Tag Archives for: Mark DeCambre

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

Dow Jones Industrial Average trades modestly higher

dow jones sign
From Mark Decambre: U.S. stocks traded modestly higher midday Tuesday, as investors digested lackluster results from major U.S. banks, including Dow component JPMorgan Chase, and news of new stimulus measures out of China.
INDEXDJX:.DJI January 15, 2019 12:52pm

Energy department shows natural-gas inventories fall for the week ended Dec. 21

natural gas pipe
From Mark Decambre: The U.S. Energy Information Administration reported Friday that domestic supplies of natural gas fell by 48 billion cubic feet for the week ended Dec. 21. Total stocks now stand at 2.725 trillion cubic feet, down 623 billion cubic feet from a year ago, and 647 billion below the five-year average, the government said. February natural gas NGG19, -7.19% was trading at $3.369 per million British thermal units, down 18 cents, or 4.9%.
NYSE:UNG December 28, 2018 2:26pm

Nasdaq hits bear market on intraday basis on Thursday

nasdaq logo
From Mark Decambre: The Nasdaq Composite Index COMP, -1.63% on Thursday fell 2% at 6,501, touching a bear-market level, usually defined as a drop of at least 20% from a recent peak. On an intraday basis, the Nasdaq briefly fell into a bear market, slipping to a low Thursday of 6,484.04 from its Aug. 30 intraday high of 8,133.30. Markets were already on edge after investors were disappointed that the Federal Reserve didn't sufficiently communicate a dovish stance after it raised benchmark rates by a quarter of a percentage point on Wednesday to a range of 2.25% to 2.50%, and lowered its guidance for coming rate increases. Worries about a partial government shutdown also added to the downbeat sentiment. The Russell 2000 index of small-cap stocks is in bear market RUT, -1.65% while Dow Jones Industrial Average DJIA, -1.99% and the S&P 500 index DJIA, -1.99% are already in correction, defined as a drop of at least 10% from a recent peak. All four benchmarks were trading near Thursday's lows.
NASDAQ:QQQ December 20, 2018 4:15pm

VIX, Wall Street’s ‘fear index,’ jumps to 9-month highs

cboe logo
From Mark Decambre: A popular gauge of volatility on Wall Street, known as the fear index, on Thursday jumped to its highest level since February as stocks tanked on the back of mounting global-growth fears. The CBOE Volatility Index VIX, +18.76% which uses S&P 500 bullish and bearish options to calculate expectations for volatility over the coming 30 days, was at 25.73, up 24%, in recent trade, which would mark its highest level (on a closing basis) since Feb. 9, according to FactSet data. The volatility index, referring to its popular ticker symbol, tends to maintain an inverse correlation to equity prices, and the jump comes as stocks are in free-fall. The Dow Jones Industrial Average DJIA, -1.89% was down 655 points, or 2.5%, at 24,407, coming after the blue-chip benchmark shed 800 points on Tuesday. Markets were closed on Wednesday to mark a national day of mourning for 41st U.S. President George Herbert Walker Bush, who died at 94. Meanwhile, on Thursday, the S&P 500 index SPX, -1.72% was down 2.3% at 2,639, while the Nasdaq Composite Index COMP, -0.96% traded 1.7% lower at 7,037.
NYSE:VXX December 6, 2018 1:36pm

Nasdaq tumbles more than 2%

From Mark DeCambre: The Nasdaq Composite Index early Monday was the worst performer among the three main U.S. benchmarks
NASDAQ:QQQ November 12, 2018 1:33pm

Oil poised to do THIS for the first time in more than 30 years

Bear Market
From Mark DeCambre: A jolt lower for oil since peaking in October has set crude futures on track toward an ugly record. That is even after U.S. benchmark oil on Thursday fell into correction territory, defined as a drop of at least 20% from a recent peak.
NYSE:USO November 9, 2018 1:32pm

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