It’s been 365 days since the Dow Jones industrial average first crossed 20,000, and it’s already up another 30-plus percent as the stock market’s relentless rise to records keeps going. Few market watchers see a sharp reversal for stocks anytime soon, at least this year. But press them on what...
China's stock market is on a remarkable winning streak, and one analyst sees its rapid run stretching even further. "The growth will continue and the growth will continue at a rapid pace," Michael Bapis, managing director of The Bapis Group at HighTower Advisors, told CNBC's "Trading Nation" on Wednesday. "The...
The U.S. dollar index fell to a three-year low Wednesday and looks set for more declines after Treasury Secretary Steven Mnuchin said a weak dollar was good for U.S. trade. The dollar index is now down 10 percent in the past year and broke below the key 90 level after...
U.S. stocks bounced up and down and finished mostly lower Wednesday as technology companies slumped. Commerce Secretary Wilbur Ross discussed a more nationalist trade stance, with uncertain effects for the market. The dollar, already at three-year lows, got even weaker. Stocks got off to a strong start, but technology companies...
Barely 16 trading days into the new year, the stock market already has exceeded many expectations for its 2018 performance. With its rise in early trading Wednesday, the S&P 500 has topped no fewer than seven full-year forecasts. That's come as the index has registered a gain of more than...
Airline stocks sank in Wednesday trading on United Continental's growth plan. Despite the declines, some strategists are still calling the group a buy ahead of a slew of other major airline earnings Thursday. Airline stocks like Southwest, JetBlue and American Airlines were broadly weaker Wednesday, dragged down after United discussed...
U.S. stocks are sending an important message this January: This rally could have a whole lot higher to run. According to a survey from the University of Michigan, 66% of American households believe that stock prices are likely to rise further in the next year. That's a record. And they're probably right. Structurally,...
Check out which companies are making headlines before the bell: Johnson & Johnson – Johnson & Johnson reported adjusted quarterly profit of $1.74 per share, 2 cents a share above estimates. Revenue also beat forecasts, with J&J benefiting from strong demand in its pharmaceutical business. Procter & Gamble – The consumer...
Oil prices fell on Wednesday, weighed down by data that showed an increase in U.S. crude oil and gasoline inventories. Spot Brent crude oil futures, the international benchmark for oil prices, were at $69.78 a barrel at 0223 GMT, down 15 cents from their last close. U.S. West Texas Intermediate (WTI)...
Stock indexes rose again today—except for the Dow, which finished down less than four points because Netflix is not part of the benchmark. The S&P 500 rose 0.2%, to 2839.13, while the Dow Jones Industrial Average dipped 3.79 points, to 26,210.81. The Nasdaq Composite gained 0.7%, to 7460.29, thanks to...
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