Dow Jones futures edged higher early Tuesday, along with S&P 500 futures and Nasdaq futures, after Facebook (FB), Netflix (NFLX) and other FANG stocks led a modest stock market rally Monday. Facebook stock extended a strong regular-session gain ahead of Tuesday's cryptocurrency announcement. Meanwhile, MoneyGram International (MGI) skyrocketed after hours on a strategic alliance with Ripple,...
Continue reading >>
U.S. markets traded in negative territory throughout much of Friday’s session while closing with slight losses and hovering in another tight trading range. The late day strength was an encouraging sign as the Dow and S&P made a trip into positive territory with all of the major indexes holding near-term support levels into the weekend. The major indexes also posted back-to-back weekly...
Continue reading >>
Stocks rose slightly on Monday, led by gains in tech, as investors looked ahead to a crucial Federal Reserve meeting this week.The Dow Jones Industrial Average rose 22.92 points to 26,112.53 while the S&P 500 closed 0.1% higher at 2,889.67. The Nasdaq Composite outperformed, rising 0.6% to 7,845.02 as tech shares gained.Facebook and Netflix climbed 4.2% and 3.2%, respectively, while Amazon...
Continue reading >>
U.S. markets traded in negative territory throughout much of Friday’s session while closing with slight losses and hovering in another tight trading range. The late day strength was an encouraging sign as the Dow and S&P made a trip into positive territory with all of the major indexes holding near-term support levels into the weekend.The major indexes also posted back-to-back weekly gains,...
Continue reading >>
The first cut is the deepest. Clamoring for a rate cut—the first in more than a decade—by the Federal Reserve at some point this year is running hot. A survey by the Wall Street Journal earlier in the week signaled that nearly 40% of economists (paywall) polled by the publication expect the U.S. central bank to ease monetary policy next month. The chief economist Joe Davis of...
Continue reading >>
President Donald Trump renewed his criticism of Federal Reserve Chairman Jerome Powell in a recent interview with ABC News’ George Stephanopoulos, saying the economy and stock market both could be doing much better “if we had somebody different” in charge of the central bank. The president predicted that GDP would be 1.5 percentage points higher had Powell and his fellow central bankers...
Continue reading >>