|Day's range||9,346.81 - 9,393.48|
|52-week range||6,953.23 - 9,393.48|
The better-than-expected economic data demonstrated the resilience of the U.S. consumer in keeping the current economic expansion alive, and the solid corporate earnings from U.S. banks points toward the importance of the Fed holding interest rates at favorable price levels.
Wall Street stocks again finished at records on Friday, capping a positive week of trade-related news and mostly solid corporate earnings. The Dow Jones Industrial Average ended up 0.2 percent at 29,348.10. ...
Wall Street stocks added modestly to records early Friday following good US housing data and some better-than-expected Chinese economic reports. Construction of new US housing shot to a 13-year high last ...
President Donald Trump on Thursday officially nominated former economic adviser Judy Shelton and St. Louis Fed economist Christopher Waller to the remaining two seats at the Fed.
Asian shares rose on Friday after data in China showed pressure on the world's second biggest economy may be starting to diminish. The news along with easing trade tensions with the United States underpinned riskier assets, even as some markets took a breather in late afternoon trade. European bourses were expected to extend the global rally after Wall Street posted more records.
Wall Street struck a trio of fresh records and the S&P 500 closed above 3,300 for the first time, boosted by tech and financial stocks and as investors remained upbeat in the wake of the US-China trade truce. Having already set numerous records this week, the S&P 500 closed 0.8 per cent higher at 3,316.81, led by a 1.4 per cent increase in tech stocks and a 1 per cent rise in industrials. The Dow Jones Industrial Average rose 0.9 per cent to 29,297.64, while the Nasdaq Composite gained 1.1 per cent to 9,357.13.
Global markets were subdued Thursday after the signing of a preliminary China-U.S. trade agreement that investors hope will bring better relations between the world's two biggest economies. U.S. President Donald Trump and China's chief negotiator, Liu He, signed the “Phase 1" deal on Wednesday before a group of corporate executives and reporters at the White House. The pact eases some sanctions on China.
Despite the signing of a phase one trade deal, California companies from banks to cemeteries say they have low optimism over business relationships rebounding in activity.
Wall Street stocks edged higher early Wednesday ahead of the signing of the US-China trade accord and as markets digested mixed earnings reports. Investors have welcomed the trade deal as a sign of mellowing ...
Global markets are mixed as traders wait for the Phase One deal signing. The details so far suggest the Phase One deal is far less than the market was expecting.
Wall Street returned to record territory as Donald Trump signed a US-China trade deal that has allayed fears of a protracted trade war. The Nasdaq Composite gained 0.1 per cent. Mr Trump and Chinese vice premier Liu He, along with other government officials, gathered at the White House to formally ink the phase one trade pact that calls for Beijing to increase American farm purchases and better protect intellectual property, among other measures.
Wall Street stocks finished a choppy session mostly lower Tuesday as earnings season opened with mixed banking results ahead of a US-China trade agreement. Stocks were bruised by an early afternoon Bloomberg News report that said the United States could maintain tariffs on more than $300 billion in Chinese goods past November 2020. The report came a day before US and Chinese representatives are set to sign a partial trade deal in which the Washington agreed not to impose additional tariffs and to reduce tariffs on about $120 billion of goods.
The daily chart indicates there is plenty of room to the downside, but it’s going to take a combination of fresh shorting and long liquidation to trigger an acceleration to the downside through Tuesday’s intraday low at 28737.
The December jobs report highlighted disappointing wage growth data, showing average hourly earnings rose by only 2.9% over last year and dipped below 3% for the first time in more than a year.
Major US indices pulled back from records early Tuesday following mixed banking earnings and after the US removed its currency manipulator label on China, a sign of further mellowing of trade relations. JPMorgan Chase and Citigroup both rose more than two percent after reporting better-than-expected results but Wells Fargo fell 3.5 percent after another earnings stumble and signaled it expects cost cuts. Analysts welcomed Washington's move to drop its accusation that China manipulates its currency ahead of the expected signing of a "phase one" trade deal Wednesday.