· The S&P 500 eked out another record high close on Tuesday and capped its best four-month stretch in nearly nine years after a recent rally that helped to restore investors’ belief in the decade-long bull run.
Apple shares jumped about 5 percent following its quarterly results after the bell, which will help to ease worries about the earnings outlook for the S&P 500, even as Google-parent Alphabet tumbled during the session in the wake of a revenue miss.
The Dow Jones Industrial Average...
•European stocks closed lower on Thursday as traders reacted to comments from the chair of the Federal Reserve, a Bank of England monetary policy statement, corporate earnings and disappointing data from the euro zone.
The pan-European Euro Stoxx 600 Index ended the session 0.6% lower. All major bourses and most sectors were in negative territory at the closing bell.
•Asian stock markets stayed within tight ranges on Friday amid thin holiday trade and as investors awaited the release of key...
· The S&P 500 eked out another record high close on Tuesday and capped its best four-month stretch in nearly nine years after a recent rally that helped to restore investors’ belief in the decade-long bull run.
Apple shares jumped about 5 percent following its quarterly results after the bell, which will help to ease worries about the earnings outlook for the S&P 500, even as Google-parent Alphabet tumbled during the session in the wake of a revenue miss.
The Dow Jones Industrial Average...
•European stocks followed their U.S. counterparts lower on Thursday morning after the Federal Reserve chairman hinted that lower rates may not be in the cards.
The pan-European Euro Stoxx 600 Index was lower 0.3% in early deals. Most major bourses were in negative territory with only the German DAX bucking the trend.
Meanwhile, investors in the U.K. will monitor a rate decision from the Bank of England on Thursday. There are also local elections being held in the country.
•Asian markets marked...
· The S&P 500 reached an all-time high on Monday, but the session’s gains were kept in check as investors braced for a busy week including a flurry of corporate earnings reports, economic data and an announcement from the Federal Reserve.
The broad index gained 0.1% to 2,943.03, breaking the previous record high set in September. Financials led the gains in the S&P 500, climbing 0.9%. Bank of New York Mellon and Citigroup were among the best performers in the sector, rising about 2%...
S&P 500 TECHNICAL ANALYSIS
S&P 500 futures, which offer a view of after-hours trade, are showing signs of topping on the daily chart. This because of a Shooting Star, which shows indecision, formed after prices failed to close above the record highs in September. Accompanying this is a bearish Rising Wedge going back to February.
On top of this, negative RSI divergence indicates fading upside momentum which can at times precede a turn lower. A decline places near-term support around 2900. Meanwhile...
· The S&P 500 and Nasdaq Composite closed at record highs on Friday as better-than-expected economic data offset a mixed batch of corporate earnings.
The S&P 500 climbed 0.5% to 2,939.88, an all-time closing high. The tech-heavy Nasdaq ended the day up 0.3% at 8,146.40. The Dow Jones Industrial Average rose 81.25 points to 26,543.33 and closed 1.5% below its all-time high.
First-quarter gross domestic product was 3.2%, the Commerce Department said on Friday, topping the consensus economist...
•European stocks were mixed Monday morning, amid lingering concerns over the outlook for the global economy.
The pan-European Stoxx 600 was flat during early morning deals, with sectors and major bourses pointing in opposite directions.
•Asian shares climbed on Monday, with markets in Europe poised to track their gains, after strong U.S. first-quarter economic growth and data showing profits at Chinese industrial firms grew for the first time in four months.
MSCI’s broadest index of...
· The Dow Jones Industrial Average dropped on Thursday as a sharp decline in 3M shares dragged the 30-stock index.
The Dow fell 134.97 points to 26,462.08 as shares of 3M dropped 12.9% after the company reported earnings that were much lower than analysts had expected. The company also slashed its full-year outlook and announced plans to cut 2,000 jobs worldwide. 3M shares posted their worst day since Oct. 19, 1987, also known as Black Monday.
· CEO Mike Roman said the quarter was “disappointing...
· European stocks opened mixed Friday morning, as market participants prepared for another flurry of corporate earnings.
The pan-European Stoxx 600 was flat shortly after the opening bell, with sectors and major bourses pointing in opposite directions.
Market focus is largely attuned to corporate results, with investors set to closely monitor more earnings reports.
Deutsche Bank reported stronger-than-expected first-quarter net profit on Friday, less than 24 hours after abandoning merger talks...
· Stocks slipped from record levels on Wednesday as Wall Street digested a mixed batch of corporate earnings.
The Nasdaq Composite ended the day down 0.2% at 8,102.01 after hitting an intraday record. The S&P 500 also dipped 0.2% to 2,927.25 as the energy and communication sectors underperformed. The Dow Jones Industrial Average closed 59.34 points lower at 26,597.05.
· European stocks closed lower on Wednesday, dragged down by underwhelming corporate earnings and fall in crude oil prices...
· Two U.S. stock indexes may have closed at record highs this week, but one investor said the markets could be driven even higher on strong earnings.
“We were running into a market that had gotten so much fear at the end of last year, that earnings estimates came very far down, perhaps too far down,” Timothy Lesko, partner at Granite Investment Advisors, said on Wednesday.
“Maybe there’s 10, 15% left” in the market’s potential rise, Lesko projected, pointing to a “very, very...
· The S&P 500 and Nasdaq Composite rallied on Tuesday to notch record closing highs as Wall Street cheered stronger-than-expected quarterly profits from some of the largest publicly traded U.S. companies.
The broad index closed 0.9% higher at 2,933.68, topping its previous record close of 2,930.75. The S&P 500 also ended the day just below its intraday record of 2,940.91. The Nasdaq closed up 1.3% at 8,120.82. The Dow Jones Industrial Average, meanwhile, gained 145.34 points to close at 26...
· European shares pulled back from eight-month highs on Wednesday as worries over China putting policy-easing measures on hold offset upbeat earnings in the region from Credit Suisse and SAP.
The pan-regional STOXX 600 index was down 0.1 percent by 0732 GMT. The benchmark index has notched gains in the past eight consecutive sessions, with a trend of rebounding from a weaker open.
· Equity markets in Asia faltered on Wednesday amid losses in South Korea and uncertainty over China’s...
· Stocks posted a muted performance on Monday as the busiest week of the corporate earnings season kicked off.
The Dow Jones Industrial Average fell 48.49 points to 26,511.05, the a gain in energy shares lifted the S&P 500 by 0.1% to 2,907.97. The Nasdaq Composite outperformed, climbing 0.2% to 8,015.27.
Boeing contributed the most to the Dow’s losses, falling 1.3% after The New York Times reported that workers at the company’s 787 jet plant have complained about shoddy production and...
· S&P TECHNICAL ANALYSIS500
Taking a closer look at S&P futures to show afterhours trade shows concerning technical developments. Negative RSI divergence is accompanying a Rising Wedge bearish reversal pattern. The former indicates fading upside momentum. As such, these may precede a turn lower with near-term support at 500 2900.
· European stocks closed higher on Tuesday, as investors monitored a fresh batch of corporate earnings and supportive economic data.
The pan-European STOXX 600 index...
· Asian stocks were steady on Monday as investors awaited the return of major financial markets from the Good Friday holiday, while oil prices spiked on a report the U.S. is likely to ask all importers of Iranian oil to end their purchases or face sanctions.
· Stocks in Asia were mixed in Monday morning trade, while markets in Australia and Hong Kong were closed for the Easter Monday holiday.
The Nikkei 225 in Japan slipped 0.2 percent in early trade, as shares of index heavyweights Softbank...
· Asian shares slipped on Monday, weighed down by underperforming Chinese stocks, while oil prices rallied on news the United States is likely to ask all importers of Iranian oil to end their purchases or face sanctions.
Brent and U.S. crude futures surged to nearly six-month highs on news reports that U.S. Secretary of State Mike Pompeo will announce “that as of May 2, the State Department will no longer grant sanctions waivers to any country that is currently importing Iranian crude...
· Stocks closed higher on Thursday as Wall Street digested more corporate earnings reports, solid retail data and two highly anticipated initial public offerings.
The Dow Jones Industrial Average rose 110 points to 26,559.54 as shares of Travelers advanced. The S&P 500 gained 0.2% to end the day at 2,905.03, led by industrials. The Nasdaq Composite closed just above the flatline at 7,998.06. U.S. markets will be closed on Friday due to Good Friday.
· European stocks closed higher on the final...
· Markets in Japan, South Korea and China traded higher on Friday while other Asia Pacific markets, including Australia, Hong Kong, Singapore and Indonesia, were closed for a public holiday.
The Nikkei 225 in Japan rose 0.5% to 22,200.56 as a number of tech stocks posted gains, with Nintendo shares jumping 14.12%.
On Thursday, Chinese tech giant Tencent won an important approval to start selling the Nintendo Switch game console in China, one of the largest video games market in the world,...