Stocks Bounce Back From Edge of Bear Market

Stocks Bounce Back From Edge of Bear Market

Throughout Wall Street’s December meltdown, analysts have been saying that markets were plunging despite plenty of evidence that the United States economy remains strong and corporate profit growth is healthy. That argument finally found listeners on Wednesday, when early reports of a strong holiday-shopping season helped lift the S&P 500 by nearly 5 percent, its best day since 2009. The Nasdaq added 5.8 percent, and the Dow Jones industrial average rose just under 5 percent. That jump, over 1,086 points, represented…

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Treasury yields rise after Fed hikes rates for the fourth time in 2018

Treasury yields rise after Fed hikes rates for the fourth time in 2018

U.S. government debt yields climbed higher on Thursday as investors digested the fourth rate hike this year from the U.S. Federal Reserve. The yield on the two-year Treasury bond, the coupon maturity most sensitive to Fed policy expectations, rose four basis points to 2.6706 percent, while the benchmark 10-year Treasury note was two basis points higher at 2.7944 percent. Bond yields move inversely to prices. On Wednesday, the Fed announced an increase in its benchmark interest rate by a quarter point to…

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Dow dives about 500 points to its lowest close since May

Dow dives about 500 points to its lowest close since May

Stocks fell sharply on Friday after weaker-than-expected data in China and Europe exacerbated concerns of a global economic slowdown. The Dow Jones Industrial Average fell 496.87 points to 24,100.51, its lowest level since early May, led lower by declines in Apple and Johnson & Johnson. For the year, the Dow is now down 2.5 percent. The S&P 500 dropped 1.9 percent to 2,599.95 — its lowest closing level since April — as the tech and health care sectors lagged. The broad index also closed down 2.75…

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What the ‘other’ stock market is saying

What the ‘other’ stock market is saying

Ask a young Wall Street pro about the New York Stock Exchange Index and they may tell you they’re familiar with it, but that it’s no longer relevant. After all, the Standard & Poor’s 500 Index is what “everyone” follows. “Everyone” wants to beat it and any money manager that can’t beat the S&P 500 index SPX, +0.62% in a particular year is a big loser … right? And even if the S&P 500 isn’t all you look at, you need to look…

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The Nasdaq’s recent record was historic in more ways than one

The Nasdaq’s recent record was historic in more ways than one

The Nasdaq Composite Index returned to record levels earlier this week, erasing all the losses it suffered in a recent decline. But while that all-time high was, in a sense, historic — though the index has hit dozens of records over the past year — it also represented a bigger milestone than investors may have realized. On an inflation-adjusted basis, the Nasdaq’s COMP, +0.00%  recent peak allowed it to finally surpass 5,048.62, the record it touched at the top of the dot-com bubble…

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S&P 500 books lengthiest skid of 2018 as Mueller expands Russia probe

S&P 500 books lengthiest skid of 2018 as Mueller expands Russia probe

The S&P 500 index declined for a fourth straight session, representing its longest such stumble in 2018. The broad-market index was weighed by selling in consumer-discretionary and energy and materials sectors, the weakest groups of the index’s 11, even as U.S. crude-oil futures CLJM settled higher for a second session in row. The fourth declining session marks the S&P 500‘s longest string of losses since the four-session slide ended Dec. 6, 2017, according to Factset data. Meanwhile, the Dow Jones Industrial Average [:…

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Dow snaps three-day decline; S&P 500 has longest losing streak since December

Dow snaps three-day decline; S&P 500 has longest losing streak since December

U.S. stocks mostly closed lower on Thursday, as uncertainty surrounding President Donald Trump’s protectionist stance on trade policy weighed on sentiment, although gains in a few market bellwethers kept the Dow from a fourth straight decline. Based on preliminary closing figures, the Dow Jones Industrial Average DJIA, +0.29% rose 116 points, or 0.5%, to 24,874. Among the biggest gainers in the blue-chip average, Goldman Sachs Group Inc. GS, +0.37% rose 0.8% while McDonald’s Corp.MCD, +0.46% was up 2.1%. The S&P 500 SPX, +0.17% fell 2 points, or 0.1%, to 2,747. The…

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Nasdaq end at records, as stocks extend quarterly win streaks

Nasdaq end at records, as stocks extend quarterly win streaks

U.S. stocks wrapped up the week, the month and the quarter on a high note, with the S&P 500, Nasdaq Composite and Russell 2000 hitting all-time highs on Friday. All the main indexes posted weekly, monthly and quarterly gains. How did stock indexes perform? The S&P 500 index SPX, +0.37% gained 9.30 points, or 0.4%, to 2,519.36, closing at a record for the 39th time this year. The benchmark index gained 0.7% over the week and 1.9% over the month….

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Dow Futures Tick Higher as Markets Await Trump Tax Plan

Dow Futures Tick Higher as Markets Await Trump Tax Plan

U.S. stock futures pointed to a small rise at the open on Wednesday morning, as investors took positions ahead of an expected roll-out of the Trump administration’s plan for tax cuts. U.S. President Donald Trump is expected to unveil his tax reform plan during a speech in Indianapolis at 3:00PM ET (1900GMT). The plan has been developed over several months by six White House and congressional Republicans working behind closed doors and with no input from Democrats. Republicans, who control…

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Gold prices under pressure as dollar rebounds

Gold prices under pressure as dollar rebounds

Base metals traded on the London Metal Exchange are mainly firmer this morning, Wednesday September 27, with gains averaging 0.6%. Volume has been average with 6,713 lots traded as of 06:48 BST. This after a generally weak performance on Tuesday when the complex closed down by an average of 0.6%, with copper, aluminium and nickel’s performances looking quite bearish, while the others seemed to consolidate their positions more. Precious metals prices are up an average of 0.4% this morning with…

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