|Day's range||26,099.01 - 26,388.80|
|52-week range||21,712.53 - 27,398.68|
All eyes will be on Federal Reserve Chairman Jerome Powell Friday morning when he speaks at the Fed’s annual Jackson Hole Economic Policy Symposium.
Kansas City Fed President Esther George told Yahoo Finance that cutting interest rates is "not likely to resolve" uncertainty over trade.
Asian shares struggled to make any headway on Friday as weak U.S. manufacturing activity and uncertainty over how much further the Federal Reserve would cut rates added to the general air of caution in markets buffeted by global growth fears. With political tumult in Hong Kong, Italy and Britain adding to the tense backdrop, investors were keenly waiting on a speech by Fed Chairman Jerome Powell later in the day at a gathering of central bankers in Jackson Hole. MSCI's broadest index of Asia-Pacific shares outside Japan edged 0.1% lower, though it was up 0.6% for the week and on track to break a four-week losing streak.
Investing.com – Investors are betting big on Boeing (NYSE:BA) for now, and the Dow Jones Industrial Average was the beneficiary on Thursday.
Wall Street stocks tripped into the red Thursday as worries about global growth resurfaced following lackluster US and European data. Stocks had opened higher, but tumbled around the same time as the US Treasury market experienced another yield "inversion" in which the return on 10-year notes fell below that of two-year notes, a worrisome development seen as sign of a possible recession. Markets have been volatile throughout August amid concerns about worsening trade tensions, softening global growth and a weakening US manufacturing sector.
A wobbly day on Wall Street left stock indexes mostly lower Thursday as investors turned cautious ahead of a widely anticipated speech by the Federal Reserve chairman. Stocks gave up an early gain and then wavered through much of the day after a mixed batch of economic data coupled with remarks from two Federal Reserve bank presidents left investors less certain about the likelihood that the central bank will lower interest rates again next month. Traders hope for a better read on Fed policy Friday, when Chairman Jerome Powell is scheduled to speak at the central bank's annual conference in Jackson Hole, Wyoming.
Wall Street stocks opened higher Thursday, extending a rally on steadying Treasury yields and good retailer earnings ahead of a key Federal Reserve policy address. Major US equity indices have been under ...
Amid pessimism, retailers such as Target, Walmart, Costco, and Lowe’s are putting up stellar performances. Is Trump right to dismiss recession concerns?
Investing.com – Wall Street rose on Thursday after more strong earnings from retailers continued to underscore that the U.S. consumer remains resilient.
Investors treated the Fed minutes as a non-event, choosing instead to shift their focus on Powell’s speech at Jackson Hole on Friday. The muted price action in all the final markets indicates some investor indecision and impending volatility. In other words, investors are keeping their powder dry.
Furthermore, it shows that investors want Federal Reserve Chairman Jerome Powell and the FOMC members to cut very aggressively. Due to the muted reaction in the financial markets, a dovish spin by Powell on Friday should trigger a more volatile reaction in the markets.
Investing.com – Stocks rose for the fourth day in the last five as investors were cheered by Boeing's hope to get its 737 Max jet back into the air and by gains in tech and retail stocks.
Asian stock markets are mixed Thursday following Wall Street's rebound as investors looked ahead to a speech by the U.S. Federal Reserve chairman for clues about possible interest rate cuts. Investor reaction was muted following Wednesday's release of notes from the latest Fed meeting showing conflicting opinions about rates. Investors are looking to Chairman Jerome Powell's speech Friday for guidance about whether the Fed might cut rates at its next meeting in September.
Based on the early price action and the current price at 26198, the direction of the September E-mini Dow Jones Industrial Average on Wednesday is likely to be determined by trader reaction to the main 50% level at 26012.
Wall Street stocks bounced early Wednesday after strong US retailer results and ahead of the release of Federal Reserve meeting minutes. The strong earnings came as yields on the 10-year US Treasury note pushed higher after faltering Tuesday. The broad-based S&P 500 also gained 1.0 percent to 2,928.39, while the tech-rich Nasdaq Composite Index jumped 1.1 percent to 8,033.71.
Wall Street's main indexes rose on Wednesday as upbeat earnings from retailers pointed to strength in U.S. consumer demand, and held gains after minutes from last month's Federal Reserve meeting showed policymakers had debated a more aggressive interest rate cut. U.S. stocks moved solidly higher following better-than-expected results from retailers Target Corp and Lowe's Cos Inc . Target shares surged 20.4% after the big-box retailer raised its annual earnings forecast.