|Day's range||2,890.43 - 2,911.17|
|52-week range||2,488.03 - 2,916.50|
In the week that ended on September 7, US crude oil inventories fell 3% below their five-year average. In the previous week, inventories were on par with their five-year average.
US markets have been quite resilient for the most part in 2018—even in the face of escalating trade tensions between the United States and the European Union, Canada, Mexico, and China. The markets have tended to dive initially only to erase most of the losses later on—probably because the markets believe that the United States has the upper hand in the trade situation and has less to lose. In contrast, China’s major indexes have plunged ~25.0% from their highs this year, and its economic growth is also feeling the pressure from these escalating trade tensions.
Metals and mining stocks are showing strength. As of 1:00 PM EDT on September 18, Freeport-McMoRan (FCX) and Alcoa (AA) have risen 2.9% and 1.1%, respectively. In the steel space, U.S. Steel Corporation (X) and Cleveland-Cliffs (CLF) are trading with gains of 2.5% and 3.1%, respectively.
Stocks are in the black as investors repress fears of ratcheted up trade tensions. The Nasdaq Composite has the most work to do to get past its last record close. China hit back Tuesday against new tariffs levied by the Trump administration, but investors are turning a blind eye to current events…for now.
Technology and consumer-focused companies led U.S. stocks broadly higher Tuesday afternoon, reversing much of the market's losses from a day earlier. Health care stocks also posted solid gains.
On September 17, US crude oil October futures fell just 0.1% and settled at $68.91 per barrel. However, in the last trading session, the Energy Select Sector SPDR ETF (XLE) rose 0.2%.
Investing.com - Wall Street was higher on Tuesday, as investors shrugged off news that China is retaliating against a fresh round of U.S. tariffs.The S&P 500 rose 9 points, or 0.34%, to 2,898.68 as of 9:36 AM ET (13:36 GMT), while the Dow increased 77 points, or 0.30%, to 26,140.10 and the tech-heavy Nasdaq Composite jumped 43 points, or 0.56%, to 7,939.77.China said it would impose new tariffs on U.S. goods worth $60 billion, effective Sept. 24, Reuters reported. The new tariffs are in response to U.S. ...
The S&P and MSCI are changing they classify certain sectors. Do you know what this means for your portfolio?
The trade war intensified again yesterday as President Donald Trump announced that the United States (SPY) (IVV) would impose tariffs on $200 billion worth of Chinese goods starting on September 24. Previously, the United States imposed tariffs on $50 billion worth of Chinese goods, and China retaliated in kind. Trump is also mulling over whether to impose tariffs on $267 billion worth of additional Chinese products.
Apple manages to escape the latest U.S. tariffs and players who generate bulk of their revenues domestically remain fairly immune to its adverse effects.
Wall Street stocks rose early Tuesday despite an escalation in the US-China trade war with new tariffs announced by both sides. Analysts said the market's response was due to relief US tariff measures ...
Investors in Brazilian stocks should buckle up for more volatility as the country's upcoming presidential election approaches.
It has been a decade since the collapse of Lehman Brothers. While governments loosened their purse strings, central banks also took a dovish approach by lowering interest rates and using other monetary policy tools. Fast forward to 2018, the tools available for central banks and governments look limited.