The Dow Jones Industrial Average rebounds from this morning’s 205-point drop

increase demand green
From Mark DeCambre : The Dow Jones Industrial Average on Friday pivoted from a solid loss to a firm gain, erasing a more than 200-point opening drop in late-morning dealings. The Dow DJIA, -0.07% was up 64 points, or 0.3%, at 25,929, after hitting an intraday low of 25,657.78, representing a roughly 205-point decline for the blue-chip gauge. The move coincided with a broad pivot for the other two main U.S. benchmarks, with the S&P 500 index SPX, -0.22% rising 0.3% at 2,883, and the Nasdaq Composite Index COMP, -0.53% advancing 0.2% at 7,914, with both indexes wiping out earlier declines. All week, investors have been wrestling with developments on trade between the U.S. and its international counterparts, with tensions between the U.S. and China particularly elevated.
NYSE:DIA May 17, 2019 3:21pm

The Nasdaq Composite falls under 8,000

From Mark DeCambre: The Nasdaq Composite Index midday Thursday fell to its lowest level since mid April, giving up a perch above a psychologically significant level at 8,000 after the technology-heavy index rang up a series of records earlier in the week. Most recently, the Nasdaq COMP, -0.32% was trading off more than 50 points, or 0.6%, at 7,999, putting it on pace to close below 8,000 for the first time since April 18, according to FactSet data. The broader stock market also was under pressure, with the Dow Jones Industrial Average DJIA, -0.59% and the S&P 500 indexSPX, -0.31% falling solidly in the wake of a Federal Reserve Wednesday policy update that some one Wall Street are interpreting as less easy-money as investors had hoped.
NASDAQ:QQQ May 2, 2019 1:46pm

The Nasdaq breaks above closing record highs

stock ticker board
From Mark DeCambre: The S&P 500 index and the Nasdaq Composite on Tuesday hit record territory, last hit in in the fall and late summer, as a rebound in the health-care and gains in the consumer-discretionary sectors brought the benchmarks to the brink of all-time highs. At last check, the S&P 500 index SPX, +0.86% was up 0.9%, or 27 points, at 2,935, above its closing high at 2,930.75 put in on Sept. 20. The health-care sector, as reflected in the Health Care Select Sector SPDR ETF XLV, +1.81%was up 1% late-morning Tuesday. Consumer-discretionary shares, as gauged by the Consumer Discretionary Select Sector SPDR ETF XLY, +1.29% climbed 0.8%. The Nasdaq Composite Index COMP, +1.24% was up 1.3% at 8,118, above its Aug. 29 all-time closing high at 8,109.69, according to FactSet data. Meanwhile, the Dow Jones Industrial Average DJIA, +0.56% was up 0.7% at 26,690, just off its Oct. 3 record at 26,828.39. The three main benchmarks have mounted a steady ascent since putting in their lows on Dec. 24.
NASDAQ:QQQ April 23, 2019 2:22pm

The S&P 500 breaks above its closing record of 2930.75

From Mark DeCambre: The S&P 500 index and the Nasdaq Composite on Tuesday hit record territory, last hit in in the fall and late summer, as a rebound in the health-care and gains in the consumer-discretionary sectors brought the benchmarks to the brink of all-time highs. At last check, the S&P 500 index SPX, +0.88% was up 0.9%, or 27 points, at 2,935, above its closing high at 2,930.75 put in on Sept. 20. The health-care sector, as reflected in the Health Care Select Sector SPDR ETF XLV, +1.73%was up 1% late-morning Tuesday. Consumer-discretionary shares, as gauged by the Consumer Discretionary Select Sector SPDR ETF XLY, +1.32% climbed 0.8%. The Nasdaq Composite Index COMP, +1.24% was up 1.3% at 8,118, above its Aug. 29 all-time closing high at 8,109.69, according to FactSet data. Meanwhile, the Dow Jones Industrial Average DJIA, +0.61% was up 0.7% at 26,690, just off its Oct. 3 record at 26,828.39. The three main benchmarks have mounted a steady ascent since putting in their lows on Dec. 24.
NYSE:SPY

Dow Jones Industrial Average is less than 1% away of its all-time closing high

From Mark DeCambre: The Dow Jones Industrial Average on Thursday midday was at the doorstep of a record close. At last check, the blue-chip index was less than 1% from its Oct. 3 peak, up 0.4% at 26,564, compared with its record put in last fall at 26,828.39, according to FactSet data. Thursday's climb was being supported by a rebound in shares of UnitedHealth Group Inc. UNH, +0.32% which has been taking it on the chin, along with the rest of the health-care sector, this week. UnitedHealth's stock was up 1.7% or $3.73, while shares of insurer Travelers Cos. Inc. TRV, +2.25% up 2.9%, or $3.91, also were helping the Dow DJIA, +0.42% creep toward a record, even after a brutal end to 2018 that saw the S&P 500 index SPX, +0.16% and Nasdaq Composite Index COMP, +0.02% all put in there most recent lows. All of the main U.S. equity benchmarks are within striking distance of all-time closing peaks.
INDEXDJX:.DJI April 18, 2019 6:10pm

Gold prices drop, hit a 4-month low

From Mark DeCambre: Gold futures declined on Tuesday, with the precious metal poised for its lowest finish in nearly four months as equity benchmarks in the U.S. flirt with records and government bond yields advance, reflecting growing appetite for assets perceived as risky over so-called havens.
NYSE:GLD April 16, 2019 12:08pm

The Dow Jones Industrial Average is just 2% away from all-time highs

dow jones
From Mark Decambre: Is it time for Wall Street to break out the Dow 27,000 hats that were summarily shelved back in October as a stock-market rally ran out of steam?
INDEXDJX:.DJI April 5, 2019 1:17pm

Strategist says that Palladium’s 13% price retreat is ‘the bubble that burst’

palladium bars
From Mark Decambre: Palladium has lost some of its luster of late.
NYSE:PALL

Bank stocks drop after 10-year yield hits 15-month low following Fed update

money loss arrows
From Mark Decambre: Popular gauges of financial institutions on Wall Street traded solidly lower after the Federal Reserve Wednesday downgraded its forecast for U.S. economic growth and indicated that policy makers wouldn't hike rates in 2019. That reaffirmation of its earlier dovishness provides a poor environment for bank's, whose business models perform better in a rising interest-rate environment. The 10-year Treasury note fell to 2.53%, hitting its lowest level since early January of 2018, after the Fed policy update. Meanwhile, the Financial Select Sector SPDR ETF XLF, -2.06% fell 0.6%, while the S&P 500's financial sector was off by 1.2% and the Invesco KBW Bank ETF KBWB, -3.03% was 1.8% lower in late-Wednesday action. Although the Federal Open Market Committee held interest rates at a range of 2.25% to 2.50% as expected, it downgraded its economic outlook, dropping its gross domestic product forecast to 2.1% for 2019, from 2.3% before, and said that the winding down of its balance sheet would end in September. Meanwhile, the Dow Jones Industrial Average DJIA, -0.55% the Nasdaq Composite Index COMP, +0.07% and the S&P 500 index SPX, -0.29% all headed modestly higher after the Fed decision.
NYSE:KBE March 20, 2019 6:25pm

Dow Jones Industrial Average rises as Boeing attempts to remain positive

dow jones
From Mark Decambre: U.S. stock indexes rose on Wednesday, with the Dow gaining solid traction in early morning action as shares of component Boeing Co. BA, +0.54% attempted to snap a 2-session skid that has wiped off about $27 billion from its market cap. The Dow Jones Industrial Average DJIA, +0.66% rose about 117 points, or 0.5%, at 25,675, the S&P 500 index SPX, +0.82% advanced 0.4% to 2,802, while the Nasdaq Composite Index COMP, +0.86% advanced 0.4% to 7,621. Moves for stocks come as investors watch the United Kingdom after British lawmakers on Tuesday rejected Prime Minister Theresa May's revised Brexit deal in a 242-391 vote. The U.K. later Wednesday faces a second vote to on whether an exit without a pact with Europe's trade bloc can be taken off the table before a March 29 deadline. In economic reports, durable-goods orders rose in January by 0.4%, the government reported, above the 0.1% decrease expected by economists polled by MarketWatch. A Commerce Department report also showed core capital orders, a key measure of business investment, rising 0.8% in January after falling sharply the two months previous. The cost of wholesale goods rose 0.1% in February, below the 0.2% increase expected by economists, per a MarketWatch poll. The 12-month increase in producer prices fell from 2.5% to 2.3%, well below last summer's peak of 3% growth. In corporate news, shares of Rite Aid Corp.RAD, +3.12% were in focus after the drugstore chain's CEO John Standley said he would step down.
INDEXDJX:.DJI March 13, 2019 11:21am

Trump says Dow Jones Industrial Average would be down 10,000 points if this happened

donald trump speaking
From Mark DeCambre: President Donald Trump on Tuesday tweeted that the stock market would effectively have crashed had he lost the 2016 race for the White House, reiterating a number of similar statements he has made that have assigned credit to his administration for buoying financial markets over the past two-plus years.
INDEXDJX:.DJI February 19, 2019 4:45pm

Dow Jones Industrial Average falls more than 200 points after disappointing retail sales report

dow jones
From Mark Decambre: U.S. stocks opened solidly lower Thursday morning after lackluster economic reports overshadowed optimism over progress in U.S.-China trade negotiations. The Dow Jones Industrial Average DJIA, -0.42% fell about 205 points to 25339, a decline of 0.8%, the S&P 500 index SPX, -0.28% fell 0.7% to reach 2,734, while the Nasdaq Composite Index COMP, +0.04% declined by 0.5% to 7,384. The retail sales report is likely to weigh on the government's official scorecard for the economy known as gross domestic product, with fears of a recession looming. Retail sales sank 1.2% in December, the U.S. Census Bureau said Thursday. It's the largest drop since September 2009, a few months after the end of the Great Recession. A note from analysts at Jefferies, immediately after the retail sales report, referred to it as "dreadful" and questioned the reliability of the data. The market had been set for gains on optimism over progress between China and the U.S. as reports indicated that Chinese President Xi Jinping would meet with Treasury Secretary Steven Mnuchin and top trade negotiator Robert Lighthizer on Friday, as the countries attempt to resolve longstanding trade differences that have roiled markets. In corporate news, shares of Dow-component Coca-Cola Co.KO, -7.33% fell after reporting revenues that were weaker than expected, while another blue-chip member, Cisco Systems Inc. CSCO, +2.72% saw its shares rise after topping analysts' average estimates.
INDEXDJX:.DJI February 14, 2019 12:22pm

The Nasdaq is on the verge of ending its longest bear market since 1991

nasdaq logo
From Mark Decambre: The Nasdaq Composite Index, often used as a proxy for the health of technology and internet-related stocks, on Wednesday was on the verge of ending its longest bear market, by one measure, since 1991.
NASDAQ:QQQ February 13, 2019 1:15pm

Dow Jones Industrial Average falls 350 pts after Trump advisor says ‘sizable distance’ remains in China-U.S. trade talks

china flag
From Mark Decambre: U.S. stock benchmarks traded at session lows late-morning Thursday after White House Adviser Larry Kudlow said a "sizable distance" remains between the U.S. and China in protracted trade negotiations. President Donald Trump's national economic council director on Thursday made his comments during an interview with Fox Business Network. Kudlow said previous talks covered "a tremendous amount of ground" but said enforcement will be very important, as well as technological and structural issues. The Dow Jones Industrial AverageDJIA, -1.41% was trading down 329 points, or 1.3%, at 25,075, the S&P 500 indexSPX, -1.51% declined by 1.4% at 2,693, while the Nasdaq Composite IndexCOMP, -1.74% retreated by 1.6% at 7,258. Longstanding trade disagreements between Beijing and Washington have been among the most crucial headwinds for the stock market in the past several months. Separately, CNBC, citing sources, reported that Trump and Chinese President Xi Jinping were unlikely to meet before a March 1 deadline for tariffs to increase on Chinese goods.
INDEXDJX:.DJI February 7, 2019 12:12pm

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