Stock market news today, April 28, 2014: U.S. stock futures are in the black this morning on anticipation of increased mergers-and-acquisitions activity.
Stock Market Today
It could be a tough day for markets. Violence in Ukraine has escalated, triggering concerns that Russia may invade the nation in the coming days. Following the killing of pro-Moscow rebels by Ukrainian soldiers, Russia has begun war games along the border.
Aside from the conflict in Ukraine, here are the five stories you need to know in the stock market today, including AMZN earnings, $1 trillion in merger mania, Warren Buffett on the "bubble," and more...
The Nasdaq rose this afternoon on Apple Inc.'s (Nasdaq: AAPL) strong quarterly earnings. Though the three major U.S. stock indexes opened higher, the markets slid from their intraday highs.
Most of the volatility stems from concerns over Russian military drills starting on the Ukrainian border.
U.S. stocks slipped yesterday on lukewarm Chinese data and a 14.5% month-over-month slump in U.S. new-home sales. But after-hours trading was dominated by positive results in the tech sector, potentially setting up a big day for the markets.
U.S. stocks slid on the Dow Jones today (Wednesday). The index lost 0.08% to close at 16,501.65. The Standard and Poor's 500 Index and the Nasdaq Composite were both unable to deliver a seventh consecutive winning session. The S&P dropped 0.22% to close at 1,875.39, while the Nasdaq fell 0.83% to finish at 4,126.97.
Despite the downturn, it was an extremely busy day on Wall Street and in the financial world, especially for tech giant Amazon and coffee king Starbucks.
U.S. stocks jumped yesterday on strong earnings reports and a deal frenzy across the healthcare sector. The S&P 500 and Nasdaq were in the black for the sixth consecutive trading session.
They'll go for seven on yet another big day of earnings reports.
U.S. stocks jumped Tuesday as traders celebrated big news and deals across the pharmaceutical sector and better than expected economic data.
The Dow Jones Industrial Average ended today up 0.4% to 1,879.55. The Standard & Poor's 500 Index gained for a sixth straight session – its longest streak since September – rising 0.41% to 1,871.89. And the Nasdaq Composite gained 1% to 4,161.56.
Investors seem confident that the economy is picking up as warmer weather takes hold…
But problems continue within the housing sector, where sales and construction forecasts were recently slashed by Freddie Mac and Fannie Mae. Existing home sales are expected to remain flat when they are reported this morning.
Markets rose modestly on Monday after investors weighed data from earnings season.
The Dow Jones today gained 40 points to close at 16,449.25. The S&P 500 is on its longest winning streak since October, rising 7 points to close at 1,871.89. The Nasdaq gained 26 points to close at 4,121.55, up for a fifth straight session.
Last week, the S&P 500 had its best week since July 2013.
Markets rebounded from a sharp tech sell-off with support from strong earnings in banking, retail, and Internet stocks. For now, positive data from China and the U.S. has overshadowed concerns about the possibility of increased conflict in Eastern Europe.
It sets up an interesting week on the horizon.