|Day's range||2,833.73 - 2,855.63|
|52-week range||2,417.35 - 2,872.87|
Inflation pressures are increasing in the U.S. economy and they are starting to dent consumer confidence.
Aug.17 -- The S&P 500 is marching towards record highs as it tops off the best earnings season in nearly eight years. Bloomberg Intelligence U.S. equity strategist Kevin Kelly walks through three key charts from 2Q earnings season.
One positive that can be taken from last week’s events is that sometimes it is necessary for an event to come along and drive stocks back into value areas. Too often, bull markets sputter along near all-time highs because of limited buying. However, profit-taking and position-paring is often necessary to bring prices into areas that are attractive to new buyers. It’s this new capital that then drives stocks to new highs.
US stock markets have been an absolute mess over the last several sessions but look as if they are going to finish the week showing signs of strength again. The previous week was a shooting star, and this week looks to be a hammer. What does this mean? More questions than answers, but it certainly looks as if only the foolish come in and short this market right now.
The US stock markets fell a bit during the day on Friday initially, but continue to find support around previous levels that had offered resistance. Because of this, and the fact that the weekly candle stick is starting to look very much like a hammer, I remain positive.
Investors are desperate for income. With yields still low and interest rates on the rise, advisors say it’s critical to start thinking differently about how to balance immediate income needs with long-term portfolio preservation. “This is a hard time to generate investment income in the usual ways,” says Randy Carver, president of Carver Financial Services in Mentor, Ohio.
Investing.com - The Dow closed sharply higher on Friday as traders cheered reports that plans were afoot for a meeting between President Trump and Chinese counterpart Xi that could pave the way for an end to the trade war.
Investors are feeling more willing to wade back into emerging markets, even if we probably haven't seen the last of volatility. •...and applaud Nordstrom's (JWN) earnings win. The Nasdaq Composite gained 9.81 points, or 0.1%, to 7816.33. That doesn't mean that there weren't ongoing geopolitical worries, just that investors chose to ignore them.
U.S. stocks rose late in the day Friday as investors hoped the U.S. and China are making more progress in trade talks. The Wall Street Journal reported that the countries hope to resolve their dispute ...
By rights, the week ahead should be a snoozer, but trade talks and the Fed's annual Jackson Hole symposium could make for late summer volatility, some of which could be on the upside.
The U.S. stock market is well on its way to better-than-average gains this year, but a quick glance at overseas markets reveals a more sobering story.
On August 9–16, US equity indexes had the following correlations with US crude oil September futures: the S&P Mid-Cap 400 (IVOO): 46.9% the S&P 500 (SPY): 38.7% the Dow Jones Industrial Average (DIA): 32.5%
Investing.com - Stocks started the day lower on Wall Street Friday, as global market selling on a further tumble in the Turkish lira hit the broader market and weakness in semiconductor earnings hit technology shares.
On August 9–16, the major energy ETFs had the following correlations with US crude oil September futures: the Energy Select Sector SPDR ETF (XLE): 96.3% the VanEck Vectors Oil Services ETF (OIH): 95.2% the SPDR S&P Oil & Gas Exploration & Production ETF (XOP): 91.9% the Alerian MLP ETF (AMLP): 63.6%
Investment strategies are a lot like diets: They work only if you stick with them. Joel Greenblatt wants to change all that. The Columbia University professor and founder of Gotham Asset Management is the author of The Little Book That Beats the Market, a best seller that offers metrics and strategies for beginner and established value investors.