Stock Market Today
The DJIA today shed 106 points. The cause? A slew of mixed economic data stoked investor caution and a wait-and-see approach to the markets ahead of Friday's unemployment report.
Nine of 10 S&P 500 sectors were in the red today. Healthcare stocks were the lone bright spot.
The DJIA Index fell 85 points Tuesday, retreating from record territory. The cause? Lower than expected auto sales and mixed retail earnings reports.
The Nasdaq dipped back below the 5,000 level, giving up most of Monday's gains. The tech-heavy index was pulled down by Microsoft (Nasdaq: MSFT) and Cisco Systems (Nasdaq: CSCO), which fell 1.3% and 2.15% on the day, respectively.
Good Morning! U.S. stock futures today (Tuesday) forecast a 42-point decrease for the DJIA from yesterday's close. Citigroup Inc. (NYSE: C), Best Buy Co Inc. (NYSE: BBY), and Lumber Liquidators (NYSE: LL) are today's pre-market movers.
What to Watch Today: Investors will be watching a slew of earnings reports from retail companies. Firms reporting this morning include JD.Com Inc. (ADR) (Nasdaq: JD), Kate Spade & Co. (Nasdaq: KATE), Dick's Sporting Goods Inc. (NYSE: DKS), AutoZone Inc. (NYSE: AZO), TiVo Inc. (Nasdaq: TIVO), and Navistar International Corp. (NYSE: NAV).
The DJIA today surged another 155 points, hitting a new record. The S&P 500 also hit a new record, while the Nasdaq crossed the 5,000 level for the first time since March 2000.
What caused the surge? Tech stocks led the way, fueling increased optimism in the sector. China also made a surprise announcement with its monetary policy. The news offset concerns about domestic data.
Good Morning! DJIA futures today forecast a 23-point increase from Friday's close as investors await new economic data and an update on consumer spending.
What to Watch Today: Markets will react to a slew of economic data including updates on U.S. consumer spending, income levels, and construction figures.
Still, the real news in focus today is that China has slashed its interest rate for the second time in three months. The People's Bank of China (PBOC) cut its benchmark interest rates by another 25 basis points to 5.35% on Saturday.
The DJIA today shed 10 points, while the Nasdaq gained 20 points. Why were markets mixed? Oil prices slumped, dragging down the energy sector, while the Nasdaq saw a nice bump from a major tech deal.
Last week 313,000 Americans filed for unemployment benefits. The data was higher than consensus expectations of 290,000 filings.
So far the stock market in 2015 has continued its bull run with the Dow, S&P 500, and Nasdaq all up year to date. But as markets march higher, skeptics get louder that "something bad is coming." Money Morning Technical Trading Strategist D.R. Barton joined Chuck Jaffe's "MoneyLife" radio show Monday to help investors understand […]
Good Morning! The stock market today will be moving on news that Eurozone officials have accepted an extension of Greece's bailout program.
What to Watch Today: Investors' eyes will be glued to Capitol Hill, where Federal Reserve Chair Janet Yellen will testify on monetary policy before the Senate. The appearance coincides with efforts by Senators from both sides of the aisle to strip the central bank of certain powers.
The DJIA retreated from record levels Monday. The cause? Crude oil prices slipped again on concerns of oversupply.
In addition, Greece's government delayed until tomorrow its presentation of proposed economic reforms to its Eurozone partners.
Residential real estate took a hit today on news that purchases of existing homes fell 4.9% in January.