|Day's range||2,793.39 - 2,803.71|
|52-week range||2,417.35 - 2,872.87|
Wall Street stocks finished mostly lower Monday, with petroleum-linked shares sliding on tumbling oil prices, although banking shares enjoyed large gains following solid earnings. The Dow Jones Industrial ...
On a per-share basis, the Los Gatos, California-based company said it had profit of 85 cents. The results topped Wall Street expectations. The average estimate of 19 analysts surveyed by Zacks Investment ...
The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing mostly lower on Wall Street as a steep drop in oil prices delivered a blow to energy companies. Hess slumped ...
U.S. stocks are mostly slipping Monday as energy companies sink along with the price of oil. Banks are rising along with interest rates, and Bank of America is climbing after a solid second-quarter report. The Dow Jones Industrial Average was unchanged at 25,018 as Goldman Sachs, JPMorgan Chase, and Boeing made gains.
NextEra Energy (NEE), the biggest utility holding company by market cap, is currently trading at an EV-to-EBITDA (enterprise value-to-EBITDA) valuation multiple of ~15x, higher than its five-year average of ~12x. Peer Duke Energy (DUK) is trading at a valuation multiple of 10.6x, close to its historical average.
Earnings season was not distraction enough for markets to get their groove back. •...are in awe of Faang–Facebook (FB), Amazon.com (AMZN), Apple (AAPL), Netflix (NFLX) and Alphabet (GOOGL)–performance; •...blame Elon Musk's oversharing for Tesla's (TSLA) sputtering stock. The Dow has been flat so far Monday at around 25,020.44. Investors found nothing to write home about, despite a good start to the earnings season.
The S&P 500 lost 2.5 points, or 0.09%, to 2,798.65 as of 9:50 AM ET (13:50 GMT), while the Dow decreased 14 points, or 0.06%, to 25,005.06 and the tech-heavy NASDAQ Composite was down 0.5 point, or 0.01%, to 7,825.53.
What Caused the Consumer Sector to Rise Last Week? In terms of YTD (year-to-date) performance, the consumer discretionary sector has performed better than the consumer staples sector and the S&P 500 Index. The S&P 500 Consumer Discretionary Index (14.2%) has outperformed the S&P 500 Index (4.7%) and the S&P 500 Consumer Staples Index (-7.8%) YTD.
On July 6–13, US equity indexes had a positive performance. On July 13, the S&P 500 Index closed above 2,800—the first time since February 1.
US stocks rallied last week even though Japan and other emerging markets are reeling under tremendous pressure. The small-cap Russell 2000 Index and the tech-heavy NASDAQ Composite scored record highs, while the S&P 500 touched a five-month high. The S&P 500 rose 1.50% and closed the week at 2,801.31. The Dow Jones Industrial Average rose 2.30% to 25,019.41, while the NASDAQ Composite rose 1.79% to 7,825.98. The US ten-year Treasury yield remained flat at ~2.83% for a second week in a row. Financials lagging broader markets
Stock futures turned mixed ahead of Monday's open as oil prices dropped sharply, Bank of America and J.B Hunt reported Q2 results and investors looked to Netflix's report after the close.
Is Goodyear Tire & Rubber Company (GT) a great pick from the value investor's perspective right now? Read on to know more.
In the Global Week Ahead, stock traders will focus upon a raft of early second quarter earnings reports. Zacks Chief Strategist John Blank ranks five headlines in order of importance for equities.
More than $1 trillion has poured into target-date funds, and many investors are opting for them in their 401(k) plans. Experts warn that often this hands-off approach can backfire by failing to account for other factors, like income changes and life expectancy.
Wells Fargo, JPMorgan, Bank of America, Goldman Sachs and Morgan Stanley are part of Zacks Earnings Preview
In the week ending July 13, the cannabis sector ended broadly in the negative territory. The Horizons Marijuana Life Sciences ETF (HMMJ) declined as much as 1.7%, while the TSX Composite Index rose 1.2% and the S&P 500 Index rose as much as 1.5% during the week.
Stock market momentum remained largely unhindered despite recent volatility. Wall Street first observed strong performance in the first two weeks of July.