|Day's range||33,634.63 - 35,114.65|
|52-week range||24,618.09 - 35,461.52|
Once again, the U.S. stock market is getting choppy. Yes, most economists and investors with a brain admit that escalation of global trade-war talk is a net negative for all parties. After all, market research firm FactSet reported in its latest Earnings Insight that second-quarter earnings are expected to rise 19% across the S&P 500(^GSPC) components.
No one loves Argentina right now, but a 58% profit could change investors' minds.
The Argentine peso fell 4.61 percent in opening trade Tuesday, signaling a return to the volatility that prompted the country's central bank to intervene last week to support the currency. The peso declined to 23.41 to the dollar and the Buenos Aires Stock Exchange's Merval index followed suit, dropping 4.68 percent less than two hours after it opened. Argentina's Central Bank on Friday raised its key interest rate to 40 percent to support the peso after it plunged 7.64 percent the day before.
Global markets started the New Year on a strong note, notching up record gains.