|Day's range||27,635.32 - 27,770.86|
|52-week range||21,712.53 - 27,774.67|
President Donald Trump continued to bash the Federal Reserve, saying stocks would be 25% higher if his own nominee for Fed Chairman had not raised rates during the beginning of his presidency.
US stocks ended mixed on Tuesday but the Nasdaq posted a new record even though investors still have not received clarity on an agreement to end the US-China trade war. Attention now will shift to back-to-back testimony Wednesday and Thursday by Federal Reserve Chairman Jerome Powell but it is unlikely he will do much beyond confirm the central bank is on hold for now. The highly-anticipated speech by President Donald Trump failed offer any positive news on US trade disputes with China or Europe.
The Nasdaq composite still finished with its second record high in three days, while the Dow Jones Industrial Average ended unchanged from the all-time high it set a day earlier. The S&P 500 crossed above the 3,100 level for the first time, placing the index on track for its own milestone finish, but the gains didn't hold. "There was some excitement on breaking 3,100, that perhaps we could continue higher on the S&P," said JJ Kinahan, chief market strategist at TD Ameritrade.
Investing.com - Stocks ended basically flat Tuesday as President Donald Trump's speech did not offer clues on when a China-U.S. trade deal will be signed.
Investing.com – Stocks were struggling to hold onto morning gains Tuesday even as President Donald Trump touted his administration's economy policy and hopes for a phase one trade deal.
The S&P 500 and Nasdaq hit all-time highs during trading but stocks ended off session highs after a highly anticipated midday speech from Trump, with investors concerned ahead of time about any comments that would worsen the tariff dispute that has convulsed markets for more than a year. Trump said U.S. and Chinese negotiators were "close" to a "phase one" trade deal, but largely repeated well-worn rhetoric about China's "cheating" on trade in remarks at The Economic Club of New York.
World stock markets rose Tuesday as investor awaited news on progress in negotiations on the trade dispute between China and the United States. An update could come later in the day, when U.S. President Donald Trump is scheduled to give a speech on trade and economic policy at the Economic Club of New York. Wall Street looked set for gains, with the futures for the Dow and the S&P 500 both up 0.1%.
Investing.com – Wall Street was flat on Tuesday as investors waited for U.S. President Donald Trump to give more insight on resolving the 16-month long trade war with China.
The Nasdaq climbed to a record high as investors kept watch for signs of progress in US-China trade talks and awaited congressional testimony from Jay Powell. US stocks maintained solid gains as Donald Trump made a speech at the Economic Club of New York in which he said a preliminary trade pact between the world’s two largest economies may be near. The Nasdaq Composite was up 0.3 per cent for a closing high.
Based on Monday’s price action and the close at 27658, the direction of the December E-mini Dow Jones Industrial Average on Tuesday is likely to be determined by trader reaction to the 50% level at 27538.
Wall Street was mostly lower Monday in a quiet holiday session, but Boeing's announcement on returning its 737 MAX to service after two deadly crashes provide a boost to the Dow. The aviation giant said it still hopes the Federal Aviation Administration (FAA) will allow it to resume MAX deliveries to airlines before the end of the year, and to approve the aircraft to begin flying in January. Boeing shares jumped 4.6 percent and that helped the Dow Jones Industrial Average recover from early losses to end the day a fraction higher at 27,691.49.
President Donald Trump said over the weekend that reports about U.S. willingness to lift tariffs were "incorrect," only two days after a Chinese official said both sides agreed to rollbacks if talks progress. The Dow Jones Industrial Average edged up to another record, largely due to a big gain by Boeing.
Shares were mixed in Asia on Tuesday as investors awaited cues on trade talks between China and the U.S. The next hints on progress in the negotiations between Beijing and Washington could come later in the day, when Trump is scheduled to give a speech on trade and economic policy at the Economic Club of New York. Japan's Nikkei 225 index gained 0.1% to 23,362.24, while the Hang Seng in Hong Kong added 0.1% to 26,947.66.
Investing.com – Wall Street fell on Monday as violent clashes in Hong Kong and trade comments from U.S. President Donald Trump caused investors to dial down last week's optimism.
Boeing propelled the Dow to a record high, but US stocks were otherwise under pressure with investors still racked by uncertainty over trade talks and as political tensions in Hong Kong flared up. Activity on Wall Street was subdued owing to the Veterans Day holiday, with equities trading but the Treasury market closed. The S&P 500 fell 0.2 per cent, while the Nasdaq Composite eased 0.1 per cent lower coming off their record highs on Friday.
Given the ongoing trade issues, the political drama in Washington, the Fed’s multiple moves and geopolitical uncertainties, the one constant this year underpinning stocks has been corporate earnings results.
Based on Friday’s price action and the close at 27631, the direction of the December E-mini Dow Jones Industrial Average futures contract on Monday is likely to be determined by trader reaction to the minor pivot at 27538.
The dollar slid and global equity markets fell on Monday after U.S. President Donald Trump's remarks over the weekend dashed investor optimism that Washington and Beijing would soon reach a deal to end their debilitating trade war. Trump said on Saturday that the U.S.-Sino trade talks were moving along "very nicely" but more slowly than he would have liked. Last week, U.S. and Chinese officials said they had agreed to roll back tariffs - a key consideration for China - that already are in place in a "phase one" trade deal.