Stock Market Today
Can Corporate Earnings Keep Up with Soaring Stock Prices?
Are high stock prices backed by profits or an overheated market? Money Morning’s Keith Fitz-Gerald shares his earnings expectations with Fox Business’ “Varney & Co.”...
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Stock Market News Today: What and Who to Watch
After last week's onslaught of economic indicators and earnings reports, the stock market today is down in morning trade.
As earnings season winds down, this week has fewer economic reports in the pipeline and the stock market today is slightly weighed.Read More...
Why You Have to Be Investing in the Stock Market Now
Money Morning Capital Wave Strategist Shah Gilani - sometimes called "the reluctant bull" - joined FOX Business' "Varney & Co." today (Friday) to discuss why the U.S. is the "place to be."
Shah emphasizes that all reluctance aside, when it comes to investing in the stock market now, "You have to be in it to win it."Read More...
Stock Market Today in the Red Ahead of FOMC
The stock market today is off to a sluggish start as investors brace for a week of important economic indicators.
Pending homes sales kicked off a week of tell-tale economic data this morning, while earnings season continues with Wynn Resorts Ltd. (Nasdaq: WYNN) reporting disappointing Q2 results.Read More...
- Two Cheap Growth Stocks To Buy Now If you want to shell out a little bit of money for a lot of growth potential, here are two cheap stocks to buy now with very bullish outlooks. Read more... Read More...
Stock Market Today: Third Big Bank Beats Estimates
Coming off the second best week of the year, the stock market today was little changed in early trading.
Shortly before noon, the Dow Jones Industrial Average added 5.99, or 0.04%, to 15,470.29. The Standard & Poor's 500 Index and the Nasdaq were both up less than one point.Read More...
Stock Market Today Boosted by Better-than-Expected Bank Earnings
U.S. equities marched higher - by a smidge - in the stock market today, one day after benchmarks logged fresh records.
The Dow Jones Industrial Average finished at 15,464.07, up 3.15 points, or 0.02%. The Standard & Poor's 500 Index ended at 1,680.19, up 5.17 points, and the Nasdaq closed at 3,600.08, up 21.78 points.Read More...
Stock Market Today: Can Earnings Drive Market Higher in July?
The bulls came out of the gate at full-speed at the opening of the stock market today.
Less than a half-hour into trading, the Dow Jones Industrial Average jumped 121.99, or 0.81%, to 15,241.40 The Standard & Poor's 500 Index climbed 12.19, or 0.75%, to 1,644.08. The Nasdaq added 14.01, or 0.41, at 3,493.60.
Optimistic investors appear to be betting the second quarter's earnings will come in ahead of scaled-down forecasts.
Pre-announcements have certainly been extremely negative. According to Thomson Reuters, the ratio of negative to positive comments is 6.5 to 1, more than two-and-a-half times the normal pace and the most negative reading since 2001.
Overall, S&P 500 earnings are projected to have grown 1.6% in Q2 from a year ago, while quarterly revenue is expected to increase 2.9%.
But those estimates could be on the light side.Read More...
Stock Market Today: Expect "Insane" Trading as Second Quarter Ends
The stock market today fell more than 50 points in the first 10 minutes of trading, with the Dow dipping below 15,000.
June has been a volatile month for U.S. equities with the Dow experiencing 15 triple-digit moves out of 18 sessions.
As we start the final trading day of the month, which is also the last of the second quarter, expect heavy volume and wild swings.
As Business Insider pointed out yesterday, in the last five seconds of the trading day at the end of the month, or quarter, traders brace for what can best be described as intensely insane trading.
The following chart, with blue diamonds representing the end of the month and red ones representing the end of a quarter, shows the dramatic increase in E-mini trades (S&P futures contracts) that transpire at the close of trading at the end of the month, or quarter, compared to E-mini trades at the close of a regular trading session.Read More...
Break Down of the Stock Market Today
Money Morning Chief Investment Strategist Keith Fitz-Gerald joined CNBC to dissect what happened in the stock market today (Tuesday).
What should investors make of the recent stock market volatility? How does Bernanke play in to the stock market today? Are there good signs in today's trading?
Investors should watch the following for Keith's analysis.Read More...
What's Spooking Investors in the Stock Market Today
The stock market today is down more than 200 points as China fears trigger a global sell off.
In mid-morning trading, the Dow dived 205.75, 1.39%, to 14,593.65. The S&P 500 slumped 25.78, 1.62%, to 1,566.65. The Nasdaq slid 50.78, 1.51%, to 3,306.47. The Dow and S&P are now off some 5% and 6% respectively from their all-time highs reached earlier this year.
Asian markets were clobbered Monday and European markets melted on increasing fears of a liquidity crunch in China. Major Euro indexes, off roughly 10% from their April highs, are officially in bear territory.
Today's moves continue the rollercoaster ride U.S. equities were on last week, with the Dow shedding 560 points, or 3.66%, over Wednesday and Thursday.
The blue-chip benchmark finished at 14,799.40, down 1.8% for the week, its worst week since April 19. The S&P 500 fared worse, slumping 2.1% last week to end at 1,592.43. The Nasdaq ended at 3,357.25, for a weekly loss of 1.9%.
The VIX, or the CBOE Volatility Index, soared 10.2% last week, ending at 19. Wall Street's "fear gauge" has risen four of the past five weeks, ever since Fed Chief Ben Bernanke's first mumblings about a probable winding down of stimulus.
Monday morning, the VIX jumped 2.14, or 11.23%, to 21.04, its highest level of the year.
Markets were goosed Friday after The Wall Street Journal's Fed watcher Jon Hilsenrath wrote that investors may be misreading optimistic messages sent by the Fed Chairman Ben Bernanke as hawkish.
Also, Goldman Sachs (NYSE: GS) analysts said their top recommendation for 2013 is still to buy stocks and sell bonds.
"We continue to expect the index [S&P] will close the year at 1,750, a rise of approximately 10% from today's top level. However, median historical drawdown episodes suggest at some point during the next six-months that the S&P may decline to mid-1,500s before resounding to our year-end target," Goldman's analysts wrote.
Further giving stocks a lift was a bullish statement to CNBC from renowned hedge fund manager David Tepper, founder of Appaloosa Management: "All the concerns in the markets is because the Fed sees the economy stronger in the future. In fact, their forecast shows that they will wait until a lower unemployment rate (closer to 6% than 6.5) to raise interest rates. So they are a bit easier on the front...I obviously thought they should start to taper. [But] the bottom line when the dust settles [is that the] only one place to be [is] stocks."Read More...
Stock Market Today Reverses Painful Two-Day Plunge
A sense of calm appeared to settle over the stock market today - one day after the Dow's worst of the year. The Dow was up nearly 90 points near the close Friday.
Gold prices, pushed below $1,300 an ounce Thursday, its lowest level in some two-and-a-half years, also bounced back Friday.
Equity and commodity markets sold-off Wednesday and Thursday on worries the U.S. Federal Reserve could begin winding down its market supportive stimulus program later this year.
St. Louis Fed President James Bullard, who dissented against the FOMC meeting decision Wednesday, said in a statement Friday the central bank "should have more strongly signaled its willingness to defend its inflation target" and shouldn't have given Fed Chairman Ben Bernanke the authorization to provide an approximate timetable to end easing.
Bernanke's comments are indeed blamed for the stock market's steep two-day drop.
The Dow plunged 354 points, 2.3%, Thursday to close at a seven-week low. Over Wednesday and Thursday, the Dow shed 560 points, the blue chip index's biggest drop since November 2011. The CBOE Market Volatility Index (VIX) soared 23% Thursday, above 20 and a fresh 2013 high.Read More...
Finding a Sea of Calm in the Rising Market Mania
The markets have begun to swoon and one of the canaries was two Thai tycoons.
This pair of Thai tycoons, neither of them well-known internationally, has made a total of $27 billion in acquisitions in the past year, more than all Thai companies spent abroad in the preceding three years.
Stock Market Today Reflects Strong Reliance on FOMC Meeting
Shortly after the opening bell, the Dow Jones Industrial Average surged 172.02, or 1.14%, at 15,242.20. The Standard & Poor's 500 Index soared 16.43, or 1.01%, at 1,643.16. The Nasdaq jumped 40.11, or 1.17%, at 3,463.67.Read More...
Stock Market Today: Is the End of the Winning Streak the Start of Something Big?
All good things must come to an end...
A winning investment strategy since the start of the year has been to buy the dips. But that tactic may be changing in the stock market today.
In another rollercoaster session on Wednesday, U.S. equities fell as investors prolonged a recent selloff spurred by the unwinding of bullish bets.Read More...