Bulletin
Investor Alert

Topics

U.S. Stocks

Video

Didi, Alibaba, Tencent: The Risks of Investing in Chinese Tech

  • Didi, Alibaba, Tencent: The Risks of Investing in Chinese Tech Didi, Alibaba, Tencent: The Risks of Investing in Chinese Tech 4:58
    Didi's Rough Ride: Why Beijing Is Looking to Rein In Its Tech Giants Didi's Rough Ride: Why Beijing Is Looking to Rein In Its Tech Giants 4:42
5:47 a.m. Nov. 26, 2021 - By Mark Decambre
Dow's Black Friday plunge puts blue-chip stock gauge at risk of closing below 50-day moving averageU.S. stocks were facing their worst Black Friday trade in recent memory and the decline was putting the Dow Jones Industrial Average at risk of closing below its 50-day moving average for the first time since mid October, as markets wrestle with reports of a new coronavirus variant.The Dow was down 826 points, or 2.3%, to trade at 34,969, which is below its 50-day MA at 35,261.93. Scientists say the coronavirus strain has a high number of mutations that may make it more transmissible and allow it to evade some of the immune responses triggered by previous infection or vaccination. Meanwhile, the S&P 500 index , and the Nasdaq Composite Index were both trading sharply lower but holding above their short-term MAs. Moving averages are used by technical analysts to gauge short-term and long-term momentum in an asset.
11:06 a.m. Oct. 26, 2021 - By Mark Decambre
Dow, S&P 500 book back-to-back record closes but stock market's gains fade in Tuesday's final minutesU.S. stocks eked out a fresh round of record highs Tuesday, as better-than-expected third-quarter results from American corporations appeared to produce sufficient loft for a second record close for the S&P 500 and the Dow Jones Industrial Average. The Dow closed up less than 0.1% higher at around 35,755, with an intraday record high at 35,892.92; the S&P 500 edged up 0.2% to about 4,575, following a jaunt near 4,600. Meanwhile, the Nasdaq Composite index finished up less than 0.1% at 15,235, putting the technology-laden index closer to eclipsing its Sept. 7 record close at 15,374.33. However, the day's gains might have been kept in check by persistent worries about inflation and fears of a global growth slowdown. On top of that the Federal Reserve meets next week, Nov. 2-3, to discuss implementing policies that would be viewed as less accommodative for stock buying.
1:51 a.m. Oct. 11, 2021 - By Tomi Kilgore
Alibaba stock surges toward 5th straight gain as part of broad rally in China-based tech stocksShares of Alibaba Group Holdings Ltd. surged 5.2% in premarket trading Monday, putting them on track for a fifth-straight gain, as part of a broad rally shares of China-based technology companies. Alibaba's stock had , after closing on Oct. 4 at the lowest price since January 2019. The broad rally comes after reports that Chinese regulators fined food delivery giant Meituan the equivalent of more than $500 million, as that was and it for the company and other tech stocks. Meituan's Hong Kong-listed shares ran up 8.4% toward a three-month high. Among U.S.-listed shares of other China-based tech giants, JD.com Inc. climbed 1.8%, iQIYI Inc. rose 3.2%, Baidu Inc. rallied 2.6% and Bilibili Inc. advanced 3.1%. Meanwhile, the iShares MSCI China ETF gained 1.4% in Monday's premarket, while futures for the S&P 500 slipped 0.4%.
4:35 a.m. Sept. 30, 2021 - By Mark Decambre
U.S. stock market gains early Thursday as investors aim to close out downbeat SeptemberU.S. stocks rise Thursday, as Wall Street aims to wrap up the last trading day of September and the quarter, as investors await another appearance by Federal Reserve Chairman Jerome Powell Treasury Secretary Janet Yellen, who will appear before the House Financial Services Committee. The Dow Jones Industrial Average was up 164 points, or 0.5%, at 34,554, the S&P 500 index was climbing 0.5% to 4,381, while the Nasdaq Composite Index was up 0.7% early in the session. For the month, the Dow was headed for a 2.4% decline, the S&P 500 was down 3.2% and the Nasdaq Composite was off 4.3%. For the quarter, the Dow was flat, the S&P 500 was up 1.9% and the Nasdaq Composite was up 0.8%.
10:57 a.m. Sept. 20, 2021 - By Mark Decambre
Evergrande jitters send Wall Street's 'fear gauge' to biggest pop in over 6 months and yields tumble the most in weeksA measure of implied volatility on Wall Street Monday rose by the most since February as the Dow Jones Industrial Average tumbled nearly 1,000 points at its lows on concerns about China's property market highlighted by the potential collapse of China Evergrande Group. The CBOE Volatility Index jumped by about 32% to 28.30, marking its biggest one-day rise since Feb. 25, when it rose 35.4%, FactSet data show. The index, also known as the VIX, for its ticker symbol, has become well known as Wall Street's "fear gauge," since it was created in the early 1990s. The VIX itself, which uses S&P 500 options to measure trader expectations for volatility over the coming 30-day period, tends to rise as stocks fall and is often therefore referred to as a guide to the level of investor fear. The S&P 500 index was trading 2% lower at 4,343, which would mark its steepest drop since May 12, according to FactSet data. The Nasdaq Composite Index was down 2.6% to 14,653, which would also represent its sharpest daily lose on a percentage basis since May 12. The Dow was trading 1.9% lower at 33,921. but had been down by as many as 970 points. The decline for stocks also came as the benchmark 10-year Treasury note yield fell by the most since Aug. 13, down 6.1 basis points to 1.308%, Dow Jones Market Data show. Evergrande, a Chinese property giant nursing more than $300 billion in debt, remains - sending global equities tumbling Monday as investors, who had previously ignored the situation, sat up and took notice.
4:35 a.m. Sept. 14, 2021 - By Mark Decambre
Dow industrials kick off higher Tuesday after cooler-than-expected consumer-inflation readingU.S. stocks rise modestly higher Tuesday after a report on inflation came in more tame than had originally been expecting, suggesting that the Federal Reserve may be less inclined to rapidly move to taper its monthly asset purchases that had provided liquidity to the COVID stricken market. The Dow Jones Industrial Average traded 71 points, or 0.2%, higher at 34,944, the S&P 500 index climbed 0.3% at 4,484, while the Nasdaq Composite Index advanced 0.4% to reach 15,165. The U.S. consumer price index rose 0.3% in August, while the core reading, which excludes volatile food and energy prices, was up just 0.1%. The CPI increased 5.3% in the August year, compared to expectations for a 5.4% increase, and a rise of 5.5% for the year last month. The year-over-year change in core CPI fell back to 4% from 4.3% in July. While the reading remains elevated, signs of peak inflation could make it less urgent for the Fed to begin scaling back its bond purchases, though investors have largely scaled back expectations for the central bank to lay out a timetable to begin tapering at its meeting next week.
11:10 a.m. Aug. 30, 2021 - By Mark Decambre
Tech stocks push S&P 500 record closes in 2021 to 53 and Nasdaq logs 32nd all-time high of the year The S&P 500 and the Nasdaq Composite added to their record-setting pace of gains on Monday, driven by a rally in information technology stocks, but the Dow Jones Industrial Average lagged behind its equity benchmark peers. The S&P 500 closed up 0.4% at around 4,529, establishing an intraday record high at 4,537.36, while the Nasdaq Composite Index ended 0.9% higher at roughly 15,266, following its own intraday record on Monday at 15,288.08. The Dow closed down 56 points, or 0.2%, at about 35, 400, weighed by a decline in financials Goldman Sachs Group Inc. , American Express Co. , as well as Boeing Co. . Shares of technology firms provided a lift for the broader market and the tech-heavy Nasdaq, with gains in tech also aided by a decline in benchmarks bond yields. The 10-year Treasury note yields around 1.284%, compared with 1.311% on Friday at 3 p.m. ET, Dow Jones Market Data show. Lower borrowing costs can give a boost to yield-sensitive areas of the market like tech but can weigh on financials because bank business models are underpinned by higher rates on the longer end of the so-called yield curve.
4:32 a.m. Aug. 26, 2021 - By Mark Decambre
Dow drifts higher at Thursday's open but S&P 500 and Nasdaq retreat from records as Jackson Hole loomsU.S. stocks were trading mixed Thursday morning, with the Dow edging up, and the S&P 500 and the Nasdaq Composite pulling back from all-time highs ahead of an important speech from Federal Reserve Chairman Jerome Powell on Friday. The Dow Jones Industrial Average [: DJIA] rose 45 points, or 0.1%, at 35,441, the S&P 500 index declined less than 0.1% at 4,492, after the broad-market index put in its 51st record of 2021, while the Nasdaq Composite Index slipped less than 0.1% at 15,040, following its 30th record high of 2021 on Wednesday. In economic data, an updated reading of U.S. gross domestic prodict, or GDP, showed that the U.S. economy grew at an annualized rate of 6.6% in the second quarter, an upward revision from the initial reading at 6.5%, but below economists average estimates of 6.7% as surveyed by Dow Jones. Weekly jobless claims, meanwhile, came in at 353,000, hanging around a pandemic low.
11:06 a.m. Aug. 25, 2021 - By Mark Decambre
S&P 500 marks 51st record of 2021 matching the most in a calendar year as stocks clamber higher WednesdayU.S. stocks closed at or near records Wednesday, with the S&P 500 and the Nasdaq Composite booking back-to-back all-time highs, as investors bought financials and energy shares. The S&P 500 index marked its 51st record high this year, matching the greatest number of closing records to this point in a calendar year since 1995, according to Dow Jones Market Data. The S&P 500 rose by about 10 points, or 0.2%, to 4,496, on a preliminary basis, just shy of a round-number level at 4,500. The Nasdaq Composite closed 0.2% higher at around 15,042, marking its 30th record of the year. The Dow Jones Industrial Average , meanwhile, finished up 0.1% at 35,406, closing within shouting distance of its Aug. 16 closing record at 35,625.40.
5:11 a.m. Aug. 24, 2021 - By Mark Decambre
Nasdaq Composite carves out fresh intraday record at Tuesday's open as stock market clambers higher U.S. stocks on Tuesday grinded higher toward all-time highs as investors responded positively to strong corporate earnings and the economic rebound against COVID-19, despite the spread of the delta variant of the disease. The Dow Jones Industrial Average gained 0.1% to 35,382, the S&P 500 index rose 0.1% and climbed near a record high at 4,489.88, and the Nasdaq Composite Index rose 0.3%, after carving out an intraday record at 15,003.20. In corporate news, Best Buy Co. Inc. shares were in focus after the consumer electronics retailer reported second-quarter earnings that beat expectations and raised its same-store sales guidance for the year. At the end of the week, Federal Reserve Chairman Jerome Powell is expected to deliver a speech that might provide some insights on the timing and scope of tapering asset purchases for the central bank.
8:53 a.m. Aug. 23, 2021 - By Mark Decambre
UBS Wealth Management lifts S&P 500 2021 target to 4,600 and forecasts index to hit 5,000 by end of next yearUBS Global Wealth Management said it raised its S&P 500 targets on the back of strong quarterly results for U.S. corporations and a likely easy-money posture from the Federal Reserve. "Solid economic and corporate profit growth, in conjunction with a still-accommodative Fed, means that the environment for stocks remains favorable," wrote David Lefkowitz, head of equities Americas at UBS Global Wealth Management, in a Monday research note. The wealth management unit has raised its targets for the S&P 500 2021 to 4,600 from, 4,500 and has initiated a target of 5,000 for the broad-market index for the end of 2022 after raising its second-half forecast for that year to 4,800 from 4,650. The upgrade comes as the S&P 500 carved out an intraday record on Monday, up more than 1% to 4,489.88. Meanwhile, the Nasdaq Composite Index was surging 1.6% at around 14,944, at last check, after logging its own intraday record at 14,951.88. The Dow Jones Industrial Average was trading 0.7% higher at 35,378.
11:09 a.m. Aug. 20, 2021 - By Mark Decambre
Dow snaps 3-session skid to end above 35,000 as tech rallies, but stocks book weekly losses as delta variant hits confidenceU.S. stocks on Friday booked a strong finish to an otherwise turbulent week that saw all three main equity index log weekly losses. The Dow Jones Industrial Average rose by about 225 points, or 0.7%, ending higher for the first time in four sessions, with a weekly decline of 1.1%. The S&P 500 index closed 0.8% higher to around 4,442, with a weekly slide of 0.6%. The Nasdaq Composite Index enjoyed the best session on Friday, rising 1.2%, helping to cut its weekly slide to 0.7%. The week ended higher belieing lingering concerns about the delta variant's impact on the economy. One Federal Reserve policy maker said he may rethink his call for a tapering of bond purchases to start in October, if the variant slows economy. In an interview with Fox Business Network on Friday, Federal Reserve Bank of Dallas President Robert Kaplan said the variant has caused him to have an open mind about the path of monetary policy. He called it "the big imponderable"
11:10 a.m. Aug. 19, 2021 - By Mark Decambre
Dow logs 3rd straight decline but small-caps take it on the chin Thursday, as S&P 500 and Nasdaq halt skidsU.S. stock benchmarks on Thursday finished a turbulent session mostly flat and the S&P 500 and the Nasdaq Composite eked out small gains to halt a multiday skid. However, the Dow Jones Industrial Averaged booked its third straight drop, representing its longest bout of losses since the five-session period ended June 18. The S&P 500 index closed up 0.1% at 4,406, finishing higher for the first time in three sessions, while the Nasdaq Composite closed up 0.1% at around 14,542, booking its first gain in four sessions. The Dow , however, declined 0.2% to 34,894, weighed by declines in Boeing Co. , Caterpillar Inc. and Goldman Sachs Group Inc. . Investors have grown cautious on stocks as concerns about the delta variant of COVID-19 threaten to dent the global economic recovery. Investors also are worried about the Federal Reserve's plans to taper its monthly purchases of bonds. But it was small-cap stocks that saw outsize losses on Thursday. The Russell 2000 Index of small-cap stocks finished down 1.3%. The performance for markets came even as weekly data showed that jobless claims fell to a pandemic low of 348,000 last week.
8:13 a.m. Aug. 17, 2021 - By Mark Decambre
Dow heads for worst day in a month, Nasdaq on track for worst in 2 months, as Wall Street's fear index jumps 18%U.S. stocks on Tuesday afternoon were setting a brisk pace lower on the session, led by losses in the technology sector. In fact, the tech-heavy Nasdaq Composite , down 1.4%, at last check, was headed for the worst daily decline since May 12, when it tumbled 2.7%; and the Dow Jones Industrial Average and the S&P 500 index , fresh off record highs on Monday, were each down by more than 1%, both on track for their worst day since July 19. The equity decline also saw the Cboe Volatility index , also known as the fear index, register its biggest daily surge in about a month, up 18% at 19.05, since July 19. The VIX, referring to the Cboe Volatility index's ticker symbol, is a closely watched measure of stock-market impied volatility that is often used as a proxy for investor anxiety, and it tends to rise as stocks fall.
4:34 a.m. Aug. 12, 2021 - By Mark Decambre
Dow briefly hits intraday record high before retreating Thursday as market weighs hotter-than-expected PPI reportU.S. stocks struggled for direction early Thursday, with the Dow briefly hitting an intraday record at the start of trade, and the S&P 500 and Nasdaq Composite trading under pressure as investors parsed data on wholesale inflation and a weekly jobs report. The Dow was down less than 0.1% at 35,469, but had established an intraday all-time high at 35,510.77, the S&P 500 index was trading 0.1% lower at 4,442, while the Nasdaq Composite Index was down 0.1% at 14,746. The producer-price index, or PPI, a measure of the prices businesses receive for their goods and services, rose for the sixth month in a row, undermining a report on consumer prices that had suggested that pricing pressures may be moderating somewhat.PPI jumped 1% last month, the government said Thursday, hotter than the 0.6% increase that economists polled by The Wall Street Journal had forecast. PPI over the past 12 months moved up to 7.8% for July from 7.3% in the prior month. Consumer-price index data on Wednesday showed a 0.5% climb on a month-over-month basis, but was down from 0.9% in June and matched the expectations of economists surveyed by The Wall Street Journal. Meanwhile, dropped by 12,000 to 375,000 in the week ended Aug. 7, the government said Thursday. That matched the forecast of economists polled by The Wall Street Journal, a sister publication of MarketWatch.
11:07 a.m. Aug. 10, 2021 - By Mark Decambre
Dow, S&P 500 book record closes as Senate passes infrastructure bill, investors await inflation readingsU.S. stocks finished at or near records on Tuesday, as the Senate passed a $1 trillion infrastructure bills and investors awaited data due this week on inflation. The Dow Jones Industrial Average [: DJIA] closed about 162 points, or 0.5%, at 35,265, while the S&P 500 index ended up 0.1% at 4,436, on a preliminary basis. It was the 31st record closing high for the Dow in 2021 and the 45th for the S&P 500. The Nasdaq Composite Index ended 0.5% lower at around 14,788. The gains come as the Senate on Tuesday voted 69-30 to approve a bipartisan infrastructure bill, sending the $1 trillion measure to the House of Representatives for its approval. The bill, known as the Infrastructure Investment and Jobs Act, calls for $550 billion in new public-works spending above what already was expected in future federal investments, including $110 billion for roads, bridges and other projects, as well as $66 billion for rail, $65 billion for broadband internet and $55 billion for water systems. In corporate news, shares of AMC Entertainment Holdings reversed an early surge and ended lower after the movie-theater chain reported a narrower quarterly loss late Monday.
4:33 a.m. Aug. 10, 2021 - By Mark Decambre
Dow, S&P 500 and Nasdaq rise tepidly to start Tuesday action as investors await Senate vote on infrastructureU.S. stocks edged higher Tuesday morning, as investors watched the global spread of the delta variant of the coronavirus that causes COVID-19 and searched for fresh catalysts to keep pushing equities higher. Investors were also awaiting the passage of a infrastructure package by the Senate later in the session. Energy prices , meanwhile, were rebounding from a sharp rout. The Dow Jones Industrial Average rose 0.1% at 35,129, the S&P 500 index advanced 0.1% at 4,436, and the Nasdaq Composite Index climbed 0.2% at 14,888. Meanwhile, the Senate was a roughly $1 trillion infrastructure package with broad bipartisan support Tuesday, advancing a central piece of President Biden's economic agenda. In corporate news, shares of AMC Entertainment Holdings climbed after the movie-theater chain reported a narrower quarterly loss late Monday, and a deal with AT&T's Warner Bros. over showing its movies in theaters before streaming. In COVID news, the highly transmissible delta variant of the coronavirus-borne illness COVID-19 has driven the daily average of new cases in the U.S. above 100,000 for the first time since February and created a crisis in Austin, Texas, where hospitals are running out of intensive care unit beds. The U.S. seven-day average of new cases stood at 110,360 on Sunday, according to a New York Times tracker, up 112% from two weeks ago. Hospitalizations have climbed 90% and deaths are up 92% in the period.
11:12 a.m. Aug. 5, 2021 - By Mark Decambre
S&P 500, Nasdaq close at records and Dow jumps nearly 300 points to retake perch at 35,000 ahead of Friday jobs reportThe S&P 500 and the Nasdaq Composite ended at records Thursday and the stock market closed solidly higher overall as shares of assets considered value tilted and information technology rose in tandem. The S&P 500 index closed up at around 4,429, up 0.6%, the Nasdaq Composite Index ended 0.8% higher at 14,895, while the Dow Jones Industrial Average finished up 170 points, or 0.8%, at 35,064, on a preliminary basis. Meanwhile, the small-capitalization Russell 2000 index rose by about 1.6%. The session marked the 43rd record for the S&P 500 in 2021 and the 27th for the Nasdaq Composite this year, its first, however, since July 26, according to Dow Jones Market Data. Gains on the session came a day ahead of an important report on jobs from the Labor Department and also after weekly data showed first-time claims for unemployment benefits last week fell to 385,000, down 14,000 from the previous week and in line with forecasts, while continuing claims fell below 3 million for the first time since March 2020. Separately, the June U.S. international trade deficit rose to a record, fueled by a surge in imports. Meanwhile, the Biden administration won a voluntary commitment from the auto industry that electric vehicles would comprise up to half of U.S. sales by the end of the decade. In corporate news, shares of Robinhood Markets Inc. ended down 28% after the online brokerage filed to sell up to 97.9 million Class A shares over time. In bonds, the 10-year Treasury note yield was at around 1.21% on Thursday after seeing an intraday low on Wednesday at 1.1255%. Yields and debt prices move in opposite directions.
8:42 a.m. Aug. 5, 2021 - By Mark Decambre
Gold futures end lower Thursday as yields pop higher, U.S. stocks rallyGold futures closed slightly lower Thursday, quashing bullion's attempt to deliver its first back-to-back gain since mid July, as Treasury yields climbed but still hung near lows not seen since mid to early February. The 10-year Treasury note was yielding around 1.20% Thursday afternoon after hitting its lowest intraday level since Feb. 10 at 1.1255%, a day earlier. December gold settled $5.60, or 0.3%, lower at $1,808.90 an ounce, after closing up less than 0.1% on Wednesday. The decline for gold also comes as the Dow Jones Industrial Average , the S&P 500 index and the Nasdaq Composite Index were rallying, trading at or near record highs and underscoring a weaker appetite on the session for assets perceived as havens like gold and bonds. The rise in Treasury yields can also undercut the appeal of gold compared against precious metals that don't offer a coupon.
11:04 a.m. Aug. 3, 2021 - By Mark Decambre
S&P 500 notches 42nd record closing high of 2021 as corporate earnings overshadow spread of delta variantU.S. stocks finished solidly higher Tuesday, and the S&P 500 notched another record, as investors assessed corporate earnings reports and grappled with concerns over how the global economy will withstand the delta variant of the coronavirus as well as Chinese regulatory action against technology stocks. The S&P 500 closed 36 points, or 0.8%, higher at about 4,423, besting the broad-market index's July 26th record at 4,222.30. That marked the 42nd record high of 2021 for the index. The Dow Jones Industrial Average closed nearly 280 points, or 0.8%, higher at 35,117, while the Nasdaq Composite Index finished 0.6% higher at 14,761, on a preliminary basis.
11:08 a.m. July 27, 2021 - By Mark Decambre
Nasdaq Composite books worst selling in 2 1/2 months ahead of results from tech giants Apple, Microsoft and AlphabetU.S. stocks ended lower for the first time in six sessions Tuesday, and the Nasdaq Composite took the brunt of the selling, posting its worst daily decline since mid May ahead of earnings from technology giants Microsoft Corp. , Apple Inc. , and Google parent Alphabet Inc. . The Nasdaq fell 1.2% to around 14,660, marking its steepest daily drop since May 12; the S&P 500 index declined 0.5% at 4,401, while the Dow Jones Industrial Average finished off 0.2% at 35,059, all closing levels are on a preliminary basis. The declines on Tuesday come after all three stock benchmarks posted record closes on Monday to start a big week of earnings and an important update in policy from the Federal Reserve due on Wednesday. U.S. stocks have managed to grind higher amid questions about inflation and the spread of the delta variant of COVID-19 and some analysts view Tuesday's retreat as a momentary breather for a turbulent market that retains an overall bullish complexion. The slide in yield-sensitive technology and tech-related names came even as benchmark bond rates pulled back, with the 10-year Treasury note at around 1.24%. Markets were also unsettled by China's crackdown on technology companies domiciled in the region.
11:21 a.m. July 19, 2021 - By Mark Decambre
Dow sinks 726 points for worst day in over 3 months amid escalating worries about COVID's delta variantStock benchmarks closed sharply lower Monday, and the Dow marked its worst drop since late October, amid growing concerns about the global spread of the delta variant of the coronavirus that causes COVID-19. The Dow Jones Industrial Average shed about 726 points, or 2.1%, lower at 33,962 to mark its steepest slide since Oct. 28, 2020; the S&P 500 index ended down 1.6% at 4,258, while the Nasdaq Composite Index declined 1.1% at 14,275. All closing levels are on a preliminary basis. The declines for stocks came as the 10-year Treasury note yield fell to a five-month low beneath 1.18%. Stocks finished off their worst levels of the session, however, with the Dow down over 900 points at session lows.
11:10 a.m. July 15, 2021 - By Mark Decambre
Nasdaq logs longest losing skid in 2 months as chip makers get hit; 10-year Treasury yields below 1.30%U.S. stocks ended mostly lower Thursday, with the S&P 500 and Nasdaq Composite finishing down on the session as investors weighed mostly upbeat U.S. economic data, corporate earnings and a second day of testimony by Federal Reserve Chairman Jerome Powell. The Nasdaq Composite Index closed off 0.7% at around 14,543, marking the third straight decline, its longest losing skid since a similar period ended May 19, weighed in part by a sharp drop in chip makers . The declines for yield-sensitive technology and tech-related stocks came even as the 10-year Treasury note yield fell below 1.30% on the day. The S&P 500 index closed off 0.3% at about 4,360, while the Dow Jones Industrial Average ended 0.2% higher at 34,987, buoyed by shares of UnitedHealth Group Inc. and Honeywell International Inc. . In economic news, initial jobless claims fell by 26,000 to 360,000 in the seven days ended July 10, matching the forecast of economists polled by The Wall Street Journal. Meanwhile, Powell, in an appearance before the Senate Banking Committee, repeated his message from the previous day when he testified before a House panel, telling lawmakers that inflation has risen significantly and would likely remain high for a few months before moderating.
11:10 a.m. July 14, 2021 - By Mark Decambre
Dow, S&P 500 end higher and Nasdaq books 2nd straight drop, but Russell 2000 gets whacked amid Powell hearingThe Dow Jones Industrial Average and the S&P 500 logged modest gains Wednesday, while the Nasdaq Composite rang up its second consecutive loss, after Federal Reserve Chairman Jerome Powell told a House Financial Services Committee that inflation will moderate and that he believes that policy makers can combat rising pricing pressures if they run even hotter. The Dow closed 0.1% higher at around 34,933, the S&P 500 index advanced 0.1% at about 4,374, pulling back after hitting an intraday high Wednesday at 4,393.68; the Nasdaq Composite Index declined 0.2% at around 14,645, marking its second decline in a row. The small-capitalization Russell 2000 index suffered another sharp drop, sinking more than 3% over the past two sessions. In corporate news, shares of Bank of America Corp. dropped after the moneycenter bank reported a second-quarter profit that rose above expectations but revenue fell short, weighed by misses in the consumer banking and global markets businesses. BlackRock Inc. shares fell after the money manager reported second-quarter profit and revenue that rose above expectations, as assets under management increased 30% and net inflows topped $80 billion. Meanwhile, the Fed's latest deep dive on the economy confirmed the obvious: The U.S. is growing faster, but the recovery is being restrained by widespread shortages of labor and supplies.The findings from the central bank's so-called Beige Book, which largely mirrored the more timely remarks by Powell during his appearance in Congress on Wednesday. The moves in stocks also came as the 10-year benchmark yield skidded lower and prices for government debt rose. The 10-year note was at around 1.34% from aroun 1.41% on Tuesday. Treasury yields fall as prices climb.
11:05 a.m. July 9, 2021 - By Mark Decambre
Dow, S&P 500, Nasdaq clinch record closes to cap turbulent week of trading on Wall StreetAll three major indexes ended at records Friday, underscoring a powerful rebound in equities a day after one of the worst selloffs since mid June. The S&P 500 index closed 1.1% higher at about 4,370, the Nasdaq Composite [c: COMP] booked a roughly 1% advance at roughly 14,700, and the Dow Jones Industrial Average climbed 450 points, or 1.3%, at around 34,869, on a preliminary basis. All three indexes logged record closing highs a day after notching the worst daily drop since June 18. The declines had been at least partly inspired by worries about the economic recovery amid the spread of the delta variant of COVID-19 and as the 10-year and 30-year Treasurys hit their lowest yields since February. Treasury yields, which move inversely to prices, tipped up, however. The climb for stocks came as President Joe Biden issued an to limit corporate dominance and spur competition. In corporate news, shares of Stamps.com Inc. surged nearly 63% after it announced an agreement to be acquired by software investment firm Thoma Bravo in a cash deal that values the web-based mailing and shipping services company at $6.6 billion.
8:51 a.m. July 9, 2021 - By Mark Decambre
Gold futures settle higher Friday and mark sharpest weekly rise in 7 weeks, despite stock market reboundGold futures on Friday booked a solid gain for the session, helping the commodity mark its third straight weekly advance, as choppiness in stocks, a tepid U.S. dollar and rapidly receding yields proved a bullish cocktail for bullion. August gold traded $10.40, or 0.6%, higher to settle at $1,810.60 an ounce, with a weekly advance of 1.53%, based on last Friday's closing level. The weekly gain was the metal's third in a row and its sharpest since the week ended May 21, FactSet data show, underscoring an uptrend taking hold in the yellow metal. A so-called formed it gold's chart earlier in the week. A weaker dollar was likely the main catalyst for gold's gains. The dollar was down 0.2% on Friday and down to flat on the week. A weaker dollar can make assets priced in the currency comparatively more expensive to buyers using other monetary units. Contributing to the upswing for gold was a rally in bonds, which sent long-dated yields, notably the 10-year Treasury note and the 30-year bond . to lows not seen since February, diminishing the opportunity cost of owning nonyielding gold over bonds. The upbeat mood in haven gold came even as the Dow Jones Industrial Average , the S&P 500 index and the Nasdaq Composite Index were all staging a rebound from Thursday's yield-inspired selloff.
4:33 a.m. June 29, 2021 - By Mark Decambre
Dow climbs as S&P 500 and Nasdaq carve out fresh intraday all-time highs to kick off Tuesday tradeU.S. stocks opened higher Tuesday morning, with equity indexes trading at or near records, and the S&P 500 aiming for its 33rd record closing high of the year as investors awaited data on consumer confidence levels. The move comes after the S&P 500 booked its 32nd all-time closing high of 2021, led by gains in the technology sector. The S&P 500 index was rising 0.2% and established an intraday record high at 4,298.22, the Dow Jones Industrial Average climbed 0.5% to around 34,455, while the Nasdaq Composite Index was trading less than 0.1% lower at 14,483 after notching an all-time intraday high at 14,509.78. In corporate news, United Airlines Holdings Inc. said Tuesday that it is purchasing 270 new Boeing and Airbus aircraft to its fleet, in its biggest-ever order and the largest by an individual carrier in the last decade, making a strong bet on a recovery in travel.
9:04 a.m. June 16, 2021 - By Mark Decambre
Dow losses deepen, benchmark down around 300 points as Fed refers to inflation's rise as transitoryU.S. stocks saw losses gather some steam Wednesday afternoon after the Federal Reserve, kept benchmark interest rates steady, as expected, but referred to inflation as transitory and said that it would need substantial further progress before tapering its asset-purchase program, which is currently running at $120 billion a month. The Dow Jones Industrial Average was down nearly 300 points, or 0.9%, at 33,999 the S&P 500 index was off 0.7% at 4,217, while the Nasdaq Composite Index was off 0.6% at 13,995.
4:31 a.m. June 11, 2021 - By Mark Decambre
S&P 500 opens higher Friday, aims to end week at a record ahead of big Fed policy updateU.S. equity benchmarks rose modestly early Friday, looking to end the week on a positive note after the S&P 500 logged a record close despite another round of hotter-than-expected inflation data. Investors are now looking to the start on June 15 of the Federal Reserve's two-day policy meeting. The S&P 500 index was heading 0.1% higher at 4,244, the Dow Jones Industrial Average gained 0.3% at 34,552, while the Nasdaq Composite Index advanced less than 0.1% at 14,022. The U.S. economic calendar is light following Thursday's inflation fireworks. A preliminary June consumer sentiment index reading is due at 10 a.m. Eastern. On Thursday, stocks and government debt rallied, despite data that showed the rate of U.S. consumer inflation over the past year escalated to a 13-year high of 5% from 4.2% in the prior month. That put it at the highest level since 2008, when the cost of oil hit a record $150 a barrel. Before that, the last time inflation was as high was in 1991. In corporate news, meme stocks remain in focus, with shares of AMC Entertainment Holdings Inc. up more than 6% in premarket trading Friday, after falling 22.2% over the past two sessions. The stock and other meme stocks, took a hit Thursday after GameStop Corp. .
11:11 a.m. May 24, 2021 - By Mark Decambre
Dow clinches 3rd straight gain as tech, communication-services stocks support Monday climbU.S. stock benchmarks closed solidly higher Monday, powered by a rebound in shares of technology and communication-services companies, as investors shook off concerns about out-of-control inflation to hunt for buying opportunities among assets that have been battered in the tumultuous economic recovery phase from COVID. The Dow Jones Industrial Average [: DJIA] closed up 186 points, or 0.5%, to around 34,394, marking the third straight gain for blue chips. The S&P 500 index rose 1% to 4,197, with gains in information technology, up 1.8%, and communication services, rising 1.8%, leading the charge higher for the broad-market benchmark. The tech-heavy Nasdaq Composite Index closed 1.4% higher at about 13,661. In corporate news, shares of Virgin Galactic Holdings Inc. shot up nearly 30% after the space exploration company completed its first rocket-powered flight from New Mexico to the fringe of space in a manned shuttle. Meanwhile, bitcoin rebounded from a weekend selloff and was changing hands at around $39,600 on CoinDesk from a Sunday low below $32,000.
11:11 a.m. May 17, 2021 - By Mark Decambre
U.S. stock market ends lower Monday but off low as tech and communication-services stocks slumpU.S. stocks ended slightly lower Monday, weighed by declines technology and tech-related shares, as concerns about inflation continued to buffet Wall Street, following the worst week for stocks since Feb. 26. The Dow Jones Industrial Average finished about 0.2% lower at 34,328, off the low for the day at 34,176.65, with shares of Walt Disney & Co. and Home Depot leading the blue-chip benchmark's slide. The S&P 500 index closed off 0.3% at roughly 4,163, led lower by technology and communicatiion-services shares, while the Nasdaq Composite Index retreated 0.4% to 13,379, off a low of 13,265. The slump for stocks came as gold futures jumped, settling above their 200-day moving average and marking the highest finish for the most-active contract since early February. Federal Reserve Vice Chairman Richard Clarida, the Fed's No.2, said the U.S. economy had yet to reach the "substantial further progress" that would be needed to peel back accommodative policies, even as investors fear that inflation is set to run hotter than the central bank is predicting. In corporate news, AT&T shares fell 2.7% after it agreed to combine media assets with Discovery Inc. and spin them off into a new, publicly traded company. Shares of Disovery fell more than 5%.
4:35 a.m. May 13, 2021 - By Mark Decambre
U.S. stock market opens higher, aims to snap 3-session skid U.S. stocks on Thursday opened higher Thursday, with tech shares rising in as dip buyers look for a bounce to halt a three-session slide, a day after hot inflation data sent the Dow Jones Industrial Average down for a third day to its biggest one-day loss since January. The Dow rose 140 points, or 0.4%, to 33,723, the S&P 500 index climbed 0.7% to 4,090, while the Nasdaq Composite Index added 1.1% early Thursday. The moves come as investors took another round of U.S. inflation data in stride, after April producer price index jumped 0.6%, far above forecasts for a 0.3% rise. Year over year, wholesale inflation rose 6.2% versus a 4.2% rise in March. Concerns about inflation have moved front and center for investors after data on Wednesday showed prices at the consumer level saw the biggest monthly rise since 2009 and the largest year-over-year increase since 2008.
11:12 a.m. May 11, 2021 - By Mark Decambre
Dow logs steepest daily skid in 2 1/2 months but tech-led Nasdaq stages big comeback to pare worst of Tuesday's slumpU.S. stocks finished out a wild Tuesday session lower but investors bought into the drop, helping to pare the worst of the day's steep drop. Still, the Dow Jones Industrial Average booked its worst day since Feb. 26, ending down 472 points, or 1.4%, at 34,269. At its lows, the blue-chip index was down by as many as 668 points before paring those losses. The S&P 500 index closed 0.9% lower to 4,152, while the Nasdaq Composite Index ended down less than 0.1% at 13,389, recovering from an intraday nadir at 13,107.67. Initial selling was primarily focused on technology and tech-related names, with the downturn blamed on renewed fears of a surge in inflation as the economy recovers from the COVID pandemic. Tech shares, however, saw some bids off their lows on Tuesday as investors saw buying opportunities off the day's low.
11:09 a.m. May 6, 2021 - By Mark Decambre
Dow jumps over 300 points to log 23rd record close in 2021 and S&P 500 ends back above 4,200 amid late-session surgeU.S. stocks on Thursday finished a tumultous day firmly in positive territory and the Dow registered back-to-back record closes, supported by a round of strong corporate earnings and signs of continued improvement in the labor market as reflected in the jobless claims report ahead of a closely followed employment report due on Friday. The Dow Jones Industrial Average closed up by about 315 points, or 0.9%, to a record at 34,546, powered by gains in Goldman Sachs Group Inc. and Home Depot . The all-time closing high was the 23rd for the blue-chip index in 2021, outstripping all of the records produced in 2020, according to Dow Jones Market Data. The S&P 500 index closed up 0.8% at 4,200, while the Nasdaq Composite Index ended 0.4% higher at 13,633, snapping a four-session skid. A 1.4% rally in financials and a 1% rally in the technology sector helped to support Thursday's advance, which came as initial unemployment claims in the U.S. fell to 498,000 for first time in pandemic era, pointing to an improving labor market but also raising questions for some investors about the specter of rapidly rising inflation.
7:26 a.m. April 9, 2021 - By Michael Ashbaugh
Charting a Farewell Focus: 10-year yield asserts the range, Semiconductor sector presses record highs, TNX, SMH, KLAC, ROST, FOUR, ZENThis is the final edition of The Technical Indicator on MarketWatch. As its founder, and continuous editor since 2003, it has been a blast publishing for engaged and knowledgable readers for nearly 18 years.
7:12 a.m. April 8, 2021 - By Michael Ashbaugh
Bullish momentum persists: S&P 500 (slightly) extends April breakout Focus: Communications services sector tags record highs, Apple’s stealth trendline breakout, XLC, AAPL, IBM, ON, NUANU.S. stocks are mixed early Thursday, vacillating ahead of scheduled remarks from the Federal Reserve Chairman. Against this backdrop, the S&P 500 has tagged its latest record high, though narrowly, while the Nasdaq Composite has extended an already-aggressive trendline breakout.
6:58 a.m. April 7, 2021 - By Michael Ashbaugh
Bull trend confirmed: S&P 500 tags technical target (4,085) Focus: Europe digests break to 12-year highs, IEV, ASML, ADI, EMR, YUMU.S. stocks are mixed early Wednesday, vacillating ahead of the release of the Federal Reserve’s meeting minutes, due out this afternoon. Against this backdrop, the S&P 500 and Dow industrials are digesting decisive breaks to record territory, while the Nasdaq Composite has sustained an aggressive trendline breakout.
11:06 a.m. April 6, 2021 - By Mark DeCambre
U.S. stock market books modest loss as 10-year Treasury note falls to around 1.65%U.S. stocks finished slightly lower Tuesday after the S&P 500 hit a record intraday high as investors weighed prospects for President Joe Biden's $2.3 trillion infrastructure plan and a brightening outlook for the U.S. and global economy. A sharp pullback in bond yields was notable with the 10-year Treasury note yielding around 1.65%. The Dow Jones Industrial Average closed down 0.3% at about 33,430, the S&P 500 index ended 0.1% lower a about 4,073, a day after both indexes notched a record closing high. The Nasdaq Composite Index ended the session at about 13,698, slipping less than 0.1%. Equity markets in April have been mostly buoyant amid optimism that government spending, vaccine rollouts and the relaxation of restrictions are unleashing a spell of swift economic growth. Worries about the strength of the rebound and a powerful surge in inflation has weighed on bullish investors. Investors on Wednesday will be on the look out for an account of the Fed's two-day policy meeting held last month, which could influence trading in the near term.
7:55 a.m. April 6, 2021 - By Michael Ashbaugh
Charting a bullish technical tilt, S&P 500 extends break atop 4,000 mark Focus: Consumer staples sustain break to record territory, XLP, VMW, ADSK, LUV, DLTRTechnically speaking, the major U.S. benchmarks have taken flight to start April, rising amid statistically unusual bullish momentum, writes Michael Ashbaugh.
7:33 a.m. April 6, 2021 - By Michael Ashbaugh
Charting a bullish technical tilt, S&P 500 extends break atop 4,000 mark Focus: Consumer staples sustain break to record territory, XLP, VMW, ADSK, LUV, DLTR Technically speaking, the major U.S. benchmarks have taken flight to start April, rising amid statistically unusual bullish momentum. In the process, the S&P 500 and Dow Jones Industrial Average have knifed to record highs, while the Nasdaq Composite has staged a potentially consequential trendline breakout.
Browse topics:

Filter results by

Industry

Financial Services (340)

Energy (264)

Gas/utilities (264)

Oil And Gas (262)

Banks (122)

Software (114)

Location

Us (1339)

Asia Pacific (165)

Europe (148)

Eu (146)

China (104)

Japan (100)

Issue

Commodities (392)

Markets/exchanges (307)

Economy (132)

General (118)

Opinion (111)

Market News (103)

Link to MarketWatch's Slice.