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Dow jumps 300 points as market stages a strong comeback from biggest sell-off in 3 months
U.S. stocks jumped on Thursday, roaring back from a sharp sell-off on Wall Street that saw the S&P 500 and the Dow Jones Industrial Average suffer their worst drop in three months.
The S&P 500 rose 0.98%, while the blue-chip Dow gained 300.19 points, or 0.99%, boosted by Disney, Intel and American Express. The tech-heavy Nasdaq Composite climbed 0.5%.
All 11 S&P 500 sectors closed in...
· Stocks closed higher on Friday, boosted by bank shares, as investors looked ahead to a key meeting between President Donald Trump and Chinese President Xi Jinping. Wall Street also wrapped up its best first half to a year in two decades.
The Dow Jones Industrial Average rose 73.38 points to 26,599.96 as J.P. Morgan Chase shares outperformed. The 30-stock index rallied more than 7% this month, notching its biggest June gain since 1938.
The S&P 500 advanced 0.6% to 2,941.74, led by the financials...
· U.S. stock futures surged on Sunday night after the U.S. and China agreed to hold off on slapping additional tariffs on their products in an effort to resume trade talks.
As of 10:06 p.m. ET Sunday, Dow Jones Industrial Average futures traded 199 points higher, implying a gain of 194.04 points at Monday’s open. S&P 500 and Nasdaq 100 futures also pointed to gains.
· European markets surged at Monday’s open after U.S. President Donald Trump and Chinese President Xi Jinping agreed to...
· The S&P 500 rose on Thursday, powered by bank shares, as investors await trade clues from an upcoming meeting between President Donald Trump and Chinese President Xi Jinping.
The broad index climbed 0.4% to 2,924.92, snapping a four-day losing streak, as the financials sector gained nearly 1%. The Nasdaq Composite advanced 0.7% to 7,967.76. The Dow Jones Industrial Average lagged, slipping 10.24 points to 26,526.58 as Boeing shares weighed down the 30-stock index.
· European stocks closed...
· European markets opened fractionally higher Friday as investors track developments at the G-20 summit in Osaka, Japan, where President Donald Trump and Chinese President Xi Jinping are expected to meet amid the ongoing trade war.
The pan-European Stoxx 600 edged 0.1% higher at the start of the morning session, with technology and travel & leisure the best performing sectors on a 0.8% rise, while utility stocks fell 0.7%.
· Asian shares stumbled on Friday and gold jumped amid rising doubts...
· The S&P 500 posted a four-day losing streak on Wednesday — its longest slide since early May — as investors braced for a key meeting between President Donald Trump and Chinese President Xi Jinping later this week.
The broad index closed 0.1% lower at 2,913.78, giving up gains from earlier the day. The Dow Jones Industrial Average fell 11.40 points to 26,536.82 after rising more than 100 points to start off the session.
The Nasdaq Composite outperformed, rising 0.3% to 7,909.97 as Micron...
Something unusual is happening in financial markets, and it could mean more gains lie ahead for stocks, if history is any indication.
The S&P 500 and long-term bonds are both up more than 5% to start off 2019, marking just the 10th time since 1980 that stocks and bonds kicked off a year on such a strong note, according to data from Bespoke Investment Group. The data also shows the S&P 500 averages a gain of 11.3% when stocks and bonds get off to such a hot start.
Sharp gains in both equities...
· Something unusual is happening in financial markets, and it could mean more gains lie ahead for stocks, if history is any indication.
The S&P 500 and long-term bonds are both up more than 5% to start off 2019, marking just the 10th time since 1980 that stocks and bonds kicked off a year on such a strong note, according to data from Bespoke Investment Group. The data also shows the S&P 500 averages a gain of 11.3% when stocks and bonds get off to such a hot start.
Sharp gains in both equities...
· Stocks fell on Tuesday, led lower by sharp declines in tech, after comments from top Federal Reserve officials cooled investor optimism around a potential rate cut next month.
The Dow Jones Industrial Average closed 178 points lower, notching its biggest one-day loss since May 31. The S&P 500 lost 0.95%.The Nasdaq Composite dropped 1.5%.
· Fed Chair Jerome Powell said the central bank is assessing whether current economic uncertainties call for lower rates. Powell noted the Fed will take...
· U.S. stock index futures were slightly higher Wednesday morning, after Fed Chairman Powell downplayed chances of a rate cut and argued that any decision will be based on a broad scope of information.
At around 4:10 a.m. ET, Dow futures rose 7 points, indicating a positive open of more than 13 points. Futures on the S&P and Nasdaq were both seen slightly higher.
· European stocks slipped Wednesday morning after U.S. Federal Reserve chairman Jerome Powell tempered expectations of an imminent...
· Stocks held steady on Monday as investors looked ahead to a key meeting between President Donald Trump and Chinese President Xi Jinping at this week’s G-20 summit.
The Dow Jones Industrial Average closed just 8.41 points higher at 26,727.54, while the S&P 500 slid 0.2% to 2,945.35. The Nasdaq Composite closed 0.3% lower at 8,005.70.
· European stocks closed lower Monday as investors continued to monitor geopolitical tensions between the U.S. and Iran, with Washington preparing major...
· European stocks traded lower Tuesday morning after the U.S. imposed sanctions on Iran over the shooting down of an unmanned American drone last week.
The pan-European Stoxx 600 dropped 0.3% during the morning session, bank stocks leading declines with a 0.8% fall in the early minutes of trade, while technology and basic resources were the only sectors to enter positive territory.
· Asian shares were haunted by trade anxiety Tuesday while the risk of more dovish talk from the Federal Reserve...
· The S&P 500 fell slightly on Friday after reaching a fresh record high earlier in the day as Wall Street concluded a strong week of gains.
The broad index ended the day down 0.1% at 2,950.46 after hitting an intraday all-time high of 2,964.15. The S&P 500 posted a record close in the previous session. The Dow Jones Industrial Average closed 34.04 points lower at 26,719.13 while the Nasdaq Composite lost 0.2% to end the day at 8,031.71.
The major stock indexes jumped to their session highs...
· European stocks edged higher Monday as investors continue to monitor geopolitical tensions between the U.S. and Iran stoking fears of a military confrontation in the Middle East.
The pan-European Stoxx 600 was up 0.2% early in the morning session, auto stocks tumbling 1% in the early minutes of trade following a Daimler profit warning, while financial services climbed 0.6%.
· Asian shares edged up on Monday as investors pinned their hopes on any signs of a thaw in Sino-U.S. trade negotiations...
· Stocks rallied on Thursday, led by strong gains in tech and energy shares, as Wall Street cheered the possibility that the Federal Reserve will cut interest rates next month.
The S&P 500 surged 1% to 2,954.18, a record close. The broad index also hit an intraday record of 2,958.06. The Dow Jones Industrial Average closed 249.17 points higher at 26,753.17. The Nasdaq Composite gained 0.8% to end the day at 8,051.34.
Market participants viewed the overall tone from the U.S. central bank as...
· Asian stocks slipped on Friday, as U.S.-Iran tensions and anxieties over Sino-U.S. trade talks left markets in the region struggling to match the euphoria on Wall Street over a possible U.S. interest rate cut next month.
Fears of a military confrontation in the Middle East Gulf were raised after Iran shot down a U.S. military drone. The New York Times reported that U.S. President Donald Trump had approved military strikes on Friday against Iran in retaliation, but pulled back from launching...
· Stocks rose on Wednesday, bolstering their gains for the month, after the Federal Reserve opened the door for looser monetary policy in the near future.
The Dow Jones Industrial Average rose 38.46 points to 26,504, while the S&P 500 gained 0.3% to close at 2,926.46. The Nasdaq Composite advanced 0.4% to 7,987.32.
· The pan-European Stoxx 600 hovered around the flatline at the end of the session, with sectors and major bourses mixed. Basic resources led the losses with a 1.5% decline while...
· European stocks opened sharply higher Thursday as investors await an interest rate decision from the Bank of England.
The pan-European Stoxx 600 jumped 0.7% after the opening bell, basic resources and oil and gas stocks both rising more than 1.5% in early deals as all sectors traded in positive territory.
The week’s focus on central banks continues Thursday, with the Bank of England due to announce its June policy decision at noon BST. Economists polled by Reuters are expecting a unanimous...
· Stocks surged on Tuesday as Wall Street increased bets on a U.S.-China trade deal after President Donald Trump said he will be meeting with his Chinese counterpart, Xi Jinping, at the upcoming G-20 summit. Sentiment was also lifted by hope that the Fed will ease monetary policy later this year.
The Dow Jones Industrial Average jumped 353.01 points to 26,465.54 as 3M and Boeing outperformed. The S&P 500 climbed 1% to2,917.75 while the Nasdaq Composite advanced 1.4% to 7,953.88. The S&P 500...
· European markets edged slightly lower Wednesday ahead of a much-anticipated U.S. Federal Reserve decision on interest rates.
The pan-European Stoxx 600 traded 0.1% down in early deals, with food and beverage stocks falling 0.7% while bank and auto stocks both jumped 0.5%.
· Asian shares hit five-week highs on Wednesday as investors wagered the Federal Reserve would follow the lead of the European Central Bank and open the door to future rate cuts at its policy meeting later in the day.
Indeed...