U.S. stocks finish Thursday trade with modest gains after tentative Brexit pact
12:00 p.m. Today12:00 p.m. Oct. 17, 2019
11:39 a.m. Today11:39 a.m. Oct. 17, 2019
- By Sunny Oh
Treasury yields come off highs as investors raise questions over tentative Brexit deal Doubts linger around likelihood of Brexit deal ratificationU.S. Treasury yields fell from their intra-session highs Thursday as Brexit deal comes under question
11:37 a.m. Today11:37 a.m. Oct. 17, 2019
- By Chris Matthews
Stocks slightly higher after Brexit deal, good earnings Netflix shares rally after third-quarter resultsU.S. stocks are slightly higher Thursday, getting a boost from news of a Brexit deal and good corporate earnings.
11:15 a.m. Today11:15 a.m. Oct. 17, 2019
- By Ciara Linnane
One year on, Canada’s legal cannabis market is down but not out The rollout of legal weed has been rocky but analysts say the legalization train will keep trundling along Canadian cannabis companies should be celebrating the first anniversary of legalized weed on Thursday, but the party atmosphere has been tainted by a sharp three-month selloff that has seen many companies surrender half their value or more.
10:38 a.m. Today10:38 a.m. Oct. 17, 2019
- By Nigam Arora
This chart shows how much Brexit matters to the U.S. stock market U.S. investors have brushed off geopolitical tension between the U.K. and the European UnionU.S. investors have brushed off geopolitical tension between the U.K. and the European Union.
10:01 a.m. Today10:01 a.m. Oct. 17, 2019
- By Barbara Kollmeyer
What a Brexit deal would mean for U.S. stocks and global investors An ‘amicable divorce’ is a relief, but disruption still lies aheadShould investors outside of Britain get excited?
10:00 a.m. Today10:00 a.m. Oct. 17, 2019
- By Myra P. Saefong
Gold ends at highest price in a week as investors weigh tentative Brexit pact Weak U.S. economic data support haven buyingGold prices rise Thursday, settling at their highest in a week, after European Union and U.K. reached a preliminary Brexit deal. Worries that a deal may not pass a weekend vote in the British parliament and signs of a weakness in the U.S. economy provide support for the haven metal.
9:58 a.m. Today9:58 a.m. Oct. 17, 2019
- By Nicole Lyn Pesce
This 29-year-old woman lost her job and is looking for healthy ‘poor people meals’ Here’s what Reddit users and nutrition experts say she should eat on a budgetHere’s what Reddit users and nutrition experts say she should eat on a budget
9:52 a.m. Today9:52 a.m. Oct. 17, 2019
The Brief, Oct. 17
Markets are rising following news that the U.K. and EU have agreed on a draft Brexit deal. U.S. economic news was mixed.
9:38 a.m. Today9:38 a.m. Oct. 17, 2019
- By Philip van Doorn
Bank of America may be as profitable as J.P. Morgan in two years, analyst says James Shanahan of Edward Jones argues that Bank of America’s shares are undervaluedJames Shanahan of Edward Jones argues that Bank of America’s shares are undervalued.
9:18 a.m. Today9:18 a.m. Oct. 17, 2019
Juul Suspends Flavors for Vaping as Altria Stock Gains
Juul has suspended the sale of non-tobacco and non-menthol flavors in the U.S., according to a company press release. Altria, a big investor in Juul, has seen its stock gain more than 1% on Thursday.
9:16 a.m. Today9:16 a.m. Oct. 17, 2019
Philip Morris Stock Goes Flat After Muted Earnings Guidance
The tobacco giant’s chief financial officer tells Barron’s that the company is taking market share and seeing success with its reduced-risk products.
8:58 a.m. Today8:58 a.m. Oct. 17, 2019
Stocks Lost Their Gains Because There’s More News Than the Brexit Deal
The three major U.S. stock market indexes were close to flat following a slide in IBM and mixed news about the economy.
8:16 a.m. Today8:16 a.m. Oct. 17, 2019
- By Andrea Riquier
United Kingdom ETF rises after tentative Brexit deal announcedA popular U.K.-specific exchange-traded fund rose Thursday after Britain and the European Union struck a tentative deal to exit from out of the trade bloc. The iShares MSCI United Kingdom ETF rose 0.4%. The iShares ETF maintains a high concentration of large and midcap companies and a particularly heavy concentration to financial shares (19.9%) and the energy sector (17.95%), according to FactSet data. For the week, the ETF is on pace for a gain of 0.9% after a 3.4% rise last week. The rally for the U.K. ETF comes as the embattled pound has been surging against the dollar on hopes of a Brexit divorce agreement. The buck last changed hands against the pound at $1.2849, with the U.S. dollar down 1.2% against the U.K. unit. A stronger pound tends to cap gains in U.K. stocks because it can weigh on revenue for the export-heavy economy. Despite reaching the draft Brexit agreement, the U.K. parliament must ratify the pact on Saturday.
8:04 a.m. Today8:04 a.m. Oct. 17, 2019
Netflix Stock Rally Ebbs as Worries Remain on Impact of New Rivals
The company took note of increasing competition and the rising costs of content, but repeated its view that the real competition is traditional linear video, not other streaming services.
7:44 a.m. Today7:44 a.m. Oct. 17, 2019
- By Michael Ashbaugh
Bullish bias persists, S&P 500 nails the breakout point Focus: Currency cross currents surface amid global-market rally attempt, FXY, UUP, FXE, HD, FAST, KNXU.S. stocks are higher early Thursday, rising amid reports that a tentative Brexit agreement has been reached. Against this backdrop, the major U.S. benchmarks are acting well technically, extending the mid-month break to a higher plateau.
7:23 a.m. Today7:23 a.m. Oct. 17, 2019
- By Mark Hulbert
This little-known recession indicator is now sending investors and consumers a warning Two gauges of U.S. economic health are telling different stories — and that’s troublingTwo gauges of U.S. economic health are telling different stories — and that’s troubling, writes Mark Hulbert.
6:47 a.m. Today6:47 a.m. Oct. 17, 2019
October Is Halfway Over. Is the Stock Market Out of the Woods?
October has a reputation for being a terrifying month for the stock market. But in just two weeks, the Dow Jones Industrial Average may get the all-clear signal investors have been waiting for.
6:34 a.m. Today6:34 a.m. Oct. 17, 2019
- By Myra P. Saefong
EIA reports a rise in U.S. natural-gas supplies of 104 billion cubic feetThe U.S. that domestic supplies of natural gas rose by 104 billion cubic feet for the week ended Oct. 11. That was a bit lower than the average build of 108 billion cubic feet expected by analysts polled by S&P Global Platts. Total stocks now stand at 3.519 trillion cubic feet, up 494 billion cubic feet from a year ago and 14 billion cubic feet above the five-year average, the government said. November natural gas traded at $2.34 per million British thermal units, up 3.7 cents, or 1.6%, from Wednesday's settlement. It was trading at $2.336 .
6:32 a.m. Today6:32 a.m. Oct. 17, 2019
Worried About a Recession? Two Out of Three Indicators Say We’re Safe—for Now.
Nicholas Colas of DataTrek Research is keeping an eye on three key indicators. One isn’t far off its levels in September 2007.
6:30 a.m. Today6:30 a.m. Oct. 17, 2019
- By Greg Robb
Philly Fed manufacturing index stumbles in October Activity index falls to 5.6 below expectationsThe Philadelphia Fed manufacturing index in October fell to 5.6 after registering 12 in September.
6:28 a.m. Today6:28 a.m. Oct. 17, 2019
- By Barbara Kollmeyer
These charts tell us the bull market has a couple of years left to run Critical information for the U.S. trading dayOur chart and call of the day from Ciovacco Capital Management’s Chris Ciovacco looks at a batch of historical charts that are pointing to more gains for stocks. That is, if those animal spirits can return.
6:27 a.m. Today6:27 a.m. Oct. 17, 2019
Teva Jumps on Reports of an Opioid Settlement, But Questions Remain
Shares of Teva Pharmaceutical Industries were up nearly 3% in premarket trading on Thursday amid news that the company has a deal to settle many of the opioid cases against it.
6:22 a.m. Today6:22 a.m. Oct. 17, 2019
- Associated Press
Brexit deal has been reached, E.U. and U.K. leaders say British parliament must still ratify dealEuropean Union and British negotiators have agreed on an outline Brexit deal which still needs to be backed by EU member states and by the respective parliaments.
6:16 a.m. Today6:16 a.m. Oct. 17, 2019
Philip Morris Stock Slips as Disappointing Guidance Trumps an Earnings Beat
Cigarette maker Philip Morris reported better-than-expected third-quarter earnings Thursday. The stock was up in premarket trading, but fell after management provided disappointing fourth quarter guidance on the company’s earnings conference call.
6:11 a.m. Today6:11 a.m. Oct. 17, 2019
10 Stock Picks Using Bernstein’s Quant-Aided Analysis
Bernstein Research published its latest “Quant + Fundamental” stock picks. Three names are holdovers from the April picks: Philip Morris International, CVS Health and Southwest Airlines.
6:00 a.m. Today6:00 a.m. Oct. 17, 2019
- By Greg Robb
Industrial output falls by most in five months, pushed lower by GM strike Excluding autos, U.S. Sept manufacturing output down 0.2% U.S. industrial output slumped 0.4% in September, as the General Motors strike pushed down manufacturing activity, the Federal Reserve said Thursday.
5:35 a.m. Today5:35 a.m. Oct. 17, 2019
- By MarketWatch
Stocks open slightly higher after tentative Brexit deal, economic dataU.S. stocks opened with modest gains Thursday after U.K. and European Union leaders announced a draft agreement on Brexit and following a round of U.S. economic data and corporate earnings. The Dow Jones Industrial Average rose 64 points, or 0.2%, to 27,065, while the S&P 500 gained 14 points, or 0.5%, to 3,004. The Nasdaq Composite traded at 8,174, up 50 points, or 0.6%. The Brexit agreement must be approved by all EU member states and faces a difficult hurdle in the U.K. parliament this weekend. Stock-index futures jumped following the announcement of the agreement but then saw gains fade. Shares of Netflix Inc. were up 7.8% after delivering third-quarter results late Wednesday.
U.S. stocks open modestly higher as Wall Street watches tentative Brexit deal
5:30 a.m. Today5:30 a.m. Oct. 17, 2019
5:16 a.m. Today5:16 a.m. Oct. 17, 2019
Bye, Bonds: Rethinking Your 60/40 Allocation
The 60/40 mix, an asset allocation once commonly recommended for retirement savers, “may have thrived in the 2000s and 2010s but won’t survive the 2020s,” Bank of America Merrill Lynch’ Jared Woodard and Michael Hartnett assert.
4:33 a.m. Today4:33 a.m. Oct. 17, 2019
Honeywell’s Earnings Crushed Forecasts. 3 Other Stocks That Could Benefit.
The conglomerate reported higher third-quarter earnings than Wall Street expected and raised its forecast for full-year profits. It was the third so-called beat-and-raise quarter this year.
4:04 a.m. Today4:04 a.m. Oct. 17, 2019
- By Greg Robb
Institutional investors are taking more risks world-wide and that’s dangerous for everyone: IMF Institutional investors have promised clients returns that are higher than what you can get in financial markets today Institutional investors are taking more risks because of low interest rates and that’s dangerous for the global economy, the International Monetary Fund said in a new report
3:30 a.m. Today3:30 a.m. Oct. 17, 2019
How the Bears Flubbed Their Short Bets Against Airlines
Bearish bets made against U.S. airlines after the worldwide grounding of the Boeing 737 MAX jet haven’t worked out as expected.
3:27 a.m. Today3:27 a.m. Oct. 17, 2019
- By Greg Robb
U.S. stock market is overvalued, IMF says Belief in Fed rescue is allowing investors to ignore tensions over international trade policy - IMFThe equity market in the United States is overvalued, according to an International Monetary Fund report released Wednesday.
3:16 a.m. Today3:16 a.m. Oct. 17, 2019
Unilever Ticks Up Despite Sales Miss On India and China Slowdown
Unilever ’s stock ticked up on Thursday despite the consumer goods giant missing sales estimates.
3:02 a.m. Today3:02 a.m. Oct. 17, 2019
Brexit Pact Sends European Stocks Higher
European stocks turned higher Thursday as key political leaders say they’ve reached a deal for the U.K. to exit the European Union.
2:15 a.m. Today2:15 a.m. Oct. 17, 2019
Why a Top-Ranked Pimco Fund Is Betting on Bank of America and Barclays
The Pimco Preferred and Capital Securities fund is benefiting from banks' strong balance sheets as a result of heightened regulation
2:14 a.m. Today2:14 a.m. Oct. 17, 2019
- By Steve Goldstein
European stocks turn higher as leaders declare Brexit dealEuropean stocks turned higher Thursday as key political leaders say they’ve reached a deal for U.K. to exit the European Union.
1:15 a.m. Today1:15 a.m. Oct. 17, 2019
Facebook and Google Have Happy Workers. It Might Be Helping Their Stocks.
Do happy workers make for better stock returns? There’s evidence for it.
7:11 p.m. Oct. 16, 2019
- By Marketwatch
Asian markets mixed as U.S.-China trade deal needs more time Mnuchin hopes for final deal next month; property companies boost Hang SengAsian markets were mixed in early trading Thursday amid a report that there’s still a ways to go before the U.S. and China finalize a “phase one” limited trade deal.