Category Archives for News

Stocks close little changed after disappointing jobs report, but rise for a second straight week

Stocks closed little changed on Friday after the release of disappointing jobs report data, but posted back-to-back weekly gains on optimism around U.S.-China trade relations. The Dow Jones Industrial Average ended the day up 69.31 points, or 0.3% at 26,797.46. The S&P 500 climbed just 0.1% to close at 2,978.71 while the Nasdaq Composite slipped 0.2% […]

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Stock Market Unfazed By Weak Jobs Report; LULU Stock, Costco Lead Nasdaq 100

Jobs Report

Stock market bulls were encouraged by modest gains for the Dow Jones, S&P 500 and Nasdaq composite in afternoon trade Friday. It was shaping up to be a constructive session on the heels of bullish gains for the stock market Thursday in higher volume. Lululemon stock and Costco stock were top gainers in the Nasdaq […]

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Markets Soar on News of China Talks, but Hopes for Progress Are Low

markets

President Trump’s decision to renew talks with China in the coming weeks sent financial markets soaring on Thursday, as investors seized on the development as a sign that both sides could still find a way out of an economically damaging trade war. The rally sent the S&P 500 up more than 1 percent, underscoring just how […]

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US jobs data supports dollar as fragile risk-on mood holds

U.S. economic data

Encouraging U.S. economic data gave the dollar an edge over its peers on Friday, arresting a recent flight from the greenback while also supporting Asian currencies as investors toned down recent gloom over the global economy. Separate surveys suggested the world’s largest economy is in better shape than investors had feared. U.S. service sector activity accelerated […]

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Gold could soar to its highest level since 2013 if the Fed keeps cutting rates, economist says

market

Gold​ could soar above $1,600 per ounce — its highest level since 2013 — next year if the Federal Reserve continues to lower interest rates, according to BNP Paribas.It would be the third key psychological level the metal has breached in a year: it edged over $1,400 in July and $1,500 in August. “Gold nudged up […]

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Slack plunges after posting first earnings report since going public

earnings report

Shares of Slack, maker of the popular workplace chat app, plunged as much as 16% on Wednesday after the company issued its first earnings report as a public company, briefly dropping below the reference price from its direct listing. Here are the key numbers:Earnings: Loss of 14 cents per share, excluding certain items, vs. 18 cents per […]

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Stock markets drop on news that U.S. manufacturing is shrinking

manufacturing

U.S. factory activity shrank in August for the first time in nearly three years — a sign the trade war with China is weighing down a crucial sector of the economy.  The news sent stocks dropping. The Dow lost 285 points, closing down 1%, at 26,118. The S&P 500 stock index lost 0.7%, falling to 2,906, […]

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Opinion: 5 reasons why you shouldn’t dump stocks just because September is here

portfolio

U.S. market’s historically worst month may not live up to its reputationHere’s my strategy for exploiting September’s record as the worst month of the calendar for the stock market: Make no changes to your portfolio. I offer that advice because I know of no plausible explanation for why September should be bad for the stock market. […]

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JPMorgan Says It’s Finally Time to Buy Stocks Despite Trade Woes

risk assets

(Bloomberg) — Now is finally the time to buy risk assets, with global stocks set to advance into the year-end, strategists at JPMorgan Chase & Co. said. Positive technical indicators and monetary easing will likely outweigh the uncertainty of the U.S.-China trade war and the “wild card” of developments in tariff negotiations, according to JPMorgan. After August’s […]

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U.S. stock futures weaken as tariffs go into effect

tariffs

U.S. stock futures weakened on a holiday Monday as tariffs on Chinese goods went into effect.With stock exchanges closed for Labor Day, futures on the S&P 500 fell 0.7% to 2903.75, while futures on the Dow Jones Industrial Average dropped 199 points, or 0.8%, to 26207. Tariffs of 15% on $112 billion of Chinese goods went […]

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