|Day's range||9,777.10 - 9,838.37|
|52-week range||7,292.22 - 9,838.37|
Thursday’s economic data earnings releases are poised to shed more light on the impact of the coronavirus to the domestic economy and individual companies.
Based on the early price action and the current price at 29358, the direction on the March E-mini Dow Jones Industrial Average the rest of the session on Wednesday is likely to be determined by trader reaction to the minor pivot at 29322.
The Zacks Analyst Blog Highlights: Smith Micro Software, Accuray, Vista Outdoor, Synaptics and CareDx
Moving forward, investors are going to be paying close attention to how other major technology companies doing business in China respond to the crisis. Of particular interest will be companies in Apple’s supply chain.
President Trump's tenure has seen Wall Street perform exceptionally well so far. In fact, Trump often cites Wall Street's bull run as a reflection of his good governance.
Stock markets slipped Tuesday as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target this quarter and China moving to postpone or cancel major events, including the Beijing auto show. As the outbreak persists, bringing new travel advisories and disrupting trade, travel and supply chains, it is casting a widening shadow over the regional economy. South Korean President Moon Jae-in said Tuesday that the coronavirus crisis has put the country’s economy in an “emergency situation” and called for aggressive efforts to support companies dependent on trade with China and prompt up consumption.
Wall Street closed out a wobbly day of trading Friday with the major stock indexes notching their second straight weekly gain. The S&P 500 and Nasdaq eked out tiny gains, good enough to nudge each to an all-time high for the fourth time this week. Gains in the technology, real estate and utilities sectors outweighed losses in energy and industrial stocks, and in consumer-centric companies.
The S&P 500 ended modestly higher on Friday following strong earnings from Nvidia and a report late in the session that the White House was considering a tax incentive for Americans to buy stocks. "In an election year, especially when the president is getting backlash that the tax cut benefits only the rich, seeking a way to democratize the stock market to low income earners would be a popular manoeuvre," said Joseph Sroka, chief investment officer at NovaPoint in Atlanta. While the S&P 500 and the Nasdaq closed modestly higher, the Dow lost ground.
Investing.com – Wall Street was in the red in afternoon trading Friday, with the Dow the worst hit following more negative news on Boeing’s 737 Max jet problems.
The U.S. markets are going to be supported as long as Asian and European money keeps coming in to chase the higher-yield. But if they start to come down later today and finish lower, then this will tell us that the U.S. professionals have had enough and the market could start to come down.
An overnight spike of nearly 15,000 in China’s reported coronavirus cases upended world markets on Thursday.