

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The Dow was up 130 points as Intel outperformed. The S&P 500 gained 0.75%, with the tech sector jumping. The Nasdaq advanced 1%.

Posted on May 21, 2019

Stocks traded higher Tuesday on news that the U.S. temporarily eased restrictions on Chinese telecom giant Huawei. The Commerce Department said Monday night it would allow Huawei to purchase American-made goods in order to maintain existing networks and provide software updates to existing Huawei handsets until Aug. 19. The move sought to minimize disruption for

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The Dow Jones Industrial Average declined by 200 points

Posted on May 20, 2019

Stocks fell on Monday as the intensifying fallout from a U.S. crackdown on Huawei pressured the technology sector. The S&P 500 pulled back 0.9%, with the tech sector dropping 1.6%. The Nasdaq Composite fell 1.7%. Alphabet’s Google has suspended business with Huawei that involves transferring hardware, software and other technical services. The U.S. search giant’s

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Market falls as US-China trade tensions linger

Posted on May 17, 2019

The U.S. hiked tariffs on $200 billion worth of Chinese goods last week while China retaliated Monday with higher levies on $60 billion worth of U.S. products. The moves led to a massive sell-off to start off the week. But the major indexes have clawed back most of their losses through Thursday’s close. Chinese stocks

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Market advance after strong Walmart and Cisco earnings

Posted on May 16, 2019

The Dow traded 260 points higher as Walmart and Cisco outperformed. The S&P 500 and Nasdaq each gained more than 1%. Walmart shares rose more than 3.5% after the retailer posted first-quarter earnings that topped analyst expectations. The company also said it is in a “good position ” to meet its goals for 2019 despite

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Fears of trade war is slowing the global economy

Posted on May 15, 2019

Overnight, data released in China showed industrial production by 5.4% in April on a year-over-year basis, notching the slowest pace of growth since May 2003. Economists polled by Refinitiv expected an expansion of 6.5%. Chinese retail sales also disappointed economists. U.S. retail sales fell 0.2% in April, the Commerce Department said Wednesday. Economists polled by

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The Dow was up more than 300 points, led by a gain in Coca-Cola.

Posted on May 14, 2019

Stocks rose sharply Tuesday, regaining some lost ground after a deep sell-off in the previous session, as the market weighed the impact of the escalating trade war between the United States and China. The S&P 500 advanced 1.2% as tech shares outperformed. The Nasdaq climbed 1.5%. Boeing and Apple shares gained 1% and 0.8%, respectively,

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Dow was down more than 500 points

Posted on May 13, 2019

Stocks fell sharply this morning after China decided to raise tariffs on some U.S. goods as the ongoing trade war between the world’s largest economies intensifies. The tech sector pushed the S&P 500 down by 2%. The Nasdaq dropped 2.6%. China will hike tariffs on $60 billion worth of U.S. imports, starting on June 1,

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Investors still remain on edge that U.S. and China would be unable to resolve a dispute over a proposed trade agreement

Posted on May 8, 2019

The major indexes were little changed Wednesday after a 470-point loss in the previous session. Chinese trade officials backtracked on key aspects of a trade deal draft, undercutting hopes that the Chinese delegation led by Vice Premier Liu He this week could salvage the deal, according to a Reuters report. The Dow has lost nearly

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Higher tariffs on Chinese goods are coming later this week.

Posted on May 7, 2019

The Dow traded 300 points lower, while the S&P 500 fell 1.2% as the energy sector lagged. The Nasdaq dropped 1.3%. Shares of trade bellwethers Caterpillar and Boeing fell more than 1% each. Chipmakers, meanwhile, led the tech sector lower. The VanEck Vectors Semiconductor ETF declined by 1.6% as KLA-Tencor dropped 5.8%. Applied Materials and

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Futures were pointing in different directions Tuesday morning

Posted on April 30, 2019

Market participants prepared for another day of corporate earnings and fresh data releases. The S&P 500 reached an all-time high on Monday on the back of better-than-expected results. Investors are set to keep a close eye on further corporate earnings Tuesday with some major tech companies reporting. On the data front, there will be an

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GDP shows, much stronger than anticipated numbers

Posted on April 26, 2019

Economy grows 3.2% in first quarter The U.S. economy expanded at a 3.2% annual pace in the first three months of 2019, the government said Friday. The gain was well above forecasts. Economists polled by MarketWatch had forecast a 2.3% increase in gross domestic product. The economy grew at a 2.2% rate in the final

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Wall Street advance as major companies post strong earnings

Posted on April 23, 2019

The market rose Tuesday as Wall Street cheered stronger-than-expected quarterly profits from some of the largest publicly traded U.S. companies. Dow rose 60 points, while the S&P 500 added 0.35% and the Nasdaq climbed 0.6%. The Nasdaq 100, which includes the 100 largest companies in the composite index, hit a record high. Dow members Coca-Cola

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Stocks traded lower Monday as investors assessed mixed quarterly numbers

Posted on April 15, 2019

Stocks decline on mixed earnings from major banks The Dow slid 65 points, while the S&P 500 slipped 0.25%. The Nasdaq fell 0.35%. Goldman Sachs reported better-than-expected earnings as the bank kept compensation in check, but its revenue came in below analyst expectations as sales from its institutional clients division dropped by 18%. Shares of

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U.S. stock index futures were slightly higher Friday morning

Posted on April 12, 2019

Market participants awaited the start of earnings season. Market focus is largely attuned to corporate earnings, with major U.S. banks set to get the ball rolling later in the session. FOMC released minutes from its March meeting, at which the Fed adjusted its forecast to no rate moves this year. The minutes reflected a central

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Wall Street watched progress on U.S.-China trade talks.

Posted on April 11, 2019

The Wall Street Journal reported that China agreed to open its cloud-computing sector to foreign companies in an attempt to sweeten a deal with the U.S. This follows Treasury Secretary Steven Mnuchin telling CNBC on Wednesday that Washington and Beijing have “pretty much agreed on an enforcement mechanism” for when a deal is struck. Investors

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The Dow slipped 40 points, while the S&P 500 and Nasdaq composite were each slightly higher on Federal Reserve.

Posted on April 10, 2019

Traders awaited minutes from the Federal Reserve’s latest meeting, as well as early results from companies reporting quarterly earnings. The Federal Reserve will release the minutes of its March monetary policy meeting later in the session. Last month, the U.S. central bank decided to maintain interest rates and hold off an any further increases this

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Dow declines under pressure from Boeing and GE

Posted on April 8, 2019

The Dow declines by 120 points. The S&P 500 pulled back 0.15% as the industrial sector dipped 0.9%. The Composite also slipped 0.15%. GE fell more than 6% after J.P. Morgan cut its price target on the stock to $5 from $6 a share. Boeing dropped more than 3.5% after Bank of America Merrill Lynch

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U.S. stock futures rose to their session highs on Friday on the back of stronger-than-expected U.S. employment data.

Posted on April 5, 2019

Futures jump 100 points after better-than-expected jobs report The U.S. economy added 196,000 jobs in March, according to data released by the Bureau of Labor Statistics. Economists polled by Dow Jones expected a print of 175,000. However, wage growth expanded 3.2 percent, below an expected gain of 3.4 percent. On Thursday, the Dow closed more

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Trade Optimism Stocks Advance

Posted on April 3, 2019

The market cheered a nearing trade deal between the U.S. and China and a soft measure on the service economy capped gains. Trade optimism as American and Chinese officials are reportedly closing in on a trade deal, having resolved most of the outstanding issues in their protracted trade dispute. Both countries have levied tariffs on

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Stocks ended higher Thursday as trade talks between China and the U.S. restarted

Posted on March 29, 2019

The Dow gained 91 points as shares of Nike and J.P. Morgan Chase outperformed. The S&P 500 added 0.35 percent. The broad index is also headed for its best first-quarter performance since 1998, rising 12.3 percent. The Nasdaq also advanced 0.35 percent. Financials and consumer discretionary were among the best-performing sectors in the S&P 500,

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Market jumps 200 points at the open as drop in bond yields stabilizes

Posted on March 26, 2019

The benchmark 10-year U.S. yield traded at 2.45 percent a day after reaching its lowest level since December 2017. The decline in the 10-year rate caused a so-called yield-curve inversion as the 3-month Treasury bill rate moved above the benchmark rate. Stocks rose on Tuesday as a decline in Treasury yields stabilized after a recent

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Global growth concerns stocks open lower

Posted on March 25, 2019

Stocks fell on Monday as concerns over the global growth outlook for the economy continued to weigh on investor sentiment The moves came amid a global stock decline in Monday’s session, both in Asian and Europe. Japan’s Nikkei 225 index dropped 3 percent, while German and French equities also declined. Worries over the global growth

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Stocks dropped sharply Friday

Posted on March 22, 2019

Fears of an economic slowdown persist The Dow sank more than 400 points as Nike and Boeing underperformed. The S&P 500 fell 1.7 percent, led by declines in the energy and financials sectors, as the broad index headed for its worst day since Jan. 3. The Nasdaq slumped 2 percent. Stocks dropped sharply Friday as jitters

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Stocks slipped on Wednesday as a decline in FedEx tempered sentiment while investors braced themselves for a key Federal Reserve announcement.

Posted on March 20, 2019

FedEx shares fell more than 5.5 percent after CFO Alan Graf warned in the company’s quarterly report that “slowing international macroeconomic conditions and weaker global trade growth trends continue, as seen in the year-over-year decline in our FedEx Express international revenue.” The Dow Jones Industrial Average declined 113 points as Johnson & Johnson lagged. The

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Stocks rose Monday to start off a busy week which will be highlighted by a key Federal Reserve meeting.

Posted on March 18, 2019

Wall Street awaits monthly Fed meeting The Dow traded 4 points higher, erasing earlier losses. The 30-stock index’s gains were capped by losses in Boeing, however. The S&P 500 added 0.35 percent and the Nasdaq rose 0.5 percent, but their gains were kept in check by a slide in Facebook. Facebook shares fell 2 percent after an analyst

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Market weighs trade talks and Boeing

Posted on March 15, 2019

The S&P 500 and Nasdaq indexes rose Friday as traders cheered renewed optimism on the U.S.-China trade front. Wall Street also headed for strong gains for the week. Gains in the tech and materials sectors pushed the S&P 500 up 0.2 percent. Tech shares also bolstered the Nasdaq, which climbed 0.6 percent. The Dow was

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The Dow Jones Industrial Average fell slightly Tuesday as shares of Boeing continued to struggle.

Posted on March 12, 2019

Boeing fell more than 5 percent, adding to steep losses from Monday’s session. Boeing fell after Edward Jones downgraded the stock to hold from buy, citing a possible “delay in orders” after two 737 MAX jets crashed in less than 6 months. The accident led several countries, including the U.K., China and Indonesia, to ground

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Wall Street looks for more clues on US-China trade

Posted on March 6, 2019

President Donald Trump wants the U.S. and China to strike a deal in hopes of boosting Wall Street stock prices ahead of the 2020 election.  Earlier this week, sources told CNBC the U.S. and China were in the “final stages” of trade talks, with the two sides planning a Mar-a-Lago summit for the end of

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Greenspan warns US budget deficit will lead to higher inflation

Posted on February 28, 2019

The yawning federal budget deficit is ultimately going to eventually lead to higher inflation The federal debt-to-gross domestic product ratio is on track to be as large as it was during World War II, Greenspan said during a talk at a National Association for Business Economics conference. The former Fed chairman despaired the lack of

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U.S. companies finally Goes on Debt Diet

Posted on February 27, 2019

U.S. companies are finally listening to stock and bond investors that have been pressing corporations to cut their debt loads. General Electric Co. is selling its biopharmaceutical business to Danaher Corp. for more than $21 billion, and using the money to pay down borrowings. Kraft Heinz Co. said last week it was slashing its dividend

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Oil fell by more than 2 percent Monday

Posted on February 25, 2019

Oil tumbles after Trump tells OPEC to relax, reversing earlier gains, after President Donald Trump told OPEC producers to relax, as prices are too high. Brent crude oil futures were down $1.43 at $65.69 a barrel at 1403 GMT, having earlier risen to a 2019 high of $67.47. West Texas Intermediate (WTI) crude futures were

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CleanSpark, Inc. (OTC: CLSK)

Posted on December 7, 2018

CleanSpark Releases Shareholder Update Letter PR Newswire SALT LAKE CITY, Dec. 6, 2018 SALT LAKE CITY, Dec. 6, 2018 /PRNewswire/ — CleanSpark, Inc. (OTC: CLSK), a microgrid company with advanced engineering, software and controls for innovative distributed energy resource management systems, today released a shareholder update letter. To our Stakeholders; As this is our first official shareholder letter,

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Posted on November 14, 2018

INVESTOR UPDATE FOR VISIUM TECHNOLOGIES, INC. FAIRFAX, VA, Nov. 13, 2018 (GLOBE NEWSWIRE) — Visium Technologies, Inc. (OTCPK: VISM), (the “Company”) today released an Investor Update from the Company: Benchmark cyber risk In an effort to provide all of Visium’s shareholders and future investors with the most current information, Visium’s management team is providing an

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