Federal Reserve Board Chairman Jerome Powell speaks during a press conference following the January 28-29 Federal Open Market Committee meeting, in Washington, DC on January 29, 2020. Mandel Ngan | AFP | Getty Images (This is a live blog. Check back for updates.) 3:07 pm: What the trade deals mean for economy “The fact that […]
Tag: S&P 500 Index
Falling bond yields on coronavirus may stunt bank profits
U.S. Treasury yields are sliding, and that could negatively impact financial institutions, CNBC’s Jim Cramer said Monday. “Worries about a worldwide slowdown mean people will buy [U.S.] Treasurys, and when people buy Treasurys, interest rates go down,” the “Mad Money” host said. “Lower long-term rates translate to lower earnings for the banks, which is why […]
Earnings could spark a significant sell-off, Art Hogan warns
Long-time market bull Art Hogan is on pullback alert. With the busiest period of earnings season kicking off this week, the National Securities chief market strategist warns conditions are ripe for a significant move lower. “Stocks are relatively priced for perfection, and you tend to have a bit of an overreaction to bad news or […]
Mainland Chinese stocks plunge as coronavirus fears grip investors
The Shanghai composite fell greater than 3% whereas the Shenzhen element dropped past 4%. The Shenzhen composite additionally declined 4.259%. Hong Kong’s Hang Seng index additionally fell 2.21%. Elsewhere, the Nikkei 225 in Japan slipped 0.98% to shut at 23,795.44 whereas the Topix index additionally shed 0.78% to finish its buying and selling day […]
5 things to know before the stock market opens January 21, 2020
U.S. inventory futures have been pointing to a decrease Wall Street open on Tuesday, with world shares from Asia to Europe underneath strain. The U.S. market was closed Monday for the Martin Luther King Jr. vacation. On Friday the Dow Jones Industrial Average, S&P 500 and Nasdaq all closed at report highs once more. For […]
Stocks appear detached from reality, rallying in anticipation of two things that may not happen
The new year is not even three full weeks old, and already half a trillion dollars has been added to the S&P 500’s value. Some investors worry either the economy has to suddenly jolt into action or earnings have to surprisingly surge — two things unlikely to occur — in order to justify these […]
Morgan Stanley leads Wall Street to records
A trader works on the floor of the New York Stock Exchange. Getty Images Dow Jones Industrial Average rises 267 points The Dow gained 267.42 points, or 0.92%, to close at 29,297.64. The S&P 500 rose 0.84% to 3,316.81. The Nasdaq Composite advanced 1.06% to 9,357.13. Solid economic data coupled with strong quarterly earnings and […]
US won’t consider China a currency manipulator ahead of trade deal
Chinese Vice Premier Liu He (2nd L) says goodbye to U.S. Treasury Secretary Steven Mnuchin as they break from meetings at the USTR offices May 10, 2019 in Washington, DC. Chip Somodevilla | Getty Images The United States removed China from a list of countries considered currency manipulators just two days before top trade negotiators […]
What happened to the stock market Monday: S&P, Nasdaq hit records
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Dow Jones Industrial Average rises 83 points The Dow climbed 83.28 points, or 0.29%, to end the day at 28,907.05. The S&P 500 and Nasdaq Composite rose 0.70% and 1.04%, respectively, to record highs. Stocks rose as optimism around the […]
S&P 500 rises to record high after news the US will remove currency manipulator tag from China
Stocks closed higher on Monday, resuming the rally that started last week amid news the U.S. will remove China from a list of currency manipulating countries, increasing optimism ahead of the signing of a key trade agreement. The S&P 500 gained 0.7% to close at 3,288.13, hitting a record high. The Nasdaq Composite also notched an all-time […]
