The Dow Jones Industrial Average is flat today as Brexit and the trade war create uncertainty in the global economy.
The Dow projected its first downturn in five days as investors continue to cheer speculation that the United States and China will work on a trade deal in October.
Things also continue to devolve in Britain after Prime Minister Boris Johnson failed to gain support in the Parliament for a snap election.
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The U.S. stock market is near all-time highs, of course, but there's a more troubling flip side to that: U.S. stocks are at nonsensical, nosebleed valuations.
Folks, when a money-losing outfit like Uber can go out – in broad daylight, in front of everyone – and value itself at $84.2 billion with a totally straight face and no hint of sarcasm or irony…
Well… that tells you something's not right. Something's been broken.
It deserves it for sure, but I'm not just singling Uber out here; it's merely emblematic of this mass insanity. There are hundreds upon hundreds of companies, many of them market leaders, trading at multiples quite divorced from reality. Nothing about the fundamentals justifies the prices being asked.
And like the saying goes, you can't fool all the people all of the time.
As I'm going to show you in a second, savvy investors – the so-called "smart money" – are increasing their cash positions. That's a wise move, because cash won't lose its value the way stocks do, and you can use it for "dry powder" to scoop up bargains when markets slide by double digits.
There's just one problem: The smart money is building up cash, but nowhere near fast enough. Nor are they setting aside enough.
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The Dow Jones Industrial Average is retreating as U.S.-China trade relations remain uncertain.
Despite their recent truce, the countries are yet to reach a comprehensive deal.
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The Dow Jones today is trending down after a major earnings miss and a surprise downgrade to index stalwarts.
The Dow Jones shed 90 points in premarket hours after analysts downgraded Caterpillar Inc. (NYSE: CAT) and Home Depot (NYSE: HD) missed earnings expectations.
We'll break down these developments below, plus a tech company's shares plunged 5% amid a scandal...
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The Dow Jones Industrial Average fell 70 points in premarket trading as uncertainty continued to linger around future trade relations between China and the United States.
While markets largely rose this week on positive trade developments from Beijing, officials have done little to clarify how or when trade tensions may be resolved.
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The Dow Jones Industrial Average fell 285 points Thursday morning after Apple Inc. (Nasdaq: AAPL) slashed its guidance for the current quarter.
The firm said it expects quarterly revenue to come in at $84 billion, well below the previous range of $89 billion to $93 billion.
The figure also badly misses the average Wall Street estimate of $91.5 billion in revenue.
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The Dow Jones Industrial Average continued to ward off October's losses this morning as strong earnings results from General Motors (NYSE: GM) and Facebook (Nasdaq: FB) buoyed markets.
The Dow projected a 229-point gain on Wednesday, a morning after it surged more than 400 points.
Despite the gains, the S&P 500 is still down 7.9% in October, while the Dow is off 6%.
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The Dow Jones Industrial Average jumped 23 points in premarket hours as the Federal Reserve indicated that it will raise interest rates for the third time this year.
The U.S. Central Bank concludes its two-day meeting on monetary policy this afternoon.
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The Dow Jones Industrial Average dropped 107 points as economic instability continued to rack emerging markets across the globe.
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The Dow Jones today rose 130-points in premarket trading on news that the U.S. economy added another 233,000 jobs in May, while the unemployment rate dipped to 3.8%.
The jobs figure was well above the 188,000 positions expected by economists.
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